The offer of using a forex robot when investing in foreign exchange (forex) or foreign exchange (forex) is increasingly milling about online. The ease and potential benefits of using a forex trading robot are indeed tempting. However, it's good for investors to keep in mind that the risk is impossible to go away.
President Commissioner of HFX International Futures Sutopo Widodo said trading robots were once very popular among traders in 2007. However, recently the promotions carried out by trading robot peddlers have expanded to the public. This makes many people who want to get to know the world of forex trading but have limited market analysis skills.
The emergence of this forex trading robot is also the answer for investors who want to invest practically or have not had time to learn technical and fundamental analysis. Trading robots can also help investors to control emotions when transacting.
This can be done because the trading robot can automatically carry out transactions with a more measured analysis. But you also can't just rely on the forex robots and best forex brokers.
Sutopo explained that each trading robot has its system and strategy. By using a trading robot, investors can minimize the emotional and psychological influence of themselves when making transactions. Of course, it is not uncommon for fear, doubt, or greed to often approach when making transactions.
Using Forex Robots to Make It Easy for Investors
However, using a forex robot still has weaknesses. Sutopo said trading robots cannot fundamentally read and analyse news that may appear suddenly. In the end, the risk remains. In addition to the risks when transacting, Sutopo reminded that investors should be able to choose a credible forex trading robot so as not to lead investors to money game crimes.
Before buying a trading robot service, it is a good idea for investors to check the robot's trading history both in real and back test. Although, history does not guarantee the same in the future.
The characteristics of a credible trading robot are always updating (updating) with market conditions and manual interference. Sutopo reminded investors to analyse and know the trading system used, how to manage risk, and profit percentage.
Investors are also good at checking and testing whether the trading robot can be used in a real broker or forex broker. Currently, there are many incidents of money games in the name of trading robots and it ends up being a scam. Investors also must check whether transactions can be detected or not.
Using a forex robot aka fake money games usually cannot be used in estate broker and cannot be detected transaction. Money games usually only use certain forex brokers whose origins are not clear, so that all transactions that occur need to be questioned.
Observations for Using This Robot Technology
To Sutopo's knowledge, regulations governing the details of trading robots have not yet existed. According to Sutopo, a trading robot is automatic trading made based on the trader's technical analysis through indicators.
The Director of TRFX Garuda Berjangka Ibrahim observes that the number of trading robots that make transactions at Indonesian brokers is not as many as trading robots that transact in foreign brokers. You can also join the Didimax forex broker to learn how to become a professional trader.
Trading robots that transact in foreign brokers are more prevalent because the spread and commission set are smaller than domestic broker transactions. It is not surprising that in the end, many trading robots in Indonesia collaborate with foreign brokers because Ibrahim noted the potential for the Indonesian market is large. Of the total population of Indonesia, 30% invest in foreign currency.
A financial planner from Financial Consulting, Eko Endarto, said that it would be good for trading robot vendors to include a disclaimer that their services cannot determine with certainty the conditions that will occur in the future. Investors should also check the percentage of success and failure when using a forex robot.
