Short Guide on. How to choose a reliable Forex Robot

Transcription

1 Short Guide on How to choose a reliable Forex Robot Reviewed and recommended by Rita Lasker 2012

2 Introduction to Forex Did you know that you can find a market that is open 24 hours a day? The market is called Forex and if you go there, you can t find services, commodities and goods. The Forex market is the place where different kinds of currencies are traded. In every trade, two currencies are involved. The profits and losses are based on the currency movement. Forex trading is all about making big money as it has one of largest market share in the world. It earns about $3 trillion every year worldwide. The big turn-out in profits attracts a lot of investors. Some investors have found it quite easy to make a large amount of money as the Forex market changes daily. Forex trading takes place through a broker or a financial institution often where you are able to purchase other types of stocks, bonds and investments. Forex rates or exchange rates can change unexpectedly. You need to monitor these exchange rates in order to determine if the price of a certain currency increased or decreased. Changes in the Forex market usually occur quickly and so it is important for traders to keep track of the market. Political and economic events can influence the changes in the Forex market as well. Automated trading software Automated Forex trading is conducted by method of unique software programs that allow for non-stop dealings of currencies. International marketers, brokers and private investors network on Forex, trade money under the weight of the intercontinental real-time results. Forex surroundings can change at any time, which is why an automated Forex trading apparatus might permit for an middling rule of the risk exposure.

3 The tools of a trader: Here is what you need to trade with Forex automation: currency, a computer, Internet connection and a program that tells you what time to put up for sale and when to purchase currencies. What would the automatic Forex trading tool do for you? Automated Forex trading saves your free time and makes you capital. Some individuals have started with a most minuscule $1 deal and have multiplied it to thoroughly build a return. With zero experience on how to work the system, you may start making proceeds. You can be a total newbie to the method and nevertheless be booming at it! Automated Forex trading is run with various kinds of tools, program types and special software that continually track and scrutinize the actions on the Forex market. The software can be employed any time, the world over. Forex robots Forex robots are a form of automated trading system that takes care of a great deal of the currency trading process for you. Forex robots are capable of entering and exiting trades automatically with the sole purpose of making a profit. Once configured correctly, these programs will often run independently and on auto-pilot, placing trades instantly when certain criteria are met. Trading manually involves spending a considerable amount of time each day placing trades, managing changes in the market and monitoring all the trades you have already placed. For most traders, this laborious task of manually entering and tracking all these trades is far too tedious and time consuming, forcing many to turn to an automated trading system like this to reduce their workload. Forex robots take the pain out of this process for you by monitoring your trades instantly and eliminating the need to manually enter immeasurable information. Forex robots can actually save up your time.

4 Robots are perfect for beginners With an automated Forex trading system you would have a programmed system that could monitor the progress of the Forex trading real time. It utilizes an expert advisor and a set of indicators that interprets the Forex trade and can even show you an opportunity to trade. What is good about utilizing an automated Forex trading system is the quick way of picking things up. If you are a newcomer in trading, this would minimize the lengthy process of learning the market and its rules. You do not have to stay glued with the Forex market 24 hours to understand the Forex trading market. The software would keep tabs on the trade 24 hours a day. This would keep you abreast with what is happening real time. This would enable you to make changes to your account real time based on changes happening in the market. Major trading changes could happen in a matter of just a few seconds. Besides, the software is also easy to use and simple to install. It can be allowed to run into autopilot. Configuring the software would only last for a few minutes and then it can be allowed to do its work and it s magic. You can be successful in automated Forex trading especially, if you are using a system that is suitable for you and at the same time, you are familiar with. No emotional pressure Aside from that, the automated Forex trading system gets rid of the emotional and psychological aspect of trading. There would be times when series of losses can affect your way of thinking and analyzing the market. This could result to bad and rash decisions in the market. But the automated Forex trading system and software would help you deal with it. Please leave all the worries aside.

5 Any drawbacks? The automated Forex trading system is not perfect. If it is, then a lot of people would be winning the trade. Money management is still important. You have to know how much you are willing to risk. To be successful, most traders would always have a fixed percentage of their equity at risk. They could increase the size of their trade in winning or decrease if losing. Another downside of an automated Forex trading system is making sure that your computer is running all the time and you have a dedicated server to run your automated trading. This is to make sure that your expert advisors or EA would work with your home and work computer. Forex trading is also very risky if you have not had the right training. It is a must that before you start trading the Forex market, you take time to learn the basics. You also need to employ a careful understanding of its mechanism. By getting yourself a robot trading system that will work even without you manning it, you increase your chances of success. Forex robots are computer programs that automatically scan the Forex market and automatically make trades based on programmed algorithms. These trades are made with little or no intervention by a human operator. The most common benefits of automated trading software: 1. The best solution for busy traders Although Forex trading signals are spoon feeding traders with every information they need to execute and close a trade, there are bound to be some emotions involved. What about people who have a day job without a single dime of time for currency trading? This spells downfall of Forex signals as traders can t sit in front of the computer for long. We have mentioned the emotions and time barrier for signal services and lastly the untimely delivery of signals, which is unavoidable sometimes. Not everytime will you get the signals delivered to your mobile or s on time. So the best solution for busy and bad traders seems to be automated Forex trading. Auto trading get rids of emotions, bad discipline, poor money management, decision making and many more. That is why it has become a phenomenon in the Forex market these days.

6 2. No extra commissions People who take part in the equity market will tell you point blank that you have to secure brokers and pay them with their commissions. However, for Forex trading software, you are able to keep all your profits to yourself. You need not pay for any brokerage or clearing fees. You only pay the bid/ask spread. This kind of business also eliminates the need for any middleman. This means that with the use of the Forex robot, you are able to deal with the market maker in an online electronic exchange method via trading platform like MetaTrader4. 3. Forex trades 24/5 and you can access it online at any time Forex trading means having the transactions immediately executed and with a Forex robot in use, the more promising the business can be. After all, the market operates 24/5. Trading is done all over the world for 24 hours in a day. Even though some of the major regions are closed for a particular business day, the others are open to do business. Through the help of the robot, you can continue trading currency pairs even while you sleep. In addition, one of the most attractive features of trading Forex you can do it from home by using the Internet. 4. It is user-friendly Forex robots are generally easy to install, access, and use. This means that you don t have to go through the agony of operating it. There is no need to supervise it. The Forex robot doesn t need human interference. Just keep it updated at least on a regular basis so that it can deliver its best performance. 5. Accuracy of trade The signal generators that come within a good robot package are certainly a step up from the traditional way of doing things. Traders traditionally look to professional analysts to help them make the best trading decisions with their predictions. Obviously with the human element involved, much guesswork and a lot of times predictions could be less than satisfactory. Today s robot uses cold mathematical algorithms to generate their signals, removing the emotional aspect of the choice making process.

7 This can ensure the trader that he is getting the most precise tips about where he should place his money. How can this software prevent losses? Lots of individuals lose money trading Forex by letting their emotions dictate their decisions. Traders tend to try and feel out the market and speculate as to upcoming changes instead of analyzing the required data and studying trends carefully. This is where robots become extremely useful. Forex robots never act on impulse and determine trades based purely on facts, reducing the possibility of human error. Forex robots are designed to make decisions based solely on the data they collect. The algorithms contained within these automated Forex trading systems study a vast amount of data at regular intervals, even putting together information for worthwhile long-term trends. The software will only make calculated trades based on analysis of the data collected, selecting trades which are more than likely to achieve profitable results. How to choose a robot? Choosing consistently profitable Automated Forex Robots is a challenge. You have to do a lot of research on the internet, such as reading many articles, learning about economics, and understanding how current events affect the value of a country s currency. It is not smart to start using Automated Forex Robots without having a clear understanding of what currency trading is all about. We meet too many people that lost money in the market with Automated Forex Robots because they were not patient, and decided to start investing without proper preparation. Don t be like these people and take your time to review the many articles, suggestions, tips, and Forex information available elsewhere on the internet.

8 Are small gains better? Forex automation is nothing new, there has been software available for a number of years, but as computers and access has become more state-of-the-art, integration into multiple systems is becoming more and more popular and accessible. When choosing automated Forex software, the key things to look out for are the speed at which it trades and how it trades. There are certain programs, automated software, that s basically just buy, and then wait until the price, exchange rates, rises, and then when the exchange rate starts to fall, sells at lightning speed, and the difference between what you paid and what you sold is the profit you have made. This is only pennies on the dollar, or whatever currency, but about $100 this could be a five dollar profit, and reinvested will cause an accumulation of wealth. Making five dollars per $100 a day per $100 plus the reinvestment of the five dollars equals an accumulation of investment amounts plus profits. In one month assuming this steady rate equals 100+5, 105+5, 110+5, etc. in less than a fortnight s you could double your money, with a large stake this may seem small but exponentially doubling every fortnight would return a huge fund at the end of the year. There is always a risk involved with Forex, the more you invest the larger the chance you take.

9 What is your target? Forex traders also use automated software, as well as tracking software for their day-to-day trading business, but these traders also need to watch current events, and be up-to-the-minute in all of the world future speculation. Because of this, Forex traders have a tough time in keeping their minds concentrated on making huge piles of money for their corporations, and have a great deal of stress involved. This is not true for the home, or part-time trader, who basically just wants a program that will run on their computer and buy and sell at phenomenal rates and speeds that do not require any outside knowledge of current events. The thing is that you need to find just reliable software that will not make huge sums of money. Please bear it in mind that only professional Forex traders need to make thousands of dollars per day consistently in order to be considered as valuable members of their industry, and they spend all their time and efforts to do it. While for the home trader, this software can make a tidy profit virtually daily, which could easily add up at the end of the month or year to a nice sum, which would outdo any pension plan, bank interest savings scheme, even stock market investments. So why should you risk your money when you can get small but consistent profit? If you are searching for some extra money for living, choose a robot that will not promise huge sums of money but bring you real profits. Let it be 5 dollars only as we talked in the example above, but they would be real.

10 Some personal recommendations in conclusion Forex trading can be risky for all traders. Even if you are an experienced trader, you may still believe that there is software that can bring you million in a month. Please always learn the principles of software before purchasing it. Do not think that the robot for $49 will earn you $49,000 in a week as someone may advertise. Carefully select the tools for your trading. Sometimes it is better to have the only one but stable robot that will bring you small profits but safely then to install dozens of different robots that will lose all your deposit. It is true that you can rely on a robot, but for doing it, you need to choose a reliable robot first. On March, 27, visit our web-page to learn about the newest Forex AmeroBot at Forex AmeroBot is the robot based on the latest innovations and is highly valuable for its main features as safety, reliability and profitability. Its key advantages are: Integrated MONEY MANAGEMENT system Lot Size Self Adjustment NEWEST algorithm that trades not often, but with CONSISTENT PROFIT Adaptation feature - frequency of trades depends directly on a market High WIN RATE Attention! Special offer: 3-DAYS-ONLY discount + superbonus 30% OFF + bonus is only for the first 300 members who will confirm the interest in purchasing Forex Amerobot NOW! Simply send an until Monday night to: support@ritalasker.com with the subject "interested". More details and screenshots will be available at the site on Tuesday, March, 27.

11 If you have any questions, please feel free to ask our support team by sending an to: We will do our best to help you. Yours, Rita Lasker & Green Forex Group. Any additional information: Contact Information: ALL Green Forex products: