Home Business Trading Forex: Forex Trading Robots Reviewed
To a person new to the idea of forex trading, it may all seem far to confusing to even consider it. But if you ever wanted to work from home with an independent income then it is worth you taking a closer look at forex trading. The old days of forex only being available to large banks and brokers with professional and highly specialized full time traders are gone. yes they still exist, but also available in the last few years is software that makes home traders just as able to make a great income. Some of the software is used manually. Importantly however, there are many automated forex trading robots that will trade on your account while you do absolutely nothing.
How much money will you need to begin your career as a forex trader? Ideally $10,000 would give you a real boost so that you can buy say 3 forex trading robot software programs and some forex training course materials - all up under $700 leaving you with well over $9,000 for your trading account. Of course you won't be just jumping in and trading on a live account - all brokers provide free demo accounts until you are ready to go live. And I personally started with only $500 in my trading account and the profits from it grew very quickly to $10,000. But let's look at some software options first.
Fap Turbo: FAP or Fap is short for Forex Auto-Pilot is the largest selling software robot on the market with 37,000 users out there. When you get Fap Turbo and install it - it has default settings adjusted for you to get you started. You are encouraged to watch all the training videos and other materials before you begin trading, and always start trading with a free demo account from your broker. While this is the biggest expert advisor around, it should be purchased with Fap Winner because this add on is where you get instruction on the best settings to use to make the most profit. Fap Turbo without Fap Winner is too hard for new traders to learn. With Fap Winner guiding you, Fap Turbo then becomes a profit power house.
Forex Maestro has been around in the market now for about 4 months. there has been much argument about who developed it and if any rules were broken by the vendor in terms of did he have permission to sell it, is it an exact copy of another forex robot, etc. Some forex forums canned Maestro on the grounds that it was released without consent, but interestingly the alleged programmer has never come forward nor ever complained his work was copied. Certainly Clickbank have been allowing it to sell on their network without drama. It is a strong performer, and you may want to consider it for your toolkit of forex software programs.
Forex Funnel: Forex Funnel say it's designed to trade the USDJPY pair on a 1 hour chart, but actually you can trade profitably on other pairs. It is best to go with what they recommend, so stick with USDJPY as there maybe some aspect of that pair they are exploiting. It is a very aggressive expert advisor, and it is only suited to larger trading accounts - not less than $5,000 because it can draw down quite a large portion of your account before swinging into large profits. Perhaps not for the new forex trader, but certainly worth a look at when you have a few months trading behind you.
Finding the right review website is paramount to you making the right decisions about forex robots. There are literally hundreds of expert advisor forex software programs available. Not all of the work well. Not all of them are suited to new forex traders. Some are more dishonest than others in their claims. All seem to have hyped up sales pages filled with urgency trying to push you into a fast decision. The 3 forex robots discussed here are all good - in the right hands and with the right settings and trading account size. Find a good review site and you will save yourself a lot of time and hard earned money.
All in all if you want to buy a robot, but you know nothing about this - these sites for the reviews are going to be the first step you are going to want to take. Once you read through a few - or all the reviews and you make your decision you can always come back to the site and look at what else the site might offer. For instance, my site I built not only has a lot of reviews on these programs, but they also offers articles such as; Benefits of Robots for Forex Trading, Brokers - How to find one, how to pay him, and Forex Trading Platforms and Forex Robots. This site could essentially be your be all to end all! - 23200
How much money will you need to begin your career as a forex trader? Ideally $10,000 would give you a real boost so that you can buy say 3 forex trading robot software programs and some forex training course materials - all up under $700 leaving you with well over $9,000 for your trading account. Of course you won't be just jumping in and trading on a live account - all brokers provide free demo accounts until you are ready to go live. And I personally started with only $500 in my trading account and the profits from it grew very quickly to $10,000. But let's look at some software options first.
Fap Turbo: FAP or Fap is short for Forex Auto-Pilot is the largest selling software robot on the market with 37,000 users out there. When you get Fap Turbo and install it - it has default settings adjusted for you to get you started. You are encouraged to watch all the training videos and other materials before you begin trading, and always start trading with a free demo account from your broker. While this is the biggest expert advisor around, it should be purchased with Fap Winner because this add on is where you get instruction on the best settings to use to make the most profit. Fap Turbo without Fap Winner is too hard for new traders to learn. With Fap Winner guiding you, Fap Turbo then becomes a profit power house.
Forex Maestro has been around in the market now for about 4 months. there has been much argument about who developed it and if any rules were broken by the vendor in terms of did he have permission to sell it, is it an exact copy of another forex robot, etc. Some forex forums canned Maestro on the grounds that it was released without consent, but interestingly the alleged programmer has never come forward nor ever complained his work was copied. Certainly Clickbank have been allowing it to sell on their network without drama. It is a strong performer, and you may want to consider it for your toolkit of forex software programs.
Forex Funnel: Forex Funnel say it's designed to trade the USDJPY pair on a 1 hour chart, but actually you can trade profitably on other pairs. It is best to go with what they recommend, so stick with USDJPY as there maybe some aspect of that pair they are exploiting. It is a very aggressive expert advisor, and it is only suited to larger trading accounts - not less than $5,000 because it can draw down quite a large portion of your account before swinging into large profits. Perhaps not for the new forex trader, but certainly worth a look at when you have a few months trading behind you.
Finding the right review website is paramount to you making the right decisions about forex robots. There are literally hundreds of expert advisor forex software programs available. Not all of the work well. Not all of them are suited to new forex traders. Some are more dishonest than others in their claims. All seem to have hyped up sales pages filled with urgency trying to push you into a fast decision. The 3 forex robots discussed here are all good - in the right hands and with the right settings and trading account size. Find a good review site and you will save yourself a lot of time and hard earned money.
All in all if you want to buy a robot, but you know nothing about this - these sites for the reviews are going to be the first step you are going to want to take. Once you read through a few - or all the reviews and you make your decision you can always come back to the site and look at what else the site might offer. For instance, my site I built not only has a lot of reviews on these programs, but they also offers articles such as; Benefits of Robots for Forex Trading, Brokers - How to find one, how to pay him, and Forex Trading Platforms and Forex Robots. This site could essentially be your be all to end all! - 23200
About the Author:
F0rexPhil has been Forex trading professionally and testing automatic forex trading systems and expert advisors for many years. His forex robots review website is known to be one of the best there is for honest opinion on how good they are.
posted by X - Men @ 11:59 AM
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