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Other key advantages of forex trading robots include:. Forex trading robots also have their limitations. Therefore, it is always a wrong practice to consider them foolproof. The main disadvantages are;. The cost of forex trading robots varies significantly. However, cheaper options are also available. But it is important to note that cheaper options may lead you to catastrophe.
If a robot costs you substantially less, then it is always better to do your research and backtest to see the accuracy and reliability of the robot. It depends on your own choice.
If you think that the benefits of using a forex trading robot outweigh the disadvantages, you can go for it. No, all forex brokers do not allow the use of a forex trading robot. There are some brokers that do not allow the use of a robot. On the other hand, there are some brokers that only allow certain bots. Do you want to follow a great video course and deep dive into 26 candlestick patterns and compare their success rates?
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