The rapid development of technology and financial markets has made many investment instruments and technologies born. One of them is the activity of making profit from buying and selling foreign exchange transactions automatically using forex trading robots.
This automation starts from looking for trading opportunities (open trade), buying opportunities (open buy), to selling opportunities (open sell). You don’t need to constantly observe alone, but just rely on forex trading robots.
Advantages of Forex Trading Robot
Forex trading robots have several advantages in investing activities. First, traders do not need to analyze the forex market in making buying and selling transactions, just instruct the robot.
In fact, this robot has the ability to limit losses and profit targets that traders want to achieve.
Second, the robot can operate within 24 hours, so that profit opportunities can be more closely monitored. Third, it does not cause stress or emotion for traders as well as transacting and analyzing the market directly.
Risks of Forex Trading Robot
However, this benefit does not mean that it is without loopholes or there are also disadvantages. First, robots are not humans, so they only transact according to instructions, not using analysis.
Second, robots also cannot predict market volatility. Third, it costs more to use robot services. Fourth, there is the potential for fraud from sites that offer forex trading robot services.
