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

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 do not 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 automated Forex trading system – the lie that you do not require any specialized knowledge and all you need to do is to set it and forget it. Yes, it's true that you do not 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…


Forex Expert Advisors Vs Automatic Trading Robots – Which is Better?

Two of the ways in which you can trade the currency market without really locating entry points yourself is by using an EA (Expert Advisor) program or an automatic trading robot. These two solutions have become widely popular in recent years with the advent of the Internet and other technological developments.

What is the difference between an Expert Advisor and an automatic Forex robot and which one should you use?

There are many similarities between EAs and trading robots:

1. Both are software programs which were developed to trade the market on your behalf.

2. EAs and robots both take care of the analysis part of the trade. They go over the current market prices and based on their internal algorithms and technical indicators, they discover the entry points for high probability trades.

The second similarity makes using either of these two solutions a low hassle way to take part in the currency market.

However, there is one major difference between EAs and automatic trading robots: EAs don’t really trade on your behalf while robots do.

You see, EAs just provide you with trading signals. They tell you when they believe you should trade but they don’t actually place the trade for you. This does mean that you need to be around to place the trade but it also gives you an additional layer of control, a final “veto” so to speak in which you can decide whether to follow the signal or not.

Automatic trading robots are an entirely different thing. A robot takes care of the entire trading…


Forex Automatic – Two Different Types of Trading Software

Many traders use some type of software in their trading. In Forex trading there are tow kinds of such software. First type is auxiliary software. It’s an indicator that interprets the price action or some more sophisticated program that generates buy-sell signals. The second type of trading software is what I call automatic trading software. This software executes the trades in real time on your broker’s platform. I would like to describe those two types of software in greater detail.

Auxiliary trading software

All traders are familiar with this type of software. The simplest version of it is and indicator of a price action. Some people build programs to generate buy and sell signals based on those indicators. These tools make analyzing the price data much more easy task. Keep in mind though that the most valuable tool in trading is your mindset. If it is in place then any software will make your trading more successful.

Forex automatic trading software

This kind of program is becoming more and more popular among Forex traders lately. It seems like it should be the best way to trade since the machine doesn’t have human emotions such as fear and greed. So it should not be susceptible to trading errors due to those emotions. The reality is much more complex and interesting. If a successful trader uses the automatic trading software he makes profit in a long run. When a beginner tries to use such software he loses money.

What’s the reason for getting different results? The…


Forex Black Panther Review – One of the Best Forex Automatic Trading Robots?

Is Forex Black Panther really one of the best Forex automatic trading robots like what its owners are claiming it is? This product is useful for those who want to start making money on the currency market as well as those who are already doing so but want to reduce the amount of time they spend trading every day.

1. What Else Do You Need To Download Before You Can Start Making Money With Forex Black Panther?

This program works on the MetaTrader 4 platform, therefore you will need to have this platform before you can start working with this product. After you have set up this program and configured all the settings, you can sit back and allow the software to automate all the trading strategies that it has been programmed with. I have found this Expert Advisor to be reliably more accurate in its analysis by looking at its higher percentage of winning trades.

You can choose any broker that you want as long as they support the MetaTrader 4 Platform. As a member of the FX Black Panther, I get regular updates to the software when market conditions change and stand to profit from all opportunities regardless of when they come about.

2. Review of Forex Black Panther Expert Advisor

It is programmed with a set of manual trading rules as algorithms that the software runs automatically with. Therefore, it works very systemically and if you understand the system behind it, you will know what to expect the robot will do in any situation that you analyze. Of course,…


10 Steps to Successful Automatic Forex Trading With Expert Advisors

A Forex Expert Advisor (also know by other names such as Forex Trading Robot, EA, MT4 EA, Automated Forex Trading Software) is a mechanical trading system written in the MQL-4 programming language and designed to automate trading activities on the MetaTrader4 platform.

Hundreds of brokers and system developers are enticing new traders into trading the Forex market with claims of double digit or higher returns in a short space of time by using MetaTrader4 automatic trading systems, called Expert Advisors. The reality is that 95% of new traders lose their trading bank in the first couple of months. How can you ensure that you are part of the successful 5%?

Here are 10 tips that can help you achieve quick success when first starting off as a Forex trader.

  • Get familiar with the Forex market. You can’t possibly hope to successfully trade a market that you do not understand. Don’t listen to all the hype that “newbies” can buy an automatic system and be successful immediately. The Forex is a very exciting market but you need to read and learn about this beast before trying to trade it.
  • Purchase a commercially available Expert Advisor (automatic trading system) that offers a user support forum. There are systems that you can get for free, but if you are just starting out you should consider purchasing a system that provides good customer support and also offers a user forum where you can read about the problems and the solutions encountered by fellow traders.
  • Choose the…


3 Key Points Which Your Automatic Trading Forex Programs Must Have

Automatic trading has revolutionized the market and how those who trade within it approach their trading. Since trading programs first took off and running years ago, the floor has become flooded with lookalikes, knock offs, rip offs, and (thankfully) a number of gems. This article is meant to help you steer through and navigate between the lemons to find one of the winners out there. Whatever program you end up deciding on if you do, make sure that it has these three points.

Know What You Want

I know it's a bit silly, but it definitely bears worth mentioning: make sure the program you go with has what you want. There are a number of different types of automatic trading programs available on the market. There are programs which do just that and trade for you, and there are also programs which are designed to predict for you exactly where the market will go before it happens so that you can trade accordingly. There are even all inclusive programs which combine the two. Identify your needs, and go from there. There are articles out there which delve into this point further, I've written some myself, so find one and educate yourself if you need to before making any decisions.

Customer Service

This one may not seem as obvious at first, but think about it. The automatic trading program which you always decide to go with is unduly meant to make your life a great deal easier and more profitable, but that's not to say that you will not ever have any…

Source by Max Branner

Best Forex Robots Review

Finding the best Forex robot for you is not an easy thing to do because there are so many programs contending for this title. In this Forex robot review, I'll tell you which 2 programs I believe may indeed be among the finest on the market and together can provide a killer money making combination for any trader.

The 2 Forex systems I refer to are Forex Fantasy and Forex Killer.

Why do I believe that these 2 programs are not only excellent but can also be combined to produce more earnings?

The reason is that these 2 software complement each other. While Forex Fantasy is a fully automated trading program, Forex Killer is a trading signals generator which does not place the trades for you but simply tells you which trades to place. With Forex Killer you need to place the trades yourself, while with Forex Fantasy it is done for you.

I recommend Forex Killer because of its excellent reputation as a high quality signal generator. It is affordable, easy to install, works easily, and is great even for non-experienced traders. Using trading signals is a great way to learn more about how to trade which is important for any trader, even if you're using an automatic trading robot. It also has excellent reviews and testimonials.

I recommend Forex Fantasy because it is automatic trading taken to a whole new lever. It is a new generation of Forex program because it is not based simply on a static algorithm like other robots but has a learning algorithm. This means…


All About Forex trading Robots

Automatic trading is switching the pretty nature of trading. With it truly is black box method, an automatic trading procedure can be utilised by any individual to trade. Forex trading trading is especially suited to the advancement of automatic trading devices. There are only six important currency pairs that account for additional than 90% of the trading quantity in the world-wide currency markets as compared to the stock marketplace that has hundreds upon hundreds of stocks. In the previous number of decades, the advancement of the Meta Trader MT 4 system has revolutionized the advancement of automatic trading procedure also known as Specialist Advisors or Forex trading Robots. Now if you are a trader with a very good mechanical trading procedure, you do not will need to be a substantial course programming specialist to create your own automatic trading procedure!

Any mechanical trading procedure can now be automatic. Automation of trading devices have produced trading uncomplicated for a lot of individuals who experienced hardly ever traded before! The automted trading procedure or what you call the Specialist Advisor trades immediately opening the trade when the ailments are ideal and closing when the profit targets are met or the marketplace is exhibiting much too much volatility.

Forex trading trading has turn into real uncomplicated with these Specialist Advisors. Earlier it demanded a ton of education and difficult perform to grasp trading. Not anymore. Now, any individual can trade making use of these Specialist Advisor with pretty little amount of ability as a trader. Each individual months, you will locate new robots been lauched with tall statements produced…

Source by Ahmad Hassam

Automated Trading Software – Genuine Trading Tool!

More and more online brokers are offering an automatic trading service to their users. This is the case for automated Forex trading software with FxPro applications, but also with the Auto chartist application available from various brokers.

This innovation, known as auto-trading, presents a major interest, that of being able to take decisions in place of the trader, following the indications left by the latter. These software programs are programmed, thanks to complex algorithms, to make it possible to earn money in the safest way possible, thanks to the best trading strategy. To do this, the software combines various strategies in order to obtain the best possible gain. These software are all the more interesting for novices of trading since they can apply strategies already recognized for their good results. Faced with very volatile markets such as Forex, auto-trading is a good way to become familiar with the environment, and then to develop its own strategy.

In all cases, automatic trading software allows you to refine a strategy and then implement it. With auto-trading, it is possible to know in a few moments whether the strategy adopted is winning or not. One of the great strengths of these softwares is that they use the strategies used by the best international traders and are therefore trustworthy. Not all different online trading applications are programmed on the same model and some are based on an algorithm strategy, while others focus more on graphical analyzes.

All of these automated Forex trading software provided by brokers can then walk without human intervention. The automated software will then make decisions according to the defined strategy at any time. This is why it is important to define all the parameters upstream and to control the risk by setting limits.

What Is MT4 EA? Currency trading Trading Platforms and Software package

Now that we have the Internet, Currency trading just isn’t just for a several significant investors as it made use of to be. The Internet adjusted it all, even Currency trading trading. All is carried out on-line now, utilizing software platforms…

Automated trading software, like Qualified Advisors or Currency trading robots are software, equipped to perform non-prevent putting your trades for you or alerting you on great kinds.

Qualified Advisor is applied to robots crafted on the Metatrader four platform, which is the most common way of creating automatic trading software, most Currency trading software you will see on-line is for MT4 platform considering that numerous brokers have their client software platforms on Metatrader four.

By utilizing platforms like Metatrader four a technician can create a robot without having having to establish every little thing from scratch with raw code. Traders who are technically minded can enjoy the problem of automating their very own profitable trading techniques by making their very own EA on the MT4 platform.

Of program it is really simpler to use a programmer to have it carried out for you, but traders or companies acquiring automatic trading software are usually¬† protective of their techniques…What most profitable traders would do is establish their EA by themselves without having revealing the mystery trading procedure to anybody else.

So you see how most advanced trading software will come to life…

Automation would seem to be the identify of the recreation. Amazing minds instruct software to trade for you, automating just about absolutely all the frequent tasks of a trader.

Most investors want a Currency trading robot trading for them so they can concentration on firm, optimization…consuming margaritas in their no cost time…

Some robots adapt to market fluctuations, some won’t. Some place numerous trades but getting very little income in each when other Forex robots would “be extra affected person” and wait around for a better option to trade and get better returns in just a several moves.

Very first, attempt to concentration on discovering general details to have a more substantial picture: the diverse sorts of trading software and how they perform, no matter if or not other tools can be complement to a trading procedure, and so on. Only when you have a clearer general picture will you commence focusing in specific specifics…

Like every little thing in life, having a very clear picture of what you might be immediately after will make the variety procedure a large amount simpler and you will have the envisioned result: The best automatic robot trading (creating money!) for you!

Source by Denis Marsili