Posted in Top 5 Forex Robots | 2 Customer Reviews
4 Robots designed to trade 4 different currency pairs. No more one Robot that thinks trading different currency pairs can be approached the same way!
Updated versions of IvyBot for life. These guys will make sure their trading system is up to date and adjusted for the current market situation. No more Robots that work for a few months and then fizzle out……..[cont]
Posted in Top 5 Forex Robots | 4 Customer Reviews
FAP Turbo just gets better and better. Not long after Version 49 was released the developers have added yet another Forex Pair. This time GBP/USD is showing incredible results on live accounts.
That brings the FAP Turbo to a total of 6 Forex Pairs, more than any other Forex Robot on the market. And the best bit is, they all perform. The FAP Turbo developers also help with settings so that you can create the same fantastic results…..[cont]
Posted in Top 5 Forex Robots | 2 Customer Reviews
Forex Megadroid is not exactly a New Forex Robot, but it has been so successful the creators have decided to re-launch their award winning Expert Advisor with amazing real live proof of its performance since April 2009! No backtests can beat this for proof of how good an EA performs.
They are now presenting trading account PROOF from a trader who has been trading the robot continuously since April 30th 2009! Yes, this guy has been trading the robot for over 9 months now and as you can see from his account has been nailing profit after profit, month after month….[cont]
Posted in Top 5 Forex Robots | Customer Reviews
Pro Forex Robot is created by a professional Floor Trader by the name of Ron Carter.
Full trading report available for the past 3-4 years shows an average of 86.3% average monthly return. Entry/Exit is based on PSAR and other private indicators adopting a “buy high” or “sell low” entry. Provides Martingale money management system….[cont]
Posted in Top 5 Forex Robots | 3 Customer Reviews
Unlike many Forex Robot developers, the team behind the Forex Nuke Expert Advisor have been testing, tweaking & developing the software to improve it for all.
Advanced Version 2 Features
* Fully ECN compatible
* Advanced and stable Money Management System
* You choose how many open orders you want
* Choose your risk percentage so YOU are in control
* 5 digit capabilities which are AUTO detected…..[cont]
Posted in Forex Guide | Customer Reviews
The Foreign Exchange market, also referred to as the “FOREX” or “Forex” or “Retail forex” or “FX” or “Spot FX” or just “Spot” is the largest financial market in the world, with a volume of over $2 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined!
Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).
There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market:
No commissions. No clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are compensated for their services through something called the bid-ask spread.
No middlemen. Spot currency trading eliminates the middlemen, and allows you to trade directly with the market responsible for the pricing on a particular currency pair.
No fixed lot size. In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5000 ounces. In spot Forex, you determine your own lot size. This allows traders to participate with accounts as small as $250 (although we explain later why a $250 account is a bad idea).
Low transaction costs. The retail transaction cost (the bid/ask spread) is typically less than 0.1 percent under normal market conditions. At larger dealers, the spread could be as low as .07 percent. Of course this depends on your leverage and all will be explained later.
A 24-hour market. There is no waiting for the opening bell – from Sunday evening to Friday afternoon EST, the Forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade–morning, noon or night.
No one can corner the market. The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.
Leverage. In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. For example, Forex brokers offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on. But leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
High Liquidity. Because the Forex Market is so enormous, it is also extremely liquid. This means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will. You are never “stuck” in a trade. You can even set your online trading platform to automatically close your position at your desired profit level (a limit order), and/or close a trade if a trade is going against you (a stop loss order).
Free “Demo” Accounts, News, Charts, and Analysis. Most online Forex brokers offer ‘demo’ accounts to practice trading, along with breaking Forex news and charting services. All free! These are very valuable resources for “poor” and SMART traders who would like to hone their trading skills with ‘play’ money before opening a live trading account and risking real money.
“Mini” and “Micro” Trading. You would think that getting started as a currency trader would cost a ton of money. The fact is, compared to trading stocks, options or futures, it doesn’t. Online Forex brokers offer “mini” and “micro” trading accounts, some with a minimum account deposit of $300 or less. Now we’re not saying you should open an account with the bare minimum but it does makes Forex much more accessible to the average (poorer) individual who doesn’t have a lot of start-up trading capital.
