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Disadvantages of forex robots

It is very important to research and know about a product that you intend to buy and use. forex robots have certainly revolutionized forex trading for the better but the robots also have certain disadvantages that you should be aware of. They include:

They might prove to be quite expensive
The wide range of robots that are available makes it hard and confusing for users to narrow down which ones they would want to use.
Your computer has to remain on for the whole day or alternatively you can pay for a private server so as to maximize the performance of the robot.
A robot might have limited brokers with which it can run with. This in turn translates to limited earnings for you.
Most robots are unable to trade when the currency is very volatile.

The disadvantages associated with forex robots are quite a number so be very careful.