Forex Robot Traders – The Big Fat Lie About Forex Automatic Trading

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Why are there so many so called profitable automatic Forex trading systems out there, but so few people actually making money from them? Well, many people blame the developers of Forex robot traders, and yes, they must shoulder some of the blame. However, bear in mind that these developers are mostly interested in marketing and selling as many automatic Forex trading systems as possible, and they don’t earn their money from educating you on the ins and outs of Forex automatic trading.

If you’re serious about building wealth through Forex automatic trading, then you need to take your Forex robot trader education into your own hands. By the end of this article, you’ll know the truth about what you actually need to know before running your Forex robot trader with real funds.

First off, I want to debunk the big fat lie that has been perpetuated by all the dishonest Forex robot trader makers out there who are only interested in selling their automatic Forex trading system – the lie that you don’t require any specialized knowledge and all you need to do is to set it and forget it. Yes, it’s true that you don’t need to have any trading experience to get started with Forex automatic trading, but you do need a desire and willingness to educate yourself with the right resources.

If you’re willing to put in the additional effort to learn the basic principles of Forex automatic trading, then you’ll be at a tremendous advantage compared to the average Forex robot trader out there. In life, the people who act on the best information are often the ones who profit the most, and in the realm of Forex automatic trading it’s no different. The resources that you need to expertly run your Forex robot trader are readily available, so long as you know what to look for.

The basic principles that you will need to be familiar with to run a profitable Forex robot trader operation are:

1. How to optimize your Forex robot trader to it’s best risk management settings

2. How to to perform ongoing maintenance on your automated Forex trading system so that it’s always in tune with the markets

3. How to diversify Forex robot traders to reduce your risk

Every automatic Forex trading systems developer knows and understands these basic principles, and applies them to develop profitable Forex trading robots. Now that you know them too, you can begin to seek out the information that you need to educate yourself on these topics, or if you want to save time you can simply buy a course that covers all of them.

The Pros And Cons of Forex Trading Robots

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Today Forex trading is really popular throughout the world. Thats the reason why there is nothing extraordinary in the fact that numerous trading robots are coming to the market these days. It doesnt matter whether you are a beginner in forex, or you are an experienced trader, its necessary to use, I mean, Forex trading robots. Its beneficial that, these will give a chance to understand what products that are present on the market can help you to be successful and make more profits.

Here we will give you some brief information concerning Forex trading robots and how they can be used.

In fact there are many various kinds of signaling and robotic software packages in the Internet today. I want you to know that robotic software can be quite different today. Part of the robotic software do most of the operations itself, but, there are those that require users to be a little more involved in the process. Even though all these tools have their peculiarities, most of them are very similar. Thats the reason why, you need to be selective, when choosing a robotic software for your daily use.

Its a true fact that for people, who only trade for a short period of time and dont have much experience, it would be better to pick a tool that handles and automates just about everything for them. In general, all these programs are based upon the same principal, anyhow most of them work in different ways. For instance: some software let their user know when a trade is a good one and potentially profitable and automatically trade for a user, while others ask 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. You may 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 dont need a software of this kind, since, they should have the final say. You may want to use the program that provide a certain degree of automation, but not doing the whole job.

As 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 fact a good trading tool can be really helpful, if properly used.

Forex Robot Vs. Human Trader Who Will Win

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Forex Robot vs. Human Trader Who will win?
Or is there any competition!
Can a Forex Robot out-trade a highly experienced human?
Can the Robot have the necessary intuition and savvy to ascertain when a trade is viable, or when to exit the trade?
A robot is mechanical in concept, its judgement calls are based not on emotion but on rational facts.
Admittedly the Human does have the ability to sense a good trade, the ability to instinctively know that the trade is not working out, the ability also and unfortunately to get it wrong.
Of course the Robot will not get it right all the time, but does this matter.
No, it does not matter and quite rightly.
What we ask of an Automated Forex Robot is that it maintains a forward and controlled slope upward of profitability. That it maintains a balanced approach to the trades, that it maintains a predictable money management and risk control policy.
The Robot does not suffer the problem of distraction, tiredness, the need for a break, and the lack of focus that comes from watching a computer screen endlessly.
The human trader may have instinct, intuition, savvy, experience and the ability to feel a good trade, but the Human is only Human, with all the foibles that this entails.
What I look for in my trading is profit in a controlled manner, the robot still will come up Trumps for this.
Of course, it depends on the Forex Robot, and how it is set up.
The Robot needs to be researched, demoed, and a plan formulated before going live.
I know from Personal experience that once you have reached this position, what is necessary then is to go live. Take note on my other articles on the website that state that this should be with the trading program hosted on a VPS host. We do need the program to remain live. We certainly do not want the computer to crash, hibernate; power down etc as sometimes happens with our personal computers and laptops.
Also, from personal experience it is vitally important to let the program run without human input. The desire to take a profit before the trade has reached its profit level always remains strong.
The program must take profits and must take losses.
What we must do is evaluate the results at the end of each 24 hour period. If it is making profit then our only decision is whether to increase the lots traded.
I, for one believe that the Robot will always beat the Human is terms of long-term sustainable profitability.
Please visit my website for further comment and updates re. The subject of Forex Robot Trading.

Forex Robot Reviews – Which Forex Robot Should You Choose

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Before deciding among the three Forex trading systems on the one to purchase, it’s important to go through Forex robot reviews (brief review of Ivybot, fx phantom and fx megadroid). By going through several of these reviews, you will be able to determine if the Forex trading systems really function well and if they have been able to win the trust of the clients who have so far used them.

Some of the reviews about the Forex mega droid show that the Forex robot uses the latest technology such as effective ‘broker beating’ technology. The Forex software is very informative and easy to run with sequence of comments to explain to the user what is happening as the robot is running.

Some of the Forex robot reviews (brief review of Ivybot, fx phantom and fx megadroid) shows that these Forex robots have been designed and their codes properly tested to maximize profits in the Forex trade. The Forex robot reviews about Forex Phantom shows that the robot is designed to autopilot and hence so easy for new traders to know how to operate.

The Forex Ivybot reviews shows that it can be used to trade with any account size, whether with $50 or over $5000. In addition, this currency trading software has four different robots, which can be used to work four different currency pairs.

These automated trading systems are upgraded regularly to make them effective in trading and hence have played important roles in revolutionizing the foreign exchange market and making more profits in this competitive trade.

Whether you trade on a daily basis or now and then I am sure you realise how large the benefits of having an automated robot to help analyse, interpret and trade in the foreign exchange market are.

There are three main Forex trading systems currently on the market and we have reviewed each one on a seperate basis, highlighting the key functionalities of these robots and the key flaws or negative aspects of the robot.

Forex Robots Do They Work Are They a Scam Or Genuine Money Maker

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Forex Robots Do They Work? – How Effective Are They For Forex Trading?

Many persons are posing the query Forex Robots Do They Work?. This query emerges because of the various positive feedbacks regarding how exactly some persons were able to create excellent quantity of cash within the foreign currency trading by employing 1 of those robots. However, you must additionally be careful as not all day trading robots are capable of serving to you to earn the quantity that you projected to get.

Forex Robots Do They Work? – Which Software To Use?

Of course some brands have few success rates in giving recommendations on which amongst the various foreign currencies are visiting improve its value. That is why you ought to continually be on the lookout for the finest brands within the market that’s competent of giving quality results.

Now going back to the query on do forex robots work, the answer is yes; however it is dependent on which product of trading robots you’re employing. There are additionally brands that can truly assist you earn income from a number of the short term trades by investing on the currencies that the software advises.

Forex Robots Do They Work? – What Information Can They Provide?

Most of those recommendations are primarily based on the previous trends and market behaviors. Because of this, it’s capable of producing quality analysis and recommendations which will really cause you to be earn from your primary investment. However, you cannot simply totally depend on these robots to the all of the trading for you. A few data regarding the market is additionally required in order to be really successful. These robots are simply your equipment to assist you within your foreign exchange trade; by automating the generation of knowledge which you can use for your analysis.

Thus, if you’re asking the query Forex Robots Do They Work? then you ought to understand by now that a number of these trading robots truly work. Of course, a number of them can even be configured to in an automatic way trade by itself; doing short term trades for you. However be wary that you ought to solely do that for short term trades as there are still a great deal of different external factors that may have an effect on the market which the robot is just not programmed to read stay away from permitting the robot do long term trading for you.

Forex Robots Do They Work? – Conclusion –

Thus, to finish our objective of finding the answers to the query on do forex robots work the final answer is yes they can work pretty well as long as you have the correct product with maximum quality in giving quality knowledge for your analysis; additionally as in giving reliable recommendations on exactly what and when to get and sell currencies that can create profits. Thus you can see that if you employ quality software you will have a positive answer to the question Forex Robots Do They Work?

Forex Trading Robots – A Dream of an Income With No Effort and the Reality of Losses

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Forex trading robots are all over the internet, costing around $200.00 or less they promise a huge income monthly with no effort for the cost of a night out at the bar. So if you can make money so easily why is everyone not trading and giving up their jobs? The answer of course is they don’t work and the reason why is enclosed.

Forex robots promise huge gains, with little or no draw down which if these track records were true would mean they were producing better gains that super traders like George Soros, Larry Hite or Jimmy Rodgers and these are billionaire traders – doesn’t quite add up does it? Of course it doesn’t and a quick look at the track records will explain why.

You get big claims but where is the independent verification of results? You don’t, of course get any verification because these robots have simply not made the gains they claim.

Most robots base their track records on simulations going backwards over closing price data and this of course is easy because – you know all the highs and lows in advance! In the real world of trading you don’t know this key data and that makes trading a lot harder.

Some Forex robot vendors produce gains they say are real but there is no outside verification from a neutral party and you are taking the word of the person selling the system.

In reality the reason you can buy these robots so cheaply is – they don’t make money and the only person generating the regular income is the vendor of the system.

If you want to make money in Forex trading forget these cheap, get rich quick systems and do what all successful traders do and that’s learn skills. In life to make money you have to learn the basics and put in some effort but the good news about currency trading is for the effort you make, no other industry can reward you so well as global currency trading.

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Forex Robots And Automated Trading – Is It Possible

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With all the new automated forex trading systems popping up on the internet it leaves us with many choices and the question which ones actually work and which ones are complete junk. The truth is,good forex robots do exist, it’s just a matter of knowing what to look for.

One of the primary reasons traders fail is due to a lack of experience and misunderstanding of the psychological aspects of the market. There are more and more speculators popping up in the markets each and everyday trying to reach their trading goals in the forex market. Forex trading also involves a lot of risk and with that it requires one to have complete control along with excellent discipline. The problem is most traders, even the experienced ones either do not have the time to trade or cannot discipline themselves to follow a set of rules.

Fortunately for us, we’ve developed forex robots, or again, expert advisers that do the thinking and trading for us. Forex robots have many benefits and one is the robots ability to remove all human emotion from trading, thus enabling the system to make sound trading decisions based on a set of rules and indicators that have proven themselves overtime. Another benefit from expert advisers and forex robots is there ability to adapt to changing market conditions and to place trades even while you’re away from the computer.

So then, we have to ask ourselves, what does a good forex robot look like? A solid forex system will have a success rate of 60% or higher and the system will have the ability to adjust stop losses and targets accordingly to hit it’s profit targets. A good forex system should be built around just a few currencies rather than trying to cater to all major currencies. The reason being, each currency tends to have it’s own predictable ranges and movement. It’s almost impossible for a forex system to be able to cater to each currency, therefore the ones that stick to just a few tend to be the most successful.

A solid forex robot uses sound money management and never over trades. Though it’s good to find systems with a 60% success rate or higher, ultimately proper money management will allow you to maintain consistent returns even if you lose the majority of your trades. How is this possible? Using a risk to reward ration of 3:1 or better. Meaning, if you win 3x the amount you lose, than you can be wrong 40% of the time and still come out a profitable trader in the end.

There are plenty of forex systems and robots to choose from. The good ones are not hard to find and sometimes can be right under your nose. Make sure do your research.

Gm’s Robot Commercial Depicts Suicide According To Nami

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General Motors robot commercial which was aired during the Super Bowl has aroused various reactions from the audience and most of them were not very happy with what they have seen. According to the Mental Health and Suicide Prevention Community the commercial encourages suicide.

After General Motors controversial ad, the company has been bombarded by complaints. But according to the worlds largest automaker and maker of the popular GM Nerf Bars, everything is under control and as a matter of fact – they are also planning to air the same commercial again for the Academy Awards on February 25.

The National Alliance on Mental Illness or NAMI, the nations largest organization that focus on serious mental illnesses, depression and obsessive-compulsive disorders has expressed their disappointment with General Motors through their Executive Director Michael Fitzpatrick, who commented, The GM commercial is recklessly irresponsible. How many national organizations does it take to change their minds?

It should be noted that it was not only the robot commercial of General Motors that was considered offensive during the Super Bowl. Even the ad of Mars, Inc. for its Snickers candy bars has also provoked negative reactions from the crowd especially from the gay community. But unlike GM, Mars, Inc. has decided to stop their Super Bowl ad for fear of further offending the public.

Fitzpatrick explained that the traditional marginalization of mental health concerns is rooted in stigma and discrimination. General Motors robot ad that reportedly suggests suicide may encourage some very depressed individuals to commit suicide. Suicide kills. Depression kills. Obsessive-compulsive disorder can kill. But GM sees those kinds of concerns simply as cute, advertising gimmick. What does it say about the companys concern for public health?

In the ad, the robot that was working for GM drops a bolt on the assembly line and was fired because the automakers obsession for quality. The robot search for other jobs but unfortunately got fired again. Due to extreme depression the robot decides to end his life by jumping off the bridge.

The tragic concept of the ads has alerted NAMI to take the necessary step in informing General Motors of the horrible impact it might have on emotionally disturbed individuals who may see that commercial. NAMI has warned GM that the depictions of suicide in mass media in the past have been proven to increase the risk of suicide contagion, clinical term for copy cat suicides.

NAMI also added that the robot ad may increase suicide cases in the country brought about by the fact that there are a high number of unemployed individuals in the country right now. And unfortunately General Motors with its restructuring program has caused many employees to lose their jobs. The ad will be like adding insult to injury.

Making Easy Profits Using the Best Forex Trading Robots

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When looking for a forex robot, researching on the net could be the best option for you. Internet can provide you numerous software, from which you will be able to select the best one.

Are you looking for a good Forex trading robot? If so, you should know the fact that finding the best forex trading robots is not a simple task. Although, you will be able to find hundreds of options when looking for Forex robots, only some are able to provide the right service for its users. Most developers advertise their robots as the best and publish statements about them. However, when it comes to the end results, most of them will not be able to satisfy your needs. Moreover, you should also make sure that the software you select is simple and easy to understand. Using a complicated program, which is hard to understand will again cause numerous hassles during the trading.

Most of the forex robots do not live according to the qualities listed on their website as they can predict the trend and the route of the forex market, trade with an accuracy of 90% or more. You will also see some claims online that says double your investment and make more profit in a month. With these announcements, it is easy to fall into it, especially if you are new to the business. Therefore, it is very important to evaluate, examine and perform various tests on the robots you select and ensure you are choosing the right that suits the type of trading system you carry.

When you are looking for forex trading robots, you will also come across many free options in front of you. Most of the developers also provide trial versions of their software, which will help you to download it in your system and check its performance. As forex is a very risky market, it is very important to have the right trading strategies and tools with you. If you are a new trader in the market, taking the assistance of a broker or expert for selecting the Best Forex Trading Robots could be the best option for you. As these individuals are experienced in the market, they will help you to select the right trading system that suits your trading system.

Author Resource:

Timcy Hood writes informative and unique articles about Best Bank Interest Rates and Forex Trading Forum. One thing that separates Timcy Hood from others is the passion she puts into it, knowing full well and respecting the time viewers spend on reading his work.

Reasons Why You Should Be Using Forex Automated Robots

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Forex automated robots are those which handle every aspect of trading for a currency trader in the forex market from initiating a trade to pulling out when it turns from your favor. The obvious implications are that first time and less experienced or more casual traders can use it to trade in their stead to still see reliable gains come from the market, so let’s take a look at the top 3 reasons for why you should be using forex automated robots.

First, you get 24 hour trading around the clock. Considering that the Forex market takes place over a number of international locations, it’s technically open 24 hours a day during the week. Obviously the key to success in the Forex market is to know the whereabouts of one currency against another that you’re invested in around the clock. Forex automated robots do just that and trade accordingly when they find profitable trading opportunities. Because of this 24-hour nature, the Forex market can be a job and a half, hence the popularity this technology.

Secondly, all trading is emotionless when running Forex automated robots. The major reason why so many traders fail in this market is a lack of discipline. They don’t know when to get in and out of trades, especially the latter, and oftentimes a trader will stay in longer than they should while trying to ride out a trend as long as possible or wanting to recover gains which they did lose in a reversal while they hope for a second reversal.

Finally, and perhaps most obviously, because every aspect of trading is totally carried out for you assuming that’s what you want, it levels out the learning curve so that first-time traders can bring in some modest gains without needing the time or experience as those who’ve done their whole lives.