Forex Roboteer Review - Automated Forex Software Doubling Your Money in Three Months

By Brian Bodine

The Forex Roboteer is an automated trading software developed by Peter Parsons. Peter was trading for more than 15 years on the foreign exchange market but his trading was limited because of two reasons:

he was trading manually and

he had to tweak the settings of his Forex trading systems on a daily basis.

This took him a lot of time, time which he couldn't use to trade on the FX market. Therefore, he spent 3 years researching Forex optimization and used this experience to develop the Roboteer software with the accompanying optimization service.

Here are some of the features of the Roboteer software:

The trading software is the first automated trading software which uses three different trading systems to trade the EUR/USD currency pair.

The software comes with an atomization service which puts the software on automated pilot 24 hours a day during the Forex opening hours.

The trading robot averages about 4 trades per day and generates up to 83% of winning trades while trading the FX market.

The automated robot comes with a fully automated money management module.

The automated software even detects the type of the account (micro account, mini account or a regular account) and the size of the lots.

The software comes with a very detailed manual and free updates for life.

The Forex Roboteer software doubled the size of Peters trading account in only three months time. This year alone (as of the end of February) the Roboteer added an average of 23.1% to his three trading accounts. - 23196

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For information on a way to do Automated Forex trading follow the links. We have

Automated Forex Trading Software - What You Need to Know Before Using It

By Brian Bodine

The automated Forex trading software is designed to give assistance to stock market traders in the conduct of their business. This is based on the fact that conducting business in the stock market is a tricky, not to mention a risky matter.

However, you do not just go to a supplier and purchase whatever software you find. This is not some computer gadget that you simply buy and install. There are matters you should consider before you buy that program, as well as matters you have to accept.

Let us face it, no matter how wonderful the program may sound, it just is not perfect. There is no such thing as a fully efficient program that will do your job for you. At best, automated Forex trading software should serve as guides for a potential stock trader. It should not be your bread and butter, so to speak, because entrusting your entire financial future on application-based decisions is a very bad idea.

Before you use automated Forex trading software, consider first trying out a demo version. This way, you learn the curves of business in the stock market without the pressures of having to use real money. The advantage of this move cannot be emphasized further. You get to learn how to trade without the risk of losing money.

Choose reputable and reliable products. You can do this by asking for advice from veteran traders and from those who have actually used the product. Do not rely on advertisements saying that you will realize a huge return of investment by just sitting around and letting it do all the work. Advertisements are meant to give you heaven and earth just so you would make a purchase. Learn from the experience of others before you make a choice.

You must develop your skills as well. Of course, you also have to learn how to trade without assistance. This way, you become surer of the decisions you make based on the recommendations. You have to use common sense and your personal instincts before making a move. Even trading robots make mistakes, and if your own robot makes one, a lot of money is usually lost.

You will also need a reliable Internet connection. Automated Forex trading software applications do not pull their data from the air. They must be constantly supported by sources found on the Internet. This means that you will have to invest in being online as well. And not just any connection will work best for broadband is usually recommended.

Human input is still better than blind reliance. Make sure that you only use automated Forex trading software as a guide, not as a master. - 23196

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For information on a way to do Automated Forex trading follow the links. We have

Automated Forex Trading Robots and Their Effectiveness

By Brian Bodine

Stock trading is usually a burdensome activity, until the entry of automated Forex trading robots. In the past, a high level of technical knowledge involving methods and procedures of this business venture, as well as a high capacity for comprehension and analysis of prevailing trends in the market are required before one can venture into the world of the stock market. Fortunately, there are business robots that can assist any trader in pursuing and forging a career in the business.

In order to properly acquaint ourselves with these programs, two fundamental questions must be asked: what are automated Forex trading robots and what exactly do they do?

Automated Forex trading robots are not your typical "machines", so to speak. They are not composed of mechanical working parts that do your business at your command. Rather, the term "robot" here is more of a symbolical terminology; that is, it helps you do your business by pointing out what shares are fit for purchase, when to buy them, and when to sell them. It is a software program based on artificial intelligence that is designed specifically for the conduct of stock market businesses.

This software helps a trader keep tabs on the trends of shares of stock; that is, the rise and fall of prices in relation to the volatility of the market. The program makes use of mathematical algorithms in order to make computations regarding "predictions" of prevailing trends. To validate the algorithms, the program bases them on the experiences of other traders as well as its own analysis of market trends.

Automated Forex trading robots constantly monitor the market. It takes into record the rise and fall of prices and "decides" on the best and most valuable stocks there are. It recognizes resistance and learns to detect a point where to make an entry point as well as an exit point for a particular activity.

Although purchasing this program is an expensive investment, it will prove to be worthwhile by reason of the returns you will realize, with proper sense and diligence, that is. Furthermore, they are not meant to make you rich while you sit back and relax. There will always be a need for human input in making the final decision whether to buy or to sell shares.

Once the software has been installed, all you have to do is to input the initial data to enable the program to have a basis on which to do its work. Once automated Forex trading robots are up and functional, they will give invaluable assistance to stock traders, as if a veteran trader is at their side. - 23196

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Forex Software that will make trades on Forex Signals without your involvement.

Forex Trading Tips That Would Make You Trade Like A Pro

By Bart Icles

Most of the people who think that they are well-versed in all aspects of forex trading - what it is, how it should be done, what the advantages and disadvantages of it are, etc. - more or less at one point in time, even to this very second, thought or is thinking that has something to do with dealing with bonds and stocks.

Forex trading is way different from bonds and stocks. With forex trading, you deal with currency pairs. The currency pairs involved in forex trading are usually currencies that are stable in the forex market and are of greater value than other currencies.

Forex traders, especially beginners who are trying to get lucky in the forex market, should know the different facets of forex trading and should put these to heart. Here are some forex trading tips that would help all forex traders be more successful, beginner or otherwise:

1. Forex trading tip number 1: Forex traders should protect themselves from any type of fraud. To avoid being a victim of fraud, a trader should avoid trading opportunities that seem too good to be true, like get-rich-quick schemes. Since the forex market provides a lot of opportunities for all types of individuals, scams are unavoidable. To avoid becoming a victim, get the services of legitimate forex trading companies.

2. Forex trading tip number 2: Make sure that you select a forex trading firm that is accredited by the government. This is because the government has the power to regulate such firms and choosing them prevents any big misfortunes in the future. A thorough background check on the company is a must before anything else. If a company is not transparent enough for you, chances are, they will not really be very helpful and, worse, can get you into trouble.

3. Forex trading tip number 3: Do all the research you need to do to find out all the facets of forex trading that you need to know. Make sure that you do your homework. Jot down notes about all the transactions that you will be participating in to keep track of things.

4. Forex trading tip number 4: Avoid doing transactions via snail mail or via the internet. Your transactions can fall in the wrong hands or can be hacked. Forex trading success is centered on a trader's ability to buy currencies at a lesser price and to be able to sell it more than it was bought. The proper precautionary measures is a must for a trader to become successful in the forex market. - 23196

About the Author:

A forex video tutorial starts with a desire to learn and a drive to become a great trader. Learning with a forex tutorial takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.

The Forex Trader Safety Net

By Michael Jones

The Forex market can lure the novice Forex trader into trading scenarios that appear very attractive at first glance but turn very quickly into a losing trade. Many a Forex trader will relate to this experience:

Price has been in a consolidation channel for one or two hours.

You place an entry order to get taken in at the top or bottom of the channel.

Almost as soon as your trade is activated you notice it is down 10 pips. Minutes later that has gone to 15 pips. Before you can blink, your trade is out, having hit your stop loss.

It's ironic isn't it? Price was static almost for hours. Yet the minute your trade is entered price moves right against your position and you get stopped out. All you can do is scratch your head and exclaim: "What happened?"

In the early stages of gaining trading experience, it is good for the novice Forex trader to go by a checklist every time before entering a trade until certain habits become ingrained.

Just having a procedure in place that has to be executed before pulling the trigger on a trade can prevent the Forex trader from quickly entering a trade just because there are some sudden movements on the screen and the trader is worried about missing an opportunity.

It's true that having to go through a checklist may delay entering a trade so that the price moves on before we have chance to submit our order. However, the number of times this happens is quite rare whereas the benefits of waiting far outweigh the missed opportunity.

The following Safetrading Checklist can help a Forex trader identify high probability setups and therefore adopt a more cautious trading approach that has the emphasis on preserving account equity.

Safetrading Checklist

Avoid Long Trades If:

MACD on either the 4 hour, 1 hour or 15 minute time frames are showing negative divergence.

MACD is pointing down on the one hour or four hour charts.

Price is well above the daily central pivot point.

Price is bucking the trend on the 4 hour, 1 hour, and 15 minute time frames. (You can ascertain this by plotting a 200 EMA on these three charts and seeing if price is below it on the 4 hour and 1 hour but above it on the 15 minute.)

Price is above a Fibonacci 50, 62, or 79 retracement (calculated from the last high and low)

Your stop is not below multiple layers of support such as a significant previous high or low, pivot point, or Fibonacci level.

Avoid Going Short If:

The 4 hour, 1 hour or 15 minutes charts are showing positive divergence on the MACD indicator.

MACD on the 4 hour or 1 hour chart is pointing up.

Price is well below the daily central pivot point.

Price is bucking the trend on the 4 hour, 1 hour, and 15 minute time frames. (You can ascertain this by plotting a 200 EMA on these three charts and seeing if price is above it on the 4 hour and 1 hour but below it on the 15 minute.)

Price is below a Fibonacci 50, 62, or 79 retracement (calculated from the last high and low)

Your stop is not above multiple layers of resistance such as a significant previous high or low, pivot point, or Fibonacci level.

The Greatest Lesson Of All

Using a Safetrading Checklist list in this manner might mean you take fewer trades. However, the Forex trader hereby learns a very important lesson. What? PATIENCE! A Forex trader might find that simply waiting for the high probability trade to setup does take a lot of mental and emotional energy.

When it comes to the learning curve, this is probably one of the most important skills the Forex trader will have to master. A Safetrading Checklist forces the trader to just slow down and give careful thought and consideration to the array of indicators presenting a flow of information. Once the new Forex trader gets to this stage, real progress can start to be made. - 23196

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Learn how to use the MACD Technical for safe trading. Click here: MACD Technical Know your candles! Use the free Candle Charts Instant Recognition Library here: Candle Charts