My Forex Wiz » Robot

Forex Trading Robots

admin — Sat, 05 Dec 2009 18:20:40 +0000

jon jax asked: During the past few years the one of the most important trends in investing has been Foreign exchange robot trading. Taking a look at the factors surrounding the concept, you can certainly see why. First we have the explosion of software and technology which has made automated fx trading possible. You have more and more folks working from home either by choice or circumstances ( layoffs, terminations, need for more suppleness ). And you have the recognition of the foreign exchange market which can be traded twenty-four hours per day whenever you want.

This has created a “perfect storm”, which has seen the upward thrust of the foreign exchange trading robot. But unfortunately there are so many programs out there, it is troublesome decide what to pick and if it is even safe to deposit your hard earned money. Well to help navigate these waters, let me make some recommendations.

Never trade money that you need now. If are trading money that you need to make a rent, mortgage, or card payment you are playing a losers game. The currency market should be traded with money you are able to afford to lose. But the fantastic thing about the market is you only need a couple of hundred to play, so this makes it possible for just about anybody to try.

Paper trade and test before you start the real deal. I frequently see folk purchasing their software, installing it, and then shooting for the moon right away. This makes Forex investing phenomenally Dangerous . Most automated Currency exchange androids have an option to make paper trades first. This could give you the chance to test different systems and currency pairs before you start trading real dollars. Do not dive in head first with real money unless you would like to ***** your head on the base of the pool!

Download a Forex trading robot that offers support and a full refund guarantee. A publisher should stand by their product, not take your money and run. This is a straightforward way to work out which Forex robots are “safe” and which are just out to trick you.

Armed with these tips, using Forex robot trading software should be a lot less complicated and SAFER. What you want to do now is go out and find an automated fx trading program that fits the outline of step 3. There is a Forex robot out there which offers full support ( email, telephone, training, coaching sessions ) to help reach your monetary goals. What are you waiting for?

Want to unlock the way to automated Forex profits? At

For the best Forex Robot Trader take a look at this link.

I have cut thru the hype to tell you which robots are real money makers and which are complete tricks. Don’t spend a penny till you have gotten the REAL truth about Forex robots.

Make Money Forex Trading: Even Beginners

admin — Wed, 02 Dec 2009 15:43:55 +0000

Edward Lomax asked:To make money Forex trading, most people thinkyou need to learn a lot and have the advantage of years of experience. Then you use this knowledge and experience to track the currency market and make trades depending on the trends. This is after all how to be a profitable trader. But that was the old way.I agree taking the time to learn Forex trading and understand market trends is something you should do, things have changed. As with most things, the process of doing everything by hand, to creating tools to help make the job easier to complete automation has hit the Forex market. This is excellent news if you want to make money Forex trading, but don’t have the knowledge and eperience to do all the trading yourself.

Make Money Forex Trading With Automated Software

Don’t feel that using an automated Forex robot is cheating. These programs are not just for beginners looking to break into the Forex market and make a profit. Even the most experienced trader uses some kind of software to help make winning trades on a consistent basis, or at least they should. It just makes sense. Software programs, depending on their programming, can be extremely accurate.

Forex Robots Are Better Than Humans

Let’s face it, computers can do things we can’t, or can accomplish difficult tasks in a blink of an eye. The same is true of Forex software. Software programs are very effective for keeping track of the Forex market in real time and automatically making trades for you based on the preprogrammed indicators. So, say goodbye to sitting in front of the computer at all hours of the day and night analyzing currency charts to figure out when to trade.

But the best thing about using software programs to make money currency trading is the elimination of human emotion. Let’s be honest, when real money is on the line, it is easy for emotions like fear and greed to enter into your trading decisions. Impatience and lack of confidence can also creep into your trading decisions. This is not recommended if you want to make consistent profits and a high percentage of winning trades.

To Make Money Forex Trading You Need To Pick The Right Software

The truth is, as great as using a trading robot sounds, nothing is perfect. Nobody can make 100% winning trades all the time. The same can be said for using Forex software to do your currency trading. The trick is, use a software program that is programmed correctly and makes more winning trades than losing trades. This is the fastest, easiest and best way to make money with currency trading.

Here’s the good news. There are some Forex robots that have been proven to do very well, even doubling ones money in as little as 30 days. They can make between 90=95% winning trades. So when you add it up, you end up making more money than you lose. And isn’t that really the point of currency trading.

So, you really don’t need any experience at all to make money Forex trading. I do recommend learning the Forex market and being able to identify market conditions, but I would try doing everything yourself without the help of a proven software trading program. This is great news for the beginner investor who wants to invest in the Forex Market and take advantage of the tremendous opportunity to make money and create real wealth.

Automated Forex Software – Forex Trading Made Easy

admin — Sun, 18 Oct 2009 17:44:01 +0000

Allisson Wood asked:

Automated forex software, also known simply as forex robot is a product of innovations in technology and the tricks of the best traders in the forex market. It automates trading decisions by using in built features that analyze the market in a fast and logical manner. It makes forex trading simple, fun-filled, quick and thought-free!

To make trade decisions that are profit making, automated forex software can be used. It serves both beginners as well as experienced traders; small account holders as well as large account holders. It limits risks by having ‘stop loss’ breaks in the system that automatically quits trading when some thing unexpected happens.

In automated forex software, decisions are arrived at in a methodical way. The algorithms are written to analyze various parameters and pick trades that maximize profits. The decision making process is not only precise but very fast. There fore a lot of time can be invested in actually playing around in the market, getting into action, rather than wasting time in pondering over trade decisions and analysis. Forex robots also offer high usability; they are easy to navigate and all the thought process and calculations that go into decision making is done by them. They provide reports for gathering real time information about the accounts.

Forex software is simple to use. Hence it can be used by novices too, who do not know much about forex trading and yet want to participate and make profits from the forex market. There are automated forex software available that come with real-time proof of profits and money back guarantee, if the advertised results are not achieved.

Forex Boomerang promises its users to be an ultra powerful, fully automated tool that will make profitable trade decisions. It can be set up to trade forex 24 hours a day for 5 days a week. It has a low risk and high return formula built into it.

FAP Turbo is automated forex software that is very simple to use yet guarantees exponential profits in a very short period of time. It can be used effectively with small and large trading accounts. It provides live proof of profits being made using real time accounts for its customers.

Forex Maestro is a robot that is supposed to have artificial intelligence built into its system promises that the system is fool-proof and can gather in huge profits. It claims to compare very advantageously with the other forex robots available in the market.

Are you ready to make money with automated forex software? Check the review site at http://automated-forex-software.com/best-forex-trading-software-products.html to see the benefits of using it

Forex Trading Reviews – Is FAP Turbo software a scam?

admin — Fri, 31 Jul 2009 13:18:28 +0000

Expert Interview Agent asked:

Forex Trading Reviews – Is FAP Turbo software a scam?

We here at Only-Top-Rated Forex Product Reviews have personally tried and tested Several Forex Products on the Market and after filtering out all the Rubbish, have found three genunine Forex trading systems that actually work and give some outstanding results.

When looking at potential Forex trading software programs online, many people fall prey to clever little tricks and tactics employed by the program owners to inflate or distort the program’s effectiveness.

One such tactic is by displaying the “back test” results.

The back test results represent the results of the software running in demo mode and although they can give a decent representation of how well the software can perform, they also can be doctored to fit the bill.

The thing you need to pay attention to is the equity curve (showing your potential rise in earnings each day/week/month).

After visiting the FAP Turbo Review website and looking at the back test equity curve, FAP Turbo seemed at first like so many of the other Forex trading programs out there…a little too good to be true for my liking.

So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:

1. Winning Percentage

The first and foremost key to a good Forex robot is the winning percentage it produces. Now, many people take figures that are produced over a couple of weeks as golden, but the real secret is to look at long term figures for a better representation.

The beauty of FAP Turbo is that the winning rate in the past 9 years has been 95% on average, with live testing showing even better winning percentages.

Clearly, the software can make you money from this factor alone.

2. Drawdown

Drawdown is also an important consideration when choosing Forex trading software because it measures the maximum percentage of capital that the software has lost you.

It’s worth knowing that the average Forex trading software can have drawdowns of around 10 or even 20 %. After evaluating and reviewing the FAP Turbo system, we were excited to see that their software boasts an average drawdown of just 0.35%…very impressive.

As you can see, these figures are pretty promising when it comes to Forex trading software that will make you money on autopilot.

What we found out during our extensive review (see bottom of article) is that the FAP Turbo software seems to trade for long term rather than short term, and makes you money from trends that are more stable as a result (probably why the success rate is more predictable for so many people).

We also noticed even before trying out the software that the videos, screenshots and other elements of proof on their website are pretty consistent…because the back test results and the live results share a similar pattern of equity growth, whereas many bogus schemes will show inconsistencies in their results because their back tests are falsified to inflate the true performance (using different rules in demo mode compared to real live trading).

When you consider the substantial evidence and the impressive trading figures that FAP Turbo has been delivering for nearly 10 years now, it’s hard to turn a blind eye to such a powerfully automated trading machine.

Automated Forex Trading Software to Make Money Fast Online

admin — Wed, 13 May 2009 01:04:04 +0000

Daniel S. asked:

One thing is for sure, there is not a forex trader around who cannot get better and one way to improve your trading ability is to use automated forex trading software to add a few new tricks to your bag. Some traders believe that not only can it help them make money fast online, a software forex robot is also very good at helping you to add profitability to your good trades and decreasing your losses on the bad ones.

This software forex robot is not something to replace the trader, it is actually quite the opposite. You are still going to have to know the basics of trading and set the software within your limits, but a lot of the manual task work and guess work is taken out of the equation.

Once you get the forex software rolling, it is quite obvious that anyone involved in the forex market should want to use it. No more figuring out numbers by hand or even keeping records, the software will handle all of these mundane tasks for you.

One thing that a lot of people do not consider when they are talking about automated forex trading software is that it can not only handle the basic tasks for you, but it can ever teach ‘an old dog new tricks.’ There are different simulations or backtesting that you can run to help increase your every day skills as a forex trader. Everyone involved in forex trading should always seek to learn as much as they can at all times and this software is a wonderful learning tool.

While the automatic forex system is definitely great in most areas, it does have a few shortcomings. The most prominent of these is the software’s inability to compensate for a sudden change in the market that is based off late news. Whether it is the database information or some other reasons, the forex trader themselves will need to keep an eye on the trades when this happens to ensure that their money is protected.

As we mentioned before, this forex software is not to replace a trader, it is more of a tool than anything else. The value of it is in its ability to track and record all information and to keep an eye on your forex investments. In just about all areas it is very successful in doing just that, but this one small shortcoming will have to be watched. Regardless, this is something that every successful forex trader needs to educate themselves on and use in order to increase their level of success.

Forex Trading – if It’s as Easy as Many Claim Why Do 95% of Traders Lose?

admin — Tue, 12 May 2009 02:04:02 +0000

Kelly Price asked:

If you read a lot of the vendors online you would think forex trading is a walk in the park and of course its not, that’s why 95% of traders lose. The good news however is you can win – if you follow the advice in this article…

Most forex traders fall for vendors telling them they can make money easily, by following their advice or a mechanical forex robot.

These so called forex experts though are anything but and all they have to back up their claims are back tested paper simulations. That’s trading knowing the closing prices and it’s so easy a child could do it. Don’t take this nonsense seriously.

A back tested simulation, means absolutely nothing, in terms of how you will do and in most instances, traders who buy these trading systems get wiped out.

Now in life, you know that to make money you need to make an effort. You need to the basics and learn your art.

Forex trading is EXACTLY the same, you need to know what you are doing and have confidence in your knowledge.

The Good News is

For the effort you need to make, the rewards are huge!

Even better news is – it’s proven that everything about successful forex trading can be specifically learned by anyone with a willingness to learn. Now, let’s look at a story which will inspire you.

A famous trader called Richard Dennis, set out to prove the point anyone could succeed at trading, with the right mindset and education. He taught a group of people who had never traded before to trade in just 2 weeks – the result?

These traders made $100 million, in just 4 years and went down in trading history as legends.

Learning a successful trading system is easy – applying it is the hard part.

Despite what you may read online about you won’t suffer losses for weeks on end – you will. Don’t worry though, even the best traders do! The trick is to keep your losses small and stay on course until you hit profits.

You have to lose to win in forex and this is hard for most people, they simply cannot take their losses and trade with discipline.

A simple system applied with discipline, is the key. Keep in mind, if you don’t have the discipline to apply your system, you don’t have one!

Forex trading is a combination of method and the mindset to apply it.

If you get the right forex education and work smart you can get a simple robust forex trading strategy together in a couple of weeks – then its down to mindset and your ability to stay on course.

While being disciplined is not easy, if you have confidence in what you are doing, you can achieve it.

So forget all the people who tell you forex trading is easy – its not and you would hardly expect it to be with the rewards on offer.

Approach forex trading as a business, learn to take your losses and be disciplined and if your system is soundly based, you will soon be piling up huge profits and enjoying currency trading success.