Truth about Automated Forex Trading
Let's think this through for a second: why do you think that banks and institutions do not use the super money-making forex robots advertised everywhere on the net?
Because they do not work! Those forex robots do well only when the market conditions are programmed for are present, but when the market changes they loose everything they earned and even more!
Now I am not saying that profitable forex robots do not exist. On the contrary they do exist but:
1)who has created one does not sell it!
2)You still need a trader to keep an eye on the robot and optimize it continuously as the market changes.
So to be profitable with forex robots you need to be already a trader PLUS you need to know about programming!!
Funny enough newbies start with robots instead of learning how to trade first.
Automating your strategy should be the final step of you trading path and not the beginning.
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