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I am sure that bots will never cope with stock market analysis better than a competent broker. Experience and intuition are things that are not available to a computer program. I am very successful in trading futures on https://www.CanadianFuturesTrader.ca/deal. And I have noticed more than once that some traders are lazy and activate bots. They lose a lot of money this way. However, I don't mind it. This makes it easy for me to earn an extra thousand. But those who want to make money on the stock market should still study economics and do it themselves.
Last edited by csaroboll; 01-31-2022 at 07:10 PM.
Automated forex trading software runs on a program that analyzes currency price charts and other market activity over multiple time frames. The software identifies signals - including spread differences, price trends, and news that may affect the market - to locate potentially profitable currency pair trades.
For currency speculators who trade not based on interest rates but on currency spreads, automated software can be very effective because the price difference is immediately apparent and the trading system reads the information and executes the trade.
Automated forex trading is an algorithm-based, hands-off approach to trading. An automated trader is a computer program that analyzes price patterns, decides whether to buy or sell, and execute trades. Institutional traders have been using algorithmic trading for some time.
Automated trading is a method of participating in financial markets through the use of programs that enforce pre-set rules for entering and exiting trades. As a trader, you combine comprehensive technical analysis with setting parameters for your positions, such as opening orders, trailing stops and guaranteed stops.