Forex trading is an art that one cannot master in a day without specific help. But despite the challenges, a lot of newcomers start their forex trading career by developing their skills slowly which results in steady profit growth. If you have ever traded forex pairs then you must have heard that there are only two ways to do it. One is manual forex trading and the other is trading with the help of automated tools like some of the best forex robots. But there is a catch in case you wish to try out automated trading.
The market is full of options when you search for the best forex robots but only a few of them can be trusted with real money to work properly. For this reason, a lot of first-timers who end up making the wrong choice, tend to lose their capital in a matter of hours. But those who make sure to learn about different forex robots along with their pros and cons, end up having a safe and usually successful forex trading experience with the best forex robots.
Read on to see a comparison between 5 such FX robots:
- GPS Forex Robot
The mastermind behind the GPS forex robot is an expert in forex trading for over 16 years, named Mark Larsen. This robot was developed to follow a bulletproof forex trading methodology to guarantee a safe and profitable experience for all traders, new or veteran. This one is considered one of the most authentic forex tools.
Pros:
- It is super fast and highly accurate when it comes to performing trading-related tasks.
- Highly customisation options make it easy to turn this robot into your own personal favourite.
- This useful tool is available at a one-time fee which is quite affordable for most fx enthusiasts.
- Learn2Trade
Among some of the longest-running and successful forex robots, this platform is a renowned one. Several forex traders have trusted and used its forex signals for many years now due to its efficiency and excellent support. It offers highly accurate forex signals for anyone to trade easily without putting their trading position.
Pros:
- This robot utilized highly advanced technologies to ensure that users can trade with an edge over the market.
- It offers 5 types of subscription plans that suit all types of traders.
- This quality forex signals provider also offers a money-back guarantee.
- WallStreet Forex Robot
For trading forex pairs, you need a capable forex robot that can handle different types of trading strategies without crashing or malfunctioning. This particular robot does just that for all of its userbase. This automated trading tool has a money management algorithm and order management systems which makes it one of the best forex robots to exist.
Pros:
- There are several additional features and benefits of the WallStreet forex robot that the development team releases with each new update.
- It is tested and retested by a team of experts frequently to ensure proper working conditions.
- ForexFury
The team behind this all-rounder automated forex trading tool is one of the most popular ones in the industry. Forex Fury is known for its amazing functions and features that put it on the list of best forex trading robots. You can easily find verified backtest results and reviews about this one all over the internet.
Pros:
- It supports MT4 and MT5 forex trading platforms for tradersā convenience.
- You can choose any broker from the list of supported ones.
- This robot is suitable for almost all forex pairs and brings great results whenever you use it.
- It comes with an easy installation process.
- Forex Trendy
Another powerful automated trading forex robot that is used and trusted by several traders is Forex Trendy. It works on a sophisticated algorithm designed to make it work like one of the best forex robots in the market by decreasing risks associated with trades and indicating profitable trading decisions for traders.
Pros:
- It is quite powerful and is capable of defecting price action and determining trends.
- Users get full access to live charts of several forex pairs that they are interested in.
- You can set audible and email alerts for new and completed patterns.