You will heaps of advertising which tells you a robot is far better than a human at trading and these are some of the common claims made : 1. More Time efficient they are time efficient and plenty can be operated in 30 mins a day or less but manual trading can be quite as fast. They are More Profitable than Human Traders There not more profitable at all, there as good as the programmer. Naturally, the track records you seen on most androids would make Warren Smorgasboard proud but the catch is : There not real, simply a back test simulation on paper and as the seller simply bends the guidelines to fit the information, most collapse in realtime trading, as the information segment never repeats precisely the same way again. We all can all pick tops and bottoms, when we think we know what occurred but thats not real life. Finding the right foreign exchange broker to trade currencies is significant, particularly for amateur traders. It's not the number but is the currency pairs that are going to be looked for. Some foreign exchange brokers have fixed spreads for currency pairs whilst others have variable spreads which change with market liquidity, trading time and currency pair. Order Execution : Good online currency exchange brokers offer quicker automated execution of your orders with least human interference. Also check that you are getting your orders executed at the costs shown in your trading platform. Ensure that your currency exchange broker offers the sort of account you would like with the right account wants. Also ensure the broker permits you enough flexibility to use the right leverage that you select.
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