If you've heard about robot forexes already but don't know exactly what they are, you're definitely in the right place. In recent years this process has become automated, i.e. a software has been created that automatically operates according to preset patterns. This is how so-called robots are created.
These programs operate mainly in the forex market because it is the only open h24, unlike the stock markets that are open 8 hours a day, ie from 9:00 am until 17:00 pm of the country where the quotes take place.
Moreover, only the market works with strong levers, at 40, 80, 100, and even 1,000. This means that we can make a really high profit, but also that, with the slightest distraction, the loss can be as high as appalling figures. When investing with leverage, the strategy is to make continuous purchases and sales of very short duration. We are talking about 5-minute circles, with a maximum of two hours. In this type of condition, the operator must operate in first person and be highly reactive. Such a rhythm is obviously not sustainable for a long time: here the robot forexes come into action, but instead they can always operate at the same speed and intensity even round the clock.
So, in summary, robots have three main advantages: the first is that they are obviously operational 24 hours a day, 365 days a year; secondly, being software programs, they don't feel the fatigue; thirdly, the thinnest reason is that they are not afraid, so there will be no last-minute rethinking or a missed investment for fear of making mistakes.
But beware: of course, if it were so beautiful and easy, there would be no human operators in the forex market anymore, and everyone would resort to robots. They are not as widespread as you might think, despite the obvious positive aspects. Let us see why.
The main problems are related to facts that are related to the very nature of robot forex: that is, they are software. So, they may have connection problems: if they should go out of the way, or if they should not go to the Internet for any reason, you risk having your program totally inactive until you go back to check it. If your network problems persist, you will no longer be able to get it up and running. You can connect through hosting sites, but nothing is 100% secure and of course this would still have a cost to bear.
Another reason is the lack of sensitivity of the programmer. We said earlier that one of the strengths is the lack of fear in making investments. This is true, but the other side of the coin is surely the fact that in uncertain market situations, with false signals, your robot would continue to invest and lose, while a human operator would seize the moment and suspend activity.
The robot forex, as soon as it meets the signals for which it was programmed, opens and closes positions even if profit margins are low and commissions risk to bring zero the account.
Another mistake is the most trivial one if we want: the wrong programming of the software. One vote made the mistake at the start, your robot will continue to repeat it again and again with the possibility of making you lose a lot of money.
In short, trading online is an activity that can pay and also very well but only for those who know how to do it well: the tricks do not work and to succeed you must study and apply. Shortcuts risk ending up with a zero account, and you can't go back from there. Better practice and refine your knowledge, perhaps making small mistakes and suffering small losses, but learning valuable lessons that will certainly increase your nose for business.
According to experts, the following Robot, is considered among the best:
Wall Street Robot, is an automatic trading software, very advanced and reliable. Designed by professional developers, it is suitable for Forex users. It remains active and operational 24 hours a day, without stops or limitations. Successful averages of gains of 10 or 15 pips per trade have been calculated, you can use it with all Forex Brokers that have MetaTrader4 platforms. The software auto-configures itself and remains connected to the supplier's server all the times. The license automatically updates when the software settings are changed. Having a Robot that is always up to date is a great advantage for those who have to work constantly at any time of day.
Its scalping strategy is low risk, follows price trends in the short to medium term. Its an algorithm automatically calculates the volume of trade according to the percentage of risk. S can also activate, which is not insignificant, a procedure to protect itself from lowering or disconnection of electricity.
Wall Street Robot offers many advantages to Forex traders. You can download directly from the website.
Currencies: Eur/Usd, Usd/Chf, Usd/Jpy, Aud/Usd, Nzd/Usd.
Most of the time we Italians need to try a service before we can fully use it: just open a demo account to trade.
Apps for online trading are many, and it is difficult to find the ideal solution without wasting time with non-functional applications. So, we try to make it clear by recommending a range of trader applications to download and test directly with your strategies.
It is much easier to analyze some data through the reading of graphs than the discussion that can arise around simple numerical inputs. Through the graphs it will be possible to monitor information related to volumes and other technical indicators (they are displayed at the base of the graph characterizing the time axis). To give a concrete example, the bands of Bollinger are directly represented on the price graph.
If it is true that more and more people are using online trading to round off their salaries, the market itself owes a lot to the internet and the traders themselves. The reasons why this market attracts more and more attention are that the costs for commissions are very low, not to mention the ease and speed in being able to meet certain economic dynamics (especially for a class of non-specialist people).