Before, most of the transactions on foreign exchange are done manually especially storing data and information of past trades, there are vast amounts of graphs and statistics to analyze and it can take a lot of time. Here and now systems were made to help lessen the work of traders and still gain income from trades efficiently they are named Forex robots. Well most would think that robots are mechanical hardware but in the world of FX trading it is only a term used because they are automated software that enter trades and deal independently.
Nearly every day a news story is published that proclaims the U.S. manufacturing industry is dead and little if any manufacturing hiring is occurring. Take these claims with a grain of salt. U.S. manufacturers are thriving. But they are not the low tech, unskilled-labor businesses of twenty or thirty years ago. They have integrated so much technology into the manufacturing process that they require highly trained employees.
The Robots provide more accurate and faster service than humans at a fraction of the cost. Report consolidation, procure to pay and order to cash are some of the work streams within finance and accounting ideally suited to Robots. Auditing robotic automation is another key area.
Machine vision systems store inspection results in a database along with serial numbers, which makes components easy to trace. They work on multiple seams of different types, shapes and sizes, and operate at high speed. The automotive industry uses automated weld inspection and optimization systems extensively to ensure vehicles are of high quality and safe to drive.
So, getting back to the original posed question: is there truth to the Day Trading Robot scam or is it the greatest secret in the financial world at the moment? The answer, it seems, lies closer to the middle. Day Trading Robot and 99% of every other stock trading system’s site is hyped out the nose, and true or not I suppose it helps them sell product. The main point I want to make about this system is that it doesn’t win EVERY trade.