Expert advisor (EA) or FX trading advisor is the form of software that can automatically initiate your trade, enter and exit a trade as per the programming instructions set in the software.

Trading signals are automatically generated by the fx trading advisor, and the trader is also informed of opportunities in trading. A Forex robot is also an automated system for trading like the EA. However, while the Forex robot can trade automatically on behalf of the trader, for an EA the trader has to manually authorize the trade.

What Are the Benefits of Using a FX Trading Advisor?

• Forex markets is open for 24 hours; since it runs from different markets across the world. So, there are opportunities for forex traders to use an EA cause it automated.
• The EA trades as per the instructions set by trader to earn the specific target. So, no emotional get involve.
• Choosing the right pair of currencies and making trades profitable can make trader stress. Using an EA can help to reduce stress while trading.
• EA help trader to choose the best possible currency pairs at the most suitable time. It saves time and gives vivid scenarios to trade.