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If you are interested in automatic forex trading, then on this page you can find the best solutions for online currency trading! We have collected the best trading software for you in one catalog, which will help you become rich! Read this article and make forex market a place for professional trading!
What is automatic fx trading and how does it work?
So, automatic fx trading is carried out with the help of a special forex software. To be more precise, forex trader must install this program in its platform, which it downloaded in advance on the website of any Forex broker (for example, from the ICMarkets broker). Such a program (automatic forex system) completely independently and automatically analyzes the forex market and independently decides what to do next – make a deal or wait a little to find the best condition for trading.
As a rule, trading terminals (forex trading platforms) of MetaTrader 4 or Meta Trader 5 (a newer version of the Forex software) are used for automatic trading in the Forex market.
Of course, any Forex trader who uses automated programs wants profitable trading. That is, to get much more profit than loss. While the profitability of expert advisors (these programs) depends on the currency trading strategies (which are programmed in them). In simple words, each expert advisor for Forex uses its own strategy and money management system. Some Forex EA strategies are aggressively profitable (more than 30% profit per month), but dangerous. Some Forex Expert Advisors trading strategies have a small profitability (about 2-5% per month), but they are quite safe. You can choose… What is better for you: forex robot that earns a lot, but can destroy your money, or Forex EA, which earns little, but your capital will always be alive … However, there is always a golden mean – you can earn decently and almost without the risk of losing your capital.
Automatic FX investment and Forex trading strategies
Martingale Forex EA
So, all trading robots work according to a certain algorithm, which is programmed inside them in the code. For example, martingale is used by trading robots such as:
- X-Ray robot
- FX SECRET IMMORTAL
- GPS Forex robot
- Trade Explorer EA
- Fx Diverse EA
- FX Track Pro
- XFX EA
- FX STABILIZER
What is a martingale – it is an exponential increase in the size of the transaction to improve the overall trading position.
Grid Forex Expert Advisors
Scalping Forex bots
The scalping system is used by such expert advisors MT4 or MT5:
Scalping is the implementation of short-term trading operations with small trading goals. Scalptrader is often the best way to get a quick and big profit.
Often, these systems can be used in various combinations. That is, scalping together with martingale, the grid together with swing trading. Also, fx trade can be carried out on long-term intervals. In this case, trading turns into fx investment.
In any case, there is no best forex trading strategy that will perform equally well every day and every month. Sometimes the Forex robot brings losses, sometimes profits. If the Expert Advisor is good, then the profit is greater than the loss and the size of your capital will begin to grow actively!
Of course, if you have no experience in trading and using forex robots, then now you almost do not understand anything. A lot of new terminology and incomprehensible words. In fact, you don’t have to know all of this. After all, best forex trading robots work completely automatically. Accordingly, these automatic programs will make forex trading profit for you independently. All you need to do is buy Best FX EA, install it on the platform, and turn on the Auto-trade button. Everything else will be done by metatrader expert instead of you!!
How much money is needed to start?
Many metatrader experts do not need a lot of capital to start trading. Enough 100-200$, which the metatrader expert advisor will manage. That is, using a part of this capital to make transactions and make a profit.
However, there are experts who perform Algorithmic trading only if there is a large amount of money in the account. As a rule, for Grid experts or for Martingale forex expert advisor, you need at least $ 1000 in your account to start trading.
In simple words, forex trading for beginners can be carried out if you have 100 or more money in your trading account. Expert Advisor MT4 manages this money and uses it to earn you forex trading profit.
Profitable as possible, but dangerous
So, if you want a quick income, choose any profitable EA mt4 / 5 from our catalog. Just take the forex bot that has the maximum percentage of profitability. However, you need to understand that the more expert advisor in forex makes a profit, the more aggressive and dangerous strategy it uses. Grid EA MT4 and martingale EA robots can give you about 50-100% profit per month. However, it is very dangerous and you will risk losing all your money!
Best EA robots with maximum profitability is:
Safe, but small profit
If you are interested in the most secure trading, and you agree that it will bring only 2-5% profit per month, then choose the best EA for MT4: