What do you think about automated trading bots for Forex?
To me, it looks like there are some cool automated tools, but so many people ignore them for various reasons. Why is that, and what are the reasons not to use these bots? I thought they’d be easier and more profitable.
Re: What do you think about automated trading bots for Forex?
I, on the other hand, don’t trust automated bots. Sure, they promise to make decisions based on constant market analysis, but who knows? There are plenty of cases where something suddenly happened on the market and the bot didn’t react in time. It’s better to learn how to trade yourself.
Re: What do you think about automated trading bots for Forex?
I also think automated bots are only good as assistants or last-resort helpers. Otherwise, I prefer to rely on myself, my skills, and my knowledge of Forex trading. Besides, I actually enjoy the trading process itself. Like most, I started by choosing a reliable broker, based on article https://www.startupopinions.com/singapore-forex-broker-guide/ by Shrayan Lakhna, which provides an overview of top Singapore brokers, considering all the important details, as well as other trusted resources for traders. So, I have everything I need to trade and gain my own experience.