Do forex robots really work?

Do forex robots really work?

 

If you want a strictly technical answer, yes, forex trading robots do work. The thing is, though, they are tools. And like all tools, the outcome depends on what they are used for, and how well they are used. So, there are FX traders who comfortably rely on robots for success, while others have problems.

 

 

Are forex robots legal?


So, when it comes to robot trading in forex, the simple answer is: Yes, it's perfectly legal to trade with forex robots.

 

 

 

Why do most forex traders lose money?

 

Poor risk management, and even worse, no risk management is a major reason why Forex traders lose their money quickly. Risk management is key to survival in Forex trading including day trading. You can be a good trader and still be wiped out by poor risk management.

 

 

 

Why forex trading?

Why forex trading?

 Why forex trading afther all?

Forex traders have 24-hour access to a market with superior liquidity to all the equity markets in the world combined, providing the flexibility to trade the Asian Pacific, European and/or U.S. trading sessions. Plus you can trade from home, your office or virtually anywhere in the world and receive rapid, accurate trade execution (under normal market conditions). FX dealers offer commission free trading (cost of the spread only) and substantially exceed the common 2:1 margin offered by equity brokers or 15:1 margin of the futures market, with most offering up to 100:1 leverage.

Leverage is a powerful tool, and without proper risk management a high degree of leverage can lead to large losses as well as gains. In forex you can familiarize yourself with a few currencies or many and trade on short term volatility or the longer term trends. Plus trading the major currencies provides more security then any company or commodity can offer. Once you experience the freedom of trading forex it is hard to accept the restrictions placed on all the other tradable markets.

 

When can I start trading?

 

You can begin immediately after your payment is received. Upon receipt you will be given a download link so you can immediately download our charting software with all necessary indicators and instruction manuals and begin watching the forex markets in real time. The system is designed so you can open trades on each signal simultaneously at the current market prices. You will also be given instructions on how to download your own free demo account to place practice trades immediately using the automated signals from the robot.