Automated Forex Robots – Why Professional Traders Don’t Use Them

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I have been a broker, worked in a fund management house and educate traders and I can tell you in my 25 years of trading experience, I have never seen any serious trader use the few hundred buck robots that are supposed to lead you to success – Why? Because they don’t make money…

Of course if you look at there track records of must Forex robots they have better track records than the world’s top traders who are on multi million pound salaries and yet, many robots claim you can double your money every month and all for the price of a night out. The reality of course is they never deliver and the reason is obvious.

They lose money!

The track records are either back tests, (in simple terms this means made up knowing the closing prices) or presented by the vendor themselves with no independent verification, no audit by a third party is ever presented. Hardly inspires confidence does it?

All Hype and No Substance

The hype in the copy is that you can make money in your sleep, while your playing golf or having a beer, simply switch the computer on, leave it and make money – but if this were true, the whole world would be trading and no one would bother to work.

In Forex trading lets make a point clear – you don’t make money easily! 95% of traders lose and in the case of the cheap Forex robots it’s 100%

The robots are all supposed to have been devised by whiz kids, nerds or insiders and one site I know actually took a few of the well known “traders” and showed where they had come from, a site of actors!

The systems present unrealistic gains which even Warren Buffet couldn’t match and traders believe them.

Sensible people suddenly become blinded by greed. Now lets look at how to make money and what you have to do.

How to Make Money In Forex

Serious traders know that like in all areas of life, you have to learn skills and learn to apply them with discipline. They don’t buy into the myth that Forex is a walk in the park – because its not. Of course if you are prepared to get the right Forex education, learn skills and apply them, you can make huge rewards for your efforts.

If you take Forex trading seriously and put in effort you can win, think Forex trading is a walk in the park and you don’t have to make any effort and you will lose, its as simple as that.

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Forex Trading Robots – How Do You Actually Set Them Up

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A lot of people are confused by the whole concept of forex robots but they are actually quite straight-forward. They are simply automated expert advisors that will automatically place trades on your behalf based on pre-programmed trading criteria. So how can you set up these forex robots?

Well first of all you need access to the Metatrader 4 platform. This is because this advanced charting software is capable of integrating these expert advisors into their platform, so for that reason many creators of these robots configure them to work specifically on this platform.

A lot of forex brokers use their own charting software so if you do intend using a forex expert advisor, then you will need to switch to a broker that uses Metatrader. You don’t necessarily have to open a real money account because some brokers will allow you to try out this software with a simple demo account. Indeed this is advantageous because you should always test out a robot on a demo account before you start using it on a live account, because it may not even be profitable.

Anyway once you have access to this platform, you are ready to set up one of these expert advisors. The installation process is relatively easy. You simply download the file that you are provided with to your computer and upload it into the Metatrader platform. This whole process should take no more than a few minutes.

Once the expert advisor is on your platform you can start allowing it to trade, although you should first of all enter some trading criteria such as your stake per trade and how far away you wish to place your limit orders and stop losses. You may well decide to use the default settings, like most people, but these robots can always be improved upon in some way.

The trading robot is now ready to start trading and hopefully start making some money. It is recommended that you leave your computer on all the time so that the expert advisor is always able to place trades on your behalf, but there are other options you may wish to consider. For example you can now purchase a monthly forex hosting service that will enable you to run your expert advisors elsewhere on another server, which is obviously a lot more convenient.

Anyway hopefully I have demonstrated how easy it is to set up one of these robots. Actually making money from them is a lot harder because there are so many poor quality robots being sold online at the moment. The trouble is that a lot of these robots look impressive when you check out their back-tested results, but when traded live they are often nowhere near as profitable.

Guide To Getting Rich With Forex Robots Special FREE Report

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Make no mistake, there is no such thing as a set and forget system, simply because the markets are constantly changing, and so someone needs to keep our systems up to date. Well, the Forex system sellers aren’t going to do it, after all they’ve made their money and delivered what they promised for several months at least.

The best Forex trading system course I know is called The Guide To Getting Rich With Forex Robots, and even though it sounds cheesy and full of hype, I can assure you that it delivers with everything you need to know about running your automatic Forex trading systems profitably for a very long time.

After all, once you buy the system, it’s just business and its venture capital and not its. What they don’t want you to know is that with the huge returns come huge risks as well, because they’ve ramped up the settings on their systems to a very aggressive level. This is how their systems can have performance results of 50% to 100% profit in a few weeks.

If you don’t know any better and run your automatic Forex trading systems on the default settings, then you may make the promised returns for a few months, and then blow up your account one fine day when a freak move happens in the markets. Something like Japan earthquake that just happened a few days ago, that will send the Forex markets tumbling 1000 pips or more.

That’s what we term as your system being out of tune with the markets, and instead of casting your system aside for a new one, you can save yourself a lot of money and effort by just tuning up your system.

The Guide To Getting Rich in Forex Robots is a complete guide on how to calibrate the system and the maintenance of the system fit with new markets.

Of course, after buying the system, there is no incentive for the system vendor to continue with the optimization, so that you end up with a system that breaks after 2-3 months. That is of course, unless you apply the valuable information contained in this Forex trading system course, in which case you’ll stay profitable for years to come.

The Pluses And Minuses of Forex Trading Robots

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Today Forex market is really popular throughout the world. That is why there is nothing extraordinary in the fact that lots of trading robots are coming to the market these days. It doesn’t matter whether you are just starting trading forex, or you are an experienced trader, it’s necessary to use, I mean, Forex trading robots. It’s beneficial that, these will give a chance to understand what products that are available on the market can help you to be successful and make more profits.

In this article we are going to give you some brief information about Forex trading robots and how they can be used.

As a matter of fact there are many various kinds of signaling and robotic software packages in the Internet today. It should be noted that robotic software can be quite different today. Some robots do most of the operations itself, however, there are those that require users to be a little more involved in the process. Although all these tools have their peculiarities, most of them are very similar. That’s why, you need to be selective, when choosing a robotic software for your daily use.

It’s a true fact that for people, who only trade for a short period of time and don’t have much experience, it would be better to pick a product that handles and automates just about everything for them. In general, all these programs are based upon the same principal, however most of them work in different ways. Aa an example: some software let their user know when a trade is a good one and potentially profitable and automatically trade for a user, while others necessitate that the user trades himself, manually. In fact, you need to make a selection grounding at the amount of free time you have and also your experience in forex trading. As you are new to Forex, maybe the best selection would be a Forex trading software that can do everything itself.

Definitely, if you are experienced enough and you have been involved in these types of investments in the past it would be hard for you to let the software control everything. Probably you will want a little more control. I want to admit that people, who are already experienced in Forex and are getting profits, in most cases don’t need a software of this kind, as, they should have the final say. You may find it necessary to use the program that provide a certain degree of automation, but not doing the whole job.

Now that you have already received some recommendations concerning the selection of a Forex trading robotic software, it is high time to go out and start looking at your options. In general a good trading tool can be really helpful, if properly used.

Do Forex Robots Really Work – An Objective Look At The Best Of Today

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FAP Turbo is one of many automated forex robots on the market today which comes with the claim of automatically placing an ending efficient and effective trades on your behalf. The entire process is said to be automated so you just sit back and watch the money roll in. How much truth is there to this, however, and do forex robots really work?

FAP Turbo is an automated forex robot whose sales letter claims that it will make you reliable gains in the forex market without your experience or even time really required of you. Every aspect of trading is said to be carried out on your behalf. How much truth is there to this statement, though? This begs the greater question, do forex robots really work?

FAP Turbo operates by keeping a constant analysis of real time market data around the clock. In fact, when you get the system you need to decide if you can run the program 24 hours and leave it connected to the Internet from your own computer or if you cannot or are not able to do that for any reason, the publishers will run it from their own servers for a small monthly charge, so consider that up front.

The program scans the market looking for the origins of profitable trends and once it’s found what it deems as being a reliable trading opportunity, it invests accordingly. From there, it follows that trade’s performance along in the market step by step minute by minute with the purpose being of keeping you on the money earning side of that trade for as long as possible. Once the market fluctuates out of your favor as it will inevitably and eventually do, the program trades away the now bad investment, thus shielding you from debt.

In answering the original question of do forex robots really work, these programs are actually effective because of the fact that because they are entirely automated and digital, they can react to changes faster than a human trader could even.

The major difference to be mentioned about this program versus virtually every other forex automated trade program is the fact that this is a very conservative trend scanner. It only goes after certain trades if they meet its higher standards and exhibit less risk traits. This program will consequently invest less often than other forex trade programs, but when it does it is likely to make money and it boasts the best winning rate of any program on the market today as a result.

Another nice point to be made about this program is the inclusion of a full 60 day money back guarantee which enables you to test the program first hand without fully committing to it so you can see it earn money for you in a virtual currency setting before you fully make that commitment.

Forex Robots In The Traders Toolbox

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Forex robot software also known as Expert Advisers or EAs are taking center stage in currency market trading. These programs give information and advice when to enter and exit a trade. The basic function of these programs is identifying possible profitable trades by interpreting the many signals from the Forex markets.

What do the Forex Robots actually do?

These automated Forex trading systems give you signals or indicators that tell a trader when to enter or exit a trade. This can be performed manually or you can have the Forex Robot do it for you. The variables by which the Forex robot determines these trades is usually pre-programmed, but a trader can in some cases enter his own that suit his trading style or objectives.Important factors that determine success currency trading such as risk management, trailing stops stop loss limits and scaling out of trades can all be programmed into the Forex Robot.
Forex Robots make money management easier. These amounts represent prior to entering any trade. This give the trader more discipline in his trading. Many experts agree that money management ultimately determines the success of a trader.
You can also have a semi-automatic approach were the Forex Robot is in charge of certain parts of a trade, while the trader does the others manually. This gives you more flexibility, especially for experienced traders.

Forex Robots are intended to be of help to both the new and experienced trader. For those just starting out everything can be automated. The experience trader can fine tune the system for the maximum results.

What is the necessary equipment?
This why Forex trading is an optimum business, because you do not need to make a large investment in equipmentThe two items you need are a good computer and a Internet connection you can count on. Since you can trade currencies 24 hours a day, the computer and operating system you choose is important. Even though they are rare, crashes occur, so you need to have a backup system to safeguard your information. Instead of making this investment, you can have a virtual hosting system were the information is stored at a remote location. This reduces the risk of a serious data loss since these locations have redundant backup systems.
A Forex Robot system is a great tool for both the new or experienced trader It can help you make consistant profits or boost your trading to the next level. To obtain the best results, the trader must have the proper mindset to trade.

IvyBot Forex Robot journal – Is IvyBot in support of Real or else is it simply Too useful to be present proper

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IvyBot in the sphere of a new to the job Expert Advisor with the aim of has customary much attention in the sphere of the only remaining a small amount of days and has already had various immense reviews from forex veterans.

At this time are solitary various of the reasons in support of its popularity:

* It’s the solitary automatic trading method with the aim of has the facility to upgrade itself according to the changes in the sphere of the FX marketplace. This marketplace moves up and down all the clock and using a static algorithm is a all right recipe in support of failure. The software has been involuntary to react to each amendment. In the sphere of piece of evidence, in the fiscal emergency it has been updated supplementary than 50 era.

* It has a very impressive ancient performance. In the sphere of 2001 620.14%, in the sphere of 2002 490.32%, in the sphere of 2003 790.32%, in the sphere of 2004 721.97%, in the sphere of 2005 920.00%, in the sphere of 2006 475.89%, in the sphere of 2007 691.87%, in the sphere of 2008 745.11% and in support of the originator 190 days of 2009 its return of investment is 523.98%.

* This robot is based on a unique algorithm with the aim of uses a special combination of the following variables: Technical value patterns, self-assured projection scanning, marketplace liquidity, volatility, trend analysis and weighted value engagement. This algorithm allows Ivy Bot to predict the expectations trends with accuracy of 98%.

* It’s 100% automatic and can composition non-stop 24 hours a daylight hours, 6 days a week with no your enthusiastic participation. This takes away all the possibilities of soul boo-boo.

* You don’t give birth to to be present an practiced trader and you don’t need to give birth to at all technical awareness, in the sphere of order to succeed money.

* The size of your explanation doesn’t carry some weight. You can start trading with having the status of slight having the status of $50.

* IvyBot is not in point of fact lone software, but 4 robots rolled into lone. Each robot is specifically designed to trade with both currency brace (EUR/USD, USD/CHF, EUR/JPY and USD/JPY).

* They offer the greatest customer support in the sphere of the industry and their force answers very fast to all your questions.

Here Go to Trade Global Markets With IvyBot Just Do Download IvyBot – Install With in Min’s – Collect Cash

Forex Trading Robots – Why Most Automated Trading Systems Sold Will Destroy Your Equity

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There more popular than ever and greedy investors think they are going to get rich quickly with no effort. The reality check is almost all robots will destroy your account equity quickly…

95 – 98% of robots I see on the net have not even been traded!

The track record has this disclaimer on it.

Look for it in the small print if you see it and read it you will understand why it probably will fail miserably:

“CFTC RULE 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.

then of course the statement that makes the track record no use at al in determining profitability:

Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown”.

Now what is the logic of having a track record that has never been traded and what does it tell you?

Does it indicate anything about the profitability of the system – NO

Of Course it doesn’t and it’s a wonder that these track records are allowed to be used to sell to the public. Most of the time the traders buying the system don’t dig to deep and are generally trusting throw in some good copy and there soon buying the system.

I always read about how these forex robots are sold by ex bank traders etc – there not, there sold by marketing companies looking to tap into the huge market in forex trading products.

You can make money in forex but an automated trading system that has never been traded is not the way to do it. Let’s make one point clear:

Forex trading is NOT as easy as giving a few hundred dollars and buying success in a box – life isn’t like that!

You need to get the right forex education and do your homework – if you want to buy a forex trading system you can find some good ones with track records if you shop around – but never ever buy one with a simulation.

You could trying writing to the vendor and ask for his track record audited over say 2 years and see if you get a reply but don’t hold your breath.

Forex Trading Robots Are Here To Stay

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The field of currency trading has changed forever with the development of forex trading robot softwares by some of the most intelligent minds from the world of the forex market, mathematics and computer programming. Combination of these talents has led to the creation of these robot software’s which can literally make profits on autopilot. With these automated forex trading robot softwares, the field of forex trading has become a walk in the park even for newbie’s. Significant profits can be made on the forex market by learning to use these automated robots as they are very easy to use and have many significant advantages over the traditional methods of forex trading.

A FX trading robot is basically a complex program that monitors the financial markets for specific signal, such as combination of many of its indicators through technical analysis. Using its complex algorithms whenever it finds some particular predetermined combinations it (expert adviser) advises you to make the trade. In recent years some advanced robots have been programmed which can make all the trades on auto pilot . This ability of these automated forex trading robot software’s have increased their demand greatly among newbie’s and expert traders alike.

One of the best features they provide is that they can take advantage of the fact that forex markets are open 24 hours all around the world and since these robots can scan the market 24 hrs a day they don’t miss even a single profitable trade. They can simply outperform a human whether expert or newbie due to this feature alone. Another fact is that they use complex algorithms to calculate and make their moves so they seldom make wrong moves.

These automated forex trading robot software’s are here to stay and recently some advanced robots have been developed which have been able to to give consistent unprecedented returns on the investments. They can even be used to trade on demo accounts till the owner of the software robot becomes sure that they do offer the same returns as the designers claim.

Is This The Absolute Best Of All Of The Penny Stock Robots

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Penny Stock Prophet is one of the few penny stock robots on the market which exclusively and only targets and goes after cheap stocks. I have tested several penny stock robots over the years given the profit potential behind the best cheap stock picks, and have finally found what I believe to be the best of the best, so here is my full take on this program.

In opening, if you happen to be new to investing in general then you should know a bit about penny stock robots and what they do and how they work in full. These are programs which analyze real time market data on their trader’s behalf then using typically a combination of methods to put together remarkably accurate depictions of how certain stocks will perform and notify you subsequently so that you can trade accordingly.

A few penny stock robots such as this program use a combination of successful trading techniques and past market data analysis to generate these winning picks. This program takes the full scope of the market into account every time it generates a pick.

This is a major advantage as the market travels in patterns which repeat themselves every several years, hence the formulaic recession into recovery pattern, so by taking this into account the program can find similarities between the past and the present which indicates a likely trend. This is what the major trading houses use everyday and in many ways using penny stock robots is like hiring a professional to do the analysis work for you, but without paying out expensive fees and commissions.

Maybe the best thing about Prophet is that anyone can make some big profits from the stock market without knowing anything about it simply by investing accordingly in the picks which it generates.
Because these are penny stocks these are typically highly volatile, fluctuating stocks, meaning they go on quick bursts in value here and there given their cheaper prices and that less market activity is needed to affect it.

All of this combined means that you can make a great deal of money in a small period of time with the right picks and Prophet boasts a near perfect winning pick rate as far as how many of its picks go on to earn its traders money.