Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Do Trading Robots Really Help You Make Money on Forex?


June 16, 2021 ( Newswire) Forex is a network of thousands of connected platforms of banks and brokers where thousands of factors form an exchange rate. It is a bit different everywhere, depending on the statements of leading news agencies (such as Reuters) or banks.

You need to be an experienced analyst to predict how the rate will change. The value is influenced by a huge number of factors: politics, world economic situation, news, and even gossip. It is very difficult to study such a layer of information.

Dedicated systems make forecasting easier. The robots analyze the foreign exchange market and inform you when it is a good time to make a deal.

If you are choosing an out-of-the-box robot, go by expert opinions from reliable sources (Myfxbook, NuWire Investor, and so on). When making these ratings, analysts estimate the results of sales in real-time, drawdown, sale strategy, risks, and other factors.

Despite the fact that many stock players are skeptical about such robots, 70-80% of deals are made through them. However, you need to distinguish between complex programs of the leading banks and free robots. The former are developed by professional analysts taking into account lots of nuances, while the latter are usually lossmaking. In both cases, you need to make decisions yourself and develop a strategy. Only then can you order system development or adapt an off-the-shelf robot to your strategy in order to automate or scale your trading.

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions.. More disclaimer info: This article is a third party guest post published content and not the content of Learn more about posting your articles at

Please read privacy policy: