Olivia.the.jackson Posted May 29, 2023 Share Posted May 29, 2023 What are the pros and cons of using automated trading systems, such as forex robots or expert advisors, in the forex market? How reliable and effective are these systems in generating consistent profits for traders? Link to comment Share on other sites More sharing options...
maspluto Posted May 30, 2023 Share Posted May 30, 2023 Currently, I feel comfortable trading forex manually. Through manual trading, I can experience and understand the process of forex trading. Additionally, I joined Tickmill and utilized the educational resources they provide, which further enhanced my understanding of the forex market. Link to comment Share on other sites More sharing options...
AnalyticsTrade Posted June 4, 2023 Share Posted June 4, 2023 Automated trading systems offer benefits like consistent execution and removal of emotional bias. They can trade 24/7 and provide backtesting capabilities. However, they may struggle with adapting to changing market conditions and can be vulnerable to technical issues. Proper monitoring and risk management are crucial. Link to comment Share on other sites More sharing options...
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