Juicy blue port, but I want you to stop reading here! (For novices trading gold)

Anyone who plows the feed and finds only people who show the blue profit port in the picture and feel the heart of Fu wanting to jump in...Calm down and listen this way! 😅

The picture is the result of using EA (Expert Advisor) or a gold trading bot that we set to run 100% automation. Its advantage is that it answers the problem of people who do not have time to watch the screen and eliminates "emotion" from trading very well. It suits novices who do not catch the market rhythm.

But as the man with it came...We don't want to look at the beautiful side alone. "There are no bots in the world that are the Holy Grail that are forever profitable." And here are three risks that newbies need to know before using EA:

1. Some types of market loss bots

Most bots are designed to win the market in a certain state, for example, if this bot is good at the Sideways Market (running out side), on the day of the "Long Trend Market," there is no rest, the bot may be unable to fight and cause heavy damage.

2. "Setting (Setting)" does not match with capital.

See the low profit order in the picture. If we set up a high risk (lot size is too big) to hope to get rich fast, but the capital in our portfolio is small. When the market swings a little, the port can be broken immediately, the risk control (Money Management) is the most important.

3. Strong news off the table

Bots trade with statistics and technical logic, but on a day when there is war news, economic information overflowing tables, or the words of dignitaries, the gold market is ready to run through every resistance that the system may not be able to calculate.

💡 Epilogue view:

Using an EA is not a "eating mat" that is left open and rich, but it is a "strong buoy" that we need to understand, understand the highlights, understand the risks, and accept the risks before starting to use.

"Follow me to follow EA tips for newbies and update bot results."