I would really prefer to be honest with you about forex trading bots (someone should be). I'm sure if you surfed the forex websites enough, you might have perhaps heard of forex trading bots, and are utterly amazed at what they can perform.

They are heralded as the holy grail (don't you just love that will word? ) of trading. I can certainly understand why that could be the case. After all, you are talking about a piece of software that will instantly trade the forex market for you. Who wouldn't just love in which? The harsh truth is that there just aren't that many traders getting success with forex trading bots. When you think about it, it makes sense.

You can't anticipate the markets to be "programmable". Each new day, the market provides something new to the table. It can't be traded on autopilot. It requires human interpretation.

Stop and think about all the important information that happens during a 24 hour period. Depending on the news that arrives, it will have a positive or negative effect on a given currency set. Do you really believe that a trading robot is going to be perceptive sufficient to grasp the news and trade it accordingly?

Quite frankly, individuals are drawn to forex trading bots simply because the pressure isn't within the person to trade successfully. It's on the robot. It can just a convenient shortcut. If the vast majority of them worked, that will be one thing. But since most don't, it's time you realize that should you want success in forex, you are going to have to get your hands unclean.

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