The story is told of how a group of poor and uneducated Indian children were taken from the streets and turned loose in a large hall full of computers. Within twenty minutes they had them up and running without any instructions from outside. These are the sort of beginners who can find their way into auto forex trading. They are aware of the Internet and all its benefits.
The vast market can absorb any number of new entrants and will only become more volatile and dynamic the more players there are. Moreover the very many brokers that ply their trade in the market will welcome new traders and provide opportunities to learn and practice. Unfortunately the risk to traders of losing everything is something that requires courage to contend with.
Any ordinary person can become a trader and dream about making a vast fortune as a trader. As is the case with the American dream, it does not come true for everyone. However, the fact that it can indisputably become a reality improves the quality of life. Where there is hope there is life. In this case hope is not unreasonable.
There is no shortage of information about how to become president of the USA, but few manage it. Similarly, there is a great deal of information and advice about how to trade the foreign exchange market successfully but statistics suggest that many fail altogether and eventually give up.
In many games there is a discrepancy between theory and practice. The time that elapses between an opponent’s shot and the necessary return is insufficient to allow for consideration of theory. A poor player may be a theoretical expert. Good players have practiced and trained until theory becomes instinctive in practice. This analogy holds true for forex trading.
Playing the forex market manually presents similar problems. The theories of technical analysis and candlestick charting may be applicable, but the risks involved in working them a put and applying them practice are sufficient to empty many an account. The candlestick pattern emerges always in hindsight and experts explain on TV how profits could have been made if you had done this or that. They use the perfect past tense because the opportunity has come and gone too quickly to grasp.
First the forex market became accessible to ordinary people. Now the tools that are needed to make it work more effectively are becoming available. Certainly, they are not infallible but they are the mark of professionals who have used them effectively in the past. Something like the forex market does not stagnate and forex auto trading will need to update and adapt constantly. Nevertheless automated trading software represents greater hope for success in the future.
View live tests on real money of the best auto forex trading software on the Forex Robot Examiner website of Rudolf Boquiren.
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