What is a forex expert advisor?
I have seen many ads on the internet that say something like this:
We are offering you, 2 of our best sellers Expert Advisors, select 2 from the next list:
SAFE NEWS EA or
CORRELATION HEDGE EA or
TRADE THE CABLE EA
I want to kow what this is talking about, and what a forex expert advisor is?
Thanks.
other sites and posts
- Bit Stampede » Blog Archive
» Working on something new - Net Internet Marketer Mistakes So That You Prevent That Will Strengthen Your Trusty Income
- (Internet Marketing Video) Made Easy | Feed-Xmlrss.com | News Feeds
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Category: Automated Forex Trading
First of all Bob needs to get his facts straight. Forex is NOT a futures market. Because it’s highly leveraged like futures doesn’t mean it’s futures. Forex is the currency markets, where you trade a currency pair like the EUR/USD or USD/JPY.
Is it risky? Yes. But so is driving. How many people get killed on American Highways everyday? Does that mean you should not drive? If you drive safely, defensively, and watch your speed, etc., then you greatly increase the chances of getting to your destination safely. Same thing with trading.
It kills me when these people make general comments like that. Everything has an element of risk to it, but it doesn’t mean you shouldn’t do it.
And FX used to be for the big boys only. Prior to the early 90′s if you wanted to trade FX, you needed a net worth of at least $10 million and an account minimum of $1 million. But, today you can open an account with as little as $100. Other things like stocks, options, futures, etc. you need to have at least $5,000 to open an account.
Now to answer your question an Expert Advisor is basically an automated trading robot. It’s just a system that’s automated and will trade your account for you.
Hope this helps.