Don't buy a robot until you read this

[Decub]

A good knowledge of a Forex robot and the way to use it helps a trader to even identify a good one. Not all robots that are in the market, either free or paid are worth the money spent on them. The trader can make money from trading with these sofwares but The fact remains that they are not all good or favourable.

[standart]

robots able to lead traders who has little time to trading to get maximum profit. however, such case happen when robots good and proven profitable. however, though it good, doesn't mean that traders can be greedy and set high margin parameter. traders need to prepare for loss too. so, better they are measuring risk tolerance and set margin per trade which it doesn't exceeded from risk tolerance.

[hilman11]

I never wear a robot when trading

just using my old computer for trading

[Decub]

@hilman, you don't need to wear a robot an even though you are trading with your computer, a robot wouldn't substitute that. A Forex robot is simply a software that allows you trade in your absence. What this means is that it trades for you while you are away, all you have to do is simply program it and allow it do the job.

[standart]

don't buy a robot if it unable to serve a good trading result. if seller provide no demo version, mean robot has bad quality and traders will wasting money if they are buy it. better search reference from other traders or EA tester provider to get reference regarding with the best robot.

[surya77]

you right we must to know more the robot trading ebfore buy and use it, if the expert advisorers can give you more profitable in demo account may you can chose it for use in real forex account.

[budado]

Its not the bot that is the problem. Its us who are using the bot. Are we good enough to make some good income in forex trading. If yes then that means we know how to trade. If we know how to trade then that means we know how to monitor and set up or bots. Problem with many is they think bots are install and run and its going to trade for you. Its not.

[standart]

robots help traders to trade on automatic way. however, when traders has time to trade, better they are perform manual trades. make own analysis and generate own trading decisions. and if traders has no good knowledge and even has no time to trade, they can take advantage from robots or EA.

[budado]

robots help traders to trade on automatic way. however, when traders has time to trade, better they are perform manual trades. make own analysis and generate own trading decisions. and if traders has no good knowledge and even has no time to trade, they can take advantage from robots or EA.

Its help us to have automated trade. But it does not mean its automatic. This is the main reason why so many who uses bots end up losing money. Because they think its automatic. Bots are tools and like all tools its need to be operated properly. I do recommend that we spend more time learning how to trade and make big income then try to find a bot that trade like us so that we can monitor that bot.

[skyrock]

We dont even need to rely on robot when trading in the forex market all that a trader need is for them to always try their possible best and be sure that they develop their skills personally and not to rely on robot because this robot might likely fail at any given time

[myregister]

robots help traders to trade on automatic way. however, when traders has time to trade, better they are perform manual trades. make own analysis and generate own trading decisions. and if traders has no good knowledge and even has no time to trade, they can take advantage from robots or EA.

I insisited that traders should have knowledge about forex trading before take advantages of EA, since EA does not work well also if traders does not have much knowledge to maintiant the problem that could exist later. It is good for your long term before you use robot.

[TradersCloud]

Robots DO work but you must do your research on the robot's reputation, customer reviews and overall win vs. loss trends for the current time period.  There are plenty of sites out there that test and review robots, just use google.

[myregister]

That is why we need some kind of research first, before we buy robot. Blindly choosing robot does not give much profit for us and even brought much loss another reason to do research first, that maybe we got better robot with cheaper price. But overall robot must be in the hand of someone who have extensive knowledge about it.

[pepy]

That is true research is the first thing before buy not just robot but everything. Also many vendors only say that their robot is the best or even give the list of that robot advantages without never mention completely what kind of technique and the most suitable use for that robot, so this could lead to misunderstanding of seller to buyer.

[myregister]

robots help traders to trade on automatic way. however, when traders has time to trade, better they are perform manual trades. make own analysis and generate own trading decisions. and if traders has no good knowledge and even has no time to trade, they can take advantage from robots or EA.

 

This is depend, some robots' result are totally better than those humans who trade. They quickly escalate the capital from hundred to thousands just in few weeks without intervention of humans. But remember robot still robot, it has pre-defined algorithm inside and created by humans, bugs are possible to exist and you should be aware of it.

[pepy]

And this is why we must be be careful with this all, since with that escalation could drop us to hell earlier, do you know what its mean as flash trading. That is one of the worst error in automated trading that resulted to a trader has big loss, even Wall Street dropped so much in just a short time.

[gaban]

i just cant believe in robot, i'm proud with my own skin and i'm not scared to spend all of my time for trading, cause i can earn a money.

[myregister]

You think robot will be always make you a trader who will do any easy trading? Nope, you are wrong if you think like that. Even you proud of your own skin you will be never get any profit if you don't really have a profitable strategy, if a robot has it why don't you want to use it?

[pepy]

@gaban Well you can choose not to believe in robot, but robot proven to be useful depend on how people to use it. One thing you should note that here there are forex robot which doesn't work so well but there are also some which work so well but usually his one has complex way to operate and have its own certain rules.

[myregister]

In this thread i just want to say that buy a robot should have its own guidelines, blindly buy a robot would lead to utter destruction to your account which i think never be a good idea for you. Claims on the blogs or other marketing page should be verified twice. I'd recommend to take a robot from trustable vendor which has big partners.