Automatic Forex Trading Software

Automatic
FOREX Trading
Software
Everything You Ever Needed to Know About FOREX Robots

BestForexRobotReviews.org © 2010
 Automatic Forex Trading Software

A word from the author:

Hey there! Thank you for downloading this short report, I hope you find it useful in your day-to-day
trading. Please do not alter this report in any way whatsoever. As an added bonus, I am giving you
the rights to give-away this report to whomever you want – be it a colleague, friend, family, etc. With
that said, let us begin…

The FOREX market is one of the most volatile markets and yet the most continuous and simultaneous
trading in the world. A FOREX trader profits from the movement of the different currency worldwide.
It’s market is very speculative and unpredictable. Currency values can change in milliseconds
because of different factors. This is where FOREX robots come in.

FOREX robots enable traders to trade without making emotions rule trading. There would be times
when traders exit a trade because of changes, only to find out that the endangered value would
come up again. For some traders, keeping your emotions in check and maintaining composure and
being rational can be very difficult.

So What Exactly is a FOREX Robot?

A FOREX robot (aka an ‘Expert Advisor’) is a computer program which runs on the MetaTrader4
platform and analyzes the FOREX market based on a particular FOREX trading system or strategy.
The good thing is that these FOREX robots are capable of analyzing more than one currency pair. It is
programmed to identify a pre-determined point where the robot can place an order or exit a trade.
Upon determining a particular trade deal where you would be able to profit, the robot can place or
continue with the order without the trader actually being present.

FOREX market changes very fast. Political, social and economic changes in a country can change the
value of the country’s currency. Aside from that, there are other factors that can change the
currency value. And it could happen in just a matter of milliseconds. This abrupt change can make
timing very difficult for traders. About 95 percent of traders fail to make any profit every day. How
can you be part of the successful 5 percent?

Whenever you are doing some FOREX trading, timing is crucial. This could either make or break your
profit. A FOREX robot could help you to improve the timing of your trading. This change could
actually help you attain bigger profits in the long run.

The good thing about a FOREX robot is that it could monitor all the currencies in the world. It could
monitor and determine not just one but more than 20 trading signals. With this capability, it could
easily monitor all the currencies and let you know if it has detected a profitable trading opportunity
for you.

A FOREX robot can even be left at charge. It is ideal for traders who needs time flexibility or have
time constraints. FOREX robot can do the work and seal the deal for you while you are doing
something else or doing some other work. They can even continue trading for you even if you are
sleeping or playing golf.

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 Automatic Forex Trading Software

FOREX robots are not all the same though. If you are looking for a FOREX robot, you would have to
take account your personal situation or lifestyle, objectives and previous trading experiences.
Unfortunately, not all FOREX robots have the same profitability. Its quality could sometimes be
dependent on the manufacturer of the program. There are some FOREX robots which claim that their
profitability is about 95%, however this is very often not the case. FOREX robots are NOT perfect.

FOREX Robot Myths

1. Complicated FOREX robots offer the best success rate

Unfortunately, this is not true. Often the most simple systems are the ones which work best. The
good thing about simple systems is that they use algorithms which are based on SOLID information
and not predictions.

Aside from that, vendors can claim that their programs were designed by brilliant people. At the end
of the day, a claim is a claim – and although some sites are legit, having a program designed by a
successful trader does not strictly mean the program will successfully create a profit.

2. Trading can be improved by scientific and predictive systems

Yes, FOREX trading and automated trading systems use mathematical calculations to understand and
analyze trading signals and their trends. Some vendors even use a Fibonacci sequence, but at the
end of the day, these formulas can help you analyze the market, but it can’t PREDICT the outcome of
a trade.

3. FOREX robots can eliminate loss

If this was true then a lot of us would be walking millionaires. There is no such thing as a perfect
FOREX robot. No matter how many hours of programming go into these programs you will always
encounter losses. That is not to say, however, that your profitability will be low. On the contrary!
Although losses are inevitable, FOREX robots with 90% success rates are not that rare anymore.
Everyday new products are being released and this increase in competition has led the programmers
to create better and better products. It may be a bit overwhelming at first for a new FOREX trader
wanting to purchase a FOREX robot – “Which FOREX Robot do I buy?” “Which one is suitable for my
skill-level and needs?” – and so on. I’ve created a website aimed at addressing these questions –
check it out at: http://www.bestFOREXrobotreviews.org

4. FOREX robots are 100% automated

Despite the setting up process – Yes, FOREX robots can be 100% automated to make trades without
your participation. The issue is, do you really want it to? Leaving it on its own for a day? Sure. Leaving
it alone for a month? Not so much… When it comes to FOREX robots, especially ones you have just
purchased, you will want to monitor its progress on a day-to-day basis. Don’t just execute the
program and expect that when you come back from holiday that your account will have increased 5-
fold. That being said however, there certainly are programs which are trustworthy – but these are so
few in number that it is worth monitoring your programs until you are CONFIDANT they are able to
trade by themselves without causing damage.

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 Automatic Forex Trading Software

5. Success in demo accounts is the same for actual trade

There is a trend these days for vendors to display demo-account transactions on their homepages of
their FOREX robots. Please be wary. With demo accounts there is nothing at stake. This means that
vendors can use more aggressive FOREX robot settings that one would never dare to use in real life.
Being demo-accounts, vendors can set-up multiple accounts and only show the ones where the
FOREX robot has successfully (and luckily!) traded.

Hot Tip: If you are thinking of purchasing a FOREX robot – look for products which offer a LIVE, REAL-
ACCOUNT screenshot of its transactions.

BONUS
As a time-saver, here are a few FOREX robots I highly recommend you check out:

-Forex MegaDroid

Read reviews – click here

-FAPTurbo

Read reviews – click here

-Forex IvyBot

Read reviews – click here

Well, that’s it for this report. I hope this short introductory overview of FOREX robots has given you
valuable insight. FOREX robots are an excellent tool to both beginners and advanced FOREX traders –
just remember, there is no such thing as a perfect trader.

To your success,
J.P.

BestForexRobotReviews.org © 2010