Forex Robots Are Scam Or They Can Really Change Your Circumstances
A forex robot is an automated forex system trading tool equipped to carry out forex transactions on behalf of traders
. Forex trading robot is capable of analyzing the forex market real time data. It is appropriately programmed to react to changes occurring in the forex market.
When forex robots were first introduced only experienced traders made use of these programs. However in the recent past robots have become a popular tool and are being used by novice traders too. Its capacity to enact trades on it own makes it very attractive to new forex traders.
Are forex robots capable of delivering profits in forex market? Can a forex trading robot be relied upon to perform consistently irrespective of changing market conditions? Is it a safe and reliable option for novice traders to use?
Yes, forex robots are reliable trading tools capable of delivering consistent results. Forex robots typically enter the market whenever they identify stable trends. These trends are detected by the robot by means of mathematical algorithms.
Many people that don't want to learn how to trade Forex use Forex robots to do their trading on autopilot. And there is nothing wrong with that... I use trading robots myself. But without any practical trading experience, I believe Forex robots users are loosing perspective and have unreachable expectations.
If you trade Forex manually like I do, then you know you have to learn and practice because trading currency is a SKILL. Like anything else worth learning, you need guidance and must practice the SKILL of trading currency until you can execute the trades profitably. And I understand the allure of trying to skip this step completely by using a Forex Expert Advisor that does everything for you.
Forex Robot Users Are Losing Perspective.
I fear that without any practical knowledge of trading manually, robot users are losing perspective. It really is a matter of expectations. Since they don't know trading Forex can be challenging at first, they expect huge gains every day. Since they don't know that you need to take what the currency markets give you, they don't understand why the robot isn't trading like crazy every day of the week. And even when the robot is making profitable trades, they expect more.