Forex Trading-Manual vs Robot
Forex robot or EA is an automatic trading program that executes a trade without any human involvement. However, EA doesn’t have human thinking ability or any kind of emotion. Keep in mind that with automated trading, robots can only make decisions based on the settings programmed into the platform. I prefer manual trading. I can make and can change on any market condition. Also, my broker Eurotrader educational course taught me all the steps that I need to master forex trading.
Forex trading EAs or robots are made by programmer on the basis of given strategy. And there is no strategy that work in all type of markets. You need to up date your strategy according to the market situation. When you use someone else robot, you are just blindly following someone. Robot is good if you can make it yourself as I do. There is another problem not every broker allows using robot. But I can use my robot with Eurotrader as they allow robot trading.
Most people have failed in forex market because of no knowledge about forex. In spite of that there are so many reasons to fail in the forex market. Some of them are Emotionally trading in the forex market, greediness, lack of knowledge, choosing wrong decisions, choosing wrong broker etc. Most of the traders fail in forex market because of choosing wrong broker. Brokers play an important role in successful trading. I am trading with Forex4you. They help me to make profit consistently by giving low spreads and high leverage. I love their trading strategy and all facilities they are given.
If you do not know about Forex trading, then trading will be very difficult. So no matter how many robots you work with as a trader, you need to know. I never work with robots I try to work with market sentiment. The Eurotrader Research Center helps me a lot in building knowledge.
It is the best time to join in forex trading. Due to COVID-19 trading activity of forex market increase. Many people are looking for earning sources online. Forex trading is the best way to earn money online. Brokers also offering more facilities to attract traders to the market. I also join the market in 2020. My broker Forex4you offers me low spreads, high leverage, fast withdrawal process, most popular trading platform MT4, and MT5, and many more.
Most individuals don't understand that for forex trading you require incredible learning and capacities. They expect that trading is just acquiring and offering money related measures. They take in some marker based procedures and deduce that it will help them to get rich overnight. They don't attempt to grasp the market and market mind investigate. You can't get accomplishment in case you are not skilled. I trade with TP Global FX broker. I am here in this broker since it is a regulated broker and has tight spreads. I likewise can withdraw my cash quickly.
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