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Is a Forex robot profitable?

Shared 18 Oct 2024 19:28:35
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18 Oct 2024 19:28:35 Alexander Debrah posted:
The profitability of a Forex robot does not depend on the robot but on the trader or traders who developed the strategy that the Forex robot executes. It also depends on the developer or team of developers who coded the Forex robot. Third-party Forex robots, like the thousands of EAs available for sale in the MT4/MT5 marketplace, are not necessarily profitable over the long term but may yield short-term profits in select market conditions. Only sellers of those Forex robots earn a consistent income by selling licenses and not from trading-related activities.

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Replied 18 Oct 2024 19:52:41
18 Oct 2024 19:52:41 Charles Lane replied:
One of the upsides to Forex trading is accessibility. It’s truly the market that never sleeps. And with automated Forex trading, you can trade in whichever currency market you want. Day or night, you can set up your app to trade for you while you focus on other tasks. You can focus on learning the market and analyzing developments and your app works for you in the background.
Replied 18 Oct 2024 20:01:59
18 Oct 2024 20:01:59 Brayden Alexa replied:
FxDyno auto forex trading uses a computer program to trade foreign currencies. This program is based on a set of analyses that help determine whether to buy or sell a currency pair at any given moment. It increases transaction speed and frequency, eliminating emotional and human errors in trading. Automated trading provides significant advantages over traditional methods. It allows for around-the-clock trading, removes emotional decision-making, and allows for rapid execution of trades, which is particularly beneficial in the fast-moving forex market. Tickerly takes this to the next level by providing a platform that is faster, easier to use, and more secure than many other platforms on the market. You can take full advantage of automated trading and its benefits with us.

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