Comments on: Does anyone know about some of the Forex robots and if any are worth using to trade currencies? http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/ Discussion of Forex Trading and Currency Trading Wed, 23 May 2012 13:58:35 +0000 http://wordpress.org/?v=2.3.3 By: Joe http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18545 Joe Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18545 The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud. There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission. There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive. I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams. I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works. The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

]]> By: Forex Expert http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18546 Forex Expert Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18546 I know about all forex robots but i found few robots working,One among them is Fap turbo Automated Trading Robot.Fap Turbo is very successful to me. I know about all forex robots but i found few robots working,One among them is Fap turbo Automated Trading Robot.Fap Turbo is very successful to me.

]]> By: Klaudia http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18547 Klaudia Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18547 Hello, There are quite a few robots available and it is difficult to tell which is the best. What is good for me might not be good for you, so you need to test some and see which suits you best. As for the results, it is up and down, but as of now I am managing to stay on plus (quite a nice plus to be honest). Just remember to think and plan long term. If you are looking for short term quick money you might be disappointed. Hello,

There are quite a few robots available and it is difficult to tell which is the best. What is good for me might not be good for you, so you need to test some and see which suits you best. As for the results, it is up and down, but as of now I am managing to stay on plus (quite a nice plus to be honest). Just remember to think and plan long term. If you are looking for short term quick money you might be disappointed.

]]> By: DanielD http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18548 DanielD Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18548 I suggest you invest 100$ and learn the fundamentals. You will lose this money pretty fast, but see it as an learning experiment. Been trading for some time now with forexyard FSA. The minimum deposit is 2000$ I recommend 1500$ more. The catch with most brokers/forex robots is that "you can't loose more than you invest" However!! you will lose it fast if you don't have enough money invested. See, the robot will open many positions and hold them for hours, days or weeks, your positions will almost always be in the red, some of them many hundred dollars each. If they suddenly combined exceed the amount you have in your account you lose all because they close. If you choose to open an account you can choose between a lot of different systems/robots. Find some with low risk (low Max DD), high win rate, high profit etc. you can browse and see how much each robot has earned the last year in detail. I suggest you invest 100$ and learn the fundamentals. You will lose this money pretty fast, but see it as an learning experiment.

Been trading for some time now with forexyard FSA.
The minimum deposit is 2000$ I recommend 1500$ more.

The catch with most brokers/forex robots is that "you can’t loose more than you invest" However!! you will lose it fast if you don’t have enough money invested.

See, the robot will open many positions and hold them for hours, days or weeks, your positions will almost always be in the red, some of them many hundred dollars each. If they suddenly combined exceed the amount you have in your account you lose all because they close.

If you choose to open an account you can choose between a lot of different systems/robots. Find some with low risk (low Max DD), high win rate, high profit etc. you can browse and see how much each robot has earned the last year in detail.

]]> By: Mike http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18549 Mike Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18549 Forex Robots are scams......... The Government Has made them basicly illegal, Don't buy one......... Teach, Learn, work hardm do these for Help..................... Forex Robots are scams……… The Government Has made them basicly illegal, Don’t buy one………

Teach, Learn, work hardm do these for Help…………………

]]> By: Forex Advisor http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18550 Forex Advisor Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18550 Yes my Dear In fact I'm Automated Robot Testing Sucker As I have Never Seen Like this Before " IvyBot Automated Robot " Not Only Me The Whole Forex Marketing Is Turning to Its. Trade Global Market With IvyBot . Take for Ur Self Here is my review in this Link Yes my Dear

In fact I’m Automated Robot Testing Sucker As I have Never Seen Like this Before " IvyBot Automated Robot "

Not Only Me The Whole Forex Marketing Is Turning to Its. Trade Global Market With IvyBot .

Take for Ur Self Here is my review in this Link

]]> By: sp33dr4ge http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18551 sp33dr4ge Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18551 I've been researching forex robots for a while and have actually used them in the past myself. Some are good and others are bad. What it really comes down to is your self discipline and ability to follow the systems set in front of you. Most people are not able to follow simple rules. Here's an article that I found that may help you. http://ezinearticles.com/?Forex-EA-Systems---The-Best-of-2009&id=2880154 I’ve been researching forex robots for a while and have actually used them in the past myself. Some are good and others are bad. What it really comes down to is your self discipline and ability to follow the systems set in front of you. Most people are not able to follow simple rules. Here’s an article that I found that may help you.

http://ezinearticles.com/?Forex-EA-Systems—The-Best-of-2009&id=2880154

]]> By: Paul U http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18552 Paul U Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18552 One of the issues with Forex robots is that they often perform differently in various market conditions. Therefore one robot that performed well for the past few months may not perform well next month. It is important to keep in mind that past performance is no guarantee of future performance. One technique that has worked well is to spread your portfolio across multiple robots. This helps reduce risk and also tends to compensate for varying market conditions. One of the private investment groups I belong to trades across 7 robots with a margin of less than 1.5%. This has proven to be a consistent, conservative strategy. Also, Forex robots are not illegal. They are simply an automated disciplined approach to trading Forex while eliminating the impacts of human emotions. Such as Fear and Greed. Best wishes for your success. Paul One of the issues with Forex robots is that they often perform differently in various market conditions. Therefore one robot that performed well for the past few months may not perform well next month.

It is important to keep in mind that past performance is no guarantee of future performance.

One technique that has worked well is to spread your portfolio across multiple robots. This helps reduce risk and also tends to compensate for varying market conditions.

One of the private investment groups I belong to trades across 7 robots with a margin of less than 1.5%. This has proven to be a consistent, conservative strategy.

Also, Forex robots are not illegal. They are simply an automated disciplined approach to trading Forex while eliminating the impacts of human emotions. Such as Fear and Greed.

Best wishes for your success.

Paul

]]> By: steve.raid http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18553 steve.raid Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18553 Forex robots are NOT illegal. The robots simply identify patterns and use a consistent system to trade currency. A lot of the robot sites claim you will make millions, which is misleading. They are merely a tool to help you keep your emotions under control and follow proven techniques in your trading. I have used a few robots and these are my two favorite: MegaDroid - http://bit.ly/fWdiQ IvyBot - http://bit.ly/SiK9G IvyBot's site is cheesy and they make those ridiculous claims that you will "make millions", which originally made me skeptical. I ended up buying into the hype and I can tell you that I didn't make millions, but the robot actually works in identifying good trades. MegaDroid has also been very good for me. Overall I am up a good amount with both robots, so I am definitely happy with the small investment I made in purchasing them. IvyBot is little bit easier to use, but neither are that complicated. Also, I recommend MetaTrader for quotes and to use with robots. It's a free download: MetaTrader - http://bit.ly/hoyqW Best of luck trading! Forex robots are NOT illegal. The robots simply identify patterns and use a consistent system to trade currency. A lot of the robot sites claim you will make millions, which is misleading. They are merely a tool to help you keep your emotions under control and follow proven techniques in your trading. I have used a few robots and these are my two favorite:

MegaDroid - http://bit.ly/fWdiQ
IvyBot - http://bit.ly/SiK9G

IvyBot’s site is cheesy and they make those ridiculous claims that you will "make millions", which originally made me skeptical. I ended up buying into the hype and I can tell you that I didn’t make millions, but the robot actually works in identifying good trades. MegaDroid has also been very good for me. Overall I am up a good amount with both robots, so I am definitely happy with the small investment I made in purchasing them. IvyBot is little bit easier to use, but neither are that complicated.

Also, I recommend MetaTrader for quotes and to use with robots. It’s a free download:

MetaTrader - http://bit.ly/hoyqW

Best of luck trading!

]]> By: jossefsal http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18554 jossefsal Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/10/04/does-anyone-know-about-some-of-the-forex-robots-and-if-any-are-worth-using-to-trade-currencies/#comment-18554 There are 3 robots that are really worth looking at and work with Fap Turbo IVYBot Megadroid The last one is a metatrader4 advisor work only with EUR/USD with minimum account of 300$ The other are general but suffesticated robots the fap can make you small profits but with minimum risk The second one IVY is more for prave traders who want to make higher profits Here is a small review of those 3 robots http://www.forextrading-forexsoftware.com/ There are 3 robots that are really worth looking at and work with

Fap Turbo
IVYBot
Megadroid

The last one is a metatrader4 advisor work only with EUR/USD with minimum account of 300$

The other are general but suffesticated robots the fap can make you small profits but with minimum risk

The second one IVY is more for prave traders who want to make higher profits

Here is a small review of those 3 robots

http://www.forextrading-forexsoftware.com/

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