A Forex robot is software created to make trading decisions for you.  It is called a robot because it carries out its instructions with “mechanical” precision.  In the traditional sense a Forex robot can not only decide when to buy and sell, but can also place your Forex trades for you. 

In order for a Forex robot to work properly and automatically place your trades for you it needs to be connected to a compatible online Forex trading platform.  A very commonly used online Forex trading platform is called MetaTrader.  MetaTrader is compatible with many of the commercially available Forex robots on the market today. 

In order for your Forex robot to automatically place trades for you your Forex broker will need to be compatible with MetaTrader or which ever platform your robot is designed to work with. 

A Forex robot can provide the ultimate in hands-free trading.  One that works properly can generate income for you while you play golf, relax in your favorite easy chair, or spend the day at the beach.  It is this hands-free trading lifestyle that has made Forex robots extremely popular.