Forex Ea Automated Trading
What’s the Best Forex EA? They Are All Garbage!
Ever since expert advisors came out, traders have been wondering what’s the best forex ea? My answer to them is that they are all garbage. If you can find one that doesn’t crash your account within a month, you should consider yourself really lucky.
Let’s think about this rationally. What is the purpose of a forex ea? It’s to trade the market for you automatically when you are not around. This is somewhat akin to letting your car drive for you on autopilot while you take a nap in the backseat. I know it sounds like I am over exaggerating, but I don’t think that I am. I’m guessing that you work hard for your money, so it seems extremely reckless to let an inanimate object trade for you.
Also, if it was really that simple don’t you think that every trader would do it? No one would be working in wall street. They would just let the automated robots do the trading for them.
I’ll be the first one to admit that our current technology is amazing, however let’s be realistic about this.
Also, the other major drawback to a forex ea is that you have to trust your broker. Think about it, you are not the one opening and closing trades. Your trading robot is. That means you have to trust that your broker to open and close trades based on what a machine is telling them. Talk about your leaps of faith. I have enough of a hard time trusting my broker as it is.
The more you think about it, the more insane these forex EAs sound.
About the Author
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 developed his own course, called Trading in the Buff, where he teaches traders how to properly learn forex price action.
Sidewinder PRO Forex EA MT4 Automated Trading halcyonfx.com
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FOREX Best Selling Trading Robots – Combo Pack, Scalping + Trending Strategies - Trade currencies online 24 hours a day with the same systems the Pros use to profit from the Forex market. Fully automated - No programming required – Plug & Trade. Version 7, with News Filter, for true Set it and Forget it trading $195.00 There is a lot of money to be made in currency trading. Yet most traders lose money in the Forex market. The reason is simple: human emotions get in the way of their strategies. The mental battle between greed and fear is the killer. “I sold too early” (fear), “the price reversed and turned my profits into losses” (greed), are usual excuses traders have for losing their shirt, even though they “kn… |
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Tagged with: automated • ea • forex • robot • trading
Filed under: Trading Forex
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