Are Automated Forex Trades Profitable?
Forex Robots are designed to automate the process of Forex trading. They are also called Forex Trading Software, Expert Advisors and Forex Trading Systems. These systems are actually pieces of software that automate the manual trading system. The good ones on the market are developed by forex traders and when you search for one which suits you it’s important to remember this. As there are a few out there designed by non traders and needless to say they don’t work nearly as well as when they are designed by people who are very familiar with the forex market and how it works. In recent times forex robots have grown increasingly in popularity, one reason for this is that they take the emotions out of placing trades for you. Many people find that when they place a trade based on a manual trading system which they may have spent weeks developing they tend to get a bit attached to the idea that it will go exactly as they predicted and when it doesn’t which is often the case they panic and do
