An Impressive Forex Robot
August 7th, 2009
This week I’ve been super-impressed with a piece of software that automates your involvement with the forex market.
Let me explain, starting with a few comments for beginners…
Forex, or FX for short, is the foreign exchange market where currency is bought and sold 24 hours a day for 5 days of the week (not the weekend).
The forex market is reportedly bigger than all the world’s stock exchanges and commodities markets COMBINED. Funds are constantly changing hands and if you can buy a “lot” of a particular currency and then sell it at a lower price, you can make a profit.
Of course, if you sell at a higher price, you make a loss.
Yep, it sounded RISKY to me too
…UNTIL the other day when I ran across SOFTWARE that manages the DECISION-MAKING process.
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THE SOFTWARE was created by two chaps who have a combined 38 years of experience trading in the forex market. They have seen it all during that time… wins, losses, changing market conditions, “surefire” systems, software that produced solid gains under some circumstances but when the market conditions changed they’d lose it all again.
SO WHAT THEY DECIDED TO DO, if it was possible, was to create a software robot that incorporated all the lessons they’ve learned from trading forex over the years.
Well, at the end of March this year, they released their “robot trader” and it’s now been around long enough to get a lot of positive comments in the various forex forums that I’ve been checking recently.
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TO BE CANDID, my wife and I had a shot at forex several years ago… and it didn’t work out… seemed too complicated… and our dummy trading accounts (with play money not real money) were all making a loss. So we walked away from forex.
But we never lost the awareness that some people are making a TON OF PROFIT out of forex.
So when I saw something about this AUTOMATED FOREX TRADING ROBOT the other day, I decided to take a really good look.
If you want to take a look too, HERE is my link to the site about the forex robot (also called an ‘expert adviser’) that I bought.
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WHILE I THINK OF IT, let me list the things I like about this:
- An overwhelming number of positive reports from users. These are in the various forex forums, not on the robot’s website.
- They’ve figured out how to predict what’s going to happen in the forex market over the next 2-4 hours with 95% accuracy. THAT ALLOWS MOST OF YOUR TRADES TO BE PROFITABLE.
- Once you’ve set it up, the software can run on its own. You dont need to sit at the screen and monitor what’s going on. Just leave your computer running.
- They’ve managed to code in a way for the software to be UNDETECTABLE. Apparently some forex brokers dont like these robots because they are TOO PROFITABLE, so if these particular brokers detect that you are using a robot, they will limit your activity in order to cut back your profits. Fortunately the two guys behind this have found a way to make the operations of the robot INVISIBLE.
- Automated forex trading is about as hands-off as any internet business can be. Set and forget is possible with a robot doing all the “thinking” AND all the buying/selling.
- No financial risk to check this out. You use a dummy (practice) forex trading account which costs you nothing and they show you where to get one. Plus you can get a 100% refund from Clickbank if this doesn’t work out for you. Result = no loss, apart from your time. And like I said, so far I’m liking this a lot. Still learning but liking what I’m finding.
Anyway, that’s enough from me for now.
You’ll know if you want to check this out or not. If you do…
About a third of the way down the page, there are a bunch of CHARTS (graphs) that show how PROFITABLE this thing is. To see them all, you have to do a lot of SCROLLING down inside the small chart display area. But it’s worth it to get the big picture.