This is a Sponsored post written by me on behalf of Tonar for SocialSpark. All opinions are 100% mine.
I recently witnessed the creation of a forex trading robot that was being promoted to me as essentially a “money tree.” It was supposed to be a black box that you put money in and in days, money is created.
I was skeptical, but I thought I’d at least give the guy the benefit of the doubt by testing out the demo to see what happens.
I downloaded the MetaTrader 5 Platform and had it. Weeks later, I was up 50% in the platform. Albeit it was fake money, but still… it looked promising. I was making money by not even doing anything.
There’s no question that there are a lot of these robots out there. Products like option trading software and forex online trading systems are all over the place. No matter which robot I choose to use, there is always one constant that remains the same. And that’s the platform I use – MetaTrader 5.
My answer to the question being raised in the title of this post is “yes, but with caution.” The robots you use are unpredictable so please understand that whatever you do, you are taking a risk. The algorithmic trading platform, however, is never a risk. You can at least give MetaTrader 5 a test drive until you find a reliable robot that you’d like to leverage.