Who said "The robots are coming?" Maybe Paul Revere muttered a few words like that - and now they have arrived. Brigade Troops automated Forex trading have descended upon the world of commerce.
There are many variations of work:
Not the standard slave - walking out of the pool each day or night, eking out a pittance. And there is a life of leisure, leaving a robot to work in place while you do other things. One might expect that a new fad hits the streets every man and his robot are now trading the currency market. However, not all robots are equal. Like buying a horse - make sure you have a good
Trade robots now make it possible for the average person a full time trader. You can earn a permanent income to play golf - unless you are like Tiger Woods and have given that up for awhile. Just turn on the robot change operations and head to the first tee.
You can give up your day job for a game of golf, while the robot fully automated Forex trading slaves away at the working face to make money for you. And with remote control that they will never visit the office accommodation or even touch the computer. Just go to the bank and collect money trading robots can shovel into your account ..
This is due to the fact that the robot is not human - and no creator. So by itself is not going to find solutions that a human mind can be at times to solve problems. A robot is essentially a simple data processing. One thing you can do a job much faster than the human brain - but can only process waste according to the system is programmed to. In times of catastrophic events - breaking world news and market panic trading robot may not be left alone in the room. But 99 percent of the time of a commercial robot should be able to work better than a human.
This is for two reasons.
1) The robots are devoid of emotion. When a human is trading manual is impossible to avoid the emotion - and that can sometimes be a murderer.
2) The robots can process data much more than a human being and respond much more quickly - faster ordering in and out of markets in an instant. When it comes to speed of commercial robots are like lightning - unless the data coming to it's confused. (On the rare occasions when unable)
In short: do not try to compete against the trading robots. Professional traders use trading robots. This does not mean that there is still a lot of manual trading activity. But the big boys and play with toy robot - and let the robots do the calculation and execution.
Whether you are using a trading robot or manual trading post for the essential ingredient for the success of trading is money management. Never trade more money than you can afford to lose. Lower Risk money as possible on each transaction - so keep your capital Take your losses quickly - limit the amount they give to the market so that your capital is not significantly depleted by any one trade. If you're in a slump - a slump - take time off from the markets. Go play a round of golf and clear your head for a while so you can return a cooler day. The same applies if the trading robot does not perform well on a particular occasion.