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Choosing a Forex Trading Robot Suitable For Beginners

During the  current  pandemic situation, various business sectors  are increasingly hampered,  the sad fact  is , some people may be  in  danger of losing their livelihoods  in making a living or the cost of daily life.

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However, during the pandemic atmosphere  that has been getting hotter recently, there  is  one  type of investment that is very popular with many people  from  various circles, ranging from Young People, People    Adults, Parents, both ordinary people, public figures and influencers, also really like this type of investment.    This investment is  a Forex Trading  Investment which is a buying and selling transaction or trading of  foreign  currencies   (foreign exchange / forex).   This investment is included in the High   Risk, High Return category. Well, because it is a category of High  Risk investment, High Return, of course, we need to  study various kinds of  fundamentals and analyses needed to make this type of investment.   To make it easier for   beginners to  trade, there is a  tool called a Trading Robot.   But with so many  Trading Robot tools  out there  ,  which  one is suitable for a beginner so as not to make   the  wrong choice? Well   , check out the following tips!

In  making    investments,  we must  be really careful in making  every decision.  Moreover,  forex  investments are made   within  24 hours,  therefore, decisions cannot be made recklessly,  in order to reduce the  risk of losses in investing.

This  cautious attitude also needs to be applied when  choosing the right Trading Robot  that will be used as a tool  in making transactions on forex trading. This Trading Robot is highly recommended for  beginners, as it uses Expert Advisor or EA  technology to  perform a wide variety of analyses and possibilities used to retrieve decisions in trading.

By choosing the right Forex Trading Robot  ,  investments can be made more safely, with a  lower level of risk.   As a  tool or supporting tool  in  investing, forex trading robots have an important role in making profits from the  investments we make.

For a beginner, choosing which robot is suitable will be  quite a difficult challenge. There are several things to  consider, such as, Legality and track record of the company. It would be  even better, if the  company that offers Forex Trading Robot  services has been  registered and cooperates   with a futures investment company that has bagged a   BAPPEBTI license.

For example,   PT Teknologi Otomatis Rocket,  a forex trading robot provider that has  collaborated with PT HFX Internasional Berjangka, which has been licensed by the  Commodity   Futures Trading Supervision Agency  or BAPPEBTI.

In addition, there are several things that need to be considered in choosing a Forex  Trading Robot, here we present some tips that   you can do as a beginner, in  choosing a Forex    Tradi Robot   best.

  • A good Forex Trading Robot, has been  tested for a long  time, one of   the determinants of the best Trading Robot  is that it has gone through a  trial process for  a  long  time. Robots that are not fake, will usually  upload the results of their analysis on myfxbook and fxblue then look for   robots with promising results  and have been tested for many years.
  • The robot must be tested by means of a forward test (LIVE TRADE), what is it? Forward test is a way of testing robots in the real market. It's different from a back test or strategy tester.  If the back test is  a robot  test using simulation data  or past data  (no slippage, no requote, no gap, hal2 it  cannot be detected), so the results  are not accurate.  If the  results of this  forward test are accurate because the  robot is tested in the  market situation that  occurred at that  time. So, robots also experience slippage, requotes, gaps etc.  Especially if the robot is tested with forward tests for many years.  The better the robot.    Keep in mind, don't choose a backtest robot   . Although the robot has been tested  for many years, if it is  tested with a  backtest,    it is better not to choose the robot.
  • Do  not use  robots that use dangerous trading techniques, one of  the dangerous trading  techniques is artingale and averaging.   Why are both techniques  dangerous? Because if the  floating position is  minus, then the  lot will continue to be added until the position is profitable.  If the market  reverses  , it's gpp, if not,  how about it. So in essence, if you  use both trading techniques,  the minuses generated  are big but the profit you get is  small. So that's why the technique should not be  used in trading investments.
  • Choose a Robot with good Risk Management, the drawdown  of the robot  should not exceed 40%. If the robot's drawdown is 50% then the  robot is a bit risky. Drawdown is a  loss experienced compared to capital.
  • Choose a robot that  uses a Real Account instead of   a Demo Account, with this you  will get more  guarantees because it uses paid  features instead of free
  • Beware of  robots that use Cent  accounts,  Account Cent means marking up the actual value, so it's as if we have large funds  , but they don't.   Also be careful  with    robots that promise large profits   with consistent income, because they are like too good to be true.
  • Choose a robot that has cooperation  with a credible broker, the intention is to choose a robot that uses or   cooperates  with a clear and regulated broker.  The characteristics of a regulated broker  are that it  is not a  bookie, does not accept funds from third parties, and what is certain is  that a regulated broker   is a  well-known and  name-named  broker  . The easiest way  you can do this is  to see if the  broker is covered  by well-known media  such as Forbes, Bloomberg, CNBC, etc.  In addition, for brokers in Indonesia, you can also  check whether the broker  has been registered with BAPPEBTI or not.
  • A good  robot  usually has been tested for at least 1 year using  the  Forward Test method

Those were the  various tips that we provide for you beginners  in Forex  Trading Investment in determining the best Forex Trading Robot.   To add to  your deeper knowledge about Forex Trading Robots,  you  can search for various kinds of information and references on the website such as Robotforex.com  and customize the Robot and Broker you want.   That's all from us, hopefully useful, happy investing and success always!.