I have been trading the Forex Market for almost 10 years and without any doubt in my mind, any retail forex trader needs to use a profitable expert advisor in my opinion. There are many reasons I say this, and I will try to hit on the most important reasons an expert advisor is the only way to trade. First, trading a winning expert advisor takes the emotions out of all your trading decisions. If you are new to Forex Trading, you know exactly what I am saying. Second, the Forex Market does not close. This fact alone will invite bad behavior to your trading strategy. I can not tell you how many times I took a trade just to take a trade that ended badly. At least in the stock market you are done when the day closes, but the Forex Market does not close. Third, when you set your expert advisor in motion, you need to let it do what it does and do not get in the way of it. What I mean by that is, do not let your emotions close or open a position, no matter what the particular trade is doing. I can not tell you how many times I interfered with the natural course of expert advisor produced trade, just because I thought something might or might not happen. Do yourself a favor and put your Forex Expert Advisor on a quality virtual private server or (VPS) to monitor your expert advisors trades. Last buy not least, trading a quality forex expert advisor takes the stress of manually trading a strategy away. In my opinion, Forex trading will be mostly automated in the future. Automated trading systems and Forex Expert Advisors will be the only way to compete in this incredibly liquid market.
Take your time and evaluate the automated trading systems and expert advisors that are offered today, because many of them available today are the professional variety that were not available to the retail public just a few years ago. It is your job to evaluate them and ask questions about how it trades. Most, if not all expert advisor developers will never tell you what triggers their trades, but knowing what is used to trigger the trades is a fair question to ask.
I noticed a few Free Forex Expert Advisors around the internet lately. I did evaluate a few of them and I was actually very pleased with what I found. In order to be able to trade these terrific expert advisors, all you need to do is open a live forex trading account with a small amount of money. I have spent many dollars on many Forex Systems and Expert Advisors just too find out that some free expert advisors actually perform much better then the EA’s I have purchased in the past.