What is a trading robot?

The arrival of trading robots has revolutionized the world of trading. Focus on these automated trading software.

Definition of a trading robot

Still known as EA (Expert Advisor), the trading robot is automated software that performs buy and sell orders for Forex bonus assets for you. Technically, it is responsible for opening and closing trading orders every day of the week according to a programming code.

This computer software relies on trend forex trading nz from the financial market to make investments based on asset prices.

Their use is simplified thanks to the presence of algorithms which carry out successive buy and sell orders. Thus, a trading bot is able to process 7,000 orders on average in a period of time.

Sectors in which bots operate

Some Australian forex brokers are specific to certain industries, the most notable being Canadian forex brokers reviews and Cryptocurrency and Stocks.

On the one hand, Forex trading in south Africa and stock trading robots will operate on the stock exchange and place orders there according to the programming code to which it is attached. On the other hand, crypto trading robots will operate Forex Australia , such as Bitcoin, on different markets.

Trading bots: for whom?

The biggest beneficiaries of this software are mainly novice traders. Beginners can easily invest money in it. No need to have advanced computer skills to use them. Just be sure to follow the instructions issued to start trades.

However, many scams exist and even bots considered to be among the trustworthy will never be able to guarantee automatic gains, due to the very nature of xm withdrawal. It is therefore important to master web trading before programming a trading robot .

How does a trading robot work?

The automatic and autonomous forex trading sa requires programming in order to try to optimize the gains. For this, the trading robot is based on mathematical algorithms issued by professionals in the financial markets. These legacyfx speculations then make it possible to forecast trading trends and movements in order to make a rational investment decision. If an investment Deriv trading strategy presents a risk, the AI ​​(Artificial Intelligence) of the bot trading will be put to the test in order to unearth any profits.

Automatic trading bots can can operate through fundamental analysis or technical analysis best online forex trading platform uk Fundamental analysis.

The fundamental analysis is a mechanism used in the financial industry to trigger movements and find profitable investments. We distinguish here two trading online practices, namely the screening and publication of economic indicators

Technical analysis

The technical analysis is to detect predictable patterns by studying the course of cryptomonnaie, the currency pair or action. For example, the online trading platform Canada is able to synthesize what humans cannot do, based on hundreds of parameters.

The best trading robots in 2020

Our guide presents Bitcoin trading uk and  as among the trading robots available and operational for French users in this year 2020. Alongside them, we can mention other online trading bots that are not lacking in interest on the financial market.