Trading With a Forex Robot: You Don't Need Nerves of Steel To Make Money

4) Just about all the currency pairs available to the robot.

5) Robot will shop 24 / 7, depending on the settings you choose for it.

5) Robot will shop 24 / 7, depending on the settings you choose for it.

7) Robots offer risk management, which can be difficult to determine to determine when trading manually. You can also set a trailing stop, which can reduce the loss.

7) Robots offer risk management, which can be difficult to determine to determine when trading manually. You can also set a trailing stop, which can reduce the loss.

There are a few cautions, however:

1) You May not need to know anything about Forex, but it's a good idea to at least know the basics. You should keep track of what's happening in the economies of countries whose currency pairs you have chosen and be prepared for sudden changes of direction. You may need to borrow a little "guidance" on the robot during a crisis.

2) Some brokers do not like robots. Select a robot that can make yourself "invisible" to them. Developers can cause you to randomly exit the trade before profit and stop loss levels achieved

3) Always put a robot in a trial account. Do not move until you consistently make money over time. You can adjust your settings until you begin to consistently make money for at least a month. Transfer to the "live" account, but watch it carefully.

3) Always put a robot in a trial account. Do not move until you consistently make money over time. You can adjust your settings until you begin to consistently make money for at least a month. Transfer to the "live" account, but watch it carefully.

4) Robot should run 24 hours a day, it means that your connection that is fast and does not puca.Najbolje through cable or satellite, it almost goes without saying that you should not try to dial-up. If this is the only option you have available, you can subscribe to the VPS (Virtual Private Server), but with it can sometimes be very cumbersome due to the delay. Check it often to make sure that you have a connection.

5) On days of high volatility, the robot may not trade. It is a tool, and should not attempt to override or second guess it.

Selection of Robot

the best thing to do in choosing a robot to read the reviews on the web, although many of them are just sales ploys. Select two or three robots with a broker who offer low spreads and run them on trial accounts. Select a robot that looks like it would at least losing trades and try to live account with a minimum investment and recommended parameters (if you can find them.) If the same behavior at a live account, such as experienced in the trial account, you may be a winner.