Forex Auto-Trading Robots; Do They Work? April 5, 2017 There has been much controversy in the foreign exchange industry lately, as a huge number of auto-trading robots hit the market and entice new traders to utilise them, in order to make a quick buck. If only these promises held some truth. The fact of the matter is that very few auto trading systems actually work. If they did, people would be using them with vast amounts of money, and would all be relaxing on the sandy beaches of Hawaii, with no financial burdens or worries. Take a trip to Hawaii if you have two, and look at the beaches. There are very few people there. Clearly, this illustrates the lack of success that many people have with the auto trading robots that are currently available on the market. Having found that most auto-trading Forex robots are rubbish, is it correct to state that every single foreign-exchange trading tool is garbage? Unequivocally – no. However, what we will admit is that you do need to do a lot of research in order to get your facts straight, and find a program that will indeed benefit your foreign-exchange account. By “benefit”, we mean pushing it to levels which you may not have been able to achieve with your own trading. How They Work So, how do auto-trading robots work anyway? The answer is really quite simple. Most robots require that you subscribe to a charting service, and then attach them as an API directly onto the chart. This means that for as long as you have the chart is open, and an Internet connection available, the robot will monitor what is going on in the foreign exchange markets, and look for similarities between its rules in the back-end, and things which are happening right there on the chart. As soon as something strikes a similarity, it will place a trade through your designated trading platform. As you can imagine, this takes quite a bit of setup, however for the experienced professional – it will be well within their abilities. Additionally, most auto Forex robots come with a very detailed instruction guide so that even beginners can work them through. So if you are considering using an auto trading Forex robot, make sure that you do adequate research to find one really does provide the framework for a positive return. Otherwise, you run the risk of falling into the same trap as many investors have done in the past, and losing money as no fault of your own.