| The Forex market has been flooded with robots | | | | your screen. |
| promising automated returns of up to 70%. The big | | | | When monitoring your trade you can actually close |
| question is, has monitoring your trades become an | | | | your market position when the trade goes against you, |
| outdated or out of the league cliche? | | | | this is not possible with the automated software |
| Let's review this two options in detail. | | | | trading system, it only closes its positions when it |
| Using Robots entails using automated pre-configured | | | | reaches the stop loss you've set for it. |
| software to trade markets using set parameters. In | | | | You learn more when you trade manually, using |
| this case you put your stop loss and profit margin, set | | | | fundamental analysis to your advantage and combining |
| your upward or or downward movement by way of | | | | with technical analysis to beat trends in good time, with |
| buy or sell and leave the software to do the rest. As | | | | this you become experienced by the day. You learn |
| soon as it hits your profit gain or stop loss, | | | | from your losses and take calculated buy or sell calls. |
| automatically it closes the call. | | | | With the robot its usually different, you simply set the |
| Trading by close monitoring however is different, you | | | | parameters you probably would have studied from the |
| have to be by your system to monitor your trades, if | | | | robot manufacturer you purchased it from. |
| you see it going against you, you have the advantage | | | | Considering the fact that these robots are |
| of closing the market abruptly, conversely if you see it | | | | programmed by humans, it should be noted that they |
| going in your favour and you want it to close it before | | | | cannot guarantee efficiency and profitability in Forex |
| it reaches your profit margin, you can close out as well. | | | | Trade. What is recommended is learning the art of |
| While trading Forex with robots gives you extra time | | | | Forex trade manually, studying Forex screens using |
| to concentrate on other issues while your trade is | | | | the demo meta trader account and perfecting the |
| going on, trading manually does actually force you to | | | | game by practicing and using techniques learnt. |
| stay put, invest your time and monitor the trend on | | | | |