Does auto forex trading software work well for both beginners and experts?

[Malvika]

Auto forex trading software is one of the hottest things in the Forex market. It has found lot of use and important place in otherwise aggressive market of currency trading. Many people are using this software across the globe and they report to have benefited from the software. Forex market is a demanding market and traders are in constant search of expert guidance which is tirelessly available to them round the clock. There are many automated software available in Forex market and some of them have earned quite a reputation for them.

Now the question is whether such automated software work equally well for both the experts and the beginners.

The traders who are already using the software have lot of trust in the efficiency of the software. They not only claim to reap huge profits from the software but many of them believe that such software is easy to use even by first time users and new traders. They do not have any working complications and you do not need to posses any special computer skills for using such auto forex trading software. Newbie traders can take help from such trading software without any hesitation.

For new traders these auto forex trading software is like a live advisor talking to you and guiding you. The best part with the auto trading robots is unlike personal advisor they do not take day off or sick leaves. They are available round the clock anywhere and everywhere you want. The beginners can get lot of advice and guidance from the auto trading robot.

These auto trading robots are well equipped to take information from the market, analyse them, find the pattern and understand the market trends to give right suggestions to the trader. Such robots are programmed to work on it own and investors and traders are saved from the tedious job of analysing and studying the market. Auto trading robot will do the job for you without wasting any time. Many investors claim that accuracy level of these robots is very high and their is seldom chance of market trends going against them.

Most of the auto trading robots is programmed to deal in all the major currencies usually investors show interest in. These robots can guide you to trade at the right time. Being a beginner it is advisable to use the robot on demo account before using on real account.

 

[Sharon]

Always use any Forex EAs/Robots on a demo account and study its performance. After that can put on a real account with very small lot size.

 

[NAFIDO]

Always use any Forex EAs/Robots on a demo account and study its performance. After that can put on a real account with very small lot size.

Good advise Sharon.
Can you recommend any particular EA.

 

[Aviv]

Thunderbird v10 it's the newest ea robot

 

[Marian Median]

Various updates have been included in the forex market. And one of the basic developments that a trader can now use is: Automated Trading Platforms like MT4, MT5, etc. and extensive uses of those platforms. What I believe that each thing has both advantages and disadvantages. And even in the case of automated trading platform a forex trader can feel some challenges while he can enjoy many benefits like emotion free, timely trade executions, etc.

 

[Ayushvam]

I Never Tried any EA, but looking at the impossible profit backtesting on youtube make me think about it, but at the end i want to learn so i decided to do it manually and if my own strategy is profitable i will make ea of it.

 

[emelaine Oberio]

Thunderbird v10 it's the newest ea robot

I tried thundebird and I am quite curious as to why it opens both a buy and sell trade at the same time with a single pair. Is that how it works?

 

[qasim14pk]

ANY BODY HAVE TRAIL VERSION OF THUNDER BIRD V10 AN ITS RESULTS"