Sandy asks…
Is anyone interested in making money trading Forex using trading systems, softwares, robots?
If you are, then watch this video. Quadruple your money trading forex in no time. Takes less than 5 minutes to set up.
www.youtube.com/watch?v=EuCYADhhPUw
kenspong answers:
I got my ROBOT and it works great for me because I worked for months on having a system that’s now tested and reliable.
People need to know that some robots work but they are not 100% hands free. You gotta work on it too. Like I said, months of effort. But rewarding now on a daily basis.
Thank you anyway!
George asks…
I need more information on forex trading? So please only forex pros to answer this?
I am thinking of trading forex in a couple a months from now , i been practicing a lot and been saving money to open a live account, and i looking for some real help on the do’s and dnt in forex, i dnt want to get get in trouble in no way, i was thinking of setting up a forex trading robot/system to help with trades, is that legal, and if so what is illegal to do in the forex market, and im also looking for a US based forex broker, any suggestions on who to go with, plz only professional forex traders only, it would be great help
kenspong answers:
I am not a forex pro, and I doubt anyone else answering this question is either. However, let me give you some advice:
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.
Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap . Com/q2347.” The “q2347” is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347” gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
Mark asks…
… Any software to create your own forex expert advisor, robot or automated trading system?
Allowing you to do that in a very SIMPLE and EASY way?
kenspong answers:
Take a look at http://www.airbionicfx.com/
They offer custom MQL programming service for Metatrader platform in full spectrum. Code protection, License management and more services.
Robert asks…
Looking for a quality forex robot. Any suggestions?
I recently started reading about forex robots that do forex trading for you and make profits as a result. I decided that this was interesting enough to investigate further.
Basically, I have seen a number of these robots on the internet, all of which have been highly recommended by various sources. Can anyone recommend a forex robot that would work well for me?
If I do decide to do automated forex trading, I can only give an initial investment of about $200, so it has to be a robot that can work with small deposits. Also, I would prefer this robot to be fully automated, though I’m open to accepting robots which require some management. If the robot is free, I would also prefer that, though I don’t mind paying for it (why do these people need to charge money for a system that is used to make an income?). While I’m at it, can anyone suggest a forex trader that will accept a deposit that small, allows trial runs on a free account, is registered with the NFA (http://www.nfa.futures.org/ ) and the CFTC (http://www.cftc.gov/ ) and is compatible with the selected robot?
So that is my question. I am aware that there are people that will try to use their answer to promote the product of their choice (even if it means lying) and will earn some commission when I purchase the robot. So I have to set some rules for the answers provided here:
No Affiliate links or links to sites with affiliate links,
No redirect pages
No testimonies from people who haven’t used the forex robot mentioned in their answer.
I already know where some of the more well known forex robots are found and a search engine can probably find me the rest. As a result of these rules, there is no reason for anyone to give a glowing testimony they would usually use to sell the robot, since said people aren’t allowed to use affiliate links and hence can’t earn commission from a sale. If you need to put a link to the forex robot‘s main web page, use the actual page’s address instead of one with your affiliate link in it. And don’t put the link to the page in a redirect link (such as Tiny URL.com) because that can be used to hide an affiliate link.
The third rule also applies to people who haven’t used forex robots because they think they are scams. I would prefer answers from people that have genuinely used a robot and can share their real experiences with it.
So that is my question. I say thank you to everyone who decides to answer my question.
http://bizsolbiz.com
i hope that resolve your problem.
It didn’t! It’s a search engine.
http://bizsolbiz.com
i hope that resolve your problem.
– Unfortunately it didn’t help me! It appears to be a search engine and the only info on Forex I found was one paragraph with no link to products or more info.
@Gobbler
– Like I said in my question, I would prefer a negative answer from someone who has actually had a bad experience with forex robots. The reason for this is that you, for example, might say that forex robots are scams when in reality, they are actually real money makers. And because someone like you scared me off with a negative opinion, I never get to utilise this income opportunity. I agree that there are scams that are labelled as legitimate income opportunuites, but on the other hand, the same logic holds that there are legitimate income opportunuites that might get labelled as scams.
no robots trading .honestly they dont work.
my advise is use any auto trading strategy.now a days forex yard started auto trading strategy by proffessionals. u can find here more use full info about it
http://forexplatformslist.com
– Thank you for that. Have you personally used a forex robot? As for forex yard, your link was a bit unclear as to what it actually involves. I know that forex robots interact with your forex account to buy and sell forex for you at a profit. How does forex yard do automatic trading though? Could you please provide me with more info in this regard?
@Advisor
Thank you for your answer. Unfortunately, the website you linked to has an affiliate link (most likely yours) to the product’s page. I clearly said, “No Affiliate links or links to sites with affiliate links”, which you have done in your answer.
You are correct, I am a careful person. That is why I now have serious concerns about the quality of your answer. Not eligible for Best Answer award!
@Livermore
The best recommendation I can give you is this one: Forget Forex Robots. They are useless.
– Do you say that forex robots are useless because you have used some and they didn’t work or because you have made an assumption? Please provide evidence that they are useless. That goes for Jack as well.
Just some more comments for Julie:
Paragraph 1:
– You do have a point there.
2: That’s why I made the “No affiliate links” rule. That way, their lies won’t earn them a commission. In fact, I just dismissed one answer here because they put an affiliate link in their answer. There is no way I am going to trust their answer, even if the affiliate link is removed.
3: That might be correct as well. In their defense though, it is common knowledge that you should test the forex robot on a demo account before you invest real money into it. Hence, the people who use the robot should have more than enough warning that it doesn’t work before they start bragging about their sucesses.
4: Could just be a marketing technique. They go to any measure to convince people that their product is the best, even if it means lying about their competitors.
5: That’s why this question exists, to get that proof. Furthermore, can you please share the details for the forex robots you HAVE tried in the past?
kenspong answers:
The best recommendation I can give you is this one: Forget Forex Robots. They are useless. If you want to make money in Forex, work on it and develop your own trading system.
William asks…
What are the best forex automated signals available ?
Im very interested in getting a Forex automatic system to trade for me.
I have heard great things about forex robots,but i have no experience with them.
Would you recommend any of them?
Thanks
kenspong answers:
There is NO forex signal company that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich. Here is a good read about forex signal company: http://www.forex.labuan.net/forex-signal.html
A Forex trader needs to learn and master the necessary skills to be successful in forex trading.
Powered by Yahoo! Answers
This particular is certainly probably the greatest powerful weblogs Ive go through in a very long time. The quality of particulars in here’s fantastic, such as you essentially authored the book on the topic. Your blog is great for everybody who would like to be familiar with this unique subject more. Awesome information; please keep it up!
Just wanted to give you a shout from the valley of the sun, great information. Much appreciated.
Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this post to him. Fairly certain he will have a good read. Many thanks for sharing!
i love your blog, i have it in my rss reader and always like new things coming up from it.
If you wrote an artcile about life we’d all reach enlightenment.