The Forex market is one of the most unpredictable and frequently changing markets you can trade on. Although trading this kind of market is often high risk, the possible rewards mean there are still plenty of people who are prepared to venture into it.Forex trading robots are just one of the tools many Forex traders use to try and boost their earnings, and whilst there is a lot of divided opinion when it comes to whether using them is a good idea for the newbie Forex trader, many do see them as a valuable resource to gaining a foothold in the industry. Here we will look at such trading robots, and attempt to separate the truth from the myths surrounding them: Clever and complicated Forex robots offer the best serviceUnfortunately, this is not true. Somerimes the more simple systems are the ones that work best. The good thing about simple systems is that they use just simple algorithms and require fewer elements. Aside from that, vendors will often claim that their programs were designed by brilliant people. Some even claim that their programs are created by people trained by NASA, but what would such people know about trading anyway? Trading can be improved by scientific and...more
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