As the years go by, Forex Market trading has become more and more automated. Maybe you've noticed the many Forex Robots on the market these days. I sometimes grow weary of all the claims I get in my email inbox proclaiming the latest Forex Robot that will put you on easy street.

Although there are quite a few Forex Scams out there, I found through searching the Internet, in Forum discussions, and in technical journals some pretty convincing evidence that not all Forex Robots are created equal. There are a few Forex Robots that are proving themselves trading in the currency market and creating an impressive percentage of wins to losses.

The things that stood out to me about these effective Robots was the fact that they had all been rigorously back-traded, the longest was back-tested for 9 years and made over 9000 trades. They were also tested in live trading with some of them producing 85 to 100 % wins! Since the Forex Robot is fully automated, it can trade for you 24/7.

The key to winning long term with a Forex Robot is to make a small gain everyday. Your goal is to steadily increase your profits for excellent long term gains. Make sure you do your homework when you're looking for a Forex Robot. It should be technically easy to use and monitor and be backed by a group of professional traders who will be there for you 24/7 if you have any technical questions.

An effective Forex Robot can greatly enhance anyone's trading profitability, and bring about long term profitability.

A Forex robots success or failure is dependent on the algorithm or rules, it uses for making trading signals. By looking at the rules, you can see which ones are likely to make money, here are some simple tips to find the best. Every Forex robot you see promoted claims to make money but the simple fact is most don't and will wipe your equity out. Why? Because the rules they use to trade are based on unsound logic. The first points to keep in mind are these.

Forget sophisticated mathematical formulas, to predict prices - they don't work and never will. Forex markets don't move to mathematics they move to the odds so complex theories lead to losses furthermore, there is no system that can predict the future. Ignore any system that claims it is predictive and move onto the next one. Generally the fewer the rules the trading system contains the better. So don't think simple systems don't work they do, as they are very robust and a system that's to complicated will simply break.

Now let's look at some other ways to spot good Forex Robot.

Does the system have an independent track record or is it simply a back test? If it is a simulated back test, then all this means is that the vendor has bent his rules to fit historical data to make a profit. These fail miserably in real time as you can't bend going forward.

Is it short term trading system? If it is avoid it. It won't work because all short term movements are random and no day trading or scalping system will make money.

Check that all Markets are traded with Same Rules? If there not and you have unique rules for different markets and conditions, chances are it's a bent to fit system, that has simulated track record and should be avoided.

A simple Forex Robot can be the best robot and it should trade ALL markets in the same way and trade them long term. Most Forex robots you see claim to be mathematical, predictive and complicated which is not a good sign! Stick to the ones that have a real time track record to back up what they claim and never trust a back tested simulation. Look around and you will find the right automated Forex robot which can lead you to long term success.

In today's competitive world, it seems almost impossible to wade through the hype and aggressive sales pitches when we start looking for products and services to purchase that we hope will enhance our lifestyles. It's no different in the world of Automated Forex Robots. If you're like me, you probably get at least one advertisement a day in your email inbox promoting the next "million dollar" Forex software.

If you're thinking about trading the Forex market and you've been looking around for a way to automate at least part of the process, you may be wondering how to tell if an advertised Forex Robot will help you trade profitably or not. Not all Forex Robots are created equal. Many of these Forex Robots are down right scams.

Before you jump in and buy the latest Forex Robot, here are a few things you'll want to look for in a Robot that will trade profitably for you.

  1. Make sure the robot you are looking at is designed and backed by professional traders.
  2. Look for an automated system that is relatively easy to understand and has good tutorials.
  3. Choose from Web-based or desktop based software. If you're on the road a lot, and you're using a computer that is not your own, you'll want to choose a Web-based system.
  4. A good Forex Trading Robot should come with a Demo account so you can familiarize yourself with the trading process before making any real trades.
  5. The Company you buy from should offer you 24/7 support.
  6. Always check what kind of security comes with the software. To prevent access to hackers it should include 128-bit SSL encryption.
  7. Ensure that the Forex Robot you are buying has at least a 60 day Guarantee.
That way you'll have some time to test out the Robot and see if it is right for you.

The Forex market is HUGE. The opportunities for the novice to trade profitably have never been better. With an effective Forex Robot automating the trading process, the chances of creating a decent monthly income overtime is greatly increased.

When choosing a Forex Robot, there is one point you should check to see if it is likely to make gains and if you do you will get rid of the vast majority of Forex robots that lose money.

What you need to do is look at the track record and see if it's real and it's a fact that most Forex Robots do not have a real track record of gains. All they have is a back tested, simulated track record over historical data. This means they can buy and sell where they want to (and they do) and make a profit!

Of course in the real world going forward, you don't know the closing price in advance and these Forex robots lose money quickly. There are some robots that put out (what they claim) are real results but these should be treated with extreme caution, as there never independently audited.

Of course, the only way the automated system traders can come up with track records that beat the world's best fund managers for $100 is to make them up. It's pretty obvious that if you could pay a couple of hundred dollars and double your money each month, there would be no credit crunch, as the whole world would be trading and making a fortune!

There are some automated Forex trading systems that make money but they are a minority. They do have good solid track records and don't make the ridiculous claims that the Forex Robot vendors do and these systems are a good choice. Take a look at them and you will find some good ones with real, solid long term track records.





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