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 What do you think of Expert Advisors in Forex? Is it a scam or a money-maker? (4)

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What do you think of Expert Advisors in Forex? Is it a scam or a money-maker?

What do you think of Expert Advisors in Forex? Is it a scam or a money-maker?

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1 point

An expert advisor is a simple trading program that is automatic. Will a $29 EA make you rich? Why would somebody sell something for $29 that would make you rich? These EA’s will buy and sell exactly as they are programmed until they are turned off or you lose your account, whichever comes first. The main problem with them is that those who run Forex drive the price with their algorithms past a short term high or low which triggers these EA’s into the market quite easily. Then they whipsaw the price the other way and stop out these positions in short order. Which is the same thing they are doing to retail traders all day everyday. As you go up in time frame they are doing the same thing. They clear out the retail traders with the quick movements and then whipsaw against their positions. Can you profit trading Forex? Absolutely. Will a $29 EA make you rich? Probably not. Those who run these markets are way ahead of you. You need to figure out what they are doing and stay one step ahead of them.

1 point

Well, I am not sure whether I can give any advice there, First of all, learn as much as you can about its structure and the market in general. Then find a reliable broker. I trade with expert advisor forex https://www.forex-ratings.com/forex-advisors-rating/ and earn enough. There are plenty of fake success stories online, but all of those people are just trying to sell you some kind of program or study guide. Nothing worth having is obtained quick. Take into account that real professionals are always in a shadow.

1 point

Hi.....

An expert advisor is a simple trading program that is automatic. Will a $29 EA make you rich? Why would somebody sell something for $29 that would make you rich? These EA’s will buy and sell exactly as they are programmed until they are turned off or you lose your account, whichever comes first. The main problem with them is that those who run Forex drive the price with their algorithms past a short term high or low which triggers these EA’s into the market quite easily.

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This really helped me to get an idea of the expert advisor in Forex we cannot completely believe anything as there are many scans of every these day. Thanks a lot for your valuable time was spent clearing doubt about the Forex and related things cbd oil benefits