Your Questions About Forex Robot Trading

David asks…

Which Forex Robot has the best results and easiest to use ?

Im still confused on which Robot to get to start Forex trading. If anyone has any experience, I would love hear any pros and cons.

kenspong answers:

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. 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.

Take a look at Bob J’s website. If you click on the link for Fapturbo, you can see that he is sending you to the site http://www .fapturbo . Com/?hop=gannon6 The “/?hop=gannon6” means he gets a commission if you buy Fapturbo.

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.

Michael asks…

Autopilot Forex trading robot downloads?

Hi there, i have taken the plunge and brought the forex autopilot software after reading some good reviews. The only problem is that even though all PDF files etc work and can be downloaded, the zip file with the ‘robots124’ is another story. I just keep getting “no zip file/bad zip file” message

Does anyone else have this problem? If so how can i fix it? Is it the file? Computer? Me?

I have sent an email to customer service regarding this but i figure i might get answers here well before they can get back to me????

Thanks!
Update – It seems that i have been downloading it all wrong. I have been tol that teh robot Zip files must be downloaded into metatrader file or something so i will give this a go and then get back. Incidentally i found that Squidoo business have some good advice regarding this as it seems im not the only download novice here….

kenspong answers:

How old is your computer? What operating and security system does it use?

It might be that the operating system on computer. You should check the system requirements specified with the Autopilot. I would try to down load it on another computer and see if it works!

I’ll be interested with your feedback in due course because I have been thinking about purchasing it. Let me know if you consider that it has met your expectation and you would recommend it to me.

Ken asks…

Autopilot Forex Trading – Robot zip file download issues?

Hi there, i have taken the plunge and brought the forex autopilot software after reading some good reviews. The only problem is that even though all PDF files etc work and can be downloaded, the zip file with the ‘robots124’ is another story. I just keep getting “no zip file/bad zip file” message

Does anyone else have this problem? If so how can i fix it? Is it the file? Computer? Me?

I have sent an email to customer service regarding this but i figure i might get answers here well beofre they can get back to me????

Thanks!

kenspong answers:

Rename the copy you have and try downloading it again.

If you keep getting the same msg. After re-downloading the file (multiple times), plainly the ‘source’ has been corrupted (at their server)

Laura asks…

Can Anyone Recommend a Good Forex Robot?

I’ve recently started trading forex online and have heard about forex robots that can trade currency pairs automatically for you.

I would like to know if anyone can recommend a good one and if so, what they like about it?
It has to be completely “hands off” – not just one that gives you signals which you then have to trade manually. This robot (some call them ‘expert advisors’) has to do everything for you … and make good money (of course!) with minimal drawdowns to your account balance.

kenspong answers:

You can find reviews of several forex robots by someone who has tried several at http://www.forexweek.co.uk/

Sandy asks…

Where can I find a quality review site that tells my about automated forex trading robots?

All the sites I find are merely a site which sends me to a product without telling me any of the pro’s or cons of the product.

kenspong answers:

If you search you’ll find many reviews. However, some reviews are probably not very helpful. You still have to use your own judgement but generally go for the more popular ones. Look for ones with good support.

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