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HOW TO EARN A PASSIVE INCOME OF AT LEAST $1000 MONTHLY

MAKE MONEY WHILE YOU SLEEP

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

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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.

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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.

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I will explain everything you need to know about how forex robots work, there are a lot of them out there, but I will be recommending a tried, tested & trusted one.

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.

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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.

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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.

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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

Introducing the Best Forex Robot for 2022 - IPCapital

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IPCapital consider itself a pioneering broker. Founded in 2006, which is considered a lifetime in the online trading industry. In fact, IPCapital was one f the first Forex trading platforms to be made available to retail traders. In that time, IPCapital have built a solid reputation and believe it is incumbent to protect that reputation and maintain a strong relationship with clients.

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Being one of the most highly regulated online brokers out there to offer CFD trading online, this gives traders on the platform a level of confidence and trust. This robot gives a guaranteed ROI between 10% and 45% monthly; 45% being the maximum it can do with the genius BOT.

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If you want to know more about this robot, just signup here and join our 247xchanger IPCcapital whatsapp group for more information.

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