WHAT ARE ROBOTS?

the forex market is a very profitable market. but many may not have time to learn the guiding fundamental principles that would increase their probability of being successful. but, with robots busy people can also trade  and earn some money. But, what are  robots?

FOREX ROBOTS

in my own opinion  robots are automated software that can trade the fx market. robots are programed to make complex trading decision in the absence or presence of the human trader.  robots can be compared to video game software that is programed to play games against a person, so that on a boring day anyone can sit back play a game and waste his or her time.

just like everything  robots have there advantages and disadvantages, let see some.

ADVANTAGES OF  ROBOTS

To be a successful trader a person has to trade according to his or her personality and  robots fit into the personality of almost everyone. all a person needs to do is buy them, install them, use them and than relax and they do all the work.  robots can trade all through the year. now let's look at the disadvantages

DISADVANTAGES OF  ROBOTS

to use  robots well one must know about the  market and this is a disadvantage for people who may not have time to patiently learn the principles behind trading decisions, let's be realistic if one knows nothing about the market how does he or she know his not being sold a fake  robot and how sensible is it to invest your hard earn money into something you know nothing about. so one needs at least a basic education about  trading to use  robots effectively.

robots make money but they also loss money. many  robots sales people online say their  robots is the best and promise huge profits if one buys the robot, don't get me wrong good  robots do make huge profits, but not all promise about a  robot is true, in my own opinion the great number of unsuccessful  traders who use  robots show that some  robots can actually make one loss all his or her trading money.

also the foreign exchang market is dynamic and not all  robots may have being programed to adapt to it's erratic nature. this could lead to loss of money or missing profitable trading opportunities. Also,  robots are very expensive.

thanks for reading