Forex robots are making waves.  They are believed to have provided numerous benefits to traders who are taking advantage of their support capabilities.  Why are Forex robots successful?  Forex robots are also known as Expert Advisors or EA.  They do live up to their name since they are said to have helped in the $3 trillion market turnover everyday in the Forex market. 

As an expert advisor, Forex robots provide advice and information about when to buy, sell and close a deal.  The expert advisor interprets and identify the trading signals that they are able get from analyzing the Forex market. 

What do they do?

• Forex robots provides indicators when a trader would enter or exit a deal.  Some traders would like to be notified first before the robot enters a deal and the trader would manually enter the deal or exit from it.  But the EA could be programmed so that it could automatically enter a transaction.  The trader is also responsible in providing the stricture from where certain trade information and signals would be determined.

• Aside from entering or exiting a transaction, the Forex robot can also be programmed to perform trade tasks like buying or selling.

• Fore robots can apply your money management strategy to their program and incorporate it in the trades that they do.  Money management is all about determining how much you are willing to buy and sell, or the risk factor involved in trading.  Some traders would not include money management and would go for a free strategy.  But this could be a costly mistake, so it is better to make sure that the Forex robot already has money management  or you could input algorithms in the system to integrate your own management style.

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Hi, I have purchase Forex Megadroid recently but it's not placing any trade for me. What seem to be the problem? I'm staying in Malaysia and using IBFX MetaTrader 4. What GMToffset should I set?

Post this question in the EA section of the Babypips.com website.

You'll get a much better response there.

I was looking at two things, one seems to be a trading system on autopilot, the other a robot. I still don't know the difference... sorry newbie here

One is

http://warrenforren.org/2009/01/17/forex-ambush/

the other is:

http://warrenforren.org/2009/01/17/3/

I am nervous about a robot doing anything with my money. Thoughts?

tommyfourth, A great forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Maybe this blog can help. http://www.whatisforextrading.com/blog/ Remember, no trading will be fool proof, so be cautios about the claims some trading systems make.

with all the scam robots arn its hard to believe all the owners claims.
it wud bi grt if u cud share ur experience with fap turbo...THX loads
www.fapturbo.com

This isn't a serious question is it? None of these "robots" work or don't you think everyone would have one? Did you stay up late one night and catch an infommercial about a guy who made 120k in a day? Pick up a book and learn because you won't be kicking your legs up on a stool with an Cuesta Rey Centro Fino cigar in your mouth with some Petit Cabernet Sauvignon with these so called "money" machines making millions.

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I am looking for that robot for forex and i would like to know witch is best pipturbo or metadroid ,or fap turbo ?

Both are useless. There is NO forex signal company or forex system that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich just by using the same system.

A Forex trader needs to learn and master the necessary skills to be successful in forex trading.

I have looked at a few - Fap Turbo, L.M.T Forex, Forex Megadroid, Forex Ambush 2.0, Forex Gridbot, Forex Automoney and Forex Tracer. Its all a bit confusing and need some advice from anyone who has used any of these EA's or are a member of a Forex club.

The forex market is highly risky and there a lot of suspicious offers been made. If a robot can guarantee you just 20% a month than in less than three years a $1000 dollar investment can turn into half a million dollars. When it sounds too good to be true it probably is. The only way to make money in the forex market is to put in the hours to learn about the market and experience trading as much as possible.