Is it true forex robots need monitoring the market for days before starting trading themselves on their own?
That’s a feature I would dislike if so
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Not at all. You can set up your Forex robot / EA and make money right away. Take a look at "Forex Never Lose Trade" http://www.zeroforex.com/?hop=takagicb
An EA is built to enter trades when certain conditions are met in the market. If those condition are met than the EA enters the trade. If those conditions aren't met the EA doesn't enter the trade. Depending on what conditions the EA is built there are days when it doesn't have trades and days when it haves.
Having said that it is true that the EA needs to monitor the market all the time (meaning you need to leave your computer runing in order for the EA to work) and depending on the EA, the number of trades varies and there are days without trades. Don't forget that forex trading is about having patience to only take the best trades. Happy trading!
That is not true. You don't need to observe the market before installing and setting up your FX robot. That is the work of the robot and that is even why you installed it in the first place.
no thats not the case.
you do not need to monitor them.however i would highly suggest that you try the robot on the demo afew days before on using on live account.
for choosing the right robot which will work for you,you can find lots of info at http://www.onlineforexinfo.com and to compare different robots and see what other traders think you can go to http://www.forexpeacearmy.com.
best of luck
regards zak