What is Forex Robot?
What is Forex Robot is a part of Forex Trading with Expert Advisors course + 30 Best Strategies (Every Month). Enroll in the course here: https://eaforexacademy.com/courses/algorithmic-trading/forex-trading-with-robots-last-month-top-eas/.
What is a Forex Robot?
Let's start with what the Forex market is. It is the largest market in the world, and we have transactions totaling over $5 trillion daily.
Who are the participants?
Banks, traders and investors, hedge funds, big companies, and institutions that convert one currency to another. All of that makes the currency pairs move up and down, and this is what we use as retail traders.
We speculate on the price movements to make profits.
Now, there are 2 ways to do it - manually and automatically.
Manual trading is more common for retail traders. But the huge institutions and the banks use algorithmic trading. This is why algo trading prevails in global trading.
But retail traders use manual trading more often because this is what the various brokers teach. The brokers are huge companies that offer trading platforms and that we use to access the market.
They usually put some primary manual trading education on their websites, but this is not enough to make it profitable. Their aim is just to get you open an account with them so you can deposit your money with them.
And don't get me wrong, there are profitable strategies for manual trading. I use some, and I show them in some of my courses.
But the problem is that beginner traders can be very emotional when they do manual trading, and usually, this causes them to lose money, not necessarily the strategy they follow.
So what is a Forex trading Robot?
It is a trading strategy that is automated. Every strategy has entry and exit rules. These are indicators and signals that traders follow to have an idea of when to buy and when to sell an asset.
But instead of looking at various charts all day long, we can use Robots to execute these strategies for us.
And in the next lecture, I will tell you why I trade with many Robots and not just one.
And the trading Robots are capable of much more than the human trader.
Let's have a look at a strategy with 4 entry rules and 2 exit rules.
These are 4 indicators that we have to look at. We have to be in front of our computer to wait for the 4 indicators to confirm before taking the trade.
What if we have 2 strategies with 6 indicators each? How about 10 strategies? Can you follow 60 indicators with your eyes?
I guess some people can. I have done it.
It was difficult and time-consuming and exhausting. But I don't need to do it anymore because now I have Trading Robots that can execute these strategies for me.
When you use a trading strategy manually, it is very difficult to follow it for more than 8 to 10 hours.
But when trading with Expert Advisors, this is the other name for Trading Robots, you can trade many strategies 24 hours from Monday to Friday, something that is not possible for the human brain.
What is Forex Robot and the course are included in our Packages:
https://eaforexacademy.com/packages/trading-software/
The Expert Advisors in the course are created with the following program:
★ Forex Strategy Builder Pro - 2 weeks trial:
https://eaforexacademy.com/software/forex-strategy-builder-professional/
★ Test EA Studio with a 15-days trial and get the FREE course:
https://eaforexacademy.com/software/expert-advisor-studio/
� If you have any questions about what is Forex Robot, please, write in our trading Forum.
https://eaforexacademy.com/forums/forum/general/
Our online algorithmic trading courses:
https://eaforexacademy.com/courses/algorithmic-trading/
Let’s connect on social:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
What is a Forex Robot?
Let's start with what the Forex market is. It is the largest market in the world, and we have transactions totaling over $5 trillion daily.
Who are the participants?
Banks, traders and investors, hedge funds, big companies, and institutions that convert one currency to another. All of that makes the currency pairs move up and down, and this is what we use as retail traders.
We speculate on the price movements to make profits.
Now, there are 2 ways to do it - manually and automatically.
Manual trading is more common for retail traders. But the huge institutions and the banks use algorithmic trading. This is why algo trading prevails in global trading.
But retail traders use manual trading more often because this is what the various brokers teach. The brokers are huge companies that offer trading platforms and that we use to access the market.
They usually put some primary manual trading education on their websites, but this is not enough to make it profitable. Their aim is just to get you open an account with them so you can deposit your money with them.
And don't get me wrong, there are profitable strategies for manual trading. I use some, and I show them in some of my courses.
But the problem is that beginner traders can be very emotional when they do manual trading, and usually, this causes them to lose money, not necessarily the strategy they follow.
So what is a Forex trading Robot?
It is a trading strategy that is automated. Every strategy has entry and exit rules. These are indicators and signals that traders follow to have an idea of when to buy and when to sell an asset.
But instead of looking at various charts all day long, we can use Robots to execute these strategies for us.
And in the next lecture, I will tell you why I trade with many Robots and not just one.
And the trading Robots are capable of much more than the human trader.
Let's have a look at a strategy with 4 entry rules and 2 exit rules.
These are 4 indicators that we have to look at. We have to be in front of our computer to wait for the 4 indicators to confirm before taking the trade.
What if we have 2 strategies with 6 indicators each? How about 10 strategies? Can you follow 60 indicators with your eyes?
I guess some people can. I have done it.
It was difficult and time-consuming and exhausting. But I don't need to do it anymore because now I have Trading Robots that can execute these strategies for me.
When you use a trading strategy manually, it is very difficult to follow it for more than 8 to 10 hours.
But when trading with Expert Advisors, this is the other name for Trading Robots, you can trade many strategies 24 hours from Monday to Friday, something that is not possible for the human brain.
What is Forex Robot and the course are included in our Packages:
https://eaforexacademy.com/packages/trading-software/
The Expert Advisors in the course are created with the following program:
★ Forex Strategy Builder Pro - 2 weeks trial:
https://eaforexacademy.com/software/forex-strategy-builder-professional/
★ Test EA Studio with a 15-days trial and get the FREE course:
https://eaforexacademy.com/software/expert-advisor-studio/
� If you have any questions about what is Forex Robot, please, write in our trading Forum.
https://eaforexacademy.com/forums/forum/general/
Our online algorithmic trading courses:
https://eaforexacademy.com/courses/algorithmic-trading/
Let’s connect on social:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
