Forex bot has been hailed as the holy grail of forex trading for many years now. Forex bot is a program, which is basically to analyze the market and execute trades automatically based on certain variables or settings specified by the user. You can navigate here to know more about Forex strategies.
However, while a lot of people to prove the effectiveness of the use of bots, some are saying that the bot is doing nothing but basically drain your account. For people who are new to Forex trading and who want to start making money on autopilot forex bot sounds great because all they need to do is to keep the bot running.
The success rate bot will mainly depend on how well programmed. bots are very advanced, which has been programmed to analyze the market using a number of different algorithms, to execute a higher percentage of profitable trades compared with those who are not very sophisticated.
There are probably thousands of bots low in the market that no other product of scammers who are looking for people who are looking for easy ways to make money. You need to find out from people who have used bots to the bot truly effective and that a waste of time.
Another thing people are encouraged to do is to run a bot, they have bought in demo mode for a few days before handling your live account. This will allow you to check exactly how successful this bot without losing money.