Your Questions About Forex Robot Trading

kenspong answers:

Good question. So much buzz.

From my experience, I recommend forex auto pilot turbo. I have traded it for more than 4 months and I have been consistently profitable for 2 months. I traded on a demo account for 2 months prior to going live.

Http://www.forexapt.com

At the same time, I have been trading megadroid. Seems very good but have been working on it for less than a month.

Http://www.rctpaforexmegadroid.com

kenspong answers:

The No-Loss robot is pretty popular, it is known for not losing a single forex trade.

Http://1186batd2h50jx6mfcsd1nzp58.hop.clickbank.net

kenspong answers:

Hi..jack..

Along with my investing years, I never put my trust in robotic or auto trading systems.

There are 3 things need our lots of hard work in order to make us consistenly gather some profitable investment
1. How deep is your knowlege about fundamental aspects of the currencies, especially the G8 currency
2. How well your know-how about technical indicators so you can make an excellent entry-exit decision.
3. How deep is your involvement to follow market sentiments such as economic calendars and their impact to the ongoing currency pair.

By doing this, we are preparing somewhat a brighter future for ourselve and we will be independent in the rest of our investing age.

It is not easy, but consistency will make it easier

Hope this helps you

SIG
http://foropts.webs.com/ (my trial website)

kenspong answers:

Save yourself some money and don’t consider robot trading.

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. 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.