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TopicForex Day Trading With a Forex Trading Mentor

  • Mon 23rd Apr 2018 - 1:33pm

    The bare-bones variety is called Forex signal Pips Wizard Pro Review software; these are programs that analyze the Forex market for profitable opportunities and signpost when you should buy in and sell out of particular investments. A wide variety of Forex signal programs are available, some more reliable than others: a few particularly good ones can add consistent growth to your equity. However, there is a dark side to this particular kind of Forex software: they do not actually perform any trades on their own. To actually profit using a Forex signal program, you must constantly monitor the software and act on its information, a task made more difficult by the fact that the Forex market is open 24/7; unlike the stock exchange, there is no closing bell for currency trading. It's possible to make money with these programs, but you absolutely must be able to spend some time to trade, perhaps keeping odd hours to keep up with the market.

    The second variety, and the one most people think of, are expert advisors, also known as "Forex robots". These robots have their cousins' ability to analyze the Forex market and identify optimal trading opportunities, but they can also execute trades without any human input whatsoever: not only can these programs take much of the drudge work out of reading the market's movements, but they can trade in your place all day and all night, eliminating the need for long hours spent watching the market.

    The logical conclusion that can be reached from this is that most people will find it easier and more convenient to profit using a fully-automated Forex robot; claims of their incredible reliability and uncanny ability to identify profitable trades are frequently backed up by live trading results and success stories, and further still, they can trade even when their user is not physically in front of the computer.

     

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