Archive for August, 2009
Forex Decimator
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Forex Decimator is a new Forex trading robot that claims 92% success rate (only 14 losses out of 179 trades). That’s a bold claim from the author who is new to this business – it’s his first product. Nevertheless, software should be judged by its performance.
IvyBot
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IvyBot is a new automated Forex trading software that claims a 94% success rate. What’s so special about this software is that it consists of four separate robots for each currency pair: EUR/USD, EUR/JPY, USD/CHF, USD/JPY. These robots employ tested and proven Forex trading strategies. The algorithm of trading system programmed into Expert Advisors includes trend analysis, weighted price action, technical price patterns, market liquidity, volatility, and forward projection scanning.
Forex MegaDroid
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Forex MegaDroid is the first trading software to use Reverse Correlated Price and Time Analysis (RCPTA) technology which is the latest trend in Artificial Intelligence use in trading systems. This system allows for the best accuracy that has ever been achieved.
For that reason Forex MegaDroid is not a scalping software, it makes very accurate trades and its trading frequency can be as low as one trade every few days.
Day Trading Robot
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Although we usually only review Forex trading software, this stock trading robot has caught our attention. Released just recently it has already hit its popularity peak and it’s been featured in Business Week and the Wall Street Journal. Day Trading Robot is a neural network based system, which employs chart patterns.
Day Trading Robot works in penny stock market. This market is famous for its large percentage swings, and even though each stock usually trades at under a dollar, these markets are able to bring profits of around $500 a day and sometimes more. I’m pretty sure none of us would refuse to take that. What’s more, such trades are really low risk.
FAP Turbo
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FAP Turbo is one of the oldest Expert Advisors that is still very popular to this day. Besides the English version, it’s also available in Spanish and Chinese languages.
There’s a saying that during tough times the rich are made as well as the poor. The markets swing like crazy and any experienced Forex trader would tell you that it’s a trader’s paradise. It is the time when most profits are made.
But what do you do if you don’t have enough experience to trade? You can lose just as much. However, the modern technology delivers it to you on the silver plate – the automated forex software built by expert traders to automate their mundane daily tasks. Systems kept away from the public in the beginning are now available and you can take a shortcut to professional forex trading with no prior knowledge at no risk whatsoever.
Forex Autopilot
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Forex Autopilot is one of the first commercial forex trading systems. It has become a bestseller and one of the most popular trading systems online, featured on Business Week, CBS News and NBC.
Forex Autopilot trades in EUR/USD on a 1 minute timeframe chart, and executes about 3 to 5 trades per day. Based on backtests and user experience the system maintains a profit ratio of around 96% which is one of the best performances among its peers.
How to Trade Currency
Foreign Exchange Market or Forex is currency trading market and is similar to stock market. The currency pairs are on a trade like shares, only the difference is Forex is much simpler and a lot more active. It is said that because it’s more active, it is a lot more risky. However, in my opinion it doesn’t matter how fast market moves, the risk involved is highly subject to the trader himself. When further comparing stock market and Forex, we must note that sometimes the shares can plummet overnight like none currency pair would ever.
Managing Your Losses in Forex: How to Avoid Disappointments
One of the major misconceptions about trading forex online is the belief that in order to be successful one must be focusing on profitability right from the beginning. The more aggressive and profit-oriented you are in this competitive market, the higher your chances of success, since you’re in a race with financial giants who have far greater resources at their disposal which they can use to acquire an unbeatable competitive edge against the average retail trader. One must compensate for this difficulty by pursuing well-developed strategies in an aggressive manner, and capitalize on opportunities that may arise, however small they might be, as soon as possible.
