Automated forex system trading robots are the most popular forex trading tools. Both new forex traders as well as experienced ones depend on forex robots to base their trading decisions.
The past one year has witnessed recession in almost all countries of the world and across all sectors.
Robots are programmed to function on the basis of certain algorithms under normal economic conditions. They are not equipped to factor in economic conditions like recession or boom. Normally they also do not have the capacity to adapt to forex news released from time to time.
Does this mean that forex robots are redundant and cannot perform in recessionary environment?
No, forex robots are capable of generating money irrespective of the prevailing economic environment. You only have to be careful while choosing the forex trading robot.
Pay particular attention personally to the following factors.
o In current times we have frequently come across news of bailout applications being made by corporations which used to be considered as the best in the industry. Large companies particularly in the financial sector going bad impacts the forex market in a big way. Since robots cannot factor in latest news of this nature, you must take adequate precautions while trading immediately after release of such bailout news.
o Economic news pertaining to some sectors like automobiles has been depressing for the last one year. Such news is bound to impact currency price movements and must be taken into consideration while making your trading decision.
o Rate of Inflation has been very high in most countries and across a number of sectors. This too impacts forex market movements and must be factored in your trading decisions.
Therefore automated forex system trading robots can be relied upon even in the present situation to generate profits. However it makes sense to go in for a forex trading robot which has been developed recently. Alternatively look for a forex robot whose developers have updated their system in the recent past and taken the current economic situation into consideration at the time of updation.