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Making Money With Forex Robots - Is it Realistic?
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If there is one thing that has caught like wildfire within the forex trading community, it would have to be forex robots. So many traders want to know if it's realistic to expect a trader to make money trading them? My answer to that is NO, and all you have to do is look at any forex forum for further proof.

It's obvious that many traders act as if robots are really like the holy grail. I completely understand why they would want to believe this. I mean, after all, I would love to spend my time surfing, while my robot is busy making me millions of dollars. Who wouldn't LOVE that? It's a dream come true.

The main problem though, is that its just not realistic. You have to understand that the forex market is a living, breathing thing. It's just not that programmable. There is as much art as there is science, when it comes to trading. Every new day on the market, there is always something that is happening. You have to be there to roll with the punches. It just can't be outsourced to your trading robot.

Think about how much financial, political, and economic news comes out in a day. You have to know that any kind of unexpected news can, and will, have an affect on a currency. Do you really think a trading robot, is going to be able to grasp the information that comes out and be able to trade it properly? After all, most humans have a hard enough time handling news.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He created a forex trading system called Trading In The Buff.

Article Source: http://EzineArticles.com/?expert=John_Templeton

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Article Submitted On: September 13, 2009



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