Hi, I would like to have relevant information about trading Forex for a newbie, especially the trading robot.?

Question

I am really new to Forex and would like to know if it's really as profitable as people say it is. How do I also get the robor trader that allows me trade even when I'm working.

Answer 1

Like one of the previous guys that answered before me, there is still a risk of losing money with auto forex traders. Forex Tracer is considered one of the best ones on the market. I've been really thinking about checking it out for myself. For more info check out the link.  

Answer 2

EA's (Robots) work well for the experianced trader. They can be a disaster for the new trader.

96% of all new FX traders quit or lose their accounts in the first 3 months.  Only a handfull are still around at the end of a year.

The brokers imply that there's riches awaiting you. If this was so easy..... esp. with a ROBOT.... everyone would be an FX trader.

I'm not suggesting you shouldn't do this.... but take a couple of years to learn it.  It might be better for you to learn swing trading with stocks. But that too will take 1-3 years to be really good (90% failure rate)...................................

Answer 3

Did you know that while you have been trading forex from your home computer, you could have been having a robot do the same exact thing for you? Yes that's right I said a robot but the proper term for them is called an 'Expert Adviser' (EA). These expert advisers are developed to be run within your MetaTrader 4 software which enables them to make trades for you on complete autopilot!

This is where it starts to get good for you. You see, the forex markets are open 24 hours a day Monday through Friday. This gives many people the chance to trade at any time of the day that they have the chance to. While this may be convenient for most, it doesn't leave that much time for someone to make the most money possible while forex trading. This is where the 'Expert Adviser' (EA) comes into play.

When you use an 'Expert Adviser' (EA) you are able to leave your forex trading software alone and running on complete autopilot. This will let you handle any business you need to attend to throughout the day while you know that you have a robot working for you making you money. It feels good knowing that you can do what you want during the day and you are making money without having to lift a finger.

If you want to get serious with forex trading (there is no reason why you shouldn't), you should look into getting yourself an expert adviser. There are so many to choose from that you will certainly find one that suits your needs!

...I am an experienced forex trader who now uses an Expert Adviser called: "Forex Killer" to make my trades on complete autopilot. It has increased my profits dramatically and I recommend you read my review on The 'Forex Killer' Here: http://www.urlpire.com/?MALFY  

Answer 4

I used a robot called "Forex Autopilot" when I was starting out.

This came with a bunch of really helpful information to help me get using the system and trading Forex quickly.

Although there's tons of scams out there, which you have to be careful of, I used this review to find it - http://www.fxsystemscompared.com/rev_for...

Hope it helps!

Answer 5

All are looking for forex trading softwares ,Robots stops trading loss and proceeds in profits But Don't expect Get rich Quick ,Rome is not Built in one Day ,If you are greedy in forex You will loss ,Slow and consistent in forex trading this automated softwares helps you in better.

These are Best top trading Robo's

forex tracer

This software is very popular So many of them using ,Only disadvantage abt this software ,This software only works on meta trader4 platform ,Cost 97$

http://newforextracer.blogspot.com

Silicon Forex

Forex silicon is also Automated Robo ,This also works on meta trader4 platform

cost 97$

http://forexsilicon.blogspot.com

Forex brotherHood

Forex bortherhood is borther for all Robo's ,it gives expert Advisories ,Daily news ,Club,Bonuses,softwares,You will like this.But This product is little expensive, cost 249$

http://newforexbrotherhood.blogspot.com

Answer 6

Download this free software which contain free learning sources and free trading tools:

http://www.voocash.com

Good Luck!

Answer 7

You can start by visiting free websites like http://www.freeforexebook.org/ to learn some of the basics about Forex.

To find a good Robot, you can use a reviews website to compare the different products and find the best one.

Answer 8

I haven't tried using automated trading methods. Here's an article I found off the internet that might help--

http://homeruntrades.blogspot.com/2008/0...

Good luck!

Answer 9

Initially I was very very skeptical about all these forex trading robots.  I couldn't stand the idea that after spending so much time learning the forex trade, I was on level ground with the absolute new comer to forex trading.

However, after I tried a few out, I admit that they are useful and do give some profits on autopilot.  

But I was able to use them as an experienced trader and not a new comer.  So while I think these robots can make money on autopilot and in a very easy way, but for someone new, you may make mistakes that could end up making losses.