What is an Automated Trading Software Should You Trade With Robots
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An automated trading software or trading robot is a programmed trading system that allows automated buying and selling of assets upon pre-defined rules. Or, in other words – a programmed clone of the trader. Some people also call them “Expert Advisors” or EAs. • But why are Expert Advisors (EAs) so popular? To find out, let’s start from traders’ priorities. • Successful traders’ most valuable quality is discipline and self-control. This means they have a strict plan and a set of rules (strategy) they adhere to. • On the other hand, the traders’ most precious asset is time. It is finite, and if they find a way to make the most out of it, they will significantly improve their efficiency. • Trading robots do just that. They are pre-programmed to follow a set of rules (the trader’s preferred strategy) and can trade tirelessly – 24/7/365. • Whether you want to know more about Automated Trading Software or any other topics, Earn2Trade has you covered! • ----------------------------------------------------------------------------------------------------------------------------------------------------- • Read more accessing our blog - https://e2t.to/38L0u6g • Get Funded With Earn2Trade! Challenge The Gauntlet Mini™, our intraday futures trading evaluation. • The Gauntlet Mini™: https://e2t.to/yt-mini-en • 0:00 Music intro • 0:13 Intro • 1:17 What is automated trading? • 4: 10 How it works • 6:02 What does it do? • 7:40 Risks associated with robot trading • 10:40 Pros • 12:28 Potential cons • 14:17 Final thoughts
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