Is forex about robots or the knowledge?

[Citigrade]

Forex trading is all about knowledge. Robots, on the other hand, can be useful in your trading. However, without knowledge, it will be difficult to monitor and identify their movements.

 

[Seminule]

Forex is only about knowledge. Robots are secondary. Without knowledge, you cannot even use forex robots. It is all about knowledge. If you think that you can succeed by just trading robots, you are living in a false utopia from which you have to come back to the world of reality. If someone has said that you need only robots (there are scammers online who teach things like these), you need to stop interacting with them. Knowledge is what will make you successful, robots and other things are just for enhancing what you can do with your knowledge and expertise.

 

[InnerMarshal]

For me, knowledge comes before anything else. Robots are also made by those who have knowledge. And we need some level of knowledge to use these bots or EA for making profits. You should always start by learning manual trading first.

 

[Svk47]

Robot trading is a shortcut since learning the knowledge takes time.but knowledge learning will take you far and will give you more confidence to trade any market at any time.

 

[Tauricide]

Forex is all about subject knowledge and expertise. If you do not have this, you will be unable to use robots and automated trading systems.

 

[Pangolin]

Forex trading is about knowledge and manual training. How can automated trading bots be created if a person has no knowledge about forex trading itself, and has no experience of trading in it? Robots that trade automatically can only act in accordance with the scenarios that were programmed into them, whereas traders who work by hand can process all relevant information, including market conditions. Which is why manual trading with the right knowledge is more profitable than buying automated systems.

 

[BoldMaestro]

Knowledge without a doubt! I highly doubt that anyone can attain success by just using an EA without any knowledge. Robots are there to automate the process but you should be in charge of the trading process in my opinion. So, knowledge is essential whether you are a manual trader or using an EA.

 

[Jefferson91]

Forex is about obtaining knowledge to earn profits, and if you have the right knowledge about forex trading, that is when you can set up a robot.

 

[Roystone]

Is the robot the way to go or one really need to learn forex markets fully and rely on the knowledge

The key tools are knowledge and experience. Knowledge will help to know how the Robot works. Experiences will help to not repeat the same mistakes.

 

[Jackyard]

It is all about knowledge. The more you know, the more successful you become in the forex market.