Imagine staying home in your pajamas, watching t.v. all day while your own personal robot went to work for you. This mechanical slave could do all the brown nosing for you, listen to the same boring jokes over and over, catch up on the latest water cooler gossip, and best of all give the paycheck entirely to you.
More and more people are doing just that; or something similar anyway. Artificial intelligence is a long way from actually being contained in a life like android that does all the things we wish we didn’t have to. Since the beginning of the Internet people have been looking for ways to make money online. It has changed the way we trade the stock market, futures market, and currency markets.
Big name companies such as eTrade, Charles Schwab, Ameritrade, and the like are all popular names in the investment world. Online trading has become all the rage for people wanting to start out as Day Traders in the stock market.
One of the pitfalls of day trading the stock market is that the S.E.C. requires a minimum of $20,000 be deposited and maintained. Other markets such as the currency market, commonly known as Forex, allow accounts to be opened in any amount. Some companies only require a $50 deposit be made to open an account.
With Forex, many investors use trading robots. These Forex robots are often called Expert Advisors. Little or no trading knowledge is required use an Expert Advisor. Some Forex brokers such as TadawulFx offer free demo platforms with easy to follow instructions for downloading. Once the platform is downloaded onto the computer the trader installs the Expert Advisor. As long as the computer is on and connected to the internet the robot will be working.
The types of Forex Expert Advisors vary greatly. Some will make many small trades a day and some will make only one per week. They often come with settings that can be adjusted to the amount of risk the trader wishes to apply to the account.
Forex Expert Advisors range in prices from free open source to several thousand dollars. The cost of the program is not always indicative to the results, and like all trading there are inherent risks involved. Make sure to read the literature carefully with any broker or Forex Expert Advisor program.
Before investing any money it is highly recommended to utilize as much free material as possible to get the hang of how things work. Sites such as BabyPips, ForexFactory, and FXStreet offer plenty of free information. Free trading platforms and practice accounts can be downloaded from TadawulFx.
Remember that no one cares more about your money than you do. Make sure to do your due diligence before buying or investing in any product that claims to make you money.
With a little luck you may just have a robot go to work for you after all.