Okay .. Got my hands on the No Loss Forex Robot and now getting to installing it. Being somewhat of a MT4 expert and having installed and tested so many robots already, the installation process is simple for me. Naturally, it'll be my opinion that it's easy to install. To get a better opinion on the ease of installation, I would get my 10-year old son to do it and see how long it takes him to figure it out. If my son can install it easily, then it will receive a high mark for ease of installation. Heh! Heh! Now that is just a joke! I would not ask him to do that for fear that he might do something bad to my computer! But who knows? He might actually know more about computers than I do!
So in order to get a second opinion I do ask someone else to take a shot at installing it and see if what they think. I'll ask a neighbor usually to help me test. They love helping me out since it means that they get to ask me for more trading advice. It only took him a few minutes to get the No Loss Robot up and running.
Very easy to install so it's a perfect 10 for installation. But that is not really what you want to know is it? It's either the darn thing works or not that you want to know, right? Keep in mind that this is just a preliminary report on the No Loss Forex Robot so do not expect any results just yet. But I thought I should say something as I am so anxious to see if it REALLY does never lose! Jesus! What if it's the real deal? Would you ever need to…
Source by Leslie V James
It’s really not that difficult to find the oldest trading strategy around. It’s as old as the market itself. It’s called price action. What’s really amazing is that not only is this strategy the oldest, but it’s also the best.
What’s even more amazing is that almost NOBODY is using it. How ridiculous is that? You’ve got traders spending an insane amount of money using one forex trading robot after another. I guess that nobody wants to work anymore. They would just be happier letting a robot trade for them.
So why should be using price action? To begin with, it’s the most surefire way to be able to tell where the trend is. You’ll also be able to learn how to properly spot where the support and resistance is on the price. You can use to spot where the future price may be headed.
Believe it or not, this is nothing new. Ever since the first day of the stock market, traders were using price action. But back then, they didn’t have live, real time charts. You have brokers who were just following price action on the market floor. There were legendary traders like Jesse Livermore who became rich in the late 1800s doing this.
Obviously a lot has changed since then, especially when you look at the forex market. While some of the changes have been good, others…..not so much. I think technology, while impressive, has made traders a little too lazy. Instead of having traders figure out the market for themselves, they are way too reliant on all the bells and whistles to tell them when to…
Source by John Templeton
If you are interested in Forex trading you have probably come across at least one Forex Autopilot review. Forex Autopilot has been heavily advertised and under review has been done by media companies as the Business Week, CBS News and NBC.
Reading the product review does not mean that you will start minting money overnight. You should also be aware of forex trading strategies, economic conditions and other factors. The review should only be taken as a valuable advice to help you in your choice of a forex trading robot.
Let’s review and take a look at this software and find out what makes Forex Autopilot so special and unique to the Forex trading world and among robots that are used for autopilot trading.
The Forex Autopilot is a system which allows you to trade with no prior knowledge of the currency market. This type of Forex system is developed for the Meta Trader 4 trading platform and is called an “EA” (Electronic Adviser). These robots will work 24x7x365, analyzing the markets and taking trade orders n your behalf.
The Forex Autopilot robot was created by Marcus Leary (a forex trader) along with Steven Strauss (a programmer). Today they are both happily earning money in the comfort of their homes. In a recent review the creators of the robot shared their secret that the software, aside from using Alligator, DeMarker and MA indicators, also utilizes the Fibonacci Formula that determines when the beneficial times would be to both enter and exit the market.
This product has…
Source by Alan Bentler
There are various Forex Trade robots available in our market. Among them are FAP Turbo and the popular Forex Megadroid alongside others. They promise to improve the trade performance by increasing gains and preventing losses whenever possible.
There has however been experienced disappointment as only a very small percentage of traders in this market do actually make it. Out of a hundred, only ten percent see an increased margin of profits while the larger lot incurs losses even with use of these so called ‘aids’ of money exchange Forex trade business. This leaves a majority of anxious investors debating and questioning whether these robots do work for real, and if they do to what degree is performance guaranteed? We all know about the collapse of various robots as a result of failing to adjust to the market conditions or misinterpretation of the market trend. To what extent can we rely on this tools or systems?
When one logs into the robot websites, all of them will advertise themselves and have high chances of convincing so many unsuspecting unlucky buyers. They will claim to be effective while providing comparisons on why they are better than the other and promise a high guarantee of success where chances of loss are very minimal almost impossible yet even before long after a trader has got into the business and installed his software and is ready to watch his account grow fatter and fatter, he is surprised when his money is lost just almost immediately and has no one to…
Source by Albert J. Kempt
New aspiring traders will sometimes doubt if these automated trading software are easy to use without prior knowledge or experience in foreign currency exchange. Some of the most popular trading robots are made for both new and experienced traders, they have online community forum for discussions regarding their product from operating to technical difficulties. Users can ask questions and post their problems and these will be gladly answers by fellow new traders or professionals.
The Forex Megadroid has been adjusted for new Forex traders so the product comes with instructions on how to install the software in a video format thus it will be easier to follow. This product can work independently without the help of its owner it can stay online 24/7 as long as internet connection and electricity is up, however there is an also alternative way which you can buy a private server and pay them a month. Tripling or quadrupling your investment takes some time it usually takes 4 months or less so patience is also an important virtue in the industry of Foreign Currency exchange.
The reason in why it takes time to gain profits with any automated trading robots because their trades are done when the current market rates are in your favor, though sometimes on rare occasions the Forex Megadroid and all trading software it might encounter some errors and lose a trade, however this product will store the data on that event and uses it as a reference to avoid doing the same mistake in the…
Source by Edward B. Evans
As it is, new market volatility and constantly fluctuating prices in the Forex market are enough to confuse anyone, especially a novice. In addition, when you hear all this talk about planning and strategy, you begin to wonder what you should really be doing.
To help you on this question, and to give you an insight into what the market pros do, we will take a close look at scalping as a possible trading strategy and tools available for implementation scalping profits locking on to small spreads every time they are favorable so that profit is accrued in small increments over a period of time. In fact the best way to implement a scalping strategy is to use a Forex robot.
A Forex robot is a software tool that analyzes the markets and carries out automated trading on your behalf on autopilot, requiring little or no supervision. The advantages of using a robot in carrying out scalping are as follows:
– The creators of the robot brings years of experience to bear and a new generation is designed to cope with the realities of the marketplace
– the new generation robots used innovative new trading algorithms and programming to enable them to analyze market trends and capitalize on them. For instance, Forex megadroid uses artificial intelligence programming, combined with a proprietary algorithm to produce to 2-4 hour forecasts of price behavior with a remarkable degree of accuracy.
– The default setting on these robots are designed to minimize your risk while…
Source by Mark S. Carter
If you are looking for the best Forex Expert Advisor, you should check out the Turtle FX trading system which is from a true trading great and the rules it uses, have made hundreds of millions of dollars in real time trading – Let's look at our best Forex Expert Advisor in more detail.
Multi millionaire trading legend Richard Dennis, devised the rules of the Turtle robot and he taught them to a group of people who had never traded before and then set them up with trading accounts. His aim was simply to show that anyone could win at trading if they had the right system and confidence in it and they proved him right by making $ 400 million dollars. The story was featured heavily in the international press and is outlined in the investment classic book – Market Wizards.
The rules have now been programmed into the new Turtle Forex EA and traders can seek triple digit gains on a risk of just 2% per trade. You can of course adjust the risk parameters if you so wish. Another advantage of the system is – you can download all the rules and logic of the system, BEFORE you purchase it, so you will know how and why it works.
Most Forex Expert Advisors, present unrealistic track records based on back testing or figures given to you by the vendor which have not been checked by outside sources. The reason they have no independent verification is simple – they do not produce the gains they claim and rather than being supervised by a trader, they are done by computer…
Source by Kelly Price
The Foreign Exchange Market is a merciless environment. A few or more mistakes in your trade and you might lose what you have started for. There are traders who have been performing well in their first few trades and went overly confident to give away all that they have.
So when there was a drastic change in the market condition they ended up losing everything. The FOREX market is an ever changing market that even experts sometimes find it hard to predict what would come up next. But if you have the right knowledge, right amount of investment and the right tool to analyze multi market conditions for you, you’ll have a better chance in winning the trade. Now the question is what is the best tool for you to use? This article reviews the two most popular trading robots nowadays, the FOREX Megadroid and the FOREX Autopilot. Will these robots work in a volatile market?
FOREX Megadroid and FOREX Autopilot are both FOREX trading systems that are designed to work better on a Meta Trader 4 platform. Both claims an easy plug and play set up instruction. Once set up it does the market trends analysis and place the trade for you. But I have a warning to beginners; systems that are not properly set up may not work as expected. Please take the time to read instructions carefully and ask their support staff if necessary for optimum usage of the trading robot.
The FOREX autopilot was create by a known trading expert Marcus Leary. He prides its funnel system design that gathers currency data…
Source by Harry T. Philips
Forex auto trade is a smart way to make profit in forex trading. You could always do it the hard way by manual trading and sit for hours in front of your computer. Since the introduction of trading robot, more and more traders are using this easy alternative. People who love this alternative are saying that they prefer this method because it does not bother their daily activities.
Trading robot is becoming more popular because of these reasons:
1. No special education requirements This system is relatively easy to follow and almost everybody could do it without spending a lot of time learning the system. Traditional way of trading requires formal education and lots of experience. The robot system does all the dirty work for you, and make decision making easier.
2. Forex auto trade system has been proven to have good result. With more sophisticated software coming to the market, traders have a lot of choices. The software’s quality is improving and this is a great news for the traders. Making profit is proven to be easier for everybody who does not have any trading experience.
3. Traders will have more flexible time. Using the robot means that you don’t have to sit down for hours doing the trading manually. This automatically gives you more time doing other things, like spending it with your family. Traders like the robot because they have more quality time.
4. Trading robots give you better results A trader will be able to avoid making an important trading decision under…
Source by Alex I. Lee
Forex trading is quickly becoming one of the largest investment vehicles in the world. In fact, Forex trading is a world opportunity. When you trade in Forex you are buying and selling the world’s currencies as they rise and fall against other currencies. You also do your trading in pairs like USD/EURO pairings. You are buying US dollars against the Euro. While, many are saying that this type of investment is easy to get into, and that any one can do it, there is very real risk involved.
It is true, that Forex trading can be easy to get started, but it shouldn’t be misunderstood to say that it is easy to keep making money with Forex trading. Many people work a long time to learn the ins and outs of Forex trading and still have a hard time making consistent profits. They might have a good month only to see some of that profit be a loss in the coming month. Some savvy investors, however, are turning towards Forex trading robots, like Forex Hitter, as their main investment strategy.
Is this a safe thing to do? Should you trust your investment, and thousands of dollars, to an automated robot that is making trades for you? Some people say yes, while others disagree. But, like everything it all really depends on how you use the products that determines whether or not it can be useful.
The beauty of Forex trading is that you can do it anytime, anywhere. The market is a worldwide market that is based on other nation’s currencies. It doesn’t close down like the stock market. You can…
Source by Jeffrey Adams