As the Forex market gets more and more attention with the deficit of the dollar looming, so are the Expert Advisors that drive the more powerful players of the Forex game.
Why do 90% of forex traders lose? Traders are humans and like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions) we lack confidence, we have fear of what might happen and most importantly, we are usually (90% of the time) – inconsistent.
Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistantly give away their money to the other 10%. This, together with the illusion of
becoming millionaires overnight trading some “guru’s” trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and the so called guru’s.
An Expert Advisor is a “robot”. Robots beat humans at chess and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain
parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterises most traders.
The Expert Advisor...
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