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Question: Can you make money with forex bots?

(Posted by: Just on 2010-02-24 06:09:06)

I like stock trading, but lately i see al these ads about forex bots that make money automatically on the forex exchange? Do these forexbots work? Has anyone tried them? So far I know that they are a set of instructions in the exchange programs? Here is an example: www.bit.ly/ aLZbh1

Posted by: Hank on 2010-02-24, 06:41:38

You may get a number of negative answers here, as many people get burned using expert advisors. Once burned people never go back. However, I've been very successful with my chosen EA's. Last year I made 700% on just 1 of my accounts. So the answer to you question is yes. Often the best expert advisors are also relatively inexpensive, take for instance FAP Turbo. EA's are a cheap business to startup. You can make money almost instantly. You just have to choose the right EA and the right broker. This is most import thing that I tell everyone when it comes to trading is finding an honest low spread fast execution broker. Good luck.

Posted by: Stock Trader on 2010-02-24, 07:00:25

Be careful of crazy promises. If someone is promising you 700% overnight, they're probably better off keeping it a secret and using it themselves. Or charging a hefty fee. If it sounds too good to be true, it probably is. btw, disclosure, I run traderbots.com. We offer unbiased technical analysis, and give people a preview of our predictions before they buy.

Posted by: Jane on 2010-02-24, 17:35:53

Hi if you able to study the news up to date deeply then only you can success in trading but i know it is hard ! but there is a way i found know as "automated trading ".some highly qualified forex professionals trade your financial assets.it worked me well ..! all you just have to sit and watch!. I made good money.check this bestforextradingplatforms.com ..

Posted by: Mind Banker on 2010-02-27, 06:54:28

Yes My dear friend It's Made up by Set Of Algorithms and followed by instructions . Before you Going to trade with Bots You need to create a demo Account and trade with forex currency trading .

Posted by: Vanesa L on 2010-02-28, 03:49:15

Hi Just, I don't think you can totally trust a robot to make money for you in the Forex market. Megadroid, a Forex robot has a good review, only allows you to trade on currency pair EUR/ USD. I have the program, but it doesn't trade very often. I have only tested the Robot for two week, and so far it only made 3 trades, using default setting. It made winning trade, using a 0.1 lot. I cannot comment yet if MegaDroid is any good, further test is needed. Good Luck