Hi,
I have a little questions about forex. we saw that there have been most forex robot, program for traffic in forex in autopilot.
1. Do they work? If yes, that is (or that are) a best(s) in a world?
2. Can they means a income loss?
3. I’d wish to proceed to trade. If we make use of a single of these robots can we revoke a risk?
Thank you.
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Comments: One comment
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Felix_FINA4242
November 6th, 2009 at 8:29 pm
Automated strategies in the foreign exchange market can best be implemented by large institutional investors (Goldman Sachs, etc.). It is quite doubtful that your retail autopilot strategy will consistently make money. The problem with any automated strategy is that it 100% predictable. In other words, Goldman Sachs will anticipate your trading behavior based on your forex robot and front-run your trades if they seem to be profitable.
You can certainly loose money buy following an automated trading strategy.
Using a forex robot can help you offset risk if you already have other forex exposure. Otherwise you are taking on more risk.
Good luck!
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