In this section readers can find our best products and a quick review of them exposing why are they in the TOP, what makes them good and how have the products performed until now:
TOP Forex Robots
#1: FAP Turbo
The famous FAP Turbo, it’s a robot build in the old Forex Autopilot engine. This robot wins the first place for being the best robot in terms of diversity, FAP Turbo works well with almost every single currency pair, with any strategy, Long or Short Term, but once again, like I said in one of my posts, it’s extremely hard to perfect various things at the same time, which makes it always second best when robots that focus on only one currency pair, like Megadroid, enter to the competition. Has had an accuracy on our trades of around 80-90% winning trades. If you wanna know more about this robot, check our full review of FAP Turbo
And because of the generated profit until this date, FAP Turbo wins the first place!
FAP Turbo Live Stats:
Highly configurable, best choice for diversity strategy. (If you wanna know how to config this robot check our Settings for FAP Turbo)
#2: Forex Megadroid
This robot wins the second spot, first of all, because it has performed extremely well from its launch until now. It has traded with an accuracy of about 70-90% winning trades. Actually we have another live account running which you can check by going to the right sidebard of the website. Second of all because of what the robot does, this robot can “predict” what the market behavior will be on the inmediate future, 2 to 4 hours from the present, or like I said in one of my recent posts, it extrapolates market values, points and trends to have an approximately behavior of it in the future (to know more about this check the Forex Megadroid Revisited). Third, the robot focuses in only one market, EUR/USD, which makes it even more accurate and reliable, but limitating traders diversity.
It is the best robot in terms of earnings, plus, one of the cheapest.
#3: Forex Magic Machine
This robot wins the third place simply because it is an overall robot, plus it comes with three additional applications that are really useful: the Forex Impulse Trading System which will Identify the hands-down best trades to enter, the Magic Indicator, which analyzes price and time forces that drive the market every day, and the last bonus is the Trader Survival Kit which contains reports and books that deeply explain the Forex Trading. We reviewed this robot, 2 week ago, check our full review of Forex Magic Machine
TOP Forex Signals
#1 Forex Automoney
Forex Automoney wins the first place in signals, for a bunch of things. First, because of its accuracy, these signals are the most accurate in the market so far. Second, because of the different time strategies it provides: Intraday, Daily and Weekly. Third, because of its ease of use, people just need to set a strategy and recieve the signals via E-mail or SMS, and last but not least, because it gives users the oportunity to try the signals for 3 days for a extremely low price: $4.95.
Check the full review of Forex Automoney
Don’t forget, You can Try this Forex Signals Service for 4.95$
#2 Forex Ambush
Forex Ambush gets the second place most of all because of it’s price: $197. By making a comparisson between Ambush and Automoney people can see that the difference in performance is not much, but the price difference is really, really high. And having more or less the same system for more money is obviously not what people want. One of the big plus of Forex Ambush is that it has highly detailed information, it is really easy to use and for non-english traders, it’s in all languages.
TOP Courses
Well, here there isn’t really a competition since HectorTrader Forex Course is the best and most complete course I’ve found in the market and being honest, is the only one I like.
HectorTrader Forex Course
This course is the best in the market simply because of the information it provides: 8 Chapters full of useful and reliable information about the art of trading in the Forex Market, with interactive videos and images. And because of the tools members gain access to when joining this amazing course. The course isn’t expensive, and it’s a life time membership. You can fin a Full review about Hector Trader Course here
The old and trusted FAP Turbo is getting tweaked and we are going to have a super powerful, all the more reliable forex robot, FAP Turbo Swiss, which will give us the best performance. To bring you the latest updates on when it will be released, its features, etc. Here you can sign in and add your names to the mail list.
The FAP Turbo Swiss will soon be released and out in the market with nothing that will compare to its performance. The high performance that it promises to deliver is owed to the Dukascopy platform that it works on unlike the Metatrader, that most other robots are on. If you are seriously into forex trading, you will not want to miss something, because of which somebody else can have better trades when they put their robot on charge.
As it has a number of interesting features and the ability to trade 3 currency pairs efficiently, a lot of professional traders are trying to be one of the few who will end up getting the FAP Turbo Swiss. As it is going to be sold for a limited period to prevent having everybody using it which will result in bad trades, you will know exactly when it is out if you sign in for receiving our mails, and will get FREE a BONUS E-Book, about “How to get money from Forex with Forex Robots“
These automated software come as a boon to most traders. As there are many softwares on the internet, most of which don’t work, one that has been proved to work is always treasured. An improvement on a successful forex robot like FAP Turbo will be in demand so much that if you aren’t at the right place at the right time, you may lose an opportunity of making a lot of money. So sign in and be safe.
Learn how to make an investment in Forex is not enough to succeed. Just knowing how to invest and which are the most common currencies of investment, as the U.S. Dollar, Euro, etc. are just the basics of investing. Knowing when to invest and what to invest in are two of the most essentials things to success in FX trading. But, why people that knows all these stuff still lose money? Here are some of the most common errors people make when trading in the Forex Market:
Know nothing about the market in which people is investing
Anyone who wants to invest in Forex should know that the market is influenced by external factors such as political movements, speculation, interest rates, economic policies like increasing exports of a significant product, news global influence on the value of a currency, and so on. All these are essential facts of reality that influence the price of a currency. Along with this, it is extremely important to learn about the stories of behavior of the currencies and the factors that influence them.
Many people face the market without knowing anything about its past and behavior, just having in mind the basics of trading getting stalled on just numbers and trends. Believe Forex Market goes beyond that line.
Risking too much on the transactions
The desire of wanting to achieve very high profits in operations leads many of the investors to risk more than they should. Be careful with the capital being negotiated, because greed can lead to run out of anything. Once more diversified operations is most advisable to avoid risking all at once.
Not taking risks at all
Contrary to the previous mistake, not taking risks at all is also a huge mistake made by many investors. Invest carefully is probably the safest choice to make, but this could also lead to nothing. Taking calculated risks is the best way to operate in this market, and by calculated I mean: follow trends, do some math, read about the market in question, and know always where the risk taken can lead if everything goes wrong.
Not taking into account the possibilities
It must be realized that in this market if someone buys, someone else is selling what he just bought. Who sells is because he think prices will go down and who buys is because he is convinced they will rise. Not only the gain that can be obtained at each operation must be taken into account but also the loss.
Lack of knowledge and experience
Most of the time people enter to this market, like I said before, knowing nothing but the basics. This is definitely NOT enough. There’s a lot of research that needs to be done: read articles published by experienced investors, books, etc. It is also a great help to follow an experienced investor’s journey, there are many of them who create blogs about their journey in this market; but most important of all, find someone to advice you and keep in mind that great traders aren’t created from one day to another.
Copying strategies
A big mistake is to copy the strategies of someone with much experience. Why? Yes, it’s true that if they have so much experience they should be incredibly successful, but it is also true that their strategies are unique and probably impossible to completely copy, and trying to do so will lead to nothing since it has to be taken into account each person goals, objectives and the capital in negotiation.
Not having a Forex Trading System (Forex Robot)
Forex Trading Systems have become extremely popular among traders, this robots can be used in two different ways: the first one is to use them as primary income makers, which could also be a mistake if the investor trusts the software too much. And the second way is to have the robot to compare thoughts, create more ideas on how to move in the market, use it as trend and numbers analyser and also use it to trade when you can’t. This is the best way to use a Forex trading software, people get all the benefits, filtering all the flaws.
Investing in Forex is an art, and like all arts it needs patience, knowledge of the instruments, commitment, study, learn and do business with a right attitude. It is a really tricky market and just knowing how to trade won’t do it. There’s plenty of things to learn and you have to have it in mind, like I said before, great traders aren’t created from one day to another, there’s a lot of hard work, wins and losses in the way. And speaking of wins, here are some tools for you to avoid making the mistakes other people make and start winning:
Reason #1: The world’s most liquid market
The Forex market can absorb such huge transaction volumes that the ability of any other financial market is negligible when compared with this market. In other markets like the stock market, low liquidity of some actions causes investors often have to liquidate their positions at an unwanted price. On the contrary, in the Forex market exists such high liquidity that investors have the possibility to open or close orders any time they want at whichever price they want.
Reason #2: Transparent market
Given the multimillion-dollar negotiation that takes place every day in the currency markets, it is virtually impossible to manipulate the market. This makes Forex a secure market for professional racers.
Reason #3: Continued negotiation market
Something that’s fascinating to participants in the Forex market is its 24 hours nature. There’s no schedule for opening or closing; Investors can operate during a run time of 24/5.
Reason #4: Market without forced deadlines
Participants from other financial markets are constrained by having to adhere to a particular horizon in time. In the Forex market, however, a position can remain open as long as the investor deems necessary.
Reason #6: Market identifiable trends
For various historical periods, currencies have shown substantial and identifiable trends. The fact that each individual currency offers a historical pattern of well-defined trend, facilitates the establishment of strategies for profitable capital.
Reason #7: Market of dual direction
Unlike other financial markets, the Forex market is one of two directions. That is, investors can earn either when the market rises or fall.
Reason #8: Leveraged Market
This allow Forex participants to control much larger amounts of capital with just a little investment. The leverage regularly offered is of 1:100.
Additional Reason: Automated Trading Software (FX Robots)
FX Robots are automated trading systems that facilitate the job for people that uses them. They just need to be configured and they’ll start trading based on market trends analysis, statistics and mathematics. FX Robots are extremely accurate and they can be used as primary income (mostly for newcomers to the Forex market) or as models to follow or to check decisions.
If you’re planning to use FX Robots here are my recommendations:
FAP Turbo (All currency pairs)
Forex Megadroid (EUR/USD)
Deciding for an automated Forex trading system, best known as FX Robots, is all about two important things:
- Costumer trading needs.
- Robot’s compatibility with desired Broker.
What do I mean by costumer trading needs? when I talk about this I refer to the robot’s capabilities or specifications: Is this robot able to trade with this currency pair?, Am I able to configure “x” parameter to what I need?
When someone decides to go into this market he already has some ideas around which he would like to make his movements. Finding a robot that’s around this ideas also is the best thing to do. For example, a trader wants to start trading with an specific currency pair, EUR/USD, so he will be searching for a robot like Forex Megadroid to do so, why?, because like everything on this planet, when we want to do something in specific, like fixing a car, we look for someone or something that’s specialized on that thing, we don’t call an Engineer to fix a car, we call a Mechanic. Engineers can know about cars, but Mechanics will surely know what’s going on with the car. And that’s exactly what happens with robots.
It’s clear that people can use whichever robot they want to do a trade, but when they encounter with a situation in which they want to trade with an specific parameter, like timeframe or a currency pair (continuing with the example of EUR/USD), they shouldn’t be looking for an all-around robot like FAPTurbo, they should go for a more specific one, in this case, Forex Megadroid. And this apply all the way around if diversifying is what the trader is looking for.
The other key piece of the puzzle is the “Robot’s compatibility with desired Broker”, what is this? people that is into this market know that choosing a broker is one of the most important steps of Forex Trading. What would happen if the broker you chose isn’t compatible with the robot you’re using? It would be terrible. You wouldn’t be able to start an account with the amount of money you wanted, you wouldn’t have access to the leverage you needed and, even more dramatic, you couldn’t trade with the pip spread you expected.
The are to possible options in this situation, the first one is kinda obvious: find another robot. The second one is a little more interesting: knowing that you won’t be able to find a robot that works with the broker of your choice, you can always find a nice robot and put it to work in any broker, and instead of using the robot as your primary trader, you could use the robot as a role model and repeat the actions it took on the broker you like, only if you’re agree with them. In this way you’ll win, you’ll have the assistance of an FX Robot and all the advantages of your chosen broker.
So my recommendation is to have these tips in mind when the time has come to choose a Forex Trading Robot and know that even if you’re planning to use bots as primary income you can never enter to this market blindfolded, knowing what to do, even if it’s not you who’s doing it, is the key to your success.
Recommendations:
For diversification strategy: FAPTurbo
For specific EUR/USD trading: Forex Megadroid
To learn all you need about Forex: HectorTrader Forex Course
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