Is Forex Auto Trading Real?
It is a good thing today that we find private investor flocking into the currency market. What we have today is the opening up of the forex market to retail investors. This was a market that was relatively close and accessible to companies and big financial houses that had the financial might that’s needed to trade currencies. The advent of the internet has now made it even more connected and retail investor can trade in the world’s largest market from the comfort of their homes, just with a laptop and a good internet connection. What makes the forex market very unique is the leverage that it offers, making it possible for investors to trade the market with small initial deposits. This is one of the reason why the forex market is extremely volatile.
The forex market runs on a twenty four hours basis at five days a week, and this makes it impossible to rake in on the profits at all times. Due to human weakness, it would be impossible for anyone watch the market 24hrs a day. This been duly noted, forex auto trading can be the solution that’s equipped to scan and trade the market at all times.
Your first task is to acquire a dependable forex auto trading software that would assist in your currency trading experience. For a forex auto trading software to be reliable, it has to be built on an excellent trading strategy. This is what would make the software win trades for you. Forex is hinge n testing trading strategies as well as practicing.
For a start I’ll say that you tryout your forex auto trading software on a demo/practice account. This would provide the base for you to ascertain the true worth of the trading tool you’ve just purchased. Some of the notes to take while trying out your forex auto trading software are whether it is able to provide precise signals without delays. At this point you should be aware that delayed signals are as good as no signals at all, as the market would have made the noise long gone before your entry. Your forex auto trading software must be able to update it charting and pricing information in time, or else it would be entering wrong time base on time elapse. It is clear what would happen to your trading account at this point. Having said this, another factor that could impact on your trading account is an inconsistent service delivery. What this implies is that it is risky having service disruption, as this could lead to losing trades as well.
It is wise if you also have an effective antivirus software, this important because it helps scan your downloads. Okay, the point is simple, some of the software that are downloaded off the internet need to be scanned for bugs, some of these bugs would sit on your PC and steal vital information. Good forex trading software should thus be free of bugs. Although, I must also say that bugs don’t mix with forex auto trading software. When bugs merge with these software, forex alerts and triggers become false.
The best thing in support of Forex auto trading in above paragraph is
The forex market runs on a twenty four hours basis at five days a week, and this makes it impossible to rake in on the profits at all times. Due to human weakness, it would be impossible for anyone watch the market 24hrs a day. This been duly noted, forex auto trading can be the solution that’s equipped to scan and trade the market at all times.
It is true that an excellent Forex robot can maximize your profits by trading continuously as long as you want it to trade which is not possible for a human.
You cant find an excellent Forex robot in market. Maybe you can buy it from an experienced trader who has developed it himself.
The good or ill of a man lies within his own will. – Epictetus
The article is written in a very good and step by step way. Very easy to understand. The topic is explained very nicely. I find this article very helpful
Originally posted by ChampThe article is written in a very good and step by step way. Very easy to understand. The topic is explained very nicely. I find this article very helpful
good article 
nice one but my advice is to dont buy any ea just develop an ea based on ur own strategy or if you think any ea boost your trading then make sure to serach in net almost all ea's are availbe for free in many forums but for that you must have some google techniques to seraching
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This article explains many valid factors.An EA can perform many functions that is not possible for a human which includes speed, 24 hour working, complex analysis within very few time etc.
I am also of the point that EA should be made by the traders themselves. But there are only a few traders who are also good developers. Hiring a developer will cost u a lot depending on complexity of your strategy. But if you think that your strategy is working best for u then its better to bear the cost than to purchase an EA.
good one sasha it is true there are lot of developer and programmers but all they charge average not as much as you are thinking i know lot of sites that charge very cheap money to develop any ea from your strategy. soon i will share an article on that on this forum.
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Originally posted by SashaThis article explains many valid factors.An EA can perform many functions that is not possible for a human which includes speed, 24 hour working, complex analysis within very few time etc.
I am also of the point that EA should be made by the traders themselves. But there are only a few traders who are also good developers. Hiring a developer will cost u a lot depending on complexity of your strategy. But if you think that your strategy is working best for u then its better to bear the cost than to purchase an EA.
Getting programmers to program your strategy is not a problem. You can find at very lower cost nowadays. There are many sources to find developers at low cost. The main problem is "Strategy". It takes a lot of time to make strategy. So first you have to practice forex and develop a strategy in your mind. Then you will have to spend some bucks on development.
Stick to your rules
Originally posted by uniquetraderGetting programmers to program your strategy is not a problem. You can find at very lower cost nowadays. There are many sources to find developers at low cost. The main problem is "Strategy". It takes a lot of time to make strategy. So first you have to practice forex and develop a strategy in your mind. Then you will have to spend some bucks on development.
dear strategy dont get a time to develop as in my point of view as i know is that plan a strategy and trade on that strategy with full rules take some time like you have a strategy to enter in a trate in specific pair not all pair and you saw the same setup on diffrent pair and you enter that give you a loss having great chance so make a plan and trate on that is the best way to get some dollors from the trading.
http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.
Originally posted by sadscorpion
Originally posted by uniquetrader
Getting programmers to program your strategy is not a problem. You can find at very lower cost nowadays. There are many sources to find developers at low cost. The main problem is "Strategy". It takes a lot of time to make strategy. So first you have to practice forex and develop a strategy in your mind. Then you will have to spend some bucks on development.
dear strategy dont get a time to develop as in my point of view as i know is that plan a strategy and trade on that strategy with full rules take some time like you have a strategy to enter in a trate in specific pair not all pair and you saw the same setup on diffrent pair and you enter that give you a loss having great chance so make a plan and trate on that is the best way to get some dollors from the trading.
I said the same that developing a strategy doesnt take time. The actual time is spent in "making" a strategy. Once u start working with an indicator or mixture of indicators, you need a lot of modifications and changes in ur way of using those indicator(s) with the passage of time. So the "making" process is long.
Stick to your rules
Of course there is a few expert is real one but it will not be for sell and this should win his owner so he will makes money and may be will manage some accounts like me .. I have a collections I made it by myself and as a I said this expert not for sell but if you owuld like to let me manage you account you are welcome ..