Forex Robots: What Are They?
 
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Forex Robots: What Are They?

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Forex Robots: What Are They?

Forex robots are computer algorithms or programs that scan the forex market on a 24/7 basis looking for profitable trades to suggest to traders. Forex robots are pre-set with specific trading strategies or parameters, and they can either work automatically trading on your behalf or suggesting profitable trades for you to trade manually.

Most of the best forex robots on the market make use of technical indicators to scan the market for trading opportunities. No two robots are the same; that is, forex robots all have different trading strategies depending on the parameters the programmer embedded in the computer programs. They are more effective than human eyes when it comes to watching market movements and trends. Plus, they are devoid of human emotions in their trading decision.
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