Automated Forex is the use of a forex robot or expert advisor that works by carrying out the buying and selling of currencies following a predetermined set of trading rules. It is a software that both novice and professional traders alike use to generate very good income in the forex markets.
It is highly recommended for all traders to first trade a robot under a demo account for a period of a few to even several months before trading a live account. It is very important to understand how the system you are trading performs in all market conditions prior to trading live funds.
Auto forex trading with a forex robot gives traders the chance to make consistent money without having to be in front of the computer all the time watching the charts tick by tick. Using an automated trading system takes all of the emotion out of trading removing one of the biggest stumbling blocks traders face.
Once you begin to make money under a demo you can then move to a live account at first trading a minimal amount of money in orders to make the switch as easy as possible. A rule of thumb is to remove your starting capital once you have doubled your money so that going forward you are no longer risking your money.
