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I
know many new traders are absolutely fascinated
with the idea of Forex EAs. If you have
been living in a cave for the last few years,
and don't know what Forex EAs are, they are
basically a software script that will trade the
forex market on autopilot without any kind of
human intervention. So basically, as long
as your computer is turned on and you have an
internet connection, these scripts will trade
the market for you. You might have
guessed that this is not the way most trading
purists have traded historically.
 So I am assuming that you I
have peaked your interest. You might
have even said "wow, that's
amazing". I can certainly understand
why many traders (especially those that
have not have had any success) are so
enamored with the idea of Forex
EAs.
How could you not be? After
all, it's like a dream come true. You can
trade the market without having to do any of
the work.
Now, I want you to think
about this realistically, and answer this
question. Do you honestly think that
these Forex EAs work?
If you answered yes, then I
am afraid you are not answering the question
honestly. I know you probably
want them to
work. Who wouldn't???
But let's face facts.
The markets are not and cannot ever be
programmable. When you trade, you have to
be able to roll with the punches. You
have to stick your nose in there and see what
the market is doing. This is what getting
a forex trading
education is all about.
Do you truthfully expect
these forex EAs to be able to trade the market
after Non-farm payroll numbers come in or when
the Fed makes an interest rate
decision? If you do, then I am
afraid you are not being realistic.
The moment you stop thinking
about gimmicks like Forex EAs is the moment you
start taking trading seriously. I can
assure you that the most successful traders in
the world will never let somebody else trade
their account for them, much less an inanimate
piece of software.
Check
out Trading In The
Buff to Learn How To Trade
Forex Successfully Just Using Price
Action.
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