What is automated trading
In short, it is the use of a Forex robot to automatically open/close trading positions.
Typically, they:
analyze the market, gather configured signals and data;
independently execute trades in the background;
perform other types of programmed operations and actions.
In other words, it involves using autonomous systems for trading that mimic the behavioral parameters of a trader and their trading strategies. They buy and sell specified assets without trader intervention, based on set action patterns, strategies, and trading tactics.
An AI stock trading bot can be useful for all categories of traders, and here's why:
beginners find it easier to enter the market and have the opportunity to test the tool on a demo account;
professional traders can launch verified strategies in autonomous mode to generate passive income;
everyone, without exception, can test trading strategies in automatic mode on demo accounts.
However, in practice, you may encounter challenges, including not understanding how these tools work. Weltrade is here to remove this issue and teach you at least the basics of automated trading.