Forex Auto Robot Software programmes?
Jan 16, 2009
in
Forex Trading for Beginners
Matthew C asked:
Hello, I have seemed a computer science program on the network that is called a forex robot automatically trades currency by making small and successful trades for you. Anyone have thoughts in this? I see there certainly are advantages and disadvantages, the product sells very well and has a low price so I assume to the traders like it.
Advice?
Thanks
Mail this post
Like this post? Subscribe to my RSS feed and get loads more!
6 comments
what? on January 17, 2009 at 2:01 pm
well, when you’ve just lost $10,000 are you really going to want to try to get back the $9.95 that’s responsible for losing you the other $10,000?
if someone had written a successful arbitrage system, do you really think they would just give it to you for $10? no. they would sell it to a black box hedge fund for a few hundred million dollars.
people who get involved with scams like this deserve to lose their money, in my opinion.
Fierce on January 18, 2009 at 5:04 am
Yeah, what? I agree with your point and it reminds me of a thought I had about people selling their winning Forex system for like $10, $20, why would they care about $10 or $20? If they had such a great winning system they would be making millions.
The key to making money in forex is study, understanding technical and fundamental anlysis, hard work and a discplined plan. If you don’t have these then you should pay a broker who does and will help you make profit. Don’t trust some software that will probably lose you money and is probably a scam.
zaffrono on January 21, 2009 at 4:10 pm
Hi, just use our %100 acurate signals and it is free.
To receive %100 accurate and free FOREX buy/sell signals join our group:
See our statement as proof.
James K on January 24, 2009 at 6:45 pm
Agree with the top few answers but there is some gold out there – if you know where to look.
Many of the so-called “Auto Robots” are simply dressed up scripts which alert you to indicators when they appear. They really are terribly oversold.
If you still want one – there’s a full rundown of the best Forex Robots on this site:
Hope this helps?
smurfmanx on January 25, 2009 at 1:01 pm
[retrans:es]Yes they are reliable if the programmer knows what he is doing.
otherwise they are garbage.
i have written one that works wonderfully.[/retrans]
camnelson917 on January 27, 2009 at 2:25 am
Trading robots can bring in HUGE profits, only if its a good one. That is the secret, finding a robot that actually has proven success.
For those of you who say there are no good trading robots (also more professionally known as expert advisors) out there, check out the Automated Trading Championship
The 2008 champion just started but you can already see how well some our doing. In the 2007 championship the winner made $10,000 turn into over $130,000 in just three months. Now tell me that trading robots don’t work…..
But More than 95% of all robots are worthless. Whoever is selling it claims that they have huge success, just to get you to buy it. If you are curious to which are legit, an easy way to see is to check and see if the website your buying it from has any contact information, such as tech support or at least just an email address. But don’t base your purchase on this factor alone.
If your looking for an inexpensive start in automated trading, the link I listed below sells a package that comes with a few different trading robots. Its what I have been using for the past few months now and I have made some really good profits. sorry to brag =)