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FXTraders
Auto-Trade
We
really are not very fond of the greedy marketers who market
"auto-traders" or worse, "Trading Robots". Trading
robots are purported to take your trades, mostly without trader
intervention. While this is potentially achievable, the practicality of it
for the average trader is very nominal at best, and at worst, potentially
very dangerous in regards to capital asset protection (nonetheless capital
growth)
Rather
than an "auto-trade", PipClub is introducing a "trading
assistant". The name implies the realty ... an auto-trader requires the
trader to have market knowledge ... it requires the trader to provide
diligent over-sight of the trades being made ... it surely is nothing that
can be turned-on before you take your 10-day vacation - only to have you
return home with another $million in the bank.
PipClub's
"Band Dancer" will be the first of several "trader
assisted" trade programming. Band Dancer will be available to
active PipClub members in the Summer of 2010 and require a general
understanding of Forex fundamentals, and surely trade station
operation.
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