Forex Auto Trading Robot Sale Websites

A forex robot is a type of computer program that's designed to trade forex automatically.

Forex robots follow a specific set of trade signals and settings in determining the best prices at which you can buy or sell a currency pair. They use complex mathematical algorithms to monitor the markets and follow price action.

Forex robots can help both beginners and experienced foreign exchange traders maximize their return on investment. They eliminate emotional and psychological biases when trading and bring automation to forex trading.

In this guide, we'll explain everything you need to know about how forex robots work and review the 10 best forex robots for 2021.

The Best Forex Robots Rated by Experts

Here's a look at the best forex robots for 2021 – read on for detailed reviews!

1. Learn2Trade
2. Forex Fury
3. 1000pip Climber
4. FX Master Bot
5. EA Pros
6. eToro
7. CryptoRocket
8. BinBotPro
9. Premium FX Signals
10. Centobot
11. Algo Signals

Note: A forex robot is only as good as the algorithm behind it. Be sure to research the expertise of a robot's development team, its past performance, and its reliability.

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Contents [show]

What is a Forex Robot?

A forex robot is computer software – often referred to as an artificially intelligent trading algorithm – that is used to automatically execute forex trades. It independently analyzes the forex market to look for technical patterns that offer opportunities for profitable trading. Then it uses this information to determine the best trade entry and exit points.

Forex robots are also called expert advisors if you are using MetaTrader 4 or 5.

How Forex Robots Work

Forex robots work by monitoring the forex market. They are designed to automatically recognize technical patterns like breakouts, reversals, and momentum that offer trading opportunities. When a pattern is recognized, forex robots will trigger a buy or sell order to enter a position.

Once the movement is completed, forex robots will automatically exit the position for a profit. If the expected price movement doesn't happen or the trade goes against you, the robot will use a stop loss to automatically limit the consequences of the trade.

Forex robots are a lot like forex signals, with the main difference being that they trade automatically on your behalf. Whereas it's up to you to decide which signals to trade on and which to ignore, forex robots will trade on every signal they detect.

What are the Pros and Cons of Using a Forex Robot?

Pros

• Speedy market analysis and order processing
• Helps you eliminate emotional and psychological biases from a trade
• Can be used for backtesting different strategies before deciding on the best
• Forex robots can monitor and trade multiple currency pairs and trading accounts simultaneously more effectively
• A forex robot is immune to such human limitations as exhaustion and fatigue

Cons

• Trading forex with a robot is a high risk activity
• Some forex robots can be quite expensive and complicated to work with
• There are many scam or poor-performing forex robots
• Most forex robots require you to be connected to the internet 24/7 for trades to be executed

Criteria Used to Compare the Best FX Robots for 2021

Want to know how we determine the best forex robot? These are some of the key factors we considered in our review:

• Order execution speed
• Number of currencies traded
• Security and reliability
• Risk management tools
• Trade accuracy and win rate
• Subscription costs and commissions
• Expertise of the development team

Best Forex Robots for 2021 Revealed

1. Learn2Trade - Overall Best Forex Robot

Learn2Trade, a London-based trading education company, is one of the leading forex trading signal providers in the world. Its signals have a success rate of between 89.54 – 93%. The company provides forex trading signals, online day trading courses, and support to independent financial traders of all kinds.

Lear2Trade emphasize the importance of responsible risk management practices and the satisfaction of its clients. The company offers a 30 day, 100% money-back guarantee should traders feel that their automated system did not help them make any money. The team reports a success rate of 92% for a total of 2,860 active members.

You can trade most major forex pairs with Learn2Trade, including the highly popular EUR/USD trading pair. Pricing is based on the length of your subscription and there is a lifetime option available. Learn2Trade even offers limited free forex signals for traders just getting started.

How to join Learn2Trade

Step 1: Choose a package

Choose a package – Learn2Trade offers three packages;

The 1-month package which costs $25 offering 3 premium signals per day with 89% success rate live messaging service, clear SL and TL also takes 30 seconds to sign up.

The 3-month package costs $55 and offers the same functionalities as the 1-month package.

The 6-month subscription package for $85. Limited slots are available and the cost is effective by saving $65 if done monthly. It offers 3 premium signals per day with an 89% success rate, live messaging service, clear SL and TL.

Step 2: Checkout

Once you chose your package, you will be transferred to the cart page. Click on the proceed to checkout button.

Step 3: Fill in your details

Fill in the registration form: billing details, phone, address, and your chosen payment method. You can complete your payment with a credit card, PayPal or cryptocurrencies.

• Proven success rate of between 89.54 – 93%
• Has been in operation for over 12 years
• Signal delivery via Telegram

2. Forex Fury – Excellent Forex Robot with 93% Success

There's no doubt Forex Fury is one of the best forex robots on the market. To start with, this robot boasts a 93% trading success rate with verified Myfxbook accounts, using a low risk trading strategy with under 20% drawdown. It's compatible with a wide range of platforms, including MT4, MT5 NFA and more.

Forex Fury also makes it very easy to get started in just 5 minutes, with full length installation guides and videos! The customer service is another impressive aspect of this broker, with a friendly and super-responsive support team. On top of that, there are multiple filters to help you avoid bad market conditions.

If you're unsure about Forex Fury, this robot's website shows some of the excellent trading results it's achieved with both demo and live accounts. All these accounts are with trusted and secure brokerages, and the client feedback is 99% positive!

There are two purchase options for Forex Fury. The Gold account costs $229.99 and comes with one live account license, unlimited demos, free updates, high performance settings and a lifetime membership. The Diamond $439.99 and comes with an extra live account license.

Here to join Forex Fury

Step 1: Sign up to the platform

Visit the Forex Fury homepage and open an account.

Step 2: Choose your package

Decide whether you want a Gold or Diamond account.

Step 3: Begin trading

Choose your settings and let the robot begin trading for you!

• Claimed 93% success rate
• Works with verified Myfxbook accounts
• Low risk trading strategy
• Excellent customer service

3. 1000pip Climber - Excellent Results And Easy to Use

For traders who want to achieve strong and consistent results but do not have the time or technical knowledge to keep adjusting multiple settings and filters each day, the best option would be the 1000pip Climber robot. This robot is widely considered to be one of the best and most advanced robots available to retail traders. But unlike many Forex robots, this one has very few settings and is extremely easy to use.

As you would expect, the long term performance of this robot has been outstanding. It has performed strongly and consistently in a variety of market conditions. Most importantly, the results of this robot have been independently verified by MyFXBook. We believe that when choosing a Forex robot it is essential to check that it has independently verified results and you should only consider purchasing a robot that can provide this.

The key to the success of the 1000pip Climber System, is the state of the art algorithm at the core of this Forex system. The algorithm has been developed by a professional Forex trader and is regularly updated to account for changing market conditions. For such an advanced robot the installation process is fast and the user interface is very easy to use. It is no surprised that the 1000pip Climber system is one of the leading and most popular robots around. It has an almost perfect 4.7 out of 5 user rating on TrustPilot. Many users are also impressed by the fact that they can get help directly from the professional trader who developed the system. This additional mentoring can significantly boost long term outcomes for retail Forex traders.

If you are looking for the best Forex robot available, with outstanding performance, an easy user interface and ongoing support then the 1000pip Climber System is by far the best option for you.

Now is a great time to purchase the 1000pip Climber System because the developer is currently offering a flash sale - for this month the price is reduced from $299 to only $97. So if you join them now you will be getting one of the most advanced professional trading robots at a bargain price.

How to join 1000pip Climber:

Step 1: Register for 1000pip Climber

Visit the 1000pip Climber System website and select 'Get it now!'

Step 2: Choose a package

In line with the philosophy of keeping things simple, there are no complicated options or different membership levels. All users will receive the same highly advanced Forex system with all the same features. All you need to do is select the 1000pip Climber System at check out.

Step 3: Start trading

All the information from the 1000pip Climber System will then be emailed directly to you with a video and a PDF explaining how to install and use the system. If you have any questions you can email the professional trader who developed the system.

• High performance
• Easy to use
• MyFXBook verified results
• Quick installation
• Free upgrades

4. FX Master Bot – Best Forex Robot for Web-Based Automated Trading

FX Master Bot is an online platform that offers web-based automated trading services. In Layman's terms, this means that there is no requirement to install or download any software to your device. On the contrary, everything can be executed via the FX Master Bot platform. In terms of how it works, the underlying algorithm will scan thousands of forex and cryptocurrency markets throughout the trading day.

When the algorithm spots a potential trading opportunity, you will be notified instantly. With that said, FX Master Bot allows you to act on these findings autonomously. That is to say, you can elect to automatically place the required entry and exit orders every time a new signal comes to fruition. On top of 17 major currency pairs, the bot also covers 5 cryptocurrencies. Once you meet the minimum deposit amount of $250, the bot is activated. This means that you can then set your own stakes, subsequently ensuring that the bot trades with amounts you are comfortable with.

How to join FX Master Bot

Step 1: Sign up to the platform

Visit the FX Master Bot homepage and open an account.

Step 2: Deposit funds

Deposit at least $250.amount to activate the bot.

• Once you do, you then need to
• If opting for the former, all signals will be placed automatically

Step 3: Start trading

Decide whether you want to engage in automated or manual trading and start trading. You can withdraw funds from FX Master Bot at any time.

• Good track record since established in 2017
• Automatically place orders when new signal arise
• Withdraw your balance at any time

• No demo trading facility

No guarantee that you will make a profit with this provider

5. EA Pros - Free Forex Robot for 5 Pairs on MT4

As the name suggests, Algo Signals is an online service that provides forex and cryptocurrency signals. The platform claims to make an average daily return of 2%, which is huge. What we really like about these bold claims is that the provider allows you to test-drive its signals via its demo account facility. This allows you to validate the integrity of the trading suggestions prior to risking your own capital.

In terms of getting your trades on, Algo Signals has partnered with a select number of licensed brokers. This ensures that you are able to act on the signals in a safe and secure environment. Crucially, when you receive a real-time trading signal from the platform, you will be provided with all of the necessary entry and exit points. This includes that all-important stop-loss order price, meaning you will always be in a position to mitigate your potential losses.

• Great support
• Simple and quick installation
• Over 28,000 pips in two years
• Works on the MetaTrader 4 platform
• Fully automatic system

• Only available on 4 brokers

No guarantee that you will make a profit with this provider

6. eToro – Best for copy trading

eToro is placed as one of the world's best social trading platforms. The reason it makes it into our list, is that in a similar way to forex robots where the system makes trades based upon statistical analysis, with eToro you get to track the trades of experienced professionals. This system is likely to guard against the over-running a trend in the same way a purely automated forex robot might be exposed to. This platform is available for junior and advanced investors, and has the right functions and features to help most investors improve their trading yields.

In order for traders on the platform to become recognized as an experienced professional, eToro has the Pro Trader qualification. This helps to confirm that copy trades are from genuine pro traders who know what they are doing. In addition to copying the trades of individual traders, you can also track the best performing pooled fund/ trading portfolios.

eToro is regulated for forex, stocks, CFDs and more across much of Europe, while in the US is the market leader in the crypto-trading.

How to join eToro

Step 1: Sign up to the platform

Open a new eToro account with your name and email address. Provide details including your telephone number, proof of address and identification. You'll also need to answer questions to help the platform understand your level experience trading

Step 2: Deposit Funds

To start trading with eToro you will need to deposit $200.

Step 3: Start Trading

Practicing trading with a demo account to get the hang of the system. Then place your own live trades when you're ready.

• Hosts numerous social trading features that extend beyond copying a traders portfolios
• Maintains a highly transparent fee and price structure
• Low minimum operating balance of $200

• Their customer support team that can only be accessed via email

Disclaimer eToro: CFDs are complex financial instruments and 75% of retail investor accounts lose money when trading CFDs.

7. CryptoRocket - Best Forex EA for MetaTrader 4

CryptoRocket is crypto, forex and CFD broker based in St. Vincent and the Grenadine. The broker uses Straight Through Processing (STP) execution which removes the conflict of interest between the broker and traders.

CryptoRocket offers a variety of currency pairs, stocks, indices, and cryptocurrencies for its clients to trade on through MetaTrader 4, the most popular trading platform in the market. The broker stands out from other competitors in the industry due to its high leverage ratio of up to 1:500, the ability to deposit and withdrawal funds with Bitcoin, and its encrypted crypto wallet.

How to join CryptoRocket

Step 1: Register for CryptoRocket

Fill in the registration details on the CryptoRocket home page. You will need to enter your email address and create a new password in order to open a new trading account.

Step 2: Choose a trading platform

Choose one of the trading platforms: MetaTrader4 or MT4 WebTrader.

Step 3: Make a deposit

Click on the 'Make a Deposit' button on the left side-menu and transfer funds through one of the payment methods: bitcoin, wire transfer or credit card.

• CryptoRocker uses Straight Through Processing (STP) execution
• Offers an encrypted wallet and a secured trading platform
• CryptRocket provides traders to deposit and withdraw funds with bitcoin

• The broker does not provide commodities trading

8. BinBotPro – Best Forex Robot for binary options investors

BinBot is a highly progressive and artificially intelligent trading algorithm, specially designed for binary options investors. The tool automates every aspect of forex trading starting with conducting market research, reading through graphs and charts trying to map and predict market movement as well as monitoring market trends to determine the ideal time to trade. With its relatively advanced analysis technology, BinBot Pro is optimized to gather market insights and metrics that can be used to project market movements. Today, the robot trader is already helping binary options investors achieve commendable accuracy and generate a continuous stream of profit, as much as 125%+ on invested amounts depending on the preferred individual bot trader.

How does BinBot work?

BinBot sets itself apart from the competition because of its highly diversified mode of operation and support for several other indictor-specific mini-bots. Unlike when dealing with most other single forex robots whose settings and indicators you can keep adjusting, BinBot plays host to more than ten other bots that you can choose from during signup. Most of these can trade more than one currency pair while others are specially designed to only trade specific pairs. We are particularly drawn to this forex robot given that despite its full automation, you still have absolute control over such aspects of its operation as when it trades, the number of trades it can engage in simultaneously, and the amount of capital committed to every trade session

How to choose a BinBot mini-robot

Your choice of a forex trading robot should be influenced by such factors as the best trading sphere as well as your desired income level. Going through the BinBot list of forex robots, you will notice that they all display their potential returns on investment with some reporting as much as 125% return on investments. It can also be informed by your experience and previous exposure to forex trading. With this regard, you have the option of scrutinizing the trade settings and indicators for the different bots and vetting their viability or choosing to custom build your own trading robot using the tools availed by BinBot.

How to join BinBot

Step 1: Register for BinBot

Enter your name and email address on the BinBot forex robot website. You will also need to choose your preferred trading robot and binary options trader.

*Note: BinBot and its wide range of forex trading mini-bots are available free of charge

Step 2: Deposit funds

Fund your account with a minimum of $250. While the forex trading robot is free, the binary options investment brokers you chose to work with require an initial deposit amount of $250 to activate the robot.

Step 3: Start trading

Launch the trading bot. The bot will go live as soon you fund your account, but you have the option to turn it on and off and to decide of the number of trades it can execute simultaneously.

• Highly affordable investments plan that start from $0.1 per trade
• Attractive returns on investments of up to 200%
• Quite versatile by giving you control over trades and amounts traded

• Only available to binary options investors
• Limited communication platforms as you can only contact them via email

9. FX Signals - Best Forex Robot for reliability

FX Signals is an industry leader when it comes to thorough market analysis and computation of winning forex signals. The brand has over the years built a solid reputation of reliability through the consistent delivery of highly accurate forex signals that can be used for both manual and automated trading. This repute is further fueled by FX Signals emphasis on proper risk management practices with tips accompanying every forex signal they send to their subscriber list.

This is reflected on the fact that all their trading signals will be indicative of not just the best trade entry and exit prices but also solid risk management features as the stop loss and take profit levels as well as the recommended minimum investment amounts. The forex signal service provider is also constantly monitoring the markets for drawdowns and will send out emergency alerts calling for the liquidation of these trades should they sense a market downturn mid open trade.

How to join FX Signals:

Step 1: Register for FX Signals

Fill in the registration details on the FX Signals homepage. You will need to enter your name and address, email address, a valid phone number, and a password for your new account.

Step 2: Choose a forex broekr

Decide on your preferred forex broker for trading.

Step 3: Choose how to receive signals

Decide on how you would like to receive the signals – via email or text messages. The text message service is only available to United States residents.

• Protects your investments by laying emphasis on different risk management practices
• Highly accurate forex trading signals
• Signals are easy to interpret and can be used for both manual or automated forex trades

• Doesn't offer brokerage services implying that you will still have to trade these signals with a third party – forex broker

10. Centobot - Best Forex Robot for profitability

Centobot is an automated trading system and a collective term given to a wide range of automated crypto trading robots. Essentially Centobot comprises of over ten. automated trading robots that you can choose from based on such factors as your desired returns on investments as well as their native indicators used in analyzing the cryptocurrency markets.

Here, trading robots can report returns as high as 300% of the invested amounts. You also have the option of settling with a specialist crypto trading robot that will only trade a specific altcoin or a general trader that can handle multiple cryptocoin pairs simultaneously. It is important that this cryptocurrency trading robot is only compatible with binary options brokers.

How to join Centobot:

Step 1: Register for Centobot

On Centobot's website homepage start by choosing your preferred crypto trading bot and filling in the simplistic registration form therein before deciding on your preferred binary options trading platform. It only requires your name and email address.

Step 2: Deposit funds

Fund your preferred broker's trading account to activate the trading robot

Step 3: Start trading

Access the user interface and adjust the robot's trading settings

• Full trade automation makes it beginner friendly
• Presents with a wide selection of equally effective cryptocurrency trading robots
• Attractive returns on investments

• The crypto trading robot is only compatible with binary options traders

11. Algo Signals – Best Forex Robot for High-Grade Signals

As the name suggests, Algo Signals is an online service that provides forex and cryptocurrency signals. The platform claims to make an average daily return of 2%, which is huge. What we really like about these bold claims is that the provider allows you to test-drive its signals via its demo account facility. This allows you to validate the integrity of the trading suggestions prior to risking your own capital.

In terms of getting your trades on, Algo Signals has partnered with a select number of licensed brokers. This ensures that you are able to act on the signals in a safe and secure environment. Crucially, when you receive a real-time trading signal from the platform, you will be provided with all of the necessary entry and exit points. This includes that all-important stop-loss order price, meaning you will always be in a position to mitigate your potential losses.

How to join Algo Signals

Step 1: Sign up to the platform

Head to the Algo Signals website and open an account.

Step 2: Choose your plan and deposit funds

Algo Signals offer three plans:

The novice plan gives you access to 3 currency pairs (minimum deposit $250).

The expert plan gives you access to 9 currency pairs (minimum deposit $500).

The VIP plan gives you access to all currency pairs (minimum deposit $1,000).

Once you've selected a plan, make a deposit.

Step 3: Start trading

Algo Signals will send you trading suggestions throughout the day. When you receive one, you will then need to act on the suggestion by placing a trade. Be sure to use the recommended stop-loss and take-profit orders

• Claims to make average daily profits of 2%
• Various plans to suit most budget levels
• Excellent reviews in the public domain

• Not suitable for those that want to start off with really small amounts

No guarantee that you will make a profit with this provider

What are the Basic Functions of a Forex Robot?

• Order placement:

Timely trade entry and exit plays a key role in influencing the profitability of your trades. Your preferred forex trader should be accurate enough to identify the lowest price at which to enter a trade as well as the highest point at which to liquidate a position before the market tips. When deciding on a forex robot, always confirm its reliability and order execution speeds as these play a key role in determining its profitability.

• Trade recognition:

Using a wave of complex or simplistic and clearly defined market analysis criteria to identify the most ideal trade entry or exit points. In most cases, such a robot employs a series of technical analysis tools and indicators like support and resistance levels, order flow, and RSI or MACD indicators in identifying the best trade points. It, therefore, pays to work with an algo trading forex robot that uses more than one indicator as this often reflects in the accuracy of its trades.

• Position management:

A forex robot will also be hard coded and equipped with several features that assist with the prompt management of open trades. These include such risk management tools as the hard stop loss, trailing stop loss, and take profit features that either protect your bottom line or ensure maximal profitability. Traders, especially the experienced forex enthusiasts are therefore better off keeping away from robots that don't guarantee the effectiveness of their position management tools.

Benefits of the Best Forex Robots

i) Passive incomes through trade automation:

Forex robots are fully automated and this translates to passive income generating streams. Some of the most sophisticated forex robots currently available will assume total control of the entire trading process, right from market analysis to exiting a position ensuring that you profit from the currency price actions 24/7. Alternatively, if you want to maintain some control over your day trading, you can choose a semi-automated robot that only provides the best forex signals which you then act on.

ii) Beginner friendly:

You don't need prior forex trading experience to succeed with a forex robot. When working with most of these fully automated trading robots, you only need to familiarize yourself with such basics as to how to lunch and stop the forex bot.

iii) Helps perfect your trading strategy:

Winning forex strategies are developed over time by constantly evaluating your trade history and improving your areas of weakness as well as mastering your strengths. Most of these forex robots also give you access to their trading history and its analyses can help you improve on your strategies. You can also use a forex robot to backtest your trading strategy and improve it according to the results.

iv) More profitable

There are several factors that make top forex robots more profitable than the average trader. Key among them is their fast data processing and analysis that helps them score higher on accuracy than most traders. Secondly, the forex robot is faster in order execution – both trade entry and exit – ensuring that trades aren't affected by tipping markets and currency pairs. More importantly, these robots can trade 24/7 ensuring that they take advantage of all the key price action in all the forex markets consistently. Not to mention that they help in keeping emotions in check.

How to Choose a Reliable Forex Robot

With so many excellent forex robots to choose from, how do you decide which one is best for you? One of the most important things to consider is consistency. If top forex robots can't reliably deliver profits in your account, you're not going to want to choose them.

There are many things that go into consistency, but the best way to gauge this is to look at how a forex robot has performed in the past. Many top forex robots offer a history of past trades to look over, or at the very least calculate the win rate of their robot. Reliable forex robots have a win rate of at least 60%, and some of the top robots have win rates over 80%.

Another way to check the consistency of a forex robot is to try it out yourself. Most forex robots can be used in demo mode, so they will identify signals and keep track of hypothetical profit and loss without placing real money trades in your account.

Be sure also to look at a forex robot's development team. The forex market is constantly evolving, and forex robots must evolve to keep up. A strong development team with years of experience is key to ensuring that a robot is able to stay ahead of the market.

How to Use a Forex Robot

Ready to start trading with the best forex robot for 2021? We'll show you how to get started with Learn2Trade in 3 simple steps.

Step 1: Sign Up for Learn2Trade

To get started with Learn2Trade, head to the platform's website and select a forex robot plan. Then click 'Choose Plan' to open the registration page.

You'll need to enter your name, email, phone number, and billing information. Learn 2 Trade accepts Visa, Mastercard, and American Express debit or credit cards.

Step 2: Join the Learn2Trade Telegram Group

Learn2Trade delivers forex signals through a secure Telegram group. Download the Telegram app for iOS or Android and join the Learn2Trade group to see signals as soon as they're released.

Step 3: Start Trading

You can start trading with Learn2Trade's forex signals right away. To enter trades manually, enter a limit order for the entry price given in the signal. You can also connect Learn2Trade with any MetaTrader 4 or MetaTrader 5 broker to execute signals automatically.

Bottom Line

The internet and the forex industry is awash with numerous forex robots that are all aimed at helping you automate the trading process. Some like BinBot will give you near absolute control over its operations by letting you decide on the amount to allocate to each trade, how many currency pairs it can monitor and trade simultaneously and how often it executes trades. This ensures that you only trade in the most viable market conditions by avoiding highly volatile markets like immediately after major news and announcements.

The choice of your bot should nonetheless be guided not just by its assumed win rates and accuracy in executing trades but also by the amount of risk to which it exposes your investments. Importantly, ensure that your preferred forex robot doesn't use such highly risky trading strategies as martingale and that it either has built-in risk management features or supports those initiated by your forex broker.

Learn2Trade: Best Forex Robot 2020

• 89.54%-93% success rate
• 30 day 100% money-back guarantee
• Online day trading courses

There is no guarantee you will make money with this provider.

Glossary Trading Terms

Platform Fee

The trading platform fee refers to the amount a trader pays to use the platform and access its integrated platform features and tools. It can be a one –time fee paid for the acquisition of the trading platform, a subscription fee paid monthly or annually. Others will charge on a per-trade basis with a specific fee per trade.

Cost per trade

Cost per trade is also referred to as the base trade fee and refers to the fee that a broker or trading platform charges you every time you place a trade. Some brokers offer volume discounts and charge a lower cost per trade for voluminous trades.

Margin

Margin is the money needed in your account to maintain a trade with leverage.

Social trading

Social trading is a form of trading that allows for the interaction and exchange of trade ideas, signals and trade settings between the different classes of traders.

Copy Trading

Copy trading, also known as mirror trading is a form of online trading that lets traders copy trade settings from one another. In most cases, it is the newbies and part-time traders that copy the positions of pro traders. The copiers -in most cases - are then required to surrender a share of the profits made from copied trades – averaging 20% - with the pro traders.

Financial instruments

A Financial instrument ideally refers to the proof of ownership of financial commodities of monetary contracts between two parties. In the money markets, financial instruments refer to such elements as shares, stocks, bonds, Forex and crypto CFDs and other contractual obligations between different parties.

Index

An index is an indicator that tracks and measures the performance of a security such as a stock or bond.

Commodities

Commodities refer to raw materials used in the production and manufacturing of other products or agricultural products. Some of the most popular commodities traded on the exchange markets include energy and gases like oil, agricultural products like corn and coffee, and precious metals like gold and silver.

Exchange-Traded Funds (ETFs)

An ETF is a fund that can be traded on an exchange. The fund is a basket containing multiple securities such as stocks, bonds or even commodities. ETFs allow you to trade the basket without having to buy each security individually.

Contract for difference (CFD)

CFDs are a form of contractual trading that involves speculating on the performance of a particular trade in the market. CFD's will basically allow you to speculate on the future value of securities such as stocks, currencies and commodities without owning the underlying securities.

Minimum investment

The minimum investment simply refers to the lowest amount of capital injection you can deposit into a brokerage or a trading platform. Different brokers demand varied minimum investment amounts from their clients either when registering or opening trade positions.

Daily trading limit

A daily trading limit is the lowest and highest amount that a security is allowed to fluctuate, in one trading session, at the exchange where it's traded. Once a limit is reached, trading for that particular security is suspended until the next trading session. Daily trading limits are imposed by exchanges to protect investors from extreme price volatilities.

Day traders

A day trader is a term used to describe a trader who is constantly opening trades and closing them within a day. It is a common term used to refer to forex traders who open trade and only hold onto it for a few minutes or hours before disposing and having to leave no open trades at the time the trading day closes.

FAQs

💸 Who needs a forex robot?

Virtually every forex market operative can use a forex robot, from beginners to the most experienced forex investors. Beginners often rely on robots to earn them regular incomes as they learn how to trade while experienced traders use the robots trading history to perfect their already effective trading strategies.

💸 How much do I need to start trading with a forex robot?

This depends on such factors as the mode of acquisition and the acquisition price. It also depends on your broker's terms of use. For instance, if you decided to settle for the freely available BinBot, you will be required to fund your broker trading account with $250 to activate the EA. The $30 Hamster Scalping bot, on the other hand, requires you to fund your broker account with $100. The minimum investment amount for a currency trade pair, however, stands at $0.1.

💸 Do I need forex trading experience to start using a forex robot?

No, most of these forex robots are quite straightforward. You don't need prior trading experience or exposure to other forex robots. They come accompanied by elaborate user manuals to guide you through the installation process. Plus the customer support team is also on standby either on the phone, social media, Skype, and email to walk you through the installation and settings configuration process.

💸 How does a forex robot protect my forex investments?

They come equipped with several risk management features and will also support the broker initiated procedures. Some of the most common features included here include the stop-loss order, a limit to the number of trades you can execute, the limit to the number of currency pairs the robot can trade simultaneously, and the capital allocation per trade.

💸 How much can I make using a forex expert adviser?

Most legitimate forex robots are highly effective and have the potential of outperforming an average forex trader. And while there is no guarantee to how much you can make with a specific robot, the return on investments is to a large extent dependent on your trade settings. For maximum profitability, you are advised to stick to the recommended default settings.

💸 Do forex robots really work?

Forex robots can be highly effective at recognizing technical setups and profitably trading the forex market. Be sure to check a forex robot's historical win rate and profit and loss record.

💸 What is the best forex robot?

We think Learn2Trade is the best forex robot provider in 2021. The platform has a win rate of 89% and the signals are extremely easy to follow.

💸 What forex robot is most profitable?

We recommend Learn2Trade if you are looking to maximize your profits with a forex robot. Learn2Trade's robot has an 89% win rate, which is extremely good.

Forex Auto Trading Robot Sale Websites

Source: https://learnbonds.com/forex-trading/robots

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