Is Automated Forex Trader Software Really a Good Way to Trade?
Automated forex trader software is becoming increasingly popular and many traders are using these programs instead of traditional manual trading. Many people are asking if automated forex trader software really works better that manual trading and if it works so well could manual trading soon become obsolete?
First let's go over what this software is. Automated forex trading software are programs also called bots that trade for you automatically. Instead of you sitting at your computer watching and analyzing charts the robot program will do it for you. Not only that but it will also enter and exit your trades for you when the market gives it the signals.
What are the advantages to using a forex trading robot?
A robot can trade for you 24 hours a day. One of the things that makes the forex a tough market to trade is that it is always moving and most of us can't monitor and trade 24 hours a day. Because of this you will miss out on a lot of or even most of your buy and sell signals. If you have a robot watching the market for you this is not a problem because it's always there. You can live your life and even get a good night sleep while the overseas trading session is going and the robot take care of watching the market and making your trades for you.
A robot does not have opinions and emotions. One of the biggest obstacles a traders face is being able to trade a system consistently without their own emotions and opinions of what they think the market will do. These things drive most traders trading decisions and most traders never can get around this. If you can't follow a system consistently then you are probably not going to do well trading the forex or any of the financial markets.
A robot does not feel stress. Trading manually can be very stressful. It's easy to get emotionally attached to your trades and worry about them. The anxiety of not knowing whether to make a decision to enter or exit a market, take your profits or cut your losses can be all consuming and lead to a lot of sleepless nights. With a robot this just isn't a factor.
Another advantage is some robots come already programmed with time tested trading systems that have been proven to produce long term profit.
What's the advantage of manual trading? The main advantage is your chair will not get cold because you will be spending most of your time in it watching charts.
So if you are serious about making a living trading the forex I recommend you try using automated forex trader software. As well as some of these programs are working I doubt that many people will be manually trading for long. I suggest you try a robot out using a demo account and test it out before you use real money. Some are very inexpensive and come with money back guarantees. I have posted the link below to the one I use. If you try it out I doubt you will go back to manual trading.
Watch this automated forex trader software trade the forex live.
First let's go over what this software is. Automated forex trading software are programs also called bots that trade for you automatically. Instead of you sitting at your computer watching and analyzing charts the robot program will do it for you. Not only that but it will also enter and exit your trades for you when the market gives it the signals.
What are the advantages to using a forex trading robot?
A robot can trade for you 24 hours a day. One of the things that makes the forex a tough market to trade is that it is always moving and most of us can't monitor and trade 24 hours a day. Because of this you will miss out on a lot of or even most of your buy and sell signals. If you have a robot watching the market for you this is not a problem because it's always there. You can live your life and even get a good night sleep while the overseas trading session is going and the robot take care of watching the market and making your trades for you.
A robot does not have opinions and emotions. One of the biggest obstacles a traders face is being able to trade a system consistently without their own emotions and opinions of what they think the market will do. These things drive most traders trading decisions and most traders never can get around this. If you can't follow a system consistently then you are probably not going to do well trading the forex or any of the financial markets.
A robot does not feel stress. Trading manually can be very stressful. It's easy to get emotionally attached to your trades and worry about them. The anxiety of not knowing whether to make a decision to enter or exit a market, take your profits or cut your losses can be all consuming and lead to a lot of sleepless nights. With a robot this just isn't a factor.
Another advantage is some robots come already programmed with time tested trading systems that have been proven to produce long term profit.
What's the advantage of manual trading? The main advantage is your chair will not get cold because you will be spending most of your time in it watching charts.
So if you are serious about making a living trading the forex I recommend you try using automated forex trader software. As well as some of these programs are working I doubt that many people will be manually trading for long. I suggest you try a robot out using a demo account and test it out before you use real money. Some are very inexpensive and come with money back guarantees. I have posted the link below to the one I use. If you try it out I doubt you will go back to manual trading.
Watch this automated forex trader software trade the forex live.