Comments on: Is it true that Forex systems work automatically?

By: Quest B

Quest B — Tue, 30 Nov 1999 00:00:00 +0000

i actually trade forex on my own from my college dormitory until last month when my exams were around the corner, and i have to switch to auto trading on the forex. from my one month experience, it has been successful and sweet for me cos of the return am getting. though i have just used it for one month and i like it for now..http://forexpipsminer.blogspot.com/2008/09/how-to-use-forex-automated-trading.html

By: Ted

Ted — Tue, 30 Nov 1999 00:00:00 +0000

For every complicated question, there is someone who will provide an answer that is simple, easy to understand, and wrong.

Even more so with forex. Ask yourself the question: If someone really designed a computer program that could CONSISTENTLY predict the forex market it would be worth millions to a big hedge fund with billions to invest, so, why is he offering to sell it for a few hundred bucks to you or me>

By: James K

James K — Tue, 30 Nov 1999 00:00:00 +0000

IF you want to start, there’s a free 5 step guide at http://www.forexfromscratch.com which you can download for free.

You *can* get “automated” forex systems which are pieces of software that trace the charts and give you signals without you doing anything.

They are a dime a dozen and most of them are complete BS however I use a pretty good one called “Forex Autopilot” which is VERY good.

I found a review of it here: http://www.fxsystemscompared.com/rev_forex_autopilot.html which basically shows you exactly what customers of the product are saying about it - making the review totally unbiased.

By: Xelam

Xelam — Tue, 30 Nov 1999 00:00:00 +0000

yes you’re right, forex is complicated and it will not help you in anyway using an automated program for you to understand. i would suggest you check your options in this site. they offer personalised services through live, personal training to their prospective traders. for a $100 “mini account” they will provide you a personal Account Service Manager (ASM) as your personal consultant, trainor and trading partner as well. your ASM is an expert forex trader and is the best resource person in your search to learn forex trading. meantime, you may register and download a Free Forex Ebook to start with.

By: bptunlimited

bptunlimited — Tue, 30 Nov 1999 00:00:00 +0000

There are the doubters who just don’t want to believe and there are the people who take the chance to use it. One reason I can think of that big companies don’t use the forex trading software made available to the public is that they have already created a forex trading software from their R&D research team. Think about it. If other experts are creating their own software, don’t you think the big companies have their own that they use on a daily basis? You just don’t hear about theirs because it is not public, it is their proprietary piece of software and cannot be bought by the regular joe schmoe. Now if you had millions to spend, maybe they would consider selling you their software.

The forex trading software you see available on the internet does work. Some better than others obviously. But these systems are not as robust and complicated as the proprietary systems (obviously). They are meant to be used by the regular joe schmoe who has no experience in the market. Therefore are reasonably priced for the end users. Do you think a complete newbie to the forex market is going to want to buy a $3000 + piece of software that they have to configure themselves to get up and running that will need tons of forex knowledge just to get started with? Exactly.

By: Rummy G

Rummy G — Tue, 30 Nov 1999 00:00:00 +0000

Yes, there are Forex Systems/Robots that actually work. These are codes which you add on to the Forex Software(usually MetaTrader) and the system identifies a good trade and trade making you a profit. There are systems which give you 80-90% accuracy. Check the link below for a detailed review on Forex Systems/Signals/Robots.

By: Johninvest

Johninvest — Tue, 30 Nov 1999 00:00:00 +0000

What I did is trading forex through a couple of online brokers like http://www.fxpro.com or http://www.eglobal-forex.com and using only Expert Adviser, an automatic trading tool that will do the trading for you which will minimized the risk when trading manually. For the EA I used from http://www.viking234.com and they give me a magnificent monthly gain ranging from 8-30%!

I don’t know about you but it works for me….

By: allcredits@ymail.com

allcredits@ymail.com — Tue, 30 Nov 1999 00:00:00 +0000

You will have to get an expert advisor. You can find some reviews of expert advisors on this link http://allforextradingnews.com/forex-expert-advisor-reviews/

By: Myrna X

Myrna X — Tue, 30 Nov 1999 00:00:00 +0000

A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Hopefully this blog can help. http://www.whatisforextrading.com Remember, no system will be fool proof, so be cautios about the claims some trading systems make.

By: kinitexx

kinitexx — Tue, 30 Nov 1999 00:00:00 +0000

I always tell forex newbs to start with an autopilot. Even if its not on a live account, just watch how it trades on a demo account. Watch when its successful and when its not. Take notes, be smart.