Welcome to the world of Forex trading robots. Many traders sing their praises and many traders sit on the sidelines skeptical. A lot of traders still haven't embraced the digital age and software almost seems like magic. They might use technology daily, but they're more gut feeling men and women and are mistrustful of technology.
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I'm not saying this is bad and I believe in using your gut to a point, but your gut can often be wrong. I think math and knowledge and intellectual decision making will always earn you more profit.
So having said that: Do Forex bots work?
Yes. Bu t sometimes the answer can be no. It depends on what bot you use. There are a lot of shoddy products out there. Like any industry you have your segment of con artists and scammers. But as a person who is a professional software tester and product reviewer I can tell you that there are some great Forex bots and at the end of this article you will find a link to the best Forex bot on the market. If for some reason you don't like a bot, you can always get your money back. All reputable bots have a return policy.
How to Know if a Forex Bot really works...
Simple. Don't use it live. Run it in test or demo mode first and manually check if the bot's picks and hypothetical trades made you money. You can run a dozen different trials and if you see the picks and trades would have made you money you know the Forex bot works. I recommend testing for a couple weeks so you grow comfortable with the Forex bot. Testing lets you know if the bot works and you have no financial risk.
In Isaac Asimov's classic story, "I Robot," the robots were all controlled by one central operator. That operator could change their dispositions at will and could send a message out to every single one of them with the simple push of a button. The robots, mostly, could not distinguish whether what they were doing was good or discord bot bad, all they knew was to follow the orders that were programmed into them.
The Internet has robots too--little spider bots that crawl web content--all web content. They look for duplicated material/plagiarism, spammed content and spam emails, threatening links (links that execute viruses) and any number of different variables. And, like Asimov's robots, these little "bots" only look for what they are programmed to look for. They aren't programmed to look at the content as a whole, only to search for key phrases or patterns. They aren't able to discern whether something is truly plagiarized or whether two different people each wrote what they believed to be unique content and for whatever reason ended up sounding remarkably similar.
This is troublesome because, with the case of Google's bots, these bots determine important aspects of your website--the page rank, for example, is determined by bots that are programmed to look for links. If your site has a lot of links, its page rank can go up. This is one of the reasons that paying Bloggers for "buzz" is so popular. A high page rank leads to a higher listing in Google Search results. And with SEO marketing designed to target the bots that look for search phrases, some pages are artificially raising their authority. It's also worrisome for new, overeager marketers who might accidentally come across as spammers because of their over zealous approach to marketing. Once determined a spammer a businessperson is in for a world of trouble, sometimes even on a federal level!
The best thing to do, if you are worried about the bots, is to make every effort to create original content and to read up on the habits of spammers so you'll know what to avoid. Be careful in your quest to gain links and be careful with those you give out. There is a careful balance between effective marketing, link building and Search Engine Optimization and a bunch of spam.
In Asimov's book, one robot (Sonny) went rogue and decided to not follow the orders programmed into him. As far as we know, none of the Google bots has done this yet, so make sure your business and marketing practices are all on the up and up!