Do forex robots actually work? No forex trade robot will ever be 100% correct – there are just too many elements at play in the forex marketplace for that app to make passive income on phone be the case. However, there are particular things to look out for when selecting the most effective trading robotic for forex that may allow you to tell whether or not it is dependable or not. These are listed below:

1. Mark the significant support/resistance areas.

2. Await the price to succeed in this area, and as it bounces off, you’re taking your place. So if it bounces off a resistance stage, you sell. If it bounces off a support, you buy.

3. The stop loss must be positioned beneath the help, or above the resistance stage.

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