Avoid the pitfalls of forex trading robots

[marcopolo]

Forex trading robots have become a popular tool in the personal forex market. They’re often attractively priced and are marketed as ‘Expert Advisors’ that can operate on many of the favoured trading platforms. However, an increasing number of traders have been left disappointed with the purchase of their automated forex trading program that ends up performing well below expectations, which leaves them feeling cheated and even results in claims of fraud.

 

Sold on profits

 

Anybody with a product to sell will focus on the product’s most attractive features to get you to buy it, and that is especially true about automated trading products. Often, they’re presented as offering the path to financial freedom and being easy to use; claims that are backed up by historical trading profits and glowing testimonials from seemingly satisfied users. In reality, the evidence of their success is just a small sample of trading when the software enjoyed a profitable spell and leaves out the less impressive other periods which more accurately reflect its true capabilities and how it performs for most of the traders who buy it.

 

More details : Avoid the pitfalls of forex trading robots

[Ross Edwards]

I am also big admirer of forex robot service. I use AAFX’s platform for my trading. They provide me some super affective forex robots which I use when I am unable for trading. As we all know that every cloud has silver lining, forex robot system also has some common pitfall. If you want to be an efficient earner you must try to find all those lope hole and fix it for your own betterment.

[Noah Jackson]

Recently forex robot has become popular in forex industry. I have joined a broker who also have this trading robot facility. This is TopFX24. This trading broker has 7 different type of trading account. So, if I change my trading style I can still trade with this broker. All their trading platform are MT4 supported. They are best in their 24/5 multilingual trading services. I am comfortable with over 2100 trading instruments in their ECN platform.

 

[Jo Eshuijs]

Leverage is good for the traders that have small capitals as it help them to make some profits. I start my trading career with Forex4you who offers 1000:1 leverage facility which is very high. But high leverage is harmful as it encourage the trader to be greedy and so this will lead to bad results that is big loss or margin call, so trading with the suitable leverage is the best for the trader to trade properly without increasing the risk. I control myself and using leverage very wisely.

[Billy Jury]

I count FreshForex as a top forex broker among other top level brokers in this huge industry. I am doing trading with them since 1 years and I do not have any issues with the facilities or services. This is so much for me to get their support whenever I want. They regularly announce many promotional offers so I could get earn more money from my expectation.
I started with their no deposit bonus and was able to earn profits from it. I also decided to deposit money from my pocket to expand my trading capacity. There is no issue so far, every thing is smooth, especially the execution of trades. No intervention whatsoever.