Do forex robots really work or is it just a scam?

Seems the bit as well great to be true…

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Comments: 8 comments

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  • Christian
    August 17th, 2009 at 2:19 pm

    First, you should know that Forex is not that easy. Do not believe those who may say it is!

    Now, there are some good robots that MAY help you. Some are scam. Others are for real.

    Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

    Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

    A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

    For this automatic approach, forex auto pilot turbo has worked wonders for me: http://www.forexapt.com/. It offers, among other features, high spread protection system and automated risk scaling. They say "95% winner". Well, only the bottom line counts. In this regard, it has really delivered for me.

    I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

    Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months – a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

    Good trading!

    Chris

  • tinvestor
    August 17th, 2009 at 2:19 pm

    And it is. You should open up a practice account and trade in it for at least 6 months. As you may or may not know, you can lose hundreds of dollars trading the Forex in a matter of minutes.

  • Anil Kumar Raju
    August 17th, 2009 at 2:19 pm

    I purchased some of robots,but all are not worked>only one robot worked to me.i.e., fap turbo.Ask anyone they will tell that fap turbo is a best automated trading robot.So you also try it.

  • Trade
    August 17th, 2009 at 2:19 pm

    Yes, robots do work. You just have to know which one to buy. All robots will have many profitable trades then have several BIG losses. The first robot i bought was Forex Autopilot, it worked fine but i didnt like the big losses. Then i tried Fap Turbo, it was better. I recently bought Forex Megadroid, so far it’s been a little better than Fap Turbo. And i got it cheaper too. I bought it here and got it for $20 less than anywhere else.

    http://www.youtube.com/watch?v=EuCYADhhPUw

  • steven c
    August 17th, 2009 at 2:19 pm

    you are intelligent and mature enough to decide is it possible to earn so huge amount as quick as they claim. all rubbish………..

  • speedy5044
    August 17th, 2009 at 2:19 pm

    Yes, you can really make money with Forex Robots.
    There’s a new Robot that’s only been out a little over a week, it’s called Forex MegaDroid. It can quadruple your money in no time. It’s 95.82% accurate. I bought it here and got a discount
    Take a look at this site its quit good to be scam
    http://www.forexrobotswar.com

  • Kosio S
    August 17th, 2009 at 2:19 pm

    The "best automated trading robot" is calling Gomega Xray. I am using it now and I am very very happy from results.http://www.tradebit.com/filedetail.php/6772946-gomega-xray–profitably-trade-on-auto

  • Brian P
    August 17th, 2009 at 2:19 pm

    it is not scam, it works if you setup correctly..try it with demo accounts, read their forum..lot of members share their setting…in this market, spread wider than stable market condition…but it works. I am using Fap Turbo. It makes profits..my account is small and I am not trading aggressively but still profit is profit..getting around 5%-10% return per month.
    look at my blog.

    http://www.forextradingrobots.net/

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