Making Money With Forex Expert Advisors
I know that if you have been involved with forex even for a while, I am sure you must have heard of expert forex advisors. Frankly, these trading robots are gaining a lot of hype. But many people wonder if you can make money with expert forex advisors.
Well, I recommend that you review some of the topics in many popular forex forums on the Internet. I'm sure you'll find your answer there. I think you'll find hundreds, if not thousands, of dead forum topics, where operators begin to show these expert advisors and can never get long-term benefits.
Why do you think that is the case?
It's really quite simple. It has to do with the facts that markets are simply not programmable. Beyond that, why the hell would you let a robot do all the trading in your name? How about the fact that you can not trust most currency brokers?
I do not think I'm letting go of any secrets when I say that many forex brokers are known for their somewhat questionable practices. I think we've all experienced the loss loss hunt in our accounts.
How can you trust a broker to accept robot operations? How can you know that you are getting legitimate entry and exit positions?
Also, stop and think about how many news happen during a trading day. Can you really expect a forex expert advisor to be intuitive enough to understand the news that comes up, let alone negotiate it?