So, what are the 3 advantages of EA trading? Why should you use robots to grow your Forex account? Isn’t is safer to make manual trades? Good question! Let’s take a closer look at the 3 advantages of Robot trading.
1. Robot trading frees up your personal time. As everyone knows, the Forex market is open 24 hours, 5 days a week. New traders often find trading charts to be addictive and spend hours watching candlesticks move up and down. But, ask yourself if that’s really the lifestyle that enticed you to become a Forex trader? Robots, on the other hand, can follow charts 24 hours a day and that frees up your time to do the things you would rather do.
2. Robot trading takes away the emotional aspect of manual trading. Money is a very emotional subject. And when your money is on the line, all kinds of emotions come into play, such as greed, hope and fear. Emotional trading leads to mistakes in analysis and losing trades. Trading robots have no emotions and will only take trades based on the given parameters and settings. Maybe you’re a novice or complete newbie in Forex. Trading a demo account, you won’t experience the potentially devastating emotions of trading with real money.
3. Robots can trade multiple assets. That’s right! Choose your currency, crypto, commodity or stock cfd and let the EA grow your Forex account. It’s not easy to manaully trade multiple assets and requires a vast amount of experience. But, with robots, there is literally no limit to the number of charts you can have open at the same time. Your only limitation is the amount of funds you have in your account, as discussed in the previous post “3 Tips on EA Risk Management“.
As stated before, EAs or robots are not the “holy grail”. You should not consider robot trading to be a get rich quick scheme. But, with proper education and management, you can definitley use robots to grow your Forex account. I have used robots successfully for the past 5 years and 80% -90% of my trades are done with robots. It has given me the lifetyle that I enjoy and wish for others to experience. If you have comments or question, I would love to hear from you.