Contrary to the popular belief that retail Forex traders deal with discretionary trading strategies alone. That only the bigger hedge funds and banks are the ones that employ the use of automated trading algorithms. Well things are heading for a change. With the advent of the internet, industry experts and newcomers altogether are sharing their knowledge, strategies and expertise all over the web. In fact, aside from gathering on forums and blog comment boards, grouping together in physical local meetups is becoming a popular phenomenon as well.
Aside for the knowledge, the technology necessary for taking things to the next level is also made available freely by companies such as MetaQuotes. Their MetaTrader platform is currently the most popular trading platform for retail Forex traders around the world. The open source environment for building automated trading scripts makes everyone wonder at least once about what would it be, to own a profitable trading robot. However, there are a few drawbacks that you should be aware of before biting the hook too fast.
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