It cannot be stressed enough that forex trading is both complex and risky. Before starting to trade in this market visit the Australian Securities and Investments Commission (ASIC) website (www.moneysmart.gov.au/investing/complex-investments/foreign-exchange-trading) for more details on how it works, the risks a trader faces and the potential to lose large sums of money, particularly if a person doesn’t know what they are doing.
I invested GBP 200 with them and they had promised a much higher win vs loss rate, but they instead created a high loss rate of about 63%, 14 losses and 8 wins. Yet, according to their adverts, the risk of loss was virtually non-existent.I was told that that if the TURBO BINARY system did not work AS PROMISED, they would refund any costs invested PLUS $100.
- Трейдеры- они же и менеджеры и финансовый отдел, получив счет в управление дают безграмотные распоряжения по открытию позиций, не соблюдают риски, манименеджмент, торгуют на все деньги, торгуют без стопов, хеджируют сделки не пропорционально, точек входа как таковых нет, торговой системы, как таковой тоже нет, как только появляется свободная маржа сразу добавляют позиций понятно для каких целей.
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Actually robots are good and very useful. They automate our trading and help us to get better results and performance. Of course this depends on the robots. For example i mix manual trading and automated managing of these trades. I use a robot called profit defender to set automatic trailing stops to my manually opened trades. This way i don’t care about my trades when i am not in front of my computer. If there are any other traders who do the same please share your experience here i would like to get other traders opinion.
Hahah, FapTurbo.. Hoping that they allow me to reactivate my live account because when u buy fapturbo they give you two brokers they Recommend and the one I chose was FxChoice(their top pick) and after a few backtests to find out what the settings do(no explaination anywhere) i was atleast familiar with settings so I went live with 100 bucks(they want u to do this to give u fapt premium-why is there more than One ea?) so i get the live account going and after two weeks trading with default settings(their reduktor setting on 40 and not 10) i see commissions and swap fees from FxChoice is more than profit and I have lost 2% of my account.
The best way to gain an understanding of the benefits of using Forex trading robots is to spend some time reading genuine customer reviews. There are plenty to be found online, but remember to take them with a pinch of salt, as not everything you read online is genuine. Forex robots can analyse millions of charts far quicker than a human, but the information that many of them churn out is inaccurate and incorrect. Any robot is only able to perform as well as its program, and they aren’t able to think creatively or out of the box like a human can. The level of functionality of a trading robot is very much limited to past performance, and the way they have been programmed.
If you've elected to report forex trading under Section 988, then you can import the data from your broker directly into TurboTax with a program such as GainsKeeper. Otherwise, you can enter the information manually into TurboTax as Miscellaneous Income. The software will ask you to input all income, including ordinary wages, interest, dividends and money earned under the category of "Less Common Income." For forex trading, you select the last category, and then select "Miscellaneous Income," and from the list of sources, select "Other Reportable Income." You then enter the description "IRC 988" and the net amount, either a positive number for your gain or a negative number for your losses.
Failure of the mechanics of the system – Automated trading is a very sophisticated way of trading but it is by no means without fault. What happens if the internet connection is lost? What happens when a trade order gets stuck on a computer, before it gets to the server? And theory doesn’t always match up to fact either. In order not to find yourself caught out, as there is a learning curve, it is best to start small and give the process time to be refined.
One of my friends has developed an EA which is able to plot support/resistance lines on the charts. It doesn’t take any positions at all. So it is not an auto-trading robot. It just plots the lines. He wants to share it on LuckScout for free. It is a while that I am checking it to see if it is good enough to be shared on the site, and I have come to this conclusion that it can help novice traders learn technical analysis much easier and better. So I have decided to share it on the site. This is also the example of a good “white hat” robot. So in general I agree with you that some robots can help.