Without any doubt everybody would like to have a program or a robot that would trade Forex automatically and make us profits without any efforts from our side. For many years traders have been looking for a perfect automatic strategy that would trade by itself and make money. Today there are many different programs in Singapore Forex trading that can trade automatically without any interference of a trader. Such programs can create a trading approach based on a certain Forex strategy with the ability to monitor the market, record the signals of opening and closing the trading positions, adjust the orders, etc.
In theory it sounds fantastic and promises to be a great choice for those who wish to make money trading Forex without any efforts. There is no doubt that automatic Forex trading programs have many advantages but the question is if a program can adjust itself to any market conditions and make accurate decisions when to buy and when to sell.
The biggest and experienced Singapore Forex traders and investors assure that despite of the multiple automatic programs they have in their disposal today they still prefer to trade by themselves following their own rules and strategies. Does it mean that all these programs are not reliable and don’t worth our time and money?
There is an opinion that the Forex market is too chaotic and unpredictable and only a live human eye and experienced mind can track its changes. No program can include the intelligence, knowledge and intuition of an experienced Forex trader who is constantly learning while trading Forex.
In this article we are not going to make a final conclusion either the automatic Forex trading is risky or not, let every trader choose his own approach to the market and decide weather to use the automatic trading programs or trade Forex by himself.