The Forex robots are programs or software developed by Forex traders and experts to analyze and operate in the forex market automatically by means of mathematical calculations so that the robot is responsible for opening and closing positions in the forex market as configured.
In just seconds, using mathematical calculations can predict what will happen in the market and thereby open and close positions, although I must say that programs are not perfect because sometimes the forex market is unpredictable, which can also be partial or total loss according to the settings we have given to the robot.
Robots are installed on your computer and should be set, after which they can operate as if they were human operation.
These are compatible with any computer, both desktops and laptops.
These systems work by themselves, but few doubt its long-term efficiency in changing markets. The other is therefore recommended before you experiment on a demo account before using a robot with your real account.
Each robot is different so it is advisable to analyze well the robot, its operations and configurations necessary for good performance, so again recommend learning at least the basics of the forex market.
The psychological part is also important. There are operators who buy robots to ensure that the use will meet the rules of your strategy and will not get carried away. What happens is that they can cut profits at a wrong time and let them run losses without stop loss orders correct.
Aspects to be taken into account when buying a robot:
We can see many vendors of software offers forex robots and many others claim to be free, but slowly if we analyze the forex robot we are going to buy is working properly and know their advantages and disadvantages, as there is no assurance that all functioning properly.
Remember that the seller of a Forex robot, will never give a guarantee if you lose your money using the robot and nothing guarantees that a system may have flaws.
The ideal would initially learn to perform operations on their own because they can not trust all their shares to a robot that could fail at any time and lose their money. You will be responsible for their own mistakes or successes.
There are some very effective robots that generate capital but after a time of high volatility or changes in ranges that day stop working.
You should consider the upgrades and support who can provide the person or company who sold the robot.
It is vital to see if this company or person makes continuous updates to your robot for modifying Irlo to market changes. Most developers create a robot and never sell it again to adjust or improve, so be careful.
Some Forex brokers do not allow the use of robots and blocked, with the brokers that I have understood that there is no problem so far is with Alpari and FXDD, although there are more brokers do not block the robots would recommend to investigate whether your broker or not to allow the use of robots.
There are hundreds of robots, most only work at first, and then not, they have proven to be more constant are the Robot and Robot Forex Fapturbo Megadroid which we’ll talk later if you will get the information I invite you to subscribe to blog by email.