How Forex Robots are helping in the trading market?
1 Like
Better control emotions in trading, trading 24/5
Welcome to the community. First try to learn. You can start your learning journey from the education section of this website. They have amazing resources for newbies. Remember it takes time to be skilled. There is no short cut.
Biggest advantage is removing the ‘fear of pulling the trigger’ imo but unfortunately i think the cons outweigh the pros by quite a lot
Welcome to the community. If you want to be a pro trader, give your time in learning. It takes time, patience and dedication to be skilled.
fyi guys It’s been a while since we’ve seen forexrealprofitea15 — their last post was 9 months ago.
Forex is the best income source if you have proper knowledge.
Pros - lack of emotional response
Cons - often a lack of flexibility to changing market conditions
I have never traded a robot because I feel satisfied with what I can make. Gaining something from your own experience is different.
Yes they can be a great tool, but I always treat them as semi automated. Things can go wrong quickly on some of them… They are only as good as they are programmed to be
Brain surgery is the best income source if you have proper knowledge and work in the private health sector
Coding in python is the best 2021 income source if you have the proper knowledge
Robot to me is more consistent when the market is less volatile so take can be profitable with smaller trade opportunities (you can read in detail here). However, when there is a large market movement and high volatility, it still probably better to trade yourself.
1 Like
There is no matter how volatility market is, if you built EA with properly way and made reliable backtest, you can sleep well. Even if you trade manually with high volatility, your order can get huge slip, and you will nothing you can do
1 Like
Very true, i think its important to just have contingency for this and if you’re RR is good and you dont risk too much no amount of slippage or should really harm your account
First, learn as much as possible. This website’s education section is a good place to start your learning journey. They have a wealth of information for newcomers. Keep in mind that mastery takes time. There isn’t a way around this.
learning is very much important there is no way to ignore but the main problem is any kind of learning can be useless if there is no regular level of practice .
Please greet me as a newcomer to this community. My advise is to start by trying to learn. You can begin your learning adventure by visiting the website’s education area. They have a wealth of information for newcomers. It’s important to remember that learning a skill takes time. There is no quick fix.
I agree that practice is important but learning is equally important. Practising without learning will exhaust you more because you will be making a lot of mistakes and creating problems if you start without learning. Then you will have to find the solutions to those problems. But if you learn before you practice then you will already know that there are certain do’s and don’ts which will help you in avoiding common mistakes. You will be able to focus more on the main problem.
Forex robots can help traders to keep an eye on the market in their absence. They can trade 24 hours, and the best thing is that they don’t trade with emotions. However, completely relying on bots is not a good trading move.
Forex Robots are computer programs that help traders make better, faster, and more informed trading decisions. Professional traders usually use forex robots to automate their trading strategies. However a beginner trader should not use a forex robot until they understand how the forex market works.
1 Like