What Are Forex Robots & Do They Work?

what are forex robots and do they work

What are forex robots? Forex robots are trading systems that run automatically according to a built-in trading algorithm. They can analyse different currency pairs on the forex market for potential trading signals and then place trades on behalf of the user when they find a trade that meets the robot’s criteria. The robot can also manage trades, placing stop losses, take profits, trailing stops, break-evens and close the trade on behalf of the user. There are thousands of free and paid forex robots available online. You can download from various sources such as blogs, forums, commercial sites, brokers and more. …READ MORE