Forex Market Automated Trading - Forex Trading Robots: Forex trading robots have taken the trading community by storm. It’s all you hear about on forex forum, chat rooms, etc. But let me ask you one question. Do you know anyone who is actually making money with them?
It certainly has become like the great holy grail myth, hasn’t it? After all, who wouldn’t love the idea of having an automated trading system do all the work for you? Unfortunately that’s not how trading really works.
For starters, the markets are not programmable. They are living, breathing things that need actual human attention. You can’t expect to slap a code on top of it and expect to be rich. I know I may be shattering some dreams here, but it’s the truth.
Just think about how much news hits the forex market every single day. Do you really think that the trading robot is going to be intuitive enough to be able to follow any of this information that is coming out? I don’t think so. After all, most humans have a hard enough time following it, let alone an inanimate object.
These are simply just shortcuts, and like most shortcuts, they just don’t pan out in the long term. Sure, you might get the occasional week where you make a profit. Who knows, you may even have a good month. But it eventually crumbs. It always seems to when you are talking about forex trading robots. If you don’t believe me, you can check out just about any forex forum. They have hundreds of threads dedicated to this subject.
After you get rid of all these shortcuts, its time that you really learn how to trade.
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