Do Forex robots work?
Yes, most Forex automated robots work.
Nevertheless, numerous Forex trading automated robots available online today do not work, so you must do due diligence before choosing the one to use.
When the trading robots were introduced to the forex market, they drew a lot of attention from traders and investors because they helped traders make more profits for the investors. As expected within a couple of years, the market was flooded with lots of other half-baked automated trading robots.
What qualifies a competent trading robot?
An adequately designed trading robot should consistently make a profit for the trader. That is obviously why the system was created in the first place. A well-trained trading robot should trade better than humans who are doing it manually. If a human performing market analysis, processing information, and placing trade order outperforms a robot, that is not a robot you should use.
Hedge funds and other financial institutions have been using the trading robots, and they are currently expanding the capabilities of such technologies. This is a clear indication that the robots work. The big question is, does your robot work? If you want to know a robot that works, check out the cityfxbroker.com robots.