Forex Megadroid Homepage

Question: I'd like to find out more info about forex megadroid robot.?

(Posted by: Jack on 2010-01-18 09:16:56)

Anyone out there using this, what kind of server are you using, the cost etc.? Do they give you upgrades when needed? Are you having good results with it?

Posted by: Joe on 2010-01-18, 09:27:19

The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud. There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227 " who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/ Zboy227. " The "/ Zboy227 " tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission. There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive. I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot " and "scam " you will find a lot of sites saying their competitors are scams. I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

Posted by: JHall on 2010-01-18, 09:36:08

Hi Jack, I would definitely avoid using a forex robot. It's just like anything else in life...if it's too good to be true it probably is. If it were as simple as just buying a robot, investing in forex and making money, everyone would be doing it. Like everything else investing in Foreign Exchange Trading (Forex) requires some knowledge and due diligence. You can find lots of good information online and from select E-books. I started with FMS's E-book, which really got me started in forex: forexmarketsuccess.com/ forex-ebook/ Needless to say, learn as much as you can about it and start slow. You can make a lot of money in forex, but it comes with some risk, tread lightly.

Posted by: ProudMaritian on 2010-01-18, 20:58:45

Hi Jack, Forex MegaDroid has been developed by two professional forex traders, Albert Perrie and John Grace with more than 25 years of trading experiece in the interbank market. You can watch the video on the Forex MegaDroid robot website where Albert and John introduce themselves and talk about the development of Forex MegaDroid. There are now a number of few good forex robots in the market developed by real traders who are getting real results. Another good forex robot is FAP Turbo developed by Steve Carletti. FAP Turbo is now being used by more than 50,000 people. Both these robots get updated by the developers as the market conditions change. The problem is that many people buy these forex robots without learning forex trading. In the hands of novices these robots are just not good. But in the hands of those who first learn forex trading and understand how the forex market works, these are powerful tools. What I would suggest to you is if you are interested in testing this robot go ahead. It has 60 days money back guarantee. So you can test it for two months on your demo account. You can open a demo account in just five minutes. When you trade on a demo account, you are using virtual money or fake money. The data is real time so you will be testing this robot with real data but with virtual money. This way, you are not going to lose your money. Test it and after one month see what is it's performance. If you are not satisfied, simply return it and get a refund. This way you are not going to lose even a single cent but still can test it thoroughy. The problem most new traders have with these robots is that they don't know how to optimize the setting of these robots. One of the most important and fundamental area that many new traders ignore is risk and money management. These robots need to be optimized with proper setting for good risk and money management controls. You can use a server for hosting these robots or you can install them on your own computer but in that case you will have to keep your computer on all the time. Any glitch or shutdown of your computer will put the robot out of action and can make you lose money if you are trading live. These are real forex robots. The only think you need to do is learn forex trading basics things like what are the best currency pairs to trade, what are the best times to trade these currency pairs, how to avoid those times when some economic report is released and the market shows a lot of volatility, how to reduce risk. These things are not difficult to learn. With this knowledge, a good robot can be a powerful tool in your hands.