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Monday, January 5, 2009

Do Forex Trading Robots Really Make Money?

3 trillion dollars are being traded around the world each day in Forex yet Forex trading could not find its feet for so many years while stock trading reigned supreme. The reason was simple. Forex was too technical for general masses. Most of those who wanted to win from Forex did not understand about the short and long term trend lines. They wanted to know when the stocks would reverse but Fibonacci retrenchment graphs proved too complex. What was an investor supposed to do then? Obviously he fell back on the time tested stock trading.

Today, there is a complete change in the way Forex trading is done around the world. There are too many systems which are completely automated and are providing even novices to turn up quite some profit. The idea is simple. The novices do not know the way around the technical nuances which are important in finding the profit roads. You have to understand the trends, the news, and the volatility. This is not possible without techniques. This is where the Forex robots work so well. They completely understand the pulse of the markets.

Most of the Forex robots have very high winning percentages. This means that they're perfect with the pips that they post. They break down the pip percentage to come to the best buy/sell point. Further they know the precise point at which one should enter or exit a trade. This means that they have an exact nerve on stop profit and stop losses.

It also worthwhile to note that the Forex robots take calculated risks and play a lot on market volatility yet their final drawdown is very strong. This means that while trading live accounts they generally show less than 1% loss and that too at the most difficult time.

Forex robots really work. They read the indicators carefully. They have an acute idea on when stocks might reverse. Few robots base it on past trader experiences. (Like in the case of Forex Avenger) others build around all kinds of technicalities. There are trend lines mixed with Fibonacci graphs which suggest when exactly are the stocks expected to reverse. Further, they tell us all about the fundamental and complex patterns of rallies and corrections.

It is also a great guard against market volatility. The automated robots help you play short frames and make pips per currency pair. This is where you can build over an oversubscribed currency while leaving the undersubscribed ones. The robots trade in news better than most of the likely professional bigwigs.

There are still those who might think that Forex robots do not work and they are a scam oriented to suck money from trading novices. For them, it is worthwhile explaining that most of such robots have an unconditional money-back guarantee and provides free upgrades. There are step by step manuals and the robots install the software just as you pay. They send you related newsletters and provide a customer support that tackles any worries or suspicion. If this is scam, each entity is just as much so.
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Article Source: http://EzineArticles.com/?expert=Brian_I_Park
http://ezinearticles.com/?Do-Forex-Trading-Robots-Really-Make-Money?&id=1816355

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