Trading in stocks and shares where money is invested in a company, you make your profits when the stock rises. Shorting stocks where you profit from a price drop is now not easy to do with new laws preventing shorting. The economy is tied to many variables, and each company is subject to many variables on top of that - all making it a very complicated thing to predict the outcomes. Forex on the other hand is more easily understood. Yes the economy of currencies is important, but the results of any one company don't really matter much at all. Add to this that shorting is just as viable a strategy as going long because all you are doing is trading the opposite pair.
Because forex trading is a Global, 24x7 market place, it doesn't matter where you live or what hours you want to work. Forex robots now can keep you informed by trading signal alerts to your PC or to your mobile phone and your location and time zone don't matter at all. The old days of dealing with a human broker - who is totally motivated by getting you to trade whatever the outcome for you - Forex robots are software programs that only do what they are programmed to do.
All the dozens if not hundreds of forex robots on the market have certain things in common. They all are really a collection of monitors of trading indicators. For example, let's assume a robot is programmed to monitor 5 different indicators. What it will do is monitor them all until such times as all 5 indicators line up and tell the same story - that it is time to buy or sell a currency pair. Then all it does is advise you or enter the trade on your behalf according to its money-management rules built in. IvyBot, MegaDroid and Fap Turbo (with Fap Winner) are the best of breed on the market at the moment. They all monitor different indicators, so all 3 operate differently in different markets.
So, remembering that forex trading is not just about the USA economy, forex robots are amazing. They are monitoring the highly technical forex indicators of the global markets, and with a speed and accuracy that humans cannot achieve, they jump into life when all the indicators line up or are in sync or agreement. It is very important that when you buy robots or expert advisors that you buy the full package, not just the bare bones robot. It is a fact that most robots are sold with the support/service you would expect as an optional extra. But the extra so that you get the vendor's ongoing recommendation of what settings to use, as well as the latest updates and code tweaks they develop.
MegaDroid is an excellent expert advisor for new forex traders because it is conservative. That can also be a source of some frustration as this forex robot will often not trade for days at a time. So you are balancing a 97% plus successful trade rate with a low trade volume as the trade off - because it is conservative. It is also a scalper, so it scalps smaller profits rather than hits goldmines of hundreds of pips a trade. It will make the occasional bad trade, but these losses tend to be very small ones compared to its wins. Fap Turbo is the grand-daddy of them all and it must be used with Fap Winner.
Fap Winner provides the after sales support service that Fap Turbo does not. Fap Winner membership entitles you to full access of their forum, prompt email support and regular updates to precisely adjust your settings in changing market conditions. Fap Turbo alone can be dangerous to your account without the Fap Winner settings, so it is not just recommended - it is essential that Fap Winner membership is bought as well. No-one would buy a car today with the airbags removed to save a few dollars.
Research is a most important step for you to take before you commit to buying any robots.
Because forex trading is a Global, 24x7 market place, it doesn't matter where you live or what hours you want to work. Forex robots now can keep you informed by trading signal alerts to your PC or to your mobile phone and your location and time zone don't matter at all. The old days of dealing with a human broker - who is totally motivated by getting you to trade whatever the outcome for you - Forex robots are software programs that only do what they are programmed to do.
All the dozens if not hundreds of forex robots on the market have certain things in common. They all are really a collection of monitors of trading indicators. For example, let's assume a robot is programmed to monitor 5 different indicators. What it will do is monitor them all until such times as all 5 indicators line up and tell the same story - that it is time to buy or sell a currency pair. Then all it does is advise you or enter the trade on your behalf according to its money-management rules built in. IvyBot, MegaDroid and Fap Turbo (with Fap Winner) are the best of breed on the market at the moment. They all monitor different indicators, so all 3 operate differently in different markets.
So, remembering that forex trading is not just about the USA economy, forex robots are amazing. They are monitoring the highly technical forex indicators of the global markets, and with a speed and accuracy that humans cannot achieve, they jump into life when all the indicators line up or are in sync or agreement. It is very important that when you buy robots or expert advisors that you buy the full package, not just the bare bones robot. It is a fact that most robots are sold with the support/service you would expect as an optional extra. But the extra so that you get the vendor's ongoing recommendation of what settings to use, as well as the latest updates and code tweaks they develop.
MegaDroid is an excellent expert advisor for new forex traders because it is conservative. That can also be a source of some frustration as this forex robot will often not trade for days at a time. So you are balancing a 97% plus successful trade rate with a low trade volume as the trade off - because it is conservative. It is also a scalper, so it scalps smaller profits rather than hits goldmines of hundreds of pips a trade. It will make the occasional bad trade, but these losses tend to be very small ones compared to its wins. Fap Turbo is the grand-daddy of them all and it must be used with Fap Winner.
Fap Winner provides the after sales support service that Fap Turbo does not. Fap Winner membership entitles you to full access of their forum, prompt email support and regular updates to precisely adjust your settings in changing market conditions. Fap Turbo alone can be dangerous to your account without the Fap Winner settings, so it is not just recommended - it is essential that Fap Winner membership is bought as well. No-one would buy a car today with the airbags removed to save a few dollars.
Research is a most important step for you to take before you commit to buying any robots.
About the Author:
Phil Jarvie is a professional forex trader with expertise in forex trading robots. Before you buy, check out his free website where the best forex robots are reviewed and he offers live forex training that new traders need.
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