I heard that a new robot has just been released (RCTPA driven Forex Megadroid). There are quite many robots on the market. What is a Forex robot anyway? Which one is working? I have heard many good things about Forex auto pilot turbo. I would like to know which one is the most reliable. Thank you.

First, you should know that Forex is not that easy. Do not believe those who may say it is!

Now, there are some good robots that MAY help you. Some are scam. Others are for real.

Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

For this automatic approach, forex auto pilot turbo has worked wonders for me: http://www.forexapt.com/. It offers, among other features, high spread protection system and automated risk scaling. They say "95% winner". Well, only the bottom line counts. In this regard, it has really delivered for me.

I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months - a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

Good trading!

Mark

hi! have you tried fap turbo?
i want to know if its working,
and what is the minimum amount i have to give them?
thanks

FAPTurbo is legit, its not a scam, there are quite a few automatic trading robots like this one around. I use it myself actually.

You don't actually give 'fapturbo' anything apart from purchasing their product.
What happens is this... fapturbo is just the program that automatically takes trades for you. What you have to do is sign up with a forex broker I recommend GoMarkets or Alpari-

http://www.gomarkets.com

http://www.alpari-idc.com

Open a demo account first (highly recommended and of course its free) before opening a live account so you can test the product first, don't jump into the water until you can swim.
You download the program MetaTrader 4 from them (they will give you a download link when you sign up)
Purchase fapturbo and then follow the instructions in the fapturbo guide to install it into the MetaTrader program... then just sit back and relax while it does everything for you, just check it every once in a while to see how well its doing, test it for at least 30 days to get a good overall result because obviously nothing is perfect... if its making good profits then open a live account with real money and start earning straight away, otherwise if it doesn't work for you (which isn't likely) just refund it, easy as that.

=)

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http://www.ForexAutopilotRobot.com - BEST Forex Trading Software, Performance Wise The forex software and service industry has literally exploded in the last few months and there is a lot of junk being thrown out at consumers to see who falls for it. Therefore, the task of assessing which forex software works best can be a daunting one. The problem with most forex software, particularly those within the "expert advisor" category, is that they simply do not adapt to market conditions well enough to handle sudden and unpredictable movements caused by external factors. It is a fact that the markets, whether stock or forex, behave according to certain patterns that tend to repeat themselves over time thus making it possible to somewhat predict what is going to happen next, being this the science -if you will- behind the numerous forex software available. However, these patterns are not constant, they evolve, and this demands that traders do the same or at least use a strategy suitable for any market condition. Most forex software do not have the ability to evolve, nor they have a trading strategy capable of facing an ever changing market. This is why you often see great results in back tests, but when you go ahead and download and use many forex software -each one claiming to be the best- you find yourself wiping out your equity in a matter of days, because the fact of the matter is that what worked in the past will not necessarily work today or tomorrow. Therefore, in order to make sure you are getting the best forex software based on performance, you must look for alternatives that have been proven to work not only in the past, but in the present time. This will tell you that they are adaptable enough to make them profitable today and tomorrow. Very few forex software and services have dared to take the step of showing how they work in live trading accounts that show the performance of the software on a daily basis, because doing this obviously poses a great risk for the developers, who would have the inadequacy of their product openly exposed in case that the results are not what people expect. Therefore, the best forex software definitely have to be the ones capable of showing real live results and not only back tests, because the quality of these products can only be measured by their performance. Find out which ones are the best forex software based on performance at the Forex Edition of the Online Business Review. BEST Forex Trading Software, Performance Wise

Performance Wise

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Before I made my first trip abroad ten years back, I determined to book mark a website with a world currency converter so I would know what quantity of cash I had in English pounds, since I was travelling to Britain. The world currency converter turned out to be really helpful for the trip, because I was able to take a look at the cash I had and figure out how far it might go in the U.K.

That way, I could make out a budget to follow while I was in Britain so I wouldn't have that humiliating and frightening moment where I realized I had run straight out of money. I made 2 journeys to Britain in the span of 3 years, and on both occasions I made very sure I utilised the world currency converter to work out my projected costs.

The wonderful thing for me was how exactingly I was able to manage the trip thanks to the converter. I travelled to France and Germany over the following one or two years, and utilized the world currency converter to work out what I might need while I was in both nations and plan in an appropriate way. There had been just something comforting about knowing what you might and couldn't spend every day so as to meet your costs while on holiday. It helped me to chill and experience the sights. I've used the world currency converter many times for travel, however it has been demonstrated to be handy in alternative ways, also. As an example, I'd frequently find that, when reading news items or feature articles, I might find financial amounts in foreign currency that actually made tiny impression on me because I didn't know how much they meant re U.S. Bucks . It was no problem nevertheless, because I'd simply glance at the world currency converter and work out how much they were talking about. It helped me to totally grasp those stories more. On another occasion, my sister had to do a project for varsity where she had to form a portfolio, and wanted to know reasonable amounts of certain foreign currencies to propose to purchase. I make sure she knows about the world currency converter, and she told me it made the project a ton less complicated for her. On another occasion, some chums I had met in England were coming to go to me in the US, and they weren't sure what quantity of money they might need. I e-mailed them the site with the world currency converter on it, and the difficulty was answered.

A world currency converter is a helpful tool to have. It might not be something you need all of the time, but you'll possibly finish up using it more than you suspect.

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Hi, I'm considering getting one of these to start off my forex trading. I just want to know which is better, Many say megadroid because of all the back testing but im not sure. I'm going to start off with $1k than see if it can double it within a month.
I've neever done well with online businesses especially selling things. That's why I just want to trade currency on forex. I figure I'm either going to make money or lose my money but either is better than not doing anything.

I would recommend not getting either of them. 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.

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.

It is advertised by a lot of "scammy" people as part of spam solicitations. So i would avoid it. I don't think it is reliable..

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