what is the best forex robot?
i am new to trading, and i have been brought to the light of the trading robots, and I’m deep in the middle of my research of dozens of them, and i thought that perhaps I could ask what other people thought and the reasons why they think that particular robot is better than another. I don’t want a marketing ploy… I would just like to know how some others, preferably newbies, have done with their EA robot… What did you originally go in looking for as pros and cons of each robot… What little thing have you noticed that was surprising to you after you got started…. Is the support good? Was it easy to install and learn? Please help me on my quest to have a little more financial security.
Thanks!
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Filed under: Forex Trading
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There are two ways to undergo Forex trading. There is, of course, the traditional method. You choose a brokerage firm and you open an account with them. You then deposit money and start trading. You set your own trading schedule and you stay glued on your computer screen during the chosen time. You watch price action on your charts and try to make your best prediction of where price is going to go, then you trade.
There are many factors that determine whether or not a forex robot can be considered the "best". First of all, it has to be *legitimate*, meaning it’s not a scam. There are plenty of scam robots out there, so the best way to determine if it’s not a scam is to *test* it. (Also, make sure there’s a money-back guarantee, if the robot turns out to be a dud.).
Something that most traders overlook is that your broker plays a large part on whether or not the forex robot is profitable. For example, if the robot uses a scalping trading strategy, but your broker does NOT provide tight spreads, then chances are the robot will lose money. However, if that same robot is run on a broker platform that provides tight trading spreads, then the robot’s chances for success are much greater.
In my own experience, I have found FAP Turbo to be a reputable forex robot. And I am getting decent results from it (however, no where near the spectacular rates of return boasted on its marketing page.) You can see my own live test of FAP Turbo, which I am running on a *real-money* trading account to see for yourself…
I have tried Forex robot before. Most of the time, you will make many small profit, but lose big one. And you have to leave your computer running.
Besides Forex robot, you have two other options for forex autopilot.
They both drive trades by specialists into your Forex account and trade automatically without the need to leave your computer running.
1) ZuluTrade.com
2) Forex System Selector
http://www.fxcm.com/forex-system-selector.jsp
Things with EA is not every software is good. You have to look for good ones yourself. Preferably with some advices from someone who’s already try it and got the result. Because it is so many EA program out there.
there are lots of trading robots available which will help you increase your chances of making money. try going on http://www.forexbusinesssolutions.com for information on robots, it is very helpful.
good luck!
Hey ,
A friend of mine recently joined a forex training company called Forex Automoney for just $4.95 and, to date, he still believes it was one of the best investments he has ever made…
Good luck!!