i have been interested in the forex market and i know you can use a automated peice of software like a robot. which one should i go for?
There is NO forex robot or signal company that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich. Here is a good read about forex signal company: http://www.forex.labuan.net/forex-signal.html
A Forex trader needs to learn and master the necessary skills to be successful in forex trading.
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I’m not sure what you actually call these automated trading system, but i’m guessing they use some kind of algorithm software to sought through markets etc.
My question is really this. I’ve been trading Forex for 5 months now – mainly jpy/gbp market – and it’s about time that I got my hands on some automated software – but which one.
I like the look of the PipBoxer – but a bit too pricey, but maybe doable. Otherwise Forex EA looks pretty sweet at $200. The alternatives I’ve seen are like those spammy sites like the forex killer, which supposedly get you pips while you sleep. Not convinced.
Anyway, has anyone used any of these or recommend a decent package which has genuinely helped there overall forex trading profit,
Thanks all.
Most of what is mentioned is basically spot on. If your new to Forex, only 5 months in like you said then automated trading may only work for you if your already having success. If your using it as a means of income then this is not the idea.
You mentioned the PipBoxer. The Pipbover is by far the most comprehensive software out there as it’s more than just a software package as it comes with real people at hand 24/7. It’s worth the cash and if you’ve done your research you’ll have discovered this.
You can read a review of this here:
http://pipboxer-review.blogspot.com/
If you don’t want to shell out a load, those spammy sites you mentioned are slightly dubvious but the best out there maybe in your price range is probably the forex tracer,
You can view this here:
http://www.forextracertrading.com/
Good luck. Don’t scrimp if your serious about this trade.
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