Can Robots Trade On Forex?
Perhaps it will seem a provocative question someone… Strangely enough, I am convinced that they can.
Then why do people have such doubts?
I have no doubts in it, and at the same time there are a lot of questions about the use among traders the so-called “advisors”.
Yes, it is absolutely true, nowadays trading advisers are very popular among traders, and especially among beginners.
And here, again, once again I want to return to the topic of “why 95% of beginning traders lose?”…
The same innate passion for our freebies ruining all people, and many persons are trying to get it through the use of advisers.
We download from the Internet the robots- champions, pay for very profitable advisers and all this has virtually no sense…
In order to understand the futility of these ploys, ask yourself:
- How long and how much money do you want to earn with the help of trading robots?
If you want to make it your main type of earnings, then once I can say that you do not get anything out and the best of all you should not feed any illusions on this occasion.
Yes, you can make a profit using some adviser, but a short time, for example, let it be 2 weeks or 2 months, but then the system will fail … No one knows when this will happen, i.e. it’s like a gust of wind in calm weather may begin at any time.
How it will be devastating, again, nobody knows, and you just have to trust in the robot and become a bystander: like play roulette.
And what would happen the next? (In terms of further use of the trading adviser).
Thus, the advisor of the “accumulator” can turn into a destroyer of the deposit. An adviser is done by people and they are fallible.
I often come across with some inappropriate attitude to these programs, especially among beginners. Something like that grandmothers attitude to the radio receiving station – take everything at its face value. Roguish advertisers, distributors of “miracle pills” often use it in their business.
So here, if the adviser is used in the trading terminal – it means that it is done by professionals, and it means it could be of impeccable quality.
Is it true? Of course, not. In our time, as many people already know, any person more or less conversant in the programming can create a trading robot. So there is always the question about its quality:
A good trader and a bad programmer or a bad trader, but a good programmer? It is rarely a good trader and a good programmer in one person. But still it is not you, but another person, which, if you buy an adviser, often will not help you at fault in its work.
There are 2 options you can make money on Forex.
You can learn the basics of currency exchange trading with the help of a nice forex book and do the forex trading yourself.
Or you can hire professional traders to manage your account and they will trade for you. Find out more about forex investment.
November 1, 2010 | In: Investment