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 May 31st, 2010 by sharkdancer
Most traders who use a Forex trading Robot lose and this is even with a good profitable automated Forex trading system. So if you want to win at Forex robot trading read this article…
The first key error traders make is choosing the wrong robot and it’s a fact that most lose so what is the wrong robot?
The wrong type of robot is one that makes unrealistic claims and has no independent verification of results and this is the vast majority of them. If you ever see claims like the ones below, don’t even consider the software. Common claims made by losing robots are:
- Double your money each month
- Trade with little or no drawdown
- Predict price movement in advance with 90% accuracy
No Forex trading system can do any of the above and if you look at the robots that make these claims, they normally have a simulated track record ( going backwards knowing the closing prices) or present a real track record themselves, with no independent verification of results. The cost tells you these robots don’t work, as there normally just a couple of hundred dollars.
So for this small sum of money, you get a track record which is better than the worlds top fund managers! Of course if these robots worked they would be worth millions so if you don’t want to lose pass them by.
So are there any good automated Forex trading systems?
Yes and the way to find them is to look for a track record that has been independently verified and audited in real time trading.
The best Forex robot software can return gains of 50 – 100% per annum.
These are great gains and will soon compound up over time but beware losses will typically be between 30 – 50% from peak equity at some point and drawdown periods can last for a few weeks.
So you need to look long term and you need to be prepared to accept short term losses with discipline. Executing an automatic trading system when it losses is hard, so take time to read the logic of the system and you will have the confidence to trade with discipline.
Always remember, if you can’t trade a system with discipline you don’t have a system.
Forex robot software can make you big gains but don’t fall for the hyped systems with no real track records and unrealistic claims; look for real time results and a system you can understand and trade with discipline. If you do this, you could soon be building wealth in around 30 minutes a day and enjoying currency trading success.
Posted May 30th, 2010 by sharkdancer
Forex trading is a huge industry that operates currency every day which is greater than stock exchanges all over the world. It doesn’t amaze me much with the rate at which everyone wants to join this multi-billion industry which is accessible by performing some little trades everyday. Discovering the rights ways to deal with forex is hard for a typical person who requires a lot of years due to the fact that it is a complicated business. The time has come for you to benefit from the advantages of trading forex with a forex trading robot.
Majority of trades are performed by experts who invest their moment observing every part of the financial signals for every country. This is what affects the rate of most currencies. Different techniques are applied to determine the best moment to buy or sell a particular currency. Experts in trading forex do manual trading to buy or sell a particular currency pair with the hope of making a gain.
A typical person who is interested in setting up a lucrative business opportunity from home doesn’t need to invest all of his time needed to make one an expert when it comes to making money through this technique.
A forex trading robot is a set of software which you can buy in the internet and feed it to a forex currency trading platform. This robot is built to examine the forex markets and place trades that are profitable in an automatic manner. You will be able to earn money from forex round the clock as soon as a profitable trade is detected. Here comes the big question – what is the best way to find the best robots that will only find and place profitable trades for you? Some robots offer a money back guarantee when you purchase them, so you can buy some, try them out using a demo account to find out the one that will work best. Anyone that works best for you, you keep it and then ask for refund for those that didn’t work.
Tricks to select the best forex trading robot
The best robot that yields profitable trades utilizes a stop loss strategy that will give you mainly winning trades (some are 90%) less than losing trades. All over the internet, you will see various forex trading robots obtainable; the fact is that most are not gainful as most of them maintain they are. After you make fine results using a demo account, for sure you are going to make cool money from trading it using live account. You are also supposed to add a little input to the robot due to the fact that you can set them up to work on autopilot and pick trades for you whether night or day. Majority of forex trading robots also gives you an easy to follow video guidance in order to enable you to set it up easily to begin your journey to exploiting your home biz to its maximum potential.
Fap Turbo is one the best selling forex trading robot in the market today. It has a high success rate better than most software you will see in the market today. You can more info about it at http://modospot.com/review/fapturbo.html
Posted May 29th, 2010 by sharkdancer
Forex robots have made so much noise, especially to the ears of forex traders, including me. Most people that intend to use forex robot want to know whether it works or are they just another type of scams intended to rip people that are desperate to make huge sums of money from forex off. As someone that has been using forex trading robots to run my trading, I will tell you the fact about forex trading robots, whether they do work or not – I promise.
If I am to judge forex robots based on their back and forward testing results of most of the famous robots, I will tell you that trading forex using robots have a huge success rate. Some of the forex trading robots attain wining rates of over 70%, and sometimes it could be up to 80%. Even though these rates look very positive, it may still look too good to be true in the eyes of some people. You should know that it is possible to attain this profit level, and you should also know that trading forex with robots still have some substantial risks. If you are in the market to purchase a forex robot, there are certain features which make a robot exceptional, meaning that if it has these features it will work well for you. Let me say that you are going to gain 70% out of the 100% trade it places for you. Such good robots should have features which you can use to manage your money effectively. Features like – reliable stop loss features, and a high drawdown rate. One of the best selling and effective robot works using a fixed 250 pip stop loss technique whereby the famous robot of all does not use any stop loss. You can also find systems which have a top percentage of success trades with a huge drawdown of 30%, meaning the chances of losing all the money you invested for a trade is 100% possible. As a forex trader, the robot that has always worked for me comprises of a 70% gain rate. It also has the highest drawdown which is below 20% with a reliable stop loss function which guides your investment if there was to be a financial downturn like the one going on now.
To summarize it all, forex robots do work, meaning you can make unlimited amount of money using them, but most forex trading robot out there are scraps. It is necessary for you to do a thorough research before trading with any robot you can across with. I also suggest you test them first with a demo account and if you are satisfied with the result you see from its demo testing, you can then begin trading with a live account. As a forex trader, I use fap turbo as my robot trading system and I must tell you that I am satisfied with the results I get from it.
Fap Turbo is one of the best forex trading robot which most traders use to automate their trades and in return make huge gains.
You can find more info about it at http://modospot.com/review/fapturbo.html
Posted May 29th, 2010 by sharkdancer
Forex trading has gradually become a fulltime way to generate money for majority of persons considering the fact that there is a lot of money to be earned from trading the forex market if you know what you are doing. Lately, most people now depend on forex trading robots in order to perform their trades completely on autopilot. Sometimes back, almost all trading was only obtainable by placing them manually, meaning you must be present there to monitor and place your trades. Now that modern times are here and with the coming of forex trading robots one can trade forex even when they are not there and still make there profit. You can also find the ones that operate as consulting software; they let you know whenever it is profitable to place a trade. A few of good robots will help you to perform all trades whether your computer is on or not. But if your computer is not on, then you can host it on a secondary server while the robot performs the trade,. Your own part of the work is to deposit money to your meta-trader, then it evaluates for a profitable trader and places them for you.
Here comes to the main issue of this article which you are hungry to know – do forex trading robots deliver result or is it a waste of your precious time?
Before I answer this question I promise to say the whole truth and nothing but the truth. Only a few of most trading robots work, while others are a good way to lose your hard-earned money. You should take caution before you buy a robot. I use robot to trade my forex and this is how I got to know that some of them do work. Out of the 20 forex robots I have ever used, just two of them deliver results. It is necessary for you to see the evidence of an earning which the robot you want to buy made before you buy them, keep in mind that there are also fake earnings. In summary, it is possible to make up to $10,000 per month using a robot and it is also possible to lose $10,000 per month using robots. This is only possible with the scrap robot made to rip your off your money. When you start using a scam-proof robot then you are sure you will stack up big gains using it.
Ideas to follow in order not to get ripped off
-See that the forex robot has a money back guarantee, which is that they offer refund in case you are not satisfied with it you can easily request for a refund.
- Start using the robot with a demo account at first. You will be able to ascertain whether the robot will work after you have tested it with a demo account. If you are unable to make money using a demo account, ask for your money back. If it does not make you money while you trading with it using a demo account, then trading with a live account won’t make you money either. With this idea, you have nothing to lose; rather you only lose time wasted but it worth it.
I am giving you a chance to get your hands on the best forex trading robot. As a forex trade who hungry to make profit from forex, I did buy 7 different types of forex robot, tried it and I was able to make back my money I invested with 1 out of the robots. I have reviewed one of the best forex trading robots in the market today; you can check it out at Fap Turbo Review