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!
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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
