The FOREX robot is an automated computer software system that is basically marketed to traders who have little or no knowledge of intricate forex trade market processes. The marketers request that profits can be earned even when you are not in front of your system; But are they indeed what they are marketed out to be? Well, the FOREX trading systems may have made profits at somewhat; but there is just no guarantee that they will keep doing so. Beware of promised benefits that are flying, even if you have low knowledge. You still have to be involved in the trade, nevertheless using the system. The market carries random reason that cannot be predicted even by machines.you can easily improve your trading skills and get Live Currency Tips.
There are a myriad of forex trading robots on the market, that claim to have undergone a series of extensive tests which have produced satisfactory results therefore they are marketed as absolutely effective in producing consistent profits. But which are the Top Forex Robots?
There are top 5 forex trading robot:
1. Forex Megadroid
Forex Megadroid was created by Albert Perrie and John Grace on 31 March 2009 and the merriment around this product launch was almost as big as the Fap Turbo launch last year. According to the maker, Forex Megadroid uses a new technique called Reverse Correlated Price and Time Analysis which they guarantee that for every money you deposit into your Forex account for trading will be at least quadrupled.
Another big feature about Forex Megadroid is the built in broker security feature. There is a wide range belief that most Metatrader brokers trade opposite their clients and that, coupled together with things like high speeds, of quote errors and fill, it has become very difficult for a trading robot to consecutive make a profit. Forex Megadroid is the first robot ever to be liberated with a broker protection or anti-broker network.
2. FAP Turbo
Fap Turbo took the industry by squall when it was released on 25 November 2008. The maker of Fap Turbo promised to give the most advanced Forex trading robot there has ever been on the forex market and so far they have not frustrated the thousands of traders that were dazedly waiting for the launch. The reason why Fap Turbo is so prevalent is the fact that it offers a system that is more advantageous and safer than the renowned Forex Autopilot. That is exactly what the market wanted.
3. Forex Autopilot
Forex Autopilot was one of the first commercial Forex Trading Robots to come into the place and it was by far the most plausible product on the market before the launch of Fap Turbo. Forex Autopilot makes history in the forex market. This forex robot uses different different indicators to identify trends in the EUR/USD currency and the result is an extremely actual system that has a success rate of more than 80%. One of the difficult problems with Forex Autopilot is the fact that the trades can occasionally go into large draw downs of up to 500 pips. This not done often, but it does happen.
4. Forex Funnel
Forex Funnel is another automated Forex trading system, is same like Fap Turbo, but with one big difference – it uses a much big risk/big reward reach to trading. Forex Funnel uses a different-different of a famous gambling strategy called the Martingale rules in its trading approach.
5. Pips Leader
The Pips Leader Forex robot is not as well known as the other products on this list of forex robot. The Pips Leader robot uses a “basket trading” rules, which can be extremely profitable and low risk if you deem the margin requirements and apply strict money monograph rules. The core of the Pips Leader system relies a lot on hedging, so make sure that you select a broker that allows hedging before opening a live account.