Posted June 14th, 2010 by sharkdancer
The Overwhelming majority of Forex robots simply don’t work and if you want to find one that does, looking at the 4 key points enclosed will help you find the best…
In recent years there has been a huge rise in the number of robots claiming they will help you enjoy financial freedom with no effort and most fail miserably to live up to the hype. Let’s get rid of the bulk of them first.
1. Does the Track Record look to Good to be True?
You see them all the time, pay a couple of hundred of dollars and get a track record that is better than the worlds top fund managers. If you see ones with these statements then be very wary of them.
- Double your Profits every month
- Trade with 90% accuracy or more
- Draw downs of less than 1%
- Losing periods of under a week
This is not the reality of Forex trading!
Normally these systems produce back tests and simulations, knowing the closing prices, or present testimonials and trading results that are not independently verified.
Fact:
The top fund managers wouldn’t be earning millions of dollars in annual salaries if the Robots worked, they would be out of there jobs and join the world enjoying financial freedom, trading Forex robots for the price of a night out.
Now you can win but look for some evidence of real gains, independently monitored and look for a track record of a few years in length
2. What to Look for in a Real Track Record
So what gains can you expect to see?
The best will do compound growth of around 30 – 100% per annum and the higher the gain, the bigger the draw down. You can normally expect a peak to valley drawdown of 20 – 50%, depending on the risk profile of the system. A typical drawdown will be a few weeks to a few months.
The gains are excellent – but you have to ride out short term losses, all the best traders do and you will as well.
3. Know the Logic
Never buy a black box system where the logic is not revealed. You need to know the logic to have confidence, to follow the system with discipline.
4. Support and Ease of Use
Look for good, prompt support from the vendor. Dry run the system to make sure everything is in place before you trade real money, don’t just jump in, make sure you are prepared and are confident in operating the system.
Long Term Profits in 30 Minutes a day or less
The best robots will give you great long term profits but you have to have the confidence to apply them with discipline, as you need to take short term losses to make long term gains.
If you do the above, you could soon be making great long term gains with an automated Forex robot and enjoying currency trading success.
Posted June 14th, 2010 by sharkdancer
IvyBot is a Forex currency trading sell automated robot syllabus software structure. An automated robot syllabus software structure is a workstation syllabus before software designed by developers on behalf of the resolution of ration population to trade mechanically on the Forex currency sell. Regularly the developers syllabus the software to work using their years of experience in the field of the foreign currency sell to prepare the functions it needs to prepare.
IvyBot evolved given away of a syllabus called the Forex sports car Pilot. Lone daylight hours the syllabus, sports car Pilot made an impression on a cluster of Forex gurus. These gurus were wearisome to form given away why the robots futile to tell somebody to a profit in the field of real schedule live trades. At the same time as this cluster of gurus researched and worked with the robots, they were able to approach up with a solution to the riddle surrounded by nine weeks. The cluster than fashioned the new-found robot given away of I beg your pardon? They learned in the field of their study and named the syllabus IvyBot. It was after that leave to test and similar to two years of back hard, it was released to the free at the same time as IvyBot.
The consumption of Forex robots to invest in the field of the sell is somewhat of a new-found understanding. The understanding comes from the tubby banks so as to used to consumption these robots previously the free ongoing to consumption them. The software on behalf of the IvyBot is user friendly and very effortless to install. The software like other robots is automatic. Lone of the effective points in the region of IvyBot is the consumption of HSPS and BILP technologies. The resolution of these technologies is to prevent the prospect of loss. A new effective purpose is so as to the syllabus allows you to start investing and trading with at the same time as trifling at the same time as lone dough in the field of your financial credit.
With anticipation, you be supposed to give birth to a trifling better understanding of I beg your pardon? The IvyBot syllabus is and I beg your pardon? It is meant to prepare. Understanding the history of the robot and the technologies used can help you to understand I beg your pardon? The robot is and can prepare. I beg your pardon? Needs to be present ended right away is to acquire you to prepare your own study into the humanity of automated robot systems. Regain given away all you can in the region of the robots and all you can in the region of the Forex currency sell previously you enter into it. Test drive the Forex robots with a display financial credit and decide on behalf of manually if you like to invest in the field of the Forex currency trading sell.
Read a full insiders review here IvyBot Review
Read a full insiders review here IvyBot Download
Read a full insiders review here IvyBot Scam
Posted June 13th, 2010 by sharkdancer
This will be a very simple and short review of the Forex Megadroid robot system. The question is this. Is the MegaDroid trading robot the very best current robot system that is on the market today as the creators claim it to be? On the other hand, is this some scam like some of the other robots out on the market?
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Albert Perrie and John Grace both developed the MegaDroid and together these two Forex expert traders have forty-two years experience in the Forex currency trading market. Another thing about the MegaDroid is that this robot is the only program out on the market that has the RCTPA (Reverse Correlated Time and Price Analysis) technology. Due to this technology, the robot system is able to look into the future and predict the market conditions as far as two to four hours.
Here are some important features about this product:
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Advanced artificial intelligence
Extreme performance
Great accuracy
Has the technology and experience of forty-two years programmed into it by the developers
Was in the development stage for years and then was in the testing stage for nine years
MegaDroid has an accuracy trading history of 95%
The robot did a NET profit of 919.97% in 134 days (accordingly to the Forex people)
Plug and play capabilities
The claim also is that in 2009 it has made a net profit of 1,260.29%
If you are interested in making money in the Forex currency trading system, you need to look at the MegaDroid robot. See if this trading robot is the answer to your questions about trading in the Forex markets. If you are already trading, you might consider the automated help the robot can do for you.
I hope this quick review of the Forex MegaDroid trading robot is helpful. The numbers for the robot appear to be quite good. If you want to learn more about this software system, you can visit the MegaDroid website for more detailed information. You might also want to visit a number of impartial review sites (sometimes hard to find) to see what some of the people who have used the program think. Blogs, taken with a grain of salt, are another excellent source of information. See what the Forex MegaDroid can do and you can make the decision about whether the MegaDroid Trading Robot is the best robot on the market today.
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Posted June 3rd, 2010 by sharkdancer
So, what is the secret to winning in the Forex market? Some say that hard work, training, education and some luck are the factors that lean toward Forex success. For some, the way to take advantage of all this is to make use of an automated Forex robot.
An automated Forex Robot is a computer based program that will make your trading life easier to manage.
Since some traders cannot be in front of the computer to monitor the market twenty four hours a day, this computer program will be able to take over your thinking for you, everything from analyzing to trading. It is a software that runs on autopilot to trade foreign currencies and the results from its trades are consistent.
Although this doesn’t guarantee you millions of dollars in one day, it will surely be a huge improvement in your trading career, and all you have to do is set it up which takes about five to ten minutes a day. You can then go about your daily business and you can watch the money role in.
When looking for an automated Forex robot, there are things that you should consider first like the manufacturer or the writer of the program. It is important that the person who created this program should be a successful trader him or herself so that you know that you can trust the software.
Another important thing to think about is the success rate of the program that the manufacturer is saying. An automated Forex robot can say that it has a success rate of over ninety percent but perhaps, in reality, this was only tried in simulations or backtests and not in actual trading. Make sure you see actual trading results showing profits before you buy anything.
Lastly, do not immediately believe anything a forex software robot site may say on their website because this information and so called user comments are biased. To obtain an unbiased view, you should visit other websites that are dedicated to reviewing such products. Getting information from unbiased reviews of several automated forex robots will give you a better understanding of which software will be suitable for your needs.
When it comes to trading the Forex, it is true that these programs can help you earn more and faster but you have to give time and effort in to looking for the right robot so that you get your money’s worth out of it.
Posted June 3rd, 2010 by sharkdancer
An automated Forex software robot is a computer program that trades automatically for you on the Forex market. The computer watches the market 24 hours a day for you making trades for you when the timing is right. A robot is a great way to trade, but there are 10 things you need to know before choosing a program.
An automated Forex software robot is a computer program that trades automatically for you on the Forex market. The computer watches the market 24 hours a day for you making trades when the timing is right, even when you’re sound asleep. And you don’t get ulcers from all the stress either since the computer is making the hard decisions. An automated Forex software robot is a great way to trade, but there are 10 things you need to know before choosing a program.
1 – Installation – installing the program should be quick and easy. The better vendors allow you to download the program and get started right away. Problems encountered installing the program are a bad sign that could indicate trouble ahead.
2 – Quick Start – does the program have a quick start video to get you up and running right away? Short video or audio clips are a great help in explaining areas that might be unclear.
3 – Ease of Use – the program should be intuitive and simple. Does it make sense to you? Is it easy to navigate through the different screens? Do you understand the features quickly? Are the functions and controls grouped in a logical manner?
4 – Quality of the program logic – logic is the brain, the most important part of any computer program that makes the decisions. These decisions are based on a set of rules built into the system. Who developed these rules? Will these rules work well in a volatile market?
5 – Cost – Developing high quality software requires a staff of experienced professionals. Expect to pay well for quality software. Remember, you’re using this system to make money so good quality software means more money in your trading account.
6 – Demo Accounts – does the automated Forex software robot allow you to do real time trading with a demo account? You need this feature to get comfortable with the system. Here is your chance to experiment with all of the different trading options before committing real money.
7 – Your Computer – Will this program run on your computer? Does the software require Windows XP or Vista installed on your computer?
8 – Your Internet Connection – Will the program run on your internet connection? What are the bandwidth requirements? Are you able to leave your computer running for 24 hours a day? If not, is there another option such as a hosted account to allow you to run the program without a connection to the internet?
9 – Support – What support is available if you run into problems? Some vendors offer live chat and are able to resolve any problems immediately. Other vendors offer email support or an 800 number. Are all of your support calls free?
10 – Refund policy – You want a 60 day refund policy that offers complete satisfaction or a refund with no questions asked. A 60 day refund policy means 60 days to see for yourself whether the automated Forex software robot is for you.
And now it’s your turn to have some fun. Get a robot at http://www.getwealthyslowly.com and give it a real workout. Then for the ultimate test – how much money did you make in your demo account?