There is multiple reasons for why using an EA is a great way to trade. But these are our top 3 reasons:
- TRADE 24HRS A DAY. Now that might not seem such an important benefit if you have just started out trading. But imagine it like this, you could do your day job 24 hours and get paid for it. But now imagine you have a robot that does it for you, so you only have to work your normal hours but the robot will work all day! And of course if profitable will make more money!
- NO CHARTING. Now if you're new to trading you probably find charting exciting. Well fast forward a few years and you will hate it. Staring and charts for a few hours gets very boring. But with an EA it does all the hard work for you! Never have to watch the charts again.
- CONTROL EMOTIONS. the best way to use an EA is leave it to it. That way if your not checking it every two seconds you won't get emotional and close losses when they could reverse. Also you wont get greedy and start trading the profits before they are even locked in!
Need a broker to trade with? Look no further EagleFX is our partner broker!