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Forex Trading Software Review

PostDateIcon November 14th, 2009

Foreign Currency Trading

Before now, the Forex market had restrictions on its members, mainly being banks and large businesses, however this extremely liquid market is now open to people with various amounts of capital. Improvements in technology have been part of the reason for this opening to other people, that and margin requirements now being smaller. As there has been and continues to be a huge influx of members into the Forex market, the number of products for trading available grows too, which makes the job of purchasing one even more difficult. You must be sure to do as much research as you can until you find products that are worthwhile, for instance a product like Forex Infinity Pro, which has had great reviews and should really give you the start needed in Forex. It is always advisable that you read an indepth Forex Infinity review before purchasing.

You may find a lot is similar when trading in the Forex Market but you will also find that there is a lot of extra features relevant to the Forex market. Firstly, it is so different because you are buying one currency whilst selling another so having to focus on two things at once instead of only one.This means that as one currency falls and the other rises as short selling ban will not happen.

There is a lot to learn about when trading in the Forex market, for instance knowing all about currency pairs is important. Knowing which are the most popular currencies is very important for traders as well as the fact that they are always compared to the US Dollar. There are six other strong currencies as well as the US Dollar, those being the Euro, the GBP, the Yen, Canadian Dollar, the Australian Dollar and the Swiss Franc. The most popular currency pair that is traded is by far the EUR/USD. As there is a lot of important information provided in the trading manuals that come with the Forex Infinity Pro software, it really should be read thouroughly.

You should also take time to understand what leverage is all about. You should learn that leverage is the process of borrowing money in order to enter a trade which has a bigger position so that you are more likely to gain a larger profit. You should always try to choose your leverage wisely, so when you are first starting out, it is best to start off low and this is what most respectable trading software packages like Forex Infinity Pro will instruct you to do as well.

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Why I like Robominer
In the Forex marketplace, almost every week we see the release of some new trading system or Expert Advisor (an EA is an automated forex trading robot). Some of them work while most of them don't. However there is one EA that has been constantly making profits over the last year, generating over 86,908.00 pips in profit, and generated a 314% return in just 12 months, according to company figures.

This system that only a few seem to know about is RoboMiner. The RoboMiner EA is a long term investment system that pumps daily small profits into your account, it always closes trades with a profit. That's right, you will never have any trades close with a loss.

The RoboMiner EA uses a proven grid trading system that is so safe, it's as if your money is in you IRA account. This system generates a minimum 6-10 % return monthly, with compounding that's 100% return a year.

Let's do the maths here. If you invest $2,000 today, in 9 years from now that will turn into $1,000,000 minimum. Where else can you find such a safe investment that will give you this kind of return?

Best of all you can download a free demo of this EA, test it for as long as you want and see for yourself how it performs.

So go ahead and try the RoboMiner EA today. Click here to download a FREE copy of RoboMiner. You will never have any trades close with a loss.
What Are The Best Forex Robots?
Watch out. The only thing that some "autopilot" forex software products will do for you is... analyze the market. Sure, that's great because when a computer does all the analytical work for you, you don't have to sit in front of a screen looking at charts and candlesticks for hours on end.

But a ROBOT program goes much further.

Forex robots will actually DO THE TRADING for you, as well as the analysis work. A well-written Expert Advisor (EA) will buy at the right time and sell at the right time. It's the ultimate in hands-free currency trading... as long as it's a well-programmed forex robot.

So what are the best forex trading robots available today? I've tried several but only identified one I am happy with at this point... RoboMiner. It primarily works with the AUD/NZD currency pair and is programmed to only trade when you will make a profit. It takes profit when a trade has reached a 1.5% profit.

Why I don't like these EA's

PipsMiner. I first used the wrong settings and as a result lost money. Then I corrected my mistake and entered their recommended settings but still lost money with PipsMiner SE version. Here endeth my very brief PipsMiner user review.

Forex Megadroid. I was running the default settings in demo mode and it didnt turn a profit for me, so I got a refund from ClickBank. That's the nice thing about buying through ClickBank. Although the site promises world class support, it fell far short of that in my experience.

ForexBling. Support was inadequate. I had several questions about setup, but they were answered in just a few words when my questions really needed more info. Even the brief answers did not address my actual questions in some cases.
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