Automated Trading Robots: are they really for me?
Trillions of dollars change hands everyday on the Forex market and it collects more and more traders everyday
. While some people prefer dealing with real live brokers, some might be considering automated trading robots. Some people truly think that using a Forex robot will guarantee success on the foreign exchange market That couldnt be farther from the truth! If that would be the case, there would be no need for live brokers. Let me give you some pros and cons of automated trading robots and a few robot suggestions to help you in your search for the right automated Forex trading system. First of all, one of the most obvious advantages of Forex robots is the convenience. You can trade at any time of the day and Forex robots and take advantage of opportunities would miss with a live broker. Another advantage of automated trading robots is the accuracy. It is clear that computerized programs will be more efficient and accurate than any live broker can ever be. However, robots cannot give you the experience or expertise a seasoned Forex trader can. They also dont consider the human factor that affects so many market trends. But if you want to merge the convenience of an automated system with the human factor, you can go for a signal-based program that will allow you to gather trading signals from other proven Forex traders and copy their buying and selling habits in your account in real time. Now let me suggest two of the most popular and effective automated trading robots out there to help you make the right choice. One is fully automated and the other one is signal based. The first Im going to talk about is Fapturbo. It is one of the most popular and trusted fully automated trading robots out there. With the thousands of different robots that have appeared and disappeared from the scene since the last few years, Fapturbo is still standing strong since its launch in November 2008, and that is always a good sign... You can start making money on Fapturbo with as little as a 50$ initial investment, so anyone can give it a try. You can choose between a short term scalping strategy or long term trend strategy. Their customer service is great and since its very popular, youll find thousands of independent support groups that can help you improve your strategies. The other one Im going to talk about is Zulutrade. Zulutrade is a signal based automated Forex platform that is completely free. Signal providers offer their signals voluntarily to brokers for a small fee and you can choose to follow any signal you want depending on your style and goals. But youll need more than basic knowledge of the Forex before you can understand the true power of a service like Zulutrade. Automated Forex robots can be very profitable if used the right way, so make sure you dont get overwhelmed by shady sales pitch that guarantee you ridiculous returns while you lay on your back and go for true and tested alternatives.Automated Trading Robots: are they really for me?
By: John Taylor