What do you think of using a Forex Robot in doing Forex trades?
If it works and doubles your money that easily by investing at Forex, why not everyone begins to install a software and make money automatically?
according to what answers I have received I would like to add some points:
1. I think because of demo trading facilities provided by Forex brokers you can test "Forex robots" functions and find out about their effectiveness without risk of loosing a penny
2. Actually, Forex robots exist and while they used to be used by big firms involved in Forex trading long time ago, now individuals can buy hundreds of softwares programmed for beating the market by utilizing experts’ knowledge
3. It’s amazing that these kind of softwares are available in the market with low prices yet some scams, as well.
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Tagged with: demo • demo trading • Forex Brokers • kind • knowledge • risk • robot • robots • scams
Filed under: Forex Software
There are robots they could do well when the conditions in the market are normal.But during this crisis time the market is very unpredictable.If you want to trade safely in the forex you should open positions with very big stop loss distance and be happy if you make 200-300-4000 pips when the market moves yoyr way no matter how long it will take.For example:I f you open right this moment a "buy" position in the EURUSD pair (the price now is 1.4272) with a stop loss 5.000 pips then you could make a nice $500 when it ll climbe up to 1.4800 which is very likely to go in the next 30-40days time.
I think it’s a horrible idea.
It’s doubtful that it works, if it was as easy as that I’m sure everyone would be doing it. It could also be that maybe people don’t know about it. If you want more information on Forex Robots, I found a good link here:
http://ambiz830.hopfeed.com/feed/?u=MjU0MglRRUc3R0NHWVgyCTMJYW1iaXo4MzAJZmlwcHJvCQk%3D
I think your best bet would be to learn Forex yourself so that way you are the one in control of your profits and losses. The more you educate yourself the better off you will be. I’ve been working with Forex for a few months now and its going pretty well, but beware that there is definitely risk involved! I found this e-book to be a great starting place for me, it really got me going:
http://forexmarketsuccess.com/forex-ebook/
I hope this information helps! Good Luck!
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
Good idea guys..
but you must have a long tested EA to begin and rent a Forex VPS Hosting ..
find out here :
http://accurate-forex-signals.info/