Pat: A friend of mine recently purchased a “Trading Robot.” He is ecstatic because the robot can trade 24 hours a day with inputted instructions respecting trading. He is required to place his investment funds with a brokerage in Dubai, although he says he will set up a segregated account in the U.K. What is your opinion/experience with “Trading Robots”? Many thanks.

Foreign exchange (“forex”) trading robots automatically place trades on your behalf using a complex formula.

These robots are typically marketed with impressive-looking performance records. However, those records are typically derived by “back-testing” the program against past data. In other words, the promoters go back through… Read More