Forex Trading Robot Software

Sandy asks…

Do the forex robots works? Which is the best robot?

Hi, I have some questions about forex. I saw that there are many forex robot, software for trading in forex in autopilot.
1. Do they work? If yes, which is (or which are) the best(s) in the world?
2. Can they cause a money loss?
3. I’d want to begin to trade. If I use one of these robots can I reduce the risk?

Thank you.

admin answers:

1. Yes they work – they have been created to mimic successful traders which means that the systems they use have been proven to work many times before.

The best is a robot known as “Forex Autopilot”. You can see it at http://www.fxsystemscompared.com/rev_forex_autopilot.html

2. They can cause money loss but you should always test them out on a demo account to start with.

3. There is always going to be risk in Forex no matter what you use. Using one of these robots will just reduce that risk slightly but the risk will still be there.

If you’re still worried / confused about whether these robots are worth your time (& money), I would download the free ebook at http://www.fxsystemscompared.com which shows you how to avoid the many, many scams in forex.

Hope this helps?

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Best Forex Trading Robot

William asks…

What is the Best Automated Forex Trading System Out There?

Hi everyone!

I am relatively new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. There are so many though! Can anyone suggest like a good one, based on personal experience?

Thank you!

admin answers:

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

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Best Forex Robots Test

Mary asks…

What is the GMT setting from FXDD MT4?

I just purchased the FAP turbo forex robot and I’m going to put it on a test on a demo acct but I need to set the correct settings. Can anyone tell me what is the best GMT setting for FXDD MT4 in New York City?

admin answers:

New York Session / American Session

This session opens daily at 13:00 GMT also 8:00 EST and closes at 22:00 GMT also 17:00 EST. The hot time in this session is usually when the euro traders are still active. Which is between 13:00 and 17:00 GMT also 8:00 EST and 12:00 EST. The most liquid pairs during this session would include USD/CHF, GBP/USD, USD/CAD and EUR/USD.

Regards

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Automated Forex Trading Software

Sandra asks…

Has anyone successfully used automated software in conjunction with forex trading?

Being a complete computer nut, the idea of using a computer to evaluate current trends in real time and have it indicate the optimum buy and sell points, really makes sense to me.

If you have had any experiences with automated software in the forex or similar trading platforms your answer will be of great interest to me

admin answers:

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

Here you’ll find the best software that can help increase your trading profit and user friendly.

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Automated Forex Trading Software Singapore

Sandy asks…

Do I need a license to trade forex for others using my software hosted outside Singapore? ?

I am planning to run an automated forex trading platform hosted on a server outside Singapore. Client’s trading platform will be hosted on the server and trades will be executed on their behalf. Do I need a license and how do I obtain the license?

admin answers:

If you are trading for others, you may need a license based on your countries rules about being an advisor sort of speak. You may want to contact some of your local officals You should be okay if the funds remain in your account. If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

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Forex Trading Robot Free

Maria asks…

where can i learn advanced forex trading strategies ?

Hello all,
first of all i want to say that i already know all forex beginners materials
i know what pips means what moving average means, MACD , indicators, robots, experts, RSI, …. and all that stuff …

now i still want to learn more advanced things
to go one step farther
to learn a real working strategies, step by step …

from choosing a good currency pairs , to picking the right direction (bearish or bullish) to enter the market and where exactly to exit the market (where to place the Take profit or Stop loss orders)

i’ll be more than glad if someone already passed those steps , already making a profit from forex with real account (not demo) and could just post a helpful link or advice to start from..

i don’t care if the tutorial website you point is free or not
i am ready to pay money for good advanced forex trading courses
but i am scared to end up with a scam one, because as you know about 99% are scams and all they want is your money , and they don’t give you a real worth course …

thanks all

admin answers:

Many people told me that investing in curriencies is the hardest way of investing, because it doesn’t have clear direction. Bullish or Bearish is hard to detect. However, there was the two big crisis, 2008 global crisis and the EUR crisis mid of last year. Many people who traded forex frequently, made huge profits from trading Dollars, and EUROs, simply because last year they could buy year at a 10-Year record low.

Now adays, all eyes are on the Japanese Yen after the Quake..
So, i really give you advice not to trust any one in this kind of trading, because even proffessionals lose for unpredictible mistakes

Donna asks…

How to become a successful day trader?

THIS MAY GET PRETTY LENGTHY SO I APOLOGIZE IN ADVANCE. I’m 21 years old i have had the dream of becoming a day trader since i was 17 after watching the show ” wall street worrier” where timothy sykes turned 12k of his what is a bar mitzvah money to a near 2mil in 2 years which is awesome so i don’t see any reason why i cant turn 1k into 200k in 2 years lol. I went to school for business admin for about a year then dropped out due to financial issues, but plan on going back after i get started trading because i know you don’t need a college degree to trade in the market. I don’t really care so much about all the money that can be made, i just feel this is the ideal job for me i can actually live my life and not worry about not having money to pay bills and ill have alot more time to go out and do things.

so with that being said i have been doing research and i feel the forex market is the best choice for me at the moment because my schedule is very irregular. I have been studying the website babypips.com and i feel like they focus on the technical side more so than the fundamental and psychological side.

so where can i find information on how to read forex news reports? what do you successful traders do that will help me get on the right path to trading? Is the fxoanda demo account a good trading platform? What are some good books to read that will help me? any other information please feel free to leave here or inbox me i can use all the info i can get.

thanks guys!

p.s. AFFILIATE MARKETERS stay away i’m not interested in your get rich quick schemes or market robots thanks

admin answers:

Start with a Stock Market for Dummies book. I saw one in a store once.

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Forex Robot Review

Jenny asks…

What do you think of Ivybot? Does it really work? Honest Ivybot Review?

I have checked the sites below so far, but does anyone have any views on the new Ivybot forex trading robot?

http://www.IvyBotBlog.com – Ivybot Review

http://www.IvyBotBonus.com – Ivybot Bonus

http://www.IvyBotScam.com – Ivybot Scam

http://www.IvyBots.com – Ivybot Official Site

admin answers:

There is NO forex robot that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich. Here is a good read about forex signal company:

A Forex trader needs to learn and master the necessary skills to be successful in forex trading.

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Automated Forex Trading Robot

Richard asks…

Forex Robots – do they work?

I am new to forex and I want to get an automated robot that can work for me whilst I am at work. My intention is to get to a level whereby I can use this robot as my full time income. I see from a lot of the Robot’s available like Fapturbo, Monster Forex, Ivybot, etc they all promise great returns but I am very sceptical about the results they show. Can anyone help me in finding a well organised company that can point me in the right direction to enable me to start forex trading and more importantly making some extra money.

Thanking you in advance,

Russell

admin answers:

The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called “Zboy227″ who says “I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227.” The “/Zboy227″ tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words “forex robot” and “scam” you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

Mandy asks…

I’m purchasing FAP turbo for the known FOREX market?

I will be opening my account with $1000.00 with metatrader4 in the forex market, I’ve been doing my research and have found that FAP turbo is the automatedrobot” I want to use to help with my trading.

What kind of results do you guys think I can get with starting with such a little account ( $1000.00 ) I’m not expecting to get rich quick at all, just start making money and eventually be my only source of income.

Thanks everyone

-Jose

admin answers:

Hi Jose,

They advertise a winning trade percentage of over 96%. There is no such thing as a trading system or robot that can sustain a 96% winning percentage over the long term.

Trading systems of this type usually show very short hypothetical track records that usually highlight the system’s best period of performance. The end result is that you are unlikely to experience the types of returns they advertise.

Also the risk/reward ratio of most Forex trading systems with 96% winning trades is a recipe for disaster.

I know that I may sound negative, but I write this in hopes of saving you and other people entering into the markets some time, money, and grief.

I hope that you will take your time and learn to trade Forex properly. It’s easy to start with a demo account without risking any actual capital initially.

Good luck to you in your trading.

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Best Forex Robot Reviews

Mark asks…

Is AlfaForexEA a good Forex system?

Hi! I’m newbie in Forex. I have a question what do you think about this trading robot? I found this system review at this blog: http://www.trade2win.com/boards/blogs/alfaforexea/5320-alfaforexea-best-automated-forex-scalper.html

admin answers:

I believe most of them are crap.

If they actually believed in their system they would be no need to sell it to you as they would be making millions right now using it.

Their system requires element of luck.

Anyway thats my opinion

if you want forex educational material, contact me. I have loads.

Joseph asks…

Is AlfaForexEA a good Forex system?

Hi! I’m newbie in Forex. I have a question what do you think about this trading robot? I found this system review at this blog: http://www.trade2win.com/boards/blogs/alfaforexea/5320-alfaforexea-best-automated-forex-scalper.html

admin answers:

Cheap forex robot obviously dont work, think about the general rule if something’s gonna make you 100% in 2 weeks consistently why would anyone sell it, Not to say there’re no viable forex trading robots out there but an easier and safer solution to get your feet wet into forex is to try a managed fund inquire with this company

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Automated Forex Trading Software Robots

Jenny asks…

… Any software to create your own forex expert advisor, robot or automated trading system?

… Any software like the above-mentioned allowing you to do that in a very SIMPLE and EASY manner?

admin answers:

Take a look at http://www.airbionicfx.com/

They offer custom MQL programming service for Metatrader platform in full spectrum. Code protection, License management and more services.

Maria asks…

… Any software to create your own forex expert advisor, robot or automated trading system?

… Any software like the above-mentioned allowing you to do that in a very SIMPLE and EASY manner?

admin answers:

Take a look at http://www.airbionicfx.com/

They offer custom MQL programming service for Metatrader platform in full spectrum. Code protection, License management and more services.

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