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What Is a Forex Trading Robot?

By Kristi Waterworth – Updated Aug 26, 2024 at 1:50PM

Key Points

  • Forex trading robots automate currency trades, functioning 24/7 without centralized exchange oversight.
  • They execute trades faster than humans and manage multiple trades simultaneously, reducing emotional errors.
  • Setup complexity and programming challenges can raise costs and increase risk of trading errors.
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