In today's world all of our lives are being enhanced due to the rapid development of hardware and software. The Forex markets are witnessing the same phenomena with an ever increasing quantity of trades being undertaken by automatic forex trading systems or Forex Robots. Unlike the stock markets, the forex is seeing a noteworthy increase in the use of automated trading systems by the individual investor. This is primarily due to the fact it is significantly easier to program a profitable forex trading system than it is to program a money-making stock trading system. Today there are numerous commercial Forex Robots in the markets. As long as you purchase a top tier system you will be acquiring a software package that has been tried and tested to produce gains reliably. The systems are relatively inexpensive usually running in the range of one hundred US dollars. Taken into consideration the amount of profits they are able to generate, one could easily state they are one of the true values sold anywhere regardless of the product.

Forex Robots have many benefits, some of the benefits are explain below:

1. With forex robot, you are not required to do the actual trading yourself which means you are not putting in a great deal of time and are not chained to your computer. This is a huge benefit for many and for most people interested in forex, it is top on their list of benefits. And, for the forex trader who enjoys being tied to the computer trading, it also means he is able to trade through one systems and also be able to trade at the same time trade with a second or third account using an automated platform. But, for those not interested in the
   daily grind of trading, they can take care of their primary business and still enjoy forex profits.
2. Forex robot allow your trades to be made at any time of the day or night, regardless of your presence. With a manual trading platform, some of the profitable trades will be missed when the trader is not able to be at the computer. The nature of automatic trading overcomes this problem and allows profitable trades to take place without any human intervention.
3. You also have the option of taking advantage of multiple forex strategies and different systems when you are running your forex trading on auto-pilot. You can trade through many systems with the same automated trading provider or you can choose to operate with more than one provider. Because different systems are designed to be triggered by different indicators, and emphasize different currency pairs, trading through more than one forex robot allows you to diversify your investment, and your risk, and with virtually no additional work on your part.
4. Using forex robot eliminates all human emotion that can often interfere with proper and profitable trading decisions. The robot will make sound trading decisions based on a set of rules and indicators that have proven themselves overtime.
5. You are able to make trades that would be impossible for one person to be able to keep up with. An individual is only capable of monitoring a few currency pairs at a time, but utilizing an automated system allows you to multiply the number of pairs you can follow and trades you can execute, because it is the sophisticated software that is doing it all for you.

Now, we have to ask ourselves, what does a good forex robot look like? With all the new automated forex trading systems popping up on the internet it leaves us with many choices and the question which ones actually work and which ones are complete junk. There are plenty of forex systems and robots to choose from, it's just a matter of knowing what to look for. A good forex robot is based on 2 Solid Foundations:

1. Must have a success rate of 60% or higher and the system will have the ability to adjust stop losses and targets accordingly to hit it's profit targets. A good forex robot should be built around just a few currencies rather than trying to cater to all major currencies. The reason being, each currency tends to have it's own predictable ranges and movement. It's almost impossible for a forex robot to be able to cater to each currency, therefore the ones that stick to just a few tend to be the most successful.
2. Must uses sound money management and never over trades. Though it's good to find systems with a 60% success rate or higher, ultimately proper money management will allow you to maintain consistent returns even if you lose the majority of your trades. How is this possible? Using a risk to reward ration of 3:1 or better. Meaning, if you win 3x the amount you lose, than you can be wrong 40% of the time and still come out a profitable trader in the end.

The next crucial step in the purchasing process is to choose the best forex robot for you. Becoming successful in the forex market has much to do with making the right choice of automated software. You must use the right tool for the job. Do not choose a system that uses the "all or nothing" trading strategy. While there are huge gains to be made using this strategy, there are also huge risks. And this really is an exercise in futility if you make a fortune one day and loss it all (and more), on the next day.

Below are some tips for Choosing The Right Forex Robot that will allow you to backtest your Forex Trading Strategies:

1. You should figure out which type of trading suits you best, discretionary or systems based trading. It could be argued that all techniques can ultimately be considered discretionary so for the sake of this article. Systems trading is defined as any trading style that involves creating computer programs to generate completely automated trading signals. If you are taking trading signals based on visual cues off a chart, then that is discretionary trading. This is important because the forex back testing software you buy must have the capability to test accordingly. If you are a systems trader, the back testing software must give you the ability to write programs and test the system without human intervention. Many times these software packages have their own proprietary programming languages that are easy to learn and implement. Just be sure that the programming language is powerful enough to do what you need it to do. If you are more of a discretionary trader, the forex back testing software needs to have the ability to step through price action candle by candle and place trades manually. This will allow you to see price action unfold just as if you were sitting at your computer and trading live. It is helpful to be able to place and erase trades just by stepping forwards and backwards through the charts.
2. Make sure that the indicators you use in your trading technique are in the software or can be easily added. There is nothing more disappointing than buying a piece of back testing software only to find out that you can't do a proper test because one of your key indicators is missing. The forex back testing software you use should have a wide range of frequently used technical indicators. For the more popular software packages, you can usually get indicators online for free by visiting various forex blogs and forums.
3. It is very helpful if the forex back testing software gives you the ability to save your testing results for later examination. This allows you to go back and review your trades to find out how you can improve your trading results. Some software packages allow you to export your data to a spreadsheet for more detailed analysis.
4. Be sure that you get historical data that is compatible with your software. There are different data formats and certain software packages can only use certain data formats. Check to see that the data you are planning to buy is compatible with the software package you are looking at. Many times you can download a free trial version of the software to test the compatibility of the data. You can buy data from a variety of providers but there are also several great free sources of historical data out there so I would suggest that you try them first. It all depends on your budget. If you subscribe to an online software service, they are usually more expensive but they include historical data for your back testing. If you go with a cheaper software solution, you usually have to use your own data.
5. Find out if they have a support phone number or email you can use to contact them in case you have questions or issues with the software. Test them out before you purchase the software to see what kind of service you will be getting.

So there they are; tips for Choosing The Right Forex Robot.

Also follow the Guidelines below in your Purchasing Process when you have decided which software you want:

1. Check the payment processor. First and foremost this will tell you if it is a scam. If the company that the software publisher uses to process you transaction is a reputable provider with a checkable history then you are safe in that respect. Decent processors cannot afford to have scammers use their services. Anything that is sold through Clickbank is reliable and is covered by their 8-week guarantee period.


2. Check their results. Always search out and ask for bona fide trading results from the software publisher. Account screen shots and jpegs of entry and exit points of successful trades are useful. Better still look for videos of the actual software in action preferably used with the Metatrader 4 platform in real time. Note the real time price movements as although not impossible will be difficult to fake.


3. Check out user comments. As well as the testimonials on the products sales page also check out user feedback from independent sources.


4. Check out the price. With so much competition in this market recently the price of forex trading software has been driven down. It is still possible to pay thousands of dollars for a program but most of the packages in the $100 price region work just as well.


5. Check out the usability. Check the products specifications and its changeable settings. Even though a decent piece of software will have default setting that you can opt for and leave on, you ought to be able to change a fair amount of them as you wish. You will also want to use your own settings as you mature as a trader and develop your own style.

Having the best forex robot takes the pain out of forex trading. You are only human after all and so are subject to the emotional rollercoaster that goes hand in hand with playing the markets. The good ones are not hard to find and sometimes can be right under your nose. There are plenty of great information on the internet. Visit forums and other forex trading websites to see what people are saying about the different solutions that are available. Make sure do your research.

Visit my website The Best Forex Robots Review to see which Forex Robot is right for you. Good Luck!

If you're new to forex, it's hard to escape the fever that is forex robot. It has quickly become one of the biggest crazes in the trading world.
For people that don't know or understand what forex robots are, they are an automated charting platform that buys and sells in the forex market. This is done based off a parameters that developers set up in the memory of the robot.
For example, many traders have their own personal favorite trading system. It could be based on indicators, price action, or some other trading method.
Obviously, in normal circumstances, traders would have to stay alert and follow the market on their computer or trading platform to see if the certain trading conditions matched the parameters set by their trading system.
These forex robots are automated. Your computer does everything for you, like you were doing everything yourself. With one exception, the robots know when it is a good time to buy and sell a trade. This is done by on parameters that were predetermined by the person who developed the robots.
If you're used to traditional trading methods, it may seem strange to allow a computer to do all the work. But using automated systems has allowed many traders to do the trading they need to succeed while still spending time with their friends and families.
People really never think of a trading forex as profession that takes up a lot of time, they are totally wrong. This is a 24 hour a day job, this can take up a lot of your time.
With these robots, you have more freedom and that is what real traders wish they had.with the same system, you have essentially outsourced all the screen time to an exact duplicate trader, and, since these automated trading systems are essentially trading in the same manner.
The majority of the forex robots being sold can be used on a basic metatrader chart. Don't worry its free. There are a ton of brokers on which you can get a demo of the software.
Once you have a forex robot uploaded to your Metatrader chars, all you have to do is turn it on, and it will start analyzing the markets and make trades for you, whenever the parameters are ready.
With so many different forex robots available in the marketplace, it can be hard to chose the right one. Some have shown great success in short term and long term trades, and then there are some that don't have very good trade records.

Get the right Forex Robot.

If you are in the world of forex trading, you cannot resist to become part of the wave of the future. Get a cutting edge in the trading industry and don't be left behind in the dust. Forex robot are simply trading systems that trade independently according to the rules that a developer has provided.
For example, many traders have their own personal favorite trading system. It could be based on indicators, price action, or some other trading method. In regular circumstances, a real trader would have to constantly monitor their computer or where they do their trading to make sure that all their trades met the conditions that were created in their trading system.
With forex robots, everything becomes automated. The computer does all the work for you, just as if you were following along all the charts. The only difference is that the forex robot will automatically know when to open and close a trade based on parameters set forth by the developer of the forex robot.
You may feel like this is kind of strange, if you are a traditionalist, letting the computer do all the work for you while you just sit there, But tons of people have let the computer trading system do all the work. And not only have they made a lot of money, but they also have a lot more time to do whatever they want to do.
People really never think of a trading forex as profession that takes up a lot of time, they are totally wrong. This is a 24 hour a day job, this can take up a lot of your time. With these robot, you have more freedom and that is what real traders wish they had. Since the computer is doing the same job as a human trader and the computer is using the same system as a real trader, you have created a computer trader and given a computer a job.
The majority of the forex robot being sold can be used on a basic metatrader chart. Don't worry its free. There are a ton of brokers on which you can get a demo of the software. Once you have a forex robot uploaded to your Metatrader chars, all you have to do is turn it on, and it will start analyzing the markets and make trades for you, whenever the parameters are ready.
With so many different forex robots available in the marketplace, it can be hard to chose the right one. Some have shown great success in short term and long term trades, and then there are some that don't have very good trade records.

Keep reading on how to choose the best Forex Robot.

If you want to buy an automated forex robot software you have a lot of choice but the fact is most are junk with made up simulated paper track records. There are a few good ones out there and this article will help you find the best forex robots. Here are some tips to help you find a forex robot that works.
DON'T Buy Simulations!
Most forex robots are rubbish and claim to be able to make big money but you look at the risk warning on the track record and see the words in "hindsight" and "simulated" Of course, this is easy and anyone can make up a track record knowing all the facts. You have to think to yourself if the robot works, why hasn't the vendor traded it? By discounting all the forex robot which don't have long term results in real time, you are getting rid of well over 90% of them.
Get REAL TIME Results!
Now lets look at what you need to look for to find a good one. You won't be surprised that the first thing to look for is a real track record over several years that has been independently evaluated. Of course past results never indicate future profits - but it gives you confidence in the system and at least the logic is soundly based.
Understand The SYSTEM!
If you want to follow a system (even if it's made money in the past) you need to how it generates its trading signals, so you can have confidence in it. If you don't have confidence, you will never be able to execute the signals as their generated and if you don't do this, you don't have a system at all! So unless the logic is revealed to you and you agree with it, don't trade the system.
Be REALISTIC!
The automated robot with the fake track records say you can make a 100k a year and trade with $100 but this is fantasy, not reality. In the real world, this is what you should expect from the best forex trading systems:

1. Gains of between 30 - 100% per annum.
2. Losing Periods of a few weeks to a few months.
3. Losses of between 20 - 50% of your equity at some point.
   

If you are trading a system then stick with it and judge it over a 2 year period.
Short term performance means nothing and all systems will have a losing streak, it's the long term that counts. If you get the right system, you can make the cost of it back many times over and you have a tool which will in 30 minutes a day give you a fantastic second income.
Take your time and shop around and you will find an automated forex robot that's just right for you in terms of risk to reward and you are then all set, to enjoy long term currency trading success with it.

Choose the best Forex Robot.