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
Hello everybody, today we have done a few things to the Website. First of all we have added two live stats tabs on the right sidebar, in these tabs you can find two different live accounts that are being run at this moment, one using FAP Turbo and the other one using Forex Megadroid. These accounts show the initial investment (Deposit), the actual balance of the account and the floating value. They are constantly changing so keep an eye on them to see how well both robots work.
Furthermore, we have created a new page called FAP Turbo Feedbacks in which we have posted 5 feedbacks, sent to our website’s mail, of people talking about their experience with this amazing Fx Robot, FAP Turbo. You can find this section on the top menu of this site. So, check this page out and feel free to send your feedback through our Contact Page.
Stay tunned for more.
The Forex Magic Machine Robot, is a new FX software. This robot has new built-in algorithm that makes it able to predict what will happen in the market some minutes later, on which it bases its trades. But this is just more of what all Forex robots already have, the amazing and unique thing about this one is that its developers have created a new amazing algorithm, which they called R.I.P.P.E.R, with which the bot can learn and correct mistakes made and avoid from making them in future trades.
This robot is really easy to use and one of the most important things of it is the strategy with which it works, it’s really solid and secure, the bot tries to optimize the wins having the lowest loss rate possible. It works with any broker that has Metatrader 4 Platform built-in and can be used on Demo Accounts. The initial investment depends on the broker people choose.
Another really interesting thing about Forex Magic Machine is that, along with the buying of this product people will receive three bonus software, the first one is the Forex Impulse Trading System which, in few words, will Identify the hands-down best trades for users to enter. The second bonus is the Magic Indicator, this one analyzing rhythmical price and time forces that drive the market every day will help you ease your trading, and the last bonus is the Trader Survival Kit which contains a lots of reports and books that deeply explain everything people need to know about Forex Trading.
As a last thing I’ll have to say that having the market bombarded by lousy robots, Forex Magic Machine is definitely not one of them, owning this robot is a must and having the opportunity to test it for 8 weeks will help you decide.
The cost of the robot is of 197 USD$.
Best Forex Course
Hector is a professional full-time Forex trader that has created an online Forex Course inspired by his disdain for those that blindly follow the signals generated by a black box system (Forex system) without having any idea of what they’re doing. The aim of the course is to remove the blindfolds of those who trade in this way, focusing on teaching them all the knowledge and techniques they need to know to be successful traders.
In this course people will learn how this professional trader engages the market, they’ll see and learn directly from the eyes and experience of a pro FX trader, in few words, they will learn about all the elements that compose Hector’s trading approach: entry triggers, price target determination, pre-trade and in-trade management, breakouts, the London open breakout, Hector’s Golden Trading Rules, among other things. All of these taking into account Hector’s conservative trend-trading methodology which is based on price action, levels of resistance and support, and breakouts.
The course offers eight (8) chapters, all of them in consecutive order, talking about the following topics:
- CHAPTER 1: Analyzing the trend
- CHAPTER 2: Pattern breakouts
- CHAPTER 3: Swing trades
- CHAPTER 4: Stop loss and targets
- CHAPTER 5: Blending the news
- CHAPTER 6: Trade management
- CHAPTER 7: London open breakout
- CHAPTER 8: The Golden Rules
In addition, all courses are very interactive with images and real time videos (there are a total of 60 videos), plus the first chapter can be seen for free, so the customer has an idea of what type of course they’re gonna pay for.
Another really interesting thing is that members gain access to a Trend-Scanning custom indicator tool for MetaTrader4 platform, which can help them find solid trends across any currency pair or time frame, and also gain access to Custom Excel sheet to help them manage their money, track records and make trade plans.
To sum up, you get access to a 8 chapters high quality course with 60 videos and some interesting tools. Moreover, you get support by Hector himself if you ever need it.
The price of this amazing membership is a life one time fee of 197 USD$.
My personal recommendation, this trading course is a must in the way to become a successful Forex Trader.
The crisis is spreading like a cancer and as the days pass it becomes increasingly difficult to abstract from it. By this time almost no profitable sector of the economy is immune to the effects of the financial debacle and even the wealthier segments of the population had to adjust their belts. The Foreign Exchange has been one of the exits all of those seeking to protect their investment have taken.
Investing in the Forex Market, as well as in the Stock Market, in times of crisis could be risky and good at the same time due to the high volatility in the markets which provides an extreme sensitivity to any asset. This could bring two possible consequences: being the market so sensitive to changes the first consequences is that people could lose large amounts of money in just one transaction, but looking at this from another angle, people could also win large amounts of money if they put their money in the right place at the right time.
But how could you know where and when to invest? Anyone who invests in foreign currency exchange should analyze what are the economies most affected by the global crisis, and from there, deduce which currencies could get devalued, and which could benefit from this situation. By doing this, people could get an idea of which are the best currency pairs to invest, taking into account all the market and broker’s parameters such as pips, spread rates and leverage, among others. Which leaves us only with the question: when to invest?. Knowing the exact time to make a transaction in the FX market is almost impossible, but following trends as well as the news of the countries involved is a really important step.
That’s the main idea of trading in the Forex Market in time of crisis, but going a little bit further, a good way to reduce the risk, when trading in these conditions, is to share the invest between a certain number of currency pairs instead of just focusing in one. This will increase the investor’s probabilities of generating profits in a transaction and will keep him away from losing time or/and money with just one currency trade. Trading with many different currencies is the best way to protect your investment, because there are lots of currency pairs and you can choose some of them, start trading, and if it doesn’t work for you, you can always rotate and trade with other currencies until you find the perfect pair for what you need.
Diversifying is the key and foreign exchange is a good option to allow such moves.
As a last option, or first for some people, you can always use Forex signals or robots, signals will give you tips about the currency pair and the time to trade leaving you with the final task of buying or selling according to the signal, while Forex robots will do all the job for you, you just have to adjust the robot’s parameters such as currency, take profit, stop loss, trade size, etc, and the robot will be 24/5 trading by itself without any of your help. The thing about these two options is that they need to be bought, but don’t worry they aren’t expensive.
Below is a link to the website’s of the best robot and signals I’ve found in the market until now:
