Most new investors today are using an automated trading robot, instead of manually trading themselves.
With the allure of making easy money, thousands of people with no trading experience are allowing a robot to do the work for them. But this comes with increased risk, and most people are losing their money fast to scam brokers.
Most trading robots do not work with licensed brokers, and therefore, most people do not use them. Using a robot with an unlicensed broker is a waste of time, since the broker will steal your money and never process your withdrawal request.
When you select an automated trading solution, it is important to understand how the robot works.
Popular Trading Robots
They have “CopyTrader” technology, which allows investors to compare top traders’ performance and replicate their trade automatically.
They offer free demo accounts at: eToro.com.
Scam Trading Robots
Every week a new Forex or stock trading robot is “created”. Most of these trading systems do not actually make money, and many are just a different name for the same signal generator.
We recently had a look at one these “robots” that goes by the name of Tesler App. Have a look at the screenshot we took of their testimonials. Just like the names are fake, so are the trading results.
Hedge funds made high frequency trading a household word in 2007 when they managed to extract profits from the stock market based on complex algorithms and automated trading software. The people who created the systems were advanced mathematicians who used historical market data to try and anticipate irregularities in the financial markets that would eventually correct and create a profit.
We have seen all different types of trading robots. Some produce a new trading signal every minute, and others only produce a signal a few times a day.
An interesting fact for you to know: Some of the best investors in the world, only place 10 trades a year!