The whole definition of automated forex trading is really simple – it is a computer program which is based on complex analyses which helps the process of determination whether to buy or sell the current currency pair at any time. Basically the automatic forex trading uses a special method that allows the trader (you) to teach the program how to make decision based on different signals from the charting tools and technical analysis. As we mentioned above, the trader has to teach the software that will later start trading automatically because it has inherited the habits of the “owner”.
There are many different robots and software that you might be tempted to download for free. As we mentioned above, it might be better to take a look at the list of forex brokers that do not allow such software, simply because you might get a ban for such thing and lose your account.

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At the beginning those types of programs weren’t that good and advanced but as time passes, this software became really intelligent.
All you have to know here is you will have to prepare a small sum for it simply because the algorithms are really complicated and therefore it is not free. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Another important thing you have to know here is that there is no such thing as “Holy Grail” when it comes to Forex trading and this means that buying such software will not guarantee you 100% success.

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. As you can guess, this type of trading might be a bit risky because you are not in front of the PC, but on the other hand, if you are using good software, you can boost your profits and earn money even when you are not in your office.

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