I think researching on specific pair can help to understand price pattern of that pair. Every pair has its own unique characteristics. If you can find out that you don't even need too many pairs to trade. Only one or two pairs can be sufficient.
Personally I don't really like to use robots because I just don't trust it. Of course, I do think there are some legit ones out there so a lot of research and verified user reviews would make me feel more confident if I were to decide to use one.
Every new trader should start with demo trading, It will helps to lean and develop trading skills. when you feel have good knowledge of trading then you can start live trading. It will reduce the risk of loss.
djstick posted: Hello everyone, as the title says I'm new to trading. I have been studying relentlessly over the past few weeks everything I can about trading. I am familiar with most technical terms, software and the best brokers out there to begin my trading career such as XM or FBS but I'm afraid my lack of experience will lead me to a black hole and end up losing my hard earned money, so I decided that for now I should get a nice and reliable robot to start my trading life while I continue to develop my trading skills. I've been googling for robots for a few days now and so far I have my target set on 3 but I still have doubts if they are legit or scams. I've heard that there are a lot of scam robots these days and life has taught me to be pragmatic and critical when the offer sounds too good to be true. They are EA PIP Scalper, GPS Robot and AlgoFX. I know that GPS and Algofx are the top most followed systems on this website so that is a relief but still I wanted to hear input from the most experienced guys out there what are their thoughts about this. Any experience trader could help me with that? Much appreciated. Have a nice day and good profits to you all.
Robots can be very nice, but never lose sight of the fact they still hold risk of losing your money
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
Todos los datos y la información se proporcionan "tal cual" con fines informativos únicamente y no están destinados a fines comerciales o de recomendación.
Los resultados pasados no son indicativos de los resultados futuros.