Hi every one i have been doing forex for the last 3 months and have done quite well but I was wondering if any of you use a forex bot to get a small profit say 5% of account ballance a week/month for a steady grow account?
Many thanks
Most forex bots out there are scams so be careful. I recently made a video showing a bot that turned 10k into 500k in under 10 yrs using a martingale system where you double the position size after every loss. I won’t link it here in case its against the rules.
Most paid bots out there use a similar money management system which is not sustainable long term. They can perform well for a long time but will eventually go bust after a string of 6 or 7 losses.
I’ll agree with NNFXBot. The only people who benefit from bots are the creators and not the users. They don’t work in the long term. You’d lose your funds and end up blaming the market or the broker.