IvyBot Has Worked For Me Can Work For You As Well
The IvyBot is one of the latest Forex Robots to enter the market. Created by Ivy League students and its alumnus, this robot is packed with features when compared to some of the rival robots on the market. Within a short time, the IvyBot has managed to secure a small part of this competitive industry, and has managed to earn itself a following from among enthusiastic traders.
Traders who have used this software programme are pleased to have benefited from it, earning themselves a nice, tidy profit. Creators have spent years of research and trialed the software extensively to make it what it is today. Even the novice trader has found the IvyBot a great help. It functions as an expert advisor that avails itself to the investor throughout the day, every day.
Like many Forex robots in the market, the IvyBot is able to monitor the market conditions and make trades even if the investor is too busy to watch it. It is simply programmed with a variety of strategies to enable to function autonomously. As an investor, you will not need to excel in computer technology. Just simply arm yourself with a basic understanding of computers, and with access to the internet, you will then be able to participate in Forex trading with the help of the this forex robot.
The IvyBot is able to trade in four different currency pairs: USD/CHF, EUR/USD, EUR/JPY and USD/JPY. Each IvyBot is therefore tailored to trade in one pair exclusively, and not in all four currency pairs concurrently. Hence, it is like an expert trader for that particular currency pair, which also means that instead of one robot, the investor effectively has four robots working at the same time.
Sworn supporters of fundamental analysis will no doubt tell you that, although the software packages might technically be working fine, they are flawed in a very basic way. That movements in the value of a currency can not be predicted by studying things like moving averages - they don't predict the price, they follow it. These traders will argue that currency movements are caused by fundamental factors: the balance of trade, interest rates and inflation. On the other hand, traders who solely use technical analysis to arrive at their trading decision will no doubt argue that any fundamental factor, such as inflation, will eventually trigger a movement in some or other technical indicator. A falling price will cause the price to move below the moving average and the software, if programmed that way, will then issue a trading signal to sell that particular currency. Whether you therefore will find forex trading software useful or not, largely depends on the way you perceive the market to work. - 23200
Traders who have used this software programme are pleased to have benefited from it, earning themselves a nice, tidy profit. Creators have spent years of research and trialed the software extensively to make it what it is today. Even the novice trader has found the IvyBot a great help. It functions as an expert advisor that avails itself to the investor throughout the day, every day.
Like many Forex robots in the market, the IvyBot is able to monitor the market conditions and make trades even if the investor is too busy to watch it. It is simply programmed with a variety of strategies to enable to function autonomously. As an investor, you will not need to excel in computer technology. Just simply arm yourself with a basic understanding of computers, and with access to the internet, you will then be able to participate in Forex trading with the help of the this forex robot.
The IvyBot is able to trade in four different currency pairs: USD/CHF, EUR/USD, EUR/JPY and USD/JPY. Each IvyBot is therefore tailored to trade in one pair exclusively, and not in all four currency pairs concurrently. Hence, it is like an expert trader for that particular currency pair, which also means that instead of one robot, the investor effectively has four robots working at the same time.
Sworn supporters of fundamental analysis will no doubt tell you that, although the software packages might technically be working fine, they are flawed in a very basic way. That movements in the value of a currency can not be predicted by studying things like moving averages - they don't predict the price, they follow it. These traders will argue that currency movements are caused by fundamental factors: the balance of trade, interest rates and inflation. On the other hand, traders who solely use technical analysis to arrive at their trading decision will no doubt argue that any fundamental factor, such as inflation, will eventually trigger a movement in some or other technical indicator. A falling price will cause the price to move below the moving average and the software, if programmed that way, will then issue a trading signal to sell that particular currency. Whether you therefore will find forex trading software useful or not, largely depends on the way you perceive the market to work. - 23200
About the Author:
Automated Forex Trading took the world by storm. If you want to find the right Forex Trading Software, make sure to visit http://www.sneakymoneysystem.com today.
posted by X - Men @ 1:33 AM
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