Automated Forex trading is a method of investing in the forex market that is used by novice and experienced traders.
With these computer programs (expert advisor), it is not necessary to study and analyze the charts to find the perfect market configuration. The automated software is programmed for this. Just install and configure the EA for the system to execute the chosen strategy on the MetaTrader platform.
While this may sound too good to be true, it is actually a very real and potentially profitable way to online trading south africa.
The main advantage of this trading method is that it allows you to make profits on autopilot! The trader does not need to spend a lot of time in front of his screen. Unlike manual trading online UK systems (discretionary trading) which place high demands on the trader, both mentally and physically.
The robot is not influenced by emotions
These systems are not influenced by emotions like Forex trading Australia. The robot does not lose its temper, it does not cut a position prematurely and takes losses as agreed in the forex no deposit bonus. He is not hanging on to a losing position in the hope of a market turnaround. He negotiates the strategy to the letter and nothing else.
24 hour forex trading
Automated trading CFD operates continuously day and night. This increases the number of potentially profitable opportunities that can be taken.
How to trade with a forex robot?
Automated systems (Expert Advisors) are developed and made available to investors for the MetaTrader Canadian forex brokers. An Expert Advisor is software that can be configured on the MT4 platform to automatically execute a predefined trading strategy.
The trader simply needs to install and configure the Expert Advisor on his trading account for the Forex south Africa strategy to be executed automatically. Installation instructions are included with each EA, the installation process usually takes no more than five minutes.