I think that EAs do offer benefits, especially when it comes to emotionless trading and trading for those that don’t have a lot of time on their hands. On the downside, it’s hard to find one that will be profitable in the long term. I wouldn’t put too much faith into an EA, but it’s always possible that it could work out.
I really doubt that it’s possible. I do believe that trading robots can back your income you get from your full-time job but no more. It’s because trading robots don’t think in a way we, humans, do. Instead, they calculate within concrete limits. They can’t go beyond them and therefore, they are unable to come up with a creative solution to a non-standard issue. That’s what only humans do. I’m sure that only trading manually you can become a millionaire, although it’s very difficult.
I believe traders can become millionaires without trading with expert advisors actually. In my opinion, the main thing is to understand how to trade and how to become successful. If you know what to do on the market then you can become successful without any expert advisors. Of course, nowadays traders prefer trading with EAs, however sometimes they are not successful, because trading with EAs require plenty of skills and knowledge. There are some traders who are successful due to trading with EAs, as well as there are such ones who are successful due to trading without EAs. There are plenty of opinions concerning EAs.
Sure, trading can make you rich but to be a millionaire specially and only through trading is a difficult task. It takes time and experience and an impeccable amount of skill to become a millionaire with trading only. It is possible, yes but highly unlikely.
Imo, EAs can really be profitable if the trader knows how to operate them. They are only recommended to experienced traders as it has its limitations and for a newbie to use it, he should know how to trade manually.
I think it is possible to become a millionaire without advisors. This is real because the Forex market has limitless possibilities. Those traders who find several successful strategies and use technical analysis correctly can have a permanent good profit. As for the advisors.... Are excellent assistants to help beginners and professionals to earn more. The main thing is to find the expert advisor, which will be really useful.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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