Automated Forex Trading Review

I know about all forex robots but i found few robots working,One among them is Fap turbo Automated Trading Robot.Fap Turbo is very successful to me.

Hello,

There are quite a few robots available and it is difficult to tell which is the best. What is good for me might not be good for you, so you need to test some and see which suits you best. As for the results, it is up and down, but as of now I am managing to stay on plus (quite a nice plus to be honest). Just remember to think and plan long term. If you are looking for short term quick money you might be disappointed.

I suggest you invest 100$ and learn the fundamentals. You will lose this money pretty fast, but see it as an learning experiment.

Been trading for some time now with forexyard FSA.
The minimum deposit is 2000$ I recommend 1500$ more.

The catch with most brokers/forex robots is that “you can’t loose more than you invest” However!! you will lose it fast if you don’t have enough money invested.

See, the robot will open many positions and hold them for hours, days or weeks, your positions will almost always be in the red, some of them many hundred dollars each. If they suddenly combined exceed the amount you have in your account you lose all because they close.

If you choose to open an account you can choose between a lot of different systems/robots. Find some with low risk (low Max DD), high win rate, high profit etc. you can browse and see how much each robot has earned the last year in detail.

Forex Robots are scams……… The Government Has made them basicly illegal, Don’t buy one………

Teach, Learn, work hardm do these for Help…………………

Yes my Dear

In fact I’m Automated Robot Testing Sucker As I have Never Seen Like this Before ” IvyBot Automated Robot ”

Not Only Me The Whole Forex Marketing Is Turning to Its. Trade Global Market With IvyBot .

Take for Ur Self Here is my review in this Link

I’ve been researching forex robots for a while and have actually used them in the past myself. Some are good and others are bad. What it really comes down to is your self discipline and ability to follow the systems set in front of you. Most people are not able to follow simple rules. Here’s an article that I found that may help you.

http://ezinearticles.com/?Forex-EA-Systems—The-Best-of-2009&id=2880154

One of the issues with Forex robots is that they often perform differently in various market conditions. Therefore one robot that performed well for the past few months may not perform well next month.

It is important to keep in mind that past performance is no guarantee of future performance.

One technique that has worked well is to spread your portfolio across multiple robots. This helps reduce risk and also tends to compensate for varying market conditions.

One of the private investment groups I belong to trades across 7 robots with a margin of less than 1.5%. This has proven to be a consistent, conservative strategy.

Also, Forex robots are not illegal. They are simply an automated disciplined approach to trading Forex while eliminating the impacts of human emotions. Such as Fear and Greed.

Best wishes for your success.

Paul

Forex robots are NOT illegal. The robots simply identify patterns and use a consistent system to trade currency. A lot of the robot sites claim you will make millions, which is misleading. They are merely a tool to help you keep your emotions under control and follow proven techniques in your trading. I have used a few robots and these are my two favorite:

MegaDroid – http://bit.ly/fWdiQ
IvyBot – http://bit.ly/SiK9G

IvyBot’s site is cheesy and they make those ridiculous claims that you will “make millions”, which originally made me skeptical. I ended up buying into the hype and I can tell you that I didn’t make millions, but the robot actually works in identifying good trades. MegaDroid has also been very good for me. Overall I am up a good amount with both robots, so I am definitely happy with the small investment I made in purchasing them. IvyBot is little bit easier to use, but neither are that complicated.

Also, I recommend MetaTrader for quotes and to use with robots. It’s a free download:

MetaTrader – http://bit.ly/hoyqW

Best of luck trading!

There are 3 robots that are really worth looking at and work with

Fap Turbo
IVYBot
Megadroid

The last one is a metatrader4 advisor work only with EUR/USD with minimum account of 300$

The other are general but suffesticated robots the fap can make you small profits but with minimum risk

The second one IVY is more for prave traders who want to make higher profits

Here is a small review of those 3 robots

http://www.forextrading-forexsoftware.com/

loads of them are available for you to choose from- a word of caution here beware of scams. In case you are a novice trader read my article by cliking at the following link http://ezinearticles.com/?Are-Forex-Robots-Reliable-Tools-For-Novice-Traders-to-Use?&id=2755525

I have played around with several of the Robots that are available. The main thing that I have discovered is that you don’t want to get greedy. As with any trading once greed sets in, it’s all over.

I am sure that there are scams involving trading robots, but that does not mean that the concept is flawed. If you read about the tremendous success that the Ritchie brothers had trading commodities in the seventies and eighties, they were robot trading.

From experience, I can say that currency trading is not the easiest way of investing to learn. It really is more involved than giving your money to a broker and then making money. Trading an account manually is really quite involved, and the frightening part is that one click made by mistake, can cost you very much.

Robots can be hard to set up, many are scams, and full automation always brings extra risk (which is not a good thing in an already risky market).

A good signals package as a guide + your own knowledge/training > robots

To me most robot can make money. The key is how you use the robot. I am using a very simple robot from currencymeter.com
It works great in all market. They provide a videos and manula on how to use it.
I am making anywhere from 5 to 7% weekly on my account which better than any investment outhere.
Risk is only 2%.

Here’s an answer regarding Forex robots that explains the difference between human trading and getting a forex robot or expert advisor to “think” for you.
The first thing to say, in case nobody has explained this to you before, is that a forex expert advisor is not a person as you may think. It is a robot, or in other words a software program that trades for you in the foreign exchange market. You set it up according to a system, telling it how much you want to risk etc, and it goes ahead and makes trades for you whenever the market conditions are right.

There are two main advantages in having an EA trade for you. The first one is obvious. Provided you can keep your computer connected to the internet, it can watch the markets 24 hours a day, which you could never do yourself. The foreign exchange markets around the world are open constantly from Sunday afternoon to Friday afternoon, and there is no way you could do this for yourself.

The second big advantage is that a robot is not going to panic or get greedy. It has perfect natural self discipline, always follows its system to the letter, does not become distracted and is never affected by emotion. If something goes wrong it is usually either human error (you set it up wrong) or a technical problem, usually a break in the internet connection. You can pretty much eliminate the latter if you can set it up on remote hosting instead of running it on your own computer, but many people these days have reliable 24 hour broadband that is not going to cut out on them. So a robot is way more reliable than a human trader.

Most people’s problem when they start out forex trading is that they do not have enough self control to operate a trading plan successfully. You may be thinking that this does not apply to you. Most of us, especially men, think of ourselves as being pretty well controlled and not likely to be swayed by emotions. Right.

But I’m not talking here about the kind of emotions that make you break down and cry (although you might!). I’m referring to emotions like the rush of excitement that you get when your trade is winning and you want to hold on and see if it will make it to the next big number of pips. Or the fear and panic when you see a trade losing. You forgot to set the stop, or set it in the wrong place. What do you do? You hesitate, not knowing whether to close out right now or wait and hope the market will turn around. Meanwhile, you are losing more and more …

If you think that these things could not happen to you, then you have probably not been trading on a live market for very long, if at all. Unless of course you are using a forex expert advisor, which makes it possible that these crises and panic losses will never happen to you.

This does not mean that all robots are good, any more than it means that all human traders are bad. Some human traders make a lot of money. Some EAs make none. You need to pick the right one. Avoid free expert advisors … they may not cost you anything to buy, but they will cost you a whole lot in trading losses! Take time to find the best expert advisor to give yourself the best chance of making money from the get go in the risky world of foreign currency trading.

If you want to take the hassle out of trading forex on the markets then this could be a useful tool for you The Ivy