Friday, November 13, 2009

Forex Robots

Nowadays, Forex Robots have been center of discussion and controversy, people are always studkc in the same question : Do they really work? How can a robot make a man's job ? will a robot be able to do a human job as well as we do? In most areas the anser could be, no, robots cannt run a company, robots can't intereact well with people, can't sing, cook, act or take decisions, among other things, but what robots can do, and probably even better than humans, is staistics and mathematics, and thats that Forex market is all about.
The movement on this market are repsented in charts and digits, and that's what people analyze in order to make a good trade, they base their judgement, about buying or selling , on what happend and what could happen. This is also called trend following. This is more or less what and investor does when trading on Forex market: he chooses a chart to analyze, for example USD/EUR currencey exchange charte, follows its trend , draw conclusions from it and based on his judgment makes a trade at an specific time in which he thinks he could buy that currency on its lowest price, then he redo the process , but this time, trying to sell the currency he just bought at a higher price at which he bough it to genrate a profit.

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