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Forex Robot Truths have been a long time coming. Automated Forex trading robots bare no resemblance to the graphic persona of animated androids that can trade currencies making profit day and night while the real traders sleep or play golf. These automated trading machines in fact are not even machines. They are merely a bunch of computer code written by geeks to reside in the Forex trading platform on your computer and also these days also in the virtual space of external hosting computers. The abilities of automated Forex robots are a far cry from the infallible all seeing all knowing cool calculating currency trading machine with a brain. When the bankrupt State of California elects as Governor an actor whose main claim to fame was portraying an over-sized android exterminator combat machine people clearly believe in dreams and myths rather than the realities of life. The same you could say when the USA elected Ronald Reagan as President and when the Philippines elected Joseph Estrada. Even if Arnie were a real android hulk able to annihilate dastardly villains and machines it would still not qualify him for economics and finance degrees from Princeton. How on Earth could the major state of the union imbue poor old Arnie with an intellect like Keynes? Still people believe what they want to believe no matter how far fetched the plot. Maybe California should call in Dirty Harry? If there were a true alien invasion from outer space people would elect an actor who played a role of in any similar plot movie. The truth about Forex trading robots is they are not wizards - rather they are simple folk; plain old computer programs not android looking machines. Still there is a place for automated trading robots in the world of Forex. There is no professional Forex trader whom I know of not employing at least one or a number of Forex trading robots to assist their manual trading. Computer programs designed to calculate formula and execute trading orders at blinding speeds are an essential tool for professional Forex traders today. Before Forex trading became electronic and prior to the internet Forex trading was restricted to the banks and major corporations. If you wanted to buy or sell a currency you had to make a phone call. Unless you were Superman able to hop into a phone booth in a flash there was no such thing as an instant order execution. Today the Forex world is light years ahead of where it was less than 20 years ago. Still the automated Forex trading robots have not yet evolved to being infallible. Like their human counterparts trading robots can not win every trade. Markets are fickle and unpredictable - to an extent. Computerized programs modeling economic variables, inputting data constantly can analyze market situations and come up with high probability trades. The trading robots can figure the odds of winning to a degree far more accurate than any human. Having a computer make trading decisions in Forex markets is much quicker than trading manually and without emotion. Emotion is often the cause of bad decisions by human traders and delay pressing the button. Quite often a trader might have a view about market

direction but it runs away before they can summon the nerve to place an order. Forex trading robots have no difficulty clicking the trigger when a target is insight. Yet Forex robots have a bad reputation in some quarters - mostly because novice traders do not understand the limitations of trading robots and how best to use them. Also the hype marketing trading robots to a gullible public that they are financial salvation ensures that consumers will be often disappointed with actual trading performance. The emotive marketing nonsense trotted out to the poorly educated, ill-informed, inexperienced and desperate people does create cognitive dissonance for consumers. Still Forex trading robots really are excellent trading tools for Forex markets. The number of variables to be input is fewer and far simpler than for share market trading. So market emulations can be pretty close. A good program can replicate many market scenarios and place orders correctly - using stops and ensuring sound money management - such as not risking more on a trade than what is the potential profit to be gained. The fact that computers calculate at blinding speeds is why professional Forex traders utilize Forex robots. Not necessarily because the robot decisions are better than a manual trader. However it is unlikely a novice trader could make decision better than any of the top Forex robots. The best way to utilize Forex trading robots is to employ a team with each individual Forex robot being suited to a specific type of market. At least one for trend trading and one for range trading is essential. Do not expect the Holy Grail when you purchase your first Forex robot and do not imagine that it will always win. Forex trading whether it be performed manually or by an automated Forex robot involves risk and uncertainty. To become a successful Forex trader you must develop a successful trading system. That is what Forex robots are. They are a computerized program of successful trading systems. They do not guarantee a win in all trades or all market situations. However they do provide a way of quickly calculating high probability trading opportunities and fast order execution. Forex robots are not Gods and they still follow the old computing adage of Lord GIGO - garbage in, garbage out. Lamentably many purchasers of Forex robots forget about the garbage out. But like they say in the land of Forex robots do not throw the android out with the bath water. Be patient, conserve capital and don't put all your eggs on the one Forex robot.

Paul trades Forex for a living. These days it is essential to employ Forex Trading Robots to process currency market data, calculate high profitability trades and have blinding speed order execution. Learn more about today's essential trading technology at the blog-sites &

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