Automated Trading

Trading using automated robots called expert advisors is very easy nowadays. Anyone without skills of professional traders can set up a robot and trade on the financial markets like Forex. Some companies offer paid software together with customer support to take care of their clients and not all of them are complete scam. Moreover, there are a lot of completely free expert
advisors but it usually takes more time to figure out how to set them up properly. Automated trading is a way to go for traders without much experience of financial markets.
Automated trading can bring relatively stable positive results. The only thing that a trader should do properly with a robot is to set up a correct risk management. Too high risk burns the account sooner or later anyway. However, low risk takes a long time for any tangible income to appear. It is also very important keep the robots up to date because they lose their advantage over time.

Expert advisors usually use trading methods that are hard to achieve by hand. They can open and close many trades intra day and most of them would have just a slight advantage. However, it is still much better than nothing.
Automated robots usually do not use news or charts in their trading. Although it is possible to make such a robot but on practice it is very hard to accomplish. Software can’t see the charts like humans do just because it is impossible for a program to evaluate the beauty in the paintings. However, they are very accurate at math and can take small edges where people couldn’t see any.

Happy Trading...