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Question: Do automated forex trading robots work in the forex currency market?

(Posted by: RogerE on 2009-12-14 09:03:11)

I'm considering purchasing a program that is an automated trading "robot " on the forex currency exchange. Has anyone out there ever had a fallout or lost a lot of money using this system?

Posted by: SalvadorD on 2009-12-14, 12:12:03

Here's a review of a system that many people are having success with. It's called Fap Turbo and it is an automatic trading robot like you say. You have to figure out how to set it up, but then once yuo get it going it's supposed to do everything for you. Here's the review:

Posted by: The Geek on 2009-12-14, 20:52:57

Good day. I have tried robots before. My observations are as follows. - The best robots work ONLY for the market condition they are designed for. Once the market moved out of that, it is useless - There are many scam robots out there - No one, even robots can predict the market Therefore, i personally feel that the only way to forex is proper money management and dedication / hardwork. My two cents worth. I write forex articles for newcomers and i invite you to read up and learn more. Cheers!

Posted by: Patrick Hill on 2009-12-15, 09:48:54

Before purchasing any automated trading software, you will need to carry out detailed research. One of the most popular Forex Trading programs currently available is Forex Ambush. I have recently set up a Forex Trading website which provides all of the latest news and information you require as well as a bit more information on Forex Ambush. Why not drop by to do some more detailed research. Here is the link - guidanceon.com/ forex-trading-platform

Posted by: RDReed on 2009-12-15, 11:19:03

If you are using automated systems and forex robots go for consistency rather than big profits. I am using the no loss robot and it has been successful for me, but don't expect these forex robots to do magic for you. Trade prudently and always test your forex robots before committing your money. And of course ALWAYS manage your risk.