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What is a robot?
Mar 16, 2021 at 10:21
Mitglied seit Apr 01, 2020
227 Posts
In Forex we know that many people use robots, is it possible to make profit all the time by using robots and is there a lot of capital available from using robots. Does Forex have the legitimacy to use robots?
I expect the right answer from everyone who uses robots to break the law in Forex.
I expect the right answer from everyone who uses robots to break the law in Forex.
Mitglied seit Nov 06, 2018
81 Posts
Mitglied seit Jul 23, 2020
696 Posts
Apr 02, 2021 at 16:38
Mitglied seit Jul 23, 2020
696 Posts
PeteLanceley posted:
It is a bot that will trade for you on your behalf automatically.
Most bots are terrible, so I wouldn't bother.
You aren't breaking the law by using one.
True. EA is good in same sense. But I prefer manual trading.
Mitglied seit Mar 16, 2021
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Mitglied seit Jul 20, 2020
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Oct 11, 2021 at 00:32
Mitglied seit Apr 03, 2021
437 Posts
Yes, I think good beginner learn manually rather than relying on robot, but sometimes not all trader can work profitable although already have more experience, using robot trading is one way as investor trader want to make money from forex business, another way for investor trader is looking social trading and looking, good PAMM trader.
Mitglied seit Apr 09, 2019
516 Posts
Oct 12, 2021 at 08:11
Mitglied seit Apr 09, 2019
516 Posts
FXOday posted:
Yes, I think good beginner learn manually rather than relying on robot, but sometimes not all trader can work profitable although already have more experience, using robot trading is one way as investor trader want to make money from forex business, another way for investor trader is looking social trading and looking, good PAMM trader.
Completely agree. I started out using an EA without any real knowledge of trading and was relying on what others told me I should be doing. This led to many mistakes, money being lost and some ropey account management. I was naiive in thinking it was as easy as that. Learning to trade for yourself is far more rewarding in terms of finances but in terms of personal development also.
If you can't spot the liquidity then you are the liquidity.
Oct 12, 2021 at 09:43
Mitglied seit Jul 27, 2020
99 Posts
They are very common in forex broker and no, there is no law saying that you shouldn't use it. You are allowed to use it.
Although, I will say that you are better off trying on your own since you can grow and improve on your own. But I respect a choice for taking bot trading.
Although, I will say that you are better off trying on your own since you can grow and improve on your own. But I respect a choice for taking bot trading.
Mitglied seit Jun 21, 2021
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Mitglied seit Feb 14, 2021
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Oct 16, 2021 at 02:58
Mitglied seit Feb 14, 2021
2 Posts
Williamfreed posted:
Robot trading is not trading, and successful traders believe in themselves, and ultimately one needs to trust in themselves in order to become a good trader, and you are right that robot trading is very risky.
I disagree with your comment....
Robot trading is an extension to your self to trade 24hrs/daily. Even you are away from the chart, thru robot you still can trade and have consistent profit.
You know why I am commenting you this? because I am a robot user with consistent result since past 2 years until now and this robot giving me 10% return every month.
Lets grow our wealth together under one umbrella - WealthAccess
Mitglied seit Feb 14, 2021
2 Posts
Oct 21, 2021 at 02:48
Mitglied seit Feb 14, 2021
2 Posts
Unellene posted:
it is better not to rely on robots in your work, only on yourself and your decisions
How can I dont rely on robot if you have consistent profit for past 2years until now?
What is your concrete reason why you enter in trading business in the first place?
Because mine is to have a consistent profit...
Lets grow our wealth together under one umbrella - WealthAccess
Mitglied seit Jun 17, 2021
11 Posts

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