- Forex is the world’s largest market. No one can corner the market.
- Forex markets trade 24hours a day. There is no waiting for the opening bell.
- With a trading volume of around $1.9 trillion dollars a day, no single entity can control the market for an extended period of time.
- Technical analysis works very well and the market trends well.
- You can make big money working only a few hours a day or week on your computer.
- You can trade from anywhere in the world where there is an internet connection.
- You can gain experience without risking your own money by using a free demo account.
- When trading stocks, there are over 40,000 stocks to choose from. In forex, you can choose a few currency pairs and focus on them.
- The forex market is the most liquid in the world. Traders can almost always open or close a position at a fair price.
- Take control of your own finances. Beat the returns from mutual funds, hedge funds or managed funds.
- Start-up costs are low when compared with day trading stocks or futures.
- Forex offers up to 100:1 leverage but it is wise to avoid very high leverage if you can afford it. Stocks offer 1:1 or 2:1.Futures offers 15:1 leverage.
- You can make money when the market is going up or down.
That's Where The Power Comes. 7 Reasons Why To Use a Forex Trading Robot.
Reason #1: Because it’s easy.
There’s no need to know anything about the Forex Market (although this is not recommended at all). Forex Automated Trading Systems are really easy to configure and use. Most of them come pre-ready, people just need to set a couple of parameters and they will be doing trades in the next minute.
Reason #2: Robots do not rest.
Being the Forex Market active 24 hours a day, 5 days a week, it’s impossible for a human to be online for all trades that take place in FX. For a robot this is not a problem, these software could be online all day long the five days of the week doing trades, all they need is their owners to have their PC on all the time or use a VPS.
Reason #3: Consistency
As a complement to Reason #2, robots can be consistent on what they do, they won’t be carried away by emotions and will make trades when the time is right according to their system. There are no “I have a feeling that…”.
Reason #4: Maths and Statistics
Forex Automated Trading Systems base all their judgement about trading on mathematics and statistics. Their software’s algorithms where made to follow trends and generate predictions based purely on numbers. Almost every parameter can be configured depending on the robot (from starting investment to stop loss and more).
Reason #5: Multi-trading
Another amazing thing about Forex Robots, is that they can trade in various scenarios simultaneously, which is a hard task even for the more experienced traders. Robots can be trading in different currency pairs, with different time frames on different brokers, all at the same time.
Reason #6: Laziness
Why bother to learn everything about the FX Market and try to be a successful trader when a robot already is and it can trade for you? Laziness is a virtue.
Reason #7: Help
Most of the Forex Robots can be tested and returned the first 2 months. Even if you’re an experienced trader on the Forex Market, having a robot by your side is your best option. It can be used to compare your thoughts and predictions, and take best decisions.
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