Is Robot trading safe? I have been using automated trading for quite a few years and now most of my currency and commodity trades are done with EAs (robots). Along the way, I have learned many ea trading skills and knowledge which has contributed to my success.
Some traders are “anti” EAs and even some brokers don’t allow EAs to be used on their platform. In spite of everything negative you may have heard about EA trading, I have found considerable success using EAs on multiple accounts.
EAs are not plug and play. You can not simply install an EA in your trading account and come back a few months later and withdraw your money. It doesn’t work that way.
EA trading requires skills and knowledge just as anything else does in order to achieve success. Risk management is critical to success. The Forex markets are often very volatile and unpredictable, which can lead to unexpected results.
Take it from someone who has been there, done that and has the scars to prove it. Oh, how I wish there had been someone to offer advice about the pitfalls, failures and financial losses that would come my way. In my next post, you will discover 3 steps that will make all the difference in the world to your EA trading adventures.
With proper risk management, EA trading can be profitable, lucrative and enjoyable. There are many positive advantages to adding EA trading skills and knowledge to your abilities and I will discuss those advantages in the next post.
Is robot trading safe will be a question you can answer for yourself. Remember, there are multiple ways to make income from Forex trading. Using EAs is just one of those methods. If you will put in the time and effort, you will come to appreciate semi-automated trading with EAs.