Forex robot trading? Do you reccomend?

Question

The past couple of days I have thought about Forex robot trading to make some extra money online. Do you reccomend forex robot trading? Is forex robot trading too risky? Or can you really make money forex robot trading. Please reccomend a forex robot I can use If forex robot trading truly works. thankyou

Answer 1

Best Answer - Chosen by Asker

Yes, Forex robot trading is highly recommended for anybody who wants to make an extra source of income online. Forex robots are setup on a Metatrader4 account where they can grab trades all day and night 24/7. If you are looking for a good forex robot than use the fap turbo bot from http://forexautoprofitbot.com Its the highest rated forex robot and it works so good that banks and large companies use it to invest with. I have used the fap turbo forex robot for about a month and it turned an investment of $200 into a total of $486 already. They claim it is capable of doubling your money every month which is true. If you are looking for more inf on forex robot trading than visit http://forexrobottrader.org

let me know how it goes

Asker's Rating:

Asker's Comment:

Im getting started on forex robot trading right away. Thankyou for sharing this good info

Answer 2

No, there is no magic system that allows you to sit back and automatically make money in the forex market. If you are interested in making any money in the forex market, the only way is through education and experience. If you really want to see for yourself open an account, deposit some money, buy a forex robot, then let them explain how you didn't use properly or why in your specific instance it didn't work even though it normally works.

Source(s):

http://www.forexlane.com

Answer 3

Yes, if want to lose all your money, by all means go with forex/stock trading robots. Think about it, if these robots did actually exist, why wouldn't the big trading firms keep them a secret and use them for their own profit?

Also, notice that the two people who recommended the robots are robots themselves who would have posted the exact same rubbish regardless of what you actually posted.

Answer 4

Hi,
Forex robots or automatic stategies are very risky and I would not recommend them from experience. Brokers create these robots so that your account can place as many orders as possible so brokerages can earn more spreads and premiums etc. at the expense of your money and the high risk involved.
Unless you know what you are doing, I would not recommend short term trading, as 90% of beginner traders lose all their money, and also it demands incredible emotional control.
Instead if you want to make some money online, I believe long term trades or positions are quite low risk, and especially with the slump in prices in this economic climate. Say for example you invested in oil at this time, currently around 69 USD, in 2 years I would expect its price to rise to 120 USD or possibly more. You would recieve double your investment - not bad.
100% increase in your investment throught a sound investment. However, you must be cautious. You must calculate the amount of leverage, and how many points or pips it would take for all your funds to be depleted if the investment went wrong, say oil dropped to 20 USD. Although such outcomes are unlikely, there is still a slight chance it could happen. Before you commit any investment into online trading, thorough research on it goes along way, and it is paramount you create an investment stategy, covering risks etc. Remember this is an investment so don't look at it everyday. Imagine it as a house. Look at the value in a months time or so, otherwise your emotions take control of you, and you end up not following your strategy, and losing your money.
Finally, do not trade currencies - complete waste of time. I would recommend commodities such as oil, indices such as the Dow Jones etc. In this current economics climate you know such 'CFDs' will rise substantially in the future, allowing an unlimited profit on your original equity. Do research. You are trading CFDs which represents the value of an asset, but is not an asset. Therefore there are not taxes - another bonus.
Be cautious. Remember brokerages are businesses and they want to make money at customers expense. Remember to always have a second thought. There is no quick rich scheme in the world. Forex robots are very dangerous.

Hope I helped.

Answer 5

Yes, Forex robot trading has come a long way. The current ones are able to make money in all market conditions now. But forex trading whether automated or manual is still risky. Only trade with money you can afford to lose.
Take a look at forex robot website below. It can trade with 95.82% accuracy in EVERY SINGLE market condition/

Source(s):

http://www.forexsecretweapon.com

Answer 6

There is NO forex robot that will consistently help you winning in the long run, else everyone is rich now. You have to learn it and master the necessary skill to be successful in forex trading.

Source(s):

Being a forex trader for years.

Answer 7

Is your question about forex robot trading? Because you don't seem to have mentioned it quite often enough for clarity.

Answer 8

I will answer your questions in order.

1. I only recommend forex robot trading if you have mastered the basics of forex trading. It is very hard to set up a forex robot to earn money over the long term without understanding how to make money from forex trading without a robot.

2. Do not believe the hype. No forex robot is going to earn you millions without any input. All forex trading is risky but if you do not understand how your forex robot works then you will struggle to adjust it settings to make it profitably over the long term.

3. Yes you can make money from a forex robot but you need to know what you are doing.

To learn about the basics of forex trading then I recommend the following sites

http://www.currency-exchange-reviews.com…
http://www.babypips.com

To learn more about how forex robots work then I recommend

http://www.currency-exchange-reviews.com…

And to see the most popular forex robots being tested with real money on live accounts, the only site which shows the true picture of forex robots then check out this site:

http://www.forex-robots.com/

Source(s):

My experience as a forex trader

http://www.currency-exchange-reviews.com…
http://www.babypips.com
http://www.currency-exchange-reviews.com…
http://www.forex-robots.com/

Answer 9

Hi there,

I actively trade forex robots. And review them and post my live accounts. So far so good! there's plenty you need to take into consideration though, as not all robots are created equal.

For instance: FAP Turbo (which I own, but am not trading with at the moment) only works on currency pairs like EURCHF which currently has a pip spread of about 9 pips. Now it possibly will trade with brokers like Alpari US, however you'll find you won't make a lot of money as the robot takes only 10 to 15 pips max, and 9 of those will be erroded in fees... so what you need is a robot that works on EURUSD. that is the smallest of all the pips spreads with every broker... and you can normally trade Mini and Micro lots depending on your broker too.

The robot that I like the best in this respect is Forex MegaDroid. But once again, I have found some descrepencies in what they state, and what this robot delivers... BUT and this is a very BIG but... it has never had a losing trade since I've been trading it... (2 months now).
you can see my live trading on this robot at www.tradingstockshop.com

The settings of this robot are of equal importance, as you will find that depending on your broker, you can experience requotes... that is where the robot tries to execute a trade but before it hits the market the market has moved too far so the trade doesn't get executed.. This can be a problem if the market is moving FAST and against you, as it is likely to hit your stop loss...

I contacted the support team at MegaDroid and asked what brokers they use on their live accounts, and they use: Alpari and FXCM. I would recommend you stick with either of these two if you plan to trade live. (no I do not work for them or endorse their products... ) Currently I'm using Interbank myself, and I find them to be very good also.

If you check out my site, you can see all the trades and the settings and some more advice on these robots in my Blog too.

Happy trading
G

Source(s):

http://www.tradingstockshop.com