The robot kitchen that will make you dinner – and wash up too

Robots are already present everywhere. Then why don't they make you some money too?  The robot kitchen that will make you dinner – and wash up too Finally, the ultimate kitchen gadget you never knew you wanted is here – but it will cost you about the same as the average UK house.  For those stumped as to what to buy the super-rich person in their lives this Christmas, how about a fully robotic kitchen that promises to whip up a choice of up to 5,000 recipes at the press of a button? (Read more: [( )  Robots are already present everywhere. The latest of them can also cook you dinner and then clean the kitchen without grumbling. Then why don't they make you some money too?  Back in 2008 when commercial EA's were entering the Forex market, some of us believed that if you have a good system, all you need to do is automate it, place it on a chart, "set and forget it" and you can then start planning your dream vacation.  Over the years, many of us came to the realization that automated systems do not last forever. As markets are always changing we need to continuously adjust, tweak, or change our strategies to keep them functional.  The truth is that markets do not care about trading systems, and sometimes it may seem as if it's deliberately trying to undermine them as well.  Therefore, when using an EA, it's imperative that:  1. You fully understand the logic behind the system. (If you don't know how the system works, how will you know when it's not working?)  2. You monitor the markets and are up-to-date with anything and everything that can affect it.  3. You are able to make calculated-risk decisions for when manual intervention is needed.  We found that the best systems which work long-term are ones where there's a mix of automated and manual trading.  One of the good aspects of automated systems is that there's no human emotion involved, however, although emotions can wreak havoc to any good system, sometimes human intervention is needed to preserve the system.  So, what if you don't have the time to monitor the markets or don't fully understand the system, what are your options?  There are a few options, like managed accounts, signal services, and trade copiers which are all similar. You're basically letting professionals do the work for you.  With Signals and Trade copiers, the provider gets a commission from each trade they initiate or a monthly subscription fee. With managed accounts, the provider usually gets a performance fee that is applied to the net gains of the client's account. This keeps them motivated to always look out for the benefit of the client's investment.  Managed Account Features:  - Managed accounts tend to use private systems that are not available to the general public.  - There's manual intervention by professional traders when needed.  - There's no need for a VPS.  - Most managed accounts use a high-watermark performance fee structure. (You are only charged on net gains).  - There's no need to worry about updates or adjustments to the system.  - No upfront payments or recurring subscriptions. Performance fees are usually deducted from your broker account.  - There's no learning curve or trading experience needed to benefit from the system.  - There's no need to monitor anything. You can just go about your day and hopefully, plan a nice vacation.  Summary:  If you're an experienced trader who has a good understanding of the market and is committed to spending time monitoring it, then Forex EA's are a great tool for you to enhance your trading.  However, if you don't have the time or resources to monitor the market, or do not have the essential background to understanding it, then a managed account or a trade-copier is the way to go.  Please note:  Forex EA's still work, some very well. However, when using an EA it's important to follow the 3 steps listed above, and you must also be ready to manually intervene with the system when needed.  If you are you having trouble receiving your 8020Prosperity.com subscription, you can ensure its arrival in your mailbox by [whitelisting 8020Prosperity.com and members@8020prosperity.com.]( 8020Prosperity.com (collectively, the “Company” or “we” used herein) bears no responsibility or control over the content of the advertisement and/or the product or service offered. This email is a paid advertisement. It is for a product or service that is not offered, recommended or endorsed by 8020Prosperity.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. There is a very high degree of risk involved in trading. 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