Gold EA

Dec 27

If you want to trade gold you can always look for a good gold ea on the internet.

Forex (Foreign Exchange) is the English word for foreign exchange market. A basic and constant market in which currency pairs are mutually divided. You make money by buying and selling at the right time.

This market decides the exchange rate for all currencies.

First of all, because the Forex market is the largest financial market in the world with a trading volume of no less than 6.6 trillion per day (!). You can imagine that for this reason there are a lot of people who would like to take advantage of this.

The reason for a negative attitude towards the Forex world is understandable. Besides the fact that 90% of all Forex Traders lose out on the idea of getting rich and using a lot of leverage to increase profits and therefore also risk, it is a hotbed of scam practices. In every market where a lot of money can be earned, criminals are also active to abuse this and this also makes it so difficult to enter here as a layman.

I myself came into contact with Forex through a friend who referred me to an asset manager who has been successfully investing in this for years. I knew nothing about Forex, but the returns sounded very interesting! From that moment on I started to delve a bit more into this interesting yet seedy world.

It helped that I had taken a Day Trading course with Rob Wessels and already understood the basics, but after this course I found out that Day Trading is not for me. To sit all day long at a screen with trembling sweaty hands, afraid of making the wrong choices was not quite my thing. I want to get something going, but then I don't have to worry about it anymore.

Because Forex trading can be time-consuming and requires the necessary knowledge and experience, there are smaller FinTech companies that have plunged into the market of automatic trading by developing software that focuses on pattern recognition in the algorithm of the trading system. the Forex market.

This software is called “robot”, “EA” (Expert Advisor) or “trade-bot” in the Forex world. The great thing about a robot is that it trades without emotion, purely on pattern recognition. Which is very useful in a tumultuous, fast-paced market where emotion is inconvenient.