Forex Robots Vs Forex Mutant Signals Software
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All the craze these days have been on Forex Robots and how easy it is to trade with them. Seeing that it doesn’t take any forex trading experience and the forex robot trades automatically on autopilot, I can see why they are so attractive to new forex traders. However, what people don’t realize is that they are putting their trust and money into a robot that they don’t even know, or how it trades for that matter. Usually in the end, these robots falter and lose money or end up wiping out the users account entirely. As users see this happening more and more, they are looking for other alternatives or short cuts to forex riches. A more controlled approach that puts more control into the traders hands. This is exactly why Forex Signals Software has been gaining more and more popularity in the past few months.
One such signals software is the Forex Mutant, which is set to be released on December 21st. This signals software was created by Lee Campbell who is taking technology to a new level in forex trading. Instead of creating another forex robot that would just trade for its users on autopilot, he realizes the benefit of the user making trades for themselves.
First, the Forex Mutant Signals Software actually alerts the user when a potentially profitable trade has been identified and provides them with the exact entry and exit points for the trade. Its then ultimately up to the user to place the trade accordingly. This allows the user to start getting a feel for how the forex market works and how to place trades in the forex markets. So while it helps the users make money, its also educating them in the process. Unlike forex robots where it doesn’t educate the user at all since there is no interaction.
Secondly, this signals software allows its users flexibility. The user has the end decision whether they place the trade or not. So you can pick and choose which trades you make. And if you place a trade that loses money, next time, you will learn from that trade and not make the same mistake twice. Unlike forex robots, where if they place a bad trade, they keep doing it over and over and never learn from mistakes.
Lastly, you know your money is safe since you are placing the trades. Since you have ultimate control over what stop loss and what take profit values are set at, you can set these to coincide with your risk management rules. Some people say not to risk over 2% of your total account on any one trade, but with this type of control, you make our own rules and can adjust this up or down as you see fit to your preferences. Unlike forex robots, they have their own built in money management rules which may or may not be up to your standards and you cannot change on them fly.
With all these factors considered, it is easy to see why plenty of experienced traders do not use forex trading robots, but rather forex signals software. Real traders like to have control over their trades and their money. The human mind has many benefits over a robot when it comes to an ever changing and volatile market like forex. It can learn, develop, and adjust accordingly from its past experiences and ultimately make larger profits over the long term.
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However, this signals software is not just for experienced traders. It can easily be used by beginners as well. As mentioned before, the software provides you the exacty entry and exit points for the trades it identifies, and placing a trade manually is pretty self explanatory after you make your first trade. This is why you always test a strategy on a demo account first, so you are not risking any real money. Once you are comfortable with it, then you change to a live account with real money. But I can tell you from experience that it will only take 3-4 trades until you are at ease with making your own trades on a demo account before you are ready for live trading.
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