gaban Posted January 7, 2014 Share Posted January 7, 2014 disadvantages using a robot is price very expensive . So we have to spend a lot of money to buy a robot. And not necessarily buy a robot that we can generate a profit. If we are wrong in choosing the robot we will only spend money. Quote Link to comment Share on other sites More sharing options...
Decub Posted February 19, 2014 Share Posted February 19, 2014 But there are robots you can get for less than $200. And very nice too that can make you profit. Trading with Forex robots are generally not reliable as you can easily lose with it. There is an increased tendency to lose when you trade with robots especially If you don't have that trading skill to monitor it. Quote Link to comment Share on other sites More sharing options...
standart Posted February 19, 2014 Share Posted February 19, 2014 use robots is one of instant way to become profitable. however, don't ever think that robots are perfect. they are have huge weaknesses where if traders unaware with it, they'll losing high amount of money. robots unable to adapt with every of market circumstances. they are designed with rigid formula which basically, unable to be flexible to deal with dynamic markets. Quote Link to comment Share on other sites More sharing options...
adil007 Posted February 19, 2014 Share Posted February 19, 2014 Well I personally do not want to advise anyone to use forex trading robots, this is just like draining money because we are spending for using these robots and if they do not make us profit this is just like a double loss for us then so I just like to go for manual trading over automated trading. Quote Link to comment Share on other sites More sharing options...
standart Posted February 20, 2014 Share Posted February 20, 2014 seems easy to let the robot work to give trading signals and traders enough by follow the signals. easy and no effort to analyze the market. however, robot doesn't always reliable. they are work good in particular market situations only while in other form of market circumstances, robot perform worst. Quote Link to comment Share on other sites More sharing options...
tray22 Posted February 22, 2014 Share Posted February 22, 2014 Forex trading robot is not good to me because in forex trading robot if you are type that do use robot to trade you will become lazy as everything that you ever wanted will be base on the robot , i dont like trading with robot I beleive in doing my trade personally just to obtain my set goels Quote Link to comment Share on other sites More sharing options...
Decub Posted February 26, 2014 Share Posted February 26, 2014 Another disadvantage is also that robots are programmed for a particular market of which they should excel. Anything short of that only means there are tendencies they wouldn't perform beyond about average robot. It is always better for a trader who wishes to make use of a trading robot to look out for that which is reliable and according to his own style of trading. Quote Link to comment Share on other sites More sharing options...
standart Posted March 10, 2014 Share Posted March 10, 2014 robot basically is manual trading system which made to be automatic. quality of robot depend on trading system. if system good, robot work good too. but if system lousy, traders can expect robot will work appropriately. disadvantage or robot is unable to adapt with changes on market very quick. Quote Link to comment Share on other sites More sharing options...
tray22 Posted March 31, 2014 Share Posted March 31, 2014 Forex market have so many nagetive impact in forex trading market because from what i know the risk that is here is too much for a mare person to think about any moment the market changes without notification and this is not good at all forex is just one of those market which you could do at any time Quote Link to comment Share on other sites More sharing options...
Decub Posted April 2, 2014 Share Posted April 2, 2014 One big disadvantage of using a robot is that of fake robot. A robot with a very wrong programming is bound to fail. There are so many sides to it because even when the trader is skilled in making use of it, it will always make him lose due to the fact that it has a lot of mal functions already. Quote Link to comment Share on other sites More sharing options...
rexway Posted April 5, 2014 Share Posted April 5, 2014 Forex robot have no specific disadvantages they help the traders who have no much knowledge on how to trade to take good advantages of the trading opportunity. But robot will always make you become lazy if you dont take proper training on how to use it as well Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted April 6, 2014 Share Posted April 6, 2014 dear if we use robot then we can take profit if robot make the trade with good skill but we can not gain the experience about the forex if we can use the robot in forex .we have to know the forex basic so that we can get profit every time by making trade with our mind. Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted April 7, 2014 Share Posted April 7, 2014 robot is rather expensive as well as On top of that, it's expire date to use.maybe in 3 months we could probably get earnings...but following that when recent market place goes in other way, robotic cannot predict the appropriate affliction to open up trade. Quote Link to comment Share on other sites More sharing options...
standart Posted April 8, 2014 Share Posted April 8, 2014 robots unable to adapt with changes quickly. they are made based on rigid formula which it work in specific circumstances only. and if it change, robot start to work lousy. so, advisable to traders to use the robot in demo account first in order to know in which circumstances, the robot work good and reliable. so, trader will know when to activate robot when situation doesn't support the robot to be workable. Quote Link to comment Share on other sites More sharing options...
Decub Posted April 10, 2014 Share Posted April 10, 2014 @waseem, there are free robots though but the truth is that before you get a robot that you can rely on, you yourself should as well have that knowledge of how to control and manage robots. Trading with robots can make you lose and even blow up your account if you don't have that knowledge to use and manage them well. Quote Link to comment Share on other sites More sharing options...
Stekin Posted April 15, 2014 Share Posted April 15, 2014 The disadvantages of forex robot is big because if you are trading with a robot, you will not be able to make good profit with it because forex robots does not work fine all the time. It is good that the traders should first of all learn how to trade with the forex robots. Quote Link to comment Share on other sites More sharing options...
standart Posted April 15, 2014 Share Posted April 15, 2014 robot will make traders to be lazy in learning. enough by waiting signals from robot and then, they can open position. no effort in analysis and traders won't make any progress in knowledge and trading result. even there are robots which able to trade automatic. it even will make traders lazier. Quote Link to comment Share on other sites More sharing options...
Decub Posted April 25, 2014 Share Posted April 25, 2014 Robots also has a better part of it. At least, it is not easy having something that would trade for you when you are away but the trader has to understand that it requires a dual knowledge. One is that of your knowledge about the business and in this case, the type of trader you are, another thing is that it requires that you know how to use robots. Quote Link to comment Share on other sites More sharing options...
budado Posted July 28, 2014 Share Posted July 28, 2014 I just do feel that its not worth it to keep on thinking that bots are disadvantage. Bots are tools and not matter what the result of the trade its not bot fault but us users. We must understand that we take forex trading bot as program and that means its been created by human and operated by human. So if you have a good programmer and good trader you have good bot. Quote Link to comment Share on other sites More sharing options...
Stekin Posted August 4, 2014 Share Posted August 4, 2014 The big advantage that this thing has is that it will make you to lose. If the trader is not the type of trader who has experience in making use of forex robots, then he or she is going to lose from making use of it and it is possible to have all your account wiped as a result of the use of forex robots. Quote Link to comment Share on other sites More sharing options...
Decub Posted August 5, 2014 Share Posted August 5, 2014 Robots also have advantages the same way it has disadvantages. One of the bad things with it is that most often, you wouldn't even know the one that is good and at the end of it, you will end up losing a lot of money due to its faulty nature. Quote Link to comment Share on other sites More sharing options...
budado Posted August 11, 2014 Share Posted August 11, 2014 If you don't want to use bot then fine. But if you are using a bot then I don't see any disadvantage on that. Most people who say they loss money using a bot actually either don't use a bot and pretend that they did and loss. Or they do use a bot but does not know how to use a bot properly. This is the main reason why we need to focus on learning and then earning in forex. Quote Link to comment Share on other sites More sharing options...
standart Posted September 11, 2014 Share Posted September 11, 2014 robots available to help traders to trade automatic. following signals which lead traders to gain profit. however, robots has no ability to adapt with dynamic circumstances. they won't work when formula does not adapt with current market situations and volatility. at such phase, traders will deal with losses. Quote Link to comment Share on other sites More sharing options...
arsii619 Posted September 12, 2014 Share Posted September 12, 2014 There are many disadvanteges of forex robot. first of all its running some set of rules. it doesnt have any emotions or idea what to do on certain condition when market suddenly chnges. it does it work as instructed either we are in loss or profit. Quote Link to comment Share on other sites More sharing options...
standart Posted September 12, 2014 Share Posted September 12, 2014 robots can make traders lazy, they are don't want to take learning anymore since has been profitable by use robots. however, robots basically provide slow progress. since they are unable to adapt with market circumstances all the time. there are phase when robot formula unable to work due to situations on market changed. Quote Link to comment Share on other sites More sharing options...
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