Hi, I have some questions about forex. I saw that there are many forex robot, software for trading in forex in autopilot. 1. Do they work? If yes, which is (or which are) the best(s) in the world? 2. Can they cause a money loss?3. I'd want to begin to trade. If I use one of these robots can I reduce the risk?Thank you.

Automated strategies in the foreign exchange market can best be implemented by large institutional investors (Goldman Sachs, etc.). It is quite doubtful that your retail autopilot strategy will consistently make money. The problem with any automated strategy is that it 100% predictable. In other words, Goldman Sachs will anticipate your trading behavior based on your forex robot and front-run your trades if they seem to be profitable.You can certainly loose money buy following an automated trading strategy.Using a forex robot can help you offset risk if you already have other forex exposure. Otherwise you are taking on more risk.Good luck!