subject: The Best Forex Robot [print this page] The Best Forex Robot The Best Forex Robot
It's a nice sunny morning; you wake up to the sound of the ocean, the birds humming and the gentle breeze coming through your window.
You get up, turn on the computer, and activate the 97$ Power Forex Exploiter EA v2.1 meanwhile you get yourself a cup of coffee
Ahhfreedom! Now you can go about living your life while your 97$ EA makes you an absolute fortune trading. How cool is this?!
Reality check! Do you seriously believe this is possible?
If it was, don't you think banks and institutions would get rid of ALL their real traders?
Doesn't common sense tell you that retail traders would ALSO not need to learn how to trade, and instead, would have a robot of some sort making money 24/5 for them?
The fact of the matter is, I'm not going to tell what you should do, but I will suggest for your own sake that you stop buying all them crappy 97$ EA's from clickbank once and for all.
Now, don't get me wrong, I am not saying they don't ever work, because they do, sometimes
The thing you have to understand is that robots/EA's are developed for SPECIFIC market conditions.
And as you are already learning here, market conditions continually change.
Hence, traders have to adapt to market conditions continually.
Can profitable manual trading be learned?
Absolutely! Providing you dedicate yourself to learning the process.
How much money can be made?
As much as YOU need to live the life you want. And the best is you can trade part-time every week and make more money than many doctors and lawyers do fulltime, ONCE you "master it".
How long will it take to learn?
That my friend, is the question. THAT is the question only YOU can answer yourself.
So what should you do?
1) Learn to interpret price action alone. Keep your charts clean, simple, clutter-free.
2) Learn to identify your strengths and weaknesses and create a method BASED on
YOU.
Start by trying several different price action methods.
Test different timeframes to get a feel for the type of trader you are, be it a laid back or high frequency type of trader.
Do this and you will be on your way to figuring out this amazing industry. Guaranteed!
But if you decide to chase the latest greatest EA's and the latest system, you will NEVER make it.