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
the new Forex trader always try to bring profit with no learning , they think its a place to bring profit very rapidly but of course you must learn first of all. otherwise trading can be useless. thank you
Unfortunately, nobody can solve your problems for you in trading. The thing is that there is much individual in trading. As they say, one man's meat is another man's poison, so, all of the traders have different experience and preferences, therefore, you should take every piece of advice really carefully and give everything the benefit of the doubt. You'd better start with demo account and test the trading strategies which you come across online in order to avoid wasting money on trash.
If you are new to trading, you'd better not start with trading bots and algotrading. You shouldn't have the illusions that trading bots are able to become the source of passive income, They should always be controlled because of the fact that they can ruin your budget very easily and fast. More than that, there is no perfect trading bots in the world. Every robot has its own pecularities and weaks and strong point. An algotrader shouldunderstand those characteristic features and take decisions accordingly. The best way is to build the trading bots on your own in order to have a clear cut idea of what their good and bad points are and how to modify them in line with your trading strategy and with your own perception of trading.
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.
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