Forex robots or forex autopilots are fully integrated and automated systems that work like an ideal forex trader who cannot commit any wrong. It achieves this almost utopian perfection by two ways. It does what is humanly impossible and does not what is possible for a human. For example, it takes to the trade round the clock - 24/7 - which is not humanly possible. It has a foolproof system that is backed by mathematical calculations and experience of top rated industry professionals. These smart, super fast computers can analyze trillions of data within fraction of seconds with complete precision which is beyond human capacity. As the whole systems are entirely mechanical, it is not free to make judgmental error like a human being.
Technical and fundamental analyses are extremely important for forex trading. Innumerable indicators are developed depending on each unique method of analysis. Some indicators are dedicated for scalpers and some are for day traders. But forex robots like Forex Tracer or Forex Killer has the electronic memory to keep track of every detail. You need to initialize the system depending on the strategy you are comfortable into and let the autopilot take the justified decisions. As the systems are attuned with your specified judgment, they cannot go wrong by taking wrong decision, which a human trader tend to make.
Forex Robots - What You Need to Know
