Forex robots
Apart from Forex robots or Forex Advisors, there is another type of Forex software that Forex traders must be familiar with and this is the signal generating Forex software. As its name suggest, this type of software generates signals when it is already the right time to buy or sell a particular currency. Like Forex robots, signal generating Forex software can also analyze and process data from the Forex market to be used by the trader. Unlike Forex robots, signal generating software do not automatically perform the trade.
This means that with this kind of software, the traders still have to manually do the actual trading.
