Posts from — December 2009
The Reality of Making Money With Forex Robots (part 1)
When we talk about Automated Forex Systems, the temptation is to think that you pick up one of these little robots, plug it in, and suddenly cash comes rolling in.
Sounds nice, but what is the reality of creating a profit from these little bits of programmed software?
The makers of most of the Forex Robots out there are quick to boast of their track record of making profits. But if you look closely, most of these Robots have shown great success in their back-test results, but can show no evidence of their success in live trading.
The companies backing these systems expect the unsuspecting buyer to believe this evidence proves that their robots will make them real money. In reality back-tests in themselves are worthless.
I need to make myself clear here. Back-tests are worthless unless you can validate them with live trading.
One Forex Robot has been backtested for 9 years, which means it was rigorously put through over 9000 trades. Not only that, in live trading it has been consistenely winning 85 to 100% of its trades!
You might ask, “What does that mean?” Here’s my point: If you back test a Robot and it shows 100% “demo” proof month after month, it should produce around 80-100% profit in live trading.
So when you’re shopping for a Forex robot, make sure you buy one that has a real and proven track record over time in live trading. What you are looking for is a system that will build you profits for the long run.
In my next article we’ll continue to discuss the reality of making money with a Forex Robot.
by Eric Jacobson
About the Author:
Sounds nice, but what is the reality of creating a profit from these little bits of programmed software?
The makers of most of the Forex Robots out there are quick to boast of their track record of making profits. But if you look closely, most of these Robots have shown great success in their back-test results, but can show no evidence of their success in live trading.
The companies backing these systems expect the unsuspecting buyer to believe this evidence proves that their robots will make them real money. In reality back-tests in themselves are worthless.
I need to make myself clear here. Back-tests are worthless unless you can validate them with live trading.
One Forex Robot has been backtested for 9 years, which means it was rigorously put through over 9000 trades. Not only that, in live trading it has been consistenely winning 85 to 100% of its trades!
You might ask, “What does that mean?” Here’s my point: If you back test a Robot and it shows 100% “demo” proof month after month, it should produce around 80-100% profit in live trading.
So when you’re shopping for a Forex robot, make sure you buy one that has a real and proven track record over time in live trading. What you are looking for is a system that will build you profits for the long run.
In my next article we’ll continue to discuss the reality of making money with a Forex Robot.
by Eric Jacobson
About the Author:
Eric Jacobson lives and works in the foothills of the beautiful Ozark
Mountains. He has been involved in some aspect of Internet marketing
since 1999, and has been involved in trading the Forex Market for the past
3 years. He is always looking for affordable and profitable software and programs
he tell his readers about.
Forex trading isn’t just for the “Big Boys” any longer. See how a
“smart” Forex Robot can quickly put you in profit.
http://www.squidoo.com/Automatic-Forex-Investing
December 28, 2009 No Comments
Is Your Search For Free Expert Advisors Costing You Time and Money?
Automated forex trading is becoming a popular way to trade the forex and naturally there are an increasing number of people who are searching for free expert advisors. The appeal of finding an expert advisor or EA for free is obvious but what this may be costing you in time and money might not be so obvious.
Consider what you are expecting from the EA. You are putting this piece of software in charge of managing your money. This program has the potential to earn you thousands of dollars or even millions if you are a high dollar trader. It could also lose some or all of your money. So the hundred or two hundred dollars you may pay for an EA is really insignificant. Considering what is at stake here, what is most important is to find one that has a proven track record.
You can search for free expert advisors and back test them all you want but the only way to get the real results is to test them in live trading. Live testing obviously takes time so how long is it going to take you to test all these free expert advisors? In the amount of time that may take, you could buy one that already has well documented test results in live trading, tested it yourself just to make sure and it could have already made thousands of dollars for you.
You may be able to find cracked versions of the paid expert advisors but cracks are usually older versions of software. Then what happens when MetaTrader updates their platform and your EA doesn’t work any more? If you had paid for it the programmers would give you an update and you could make 1000′s of dollars in the time it would take for you to save $150 and find another crack. Not to mention that cracks and pirated software are illegal and you are easily traceable through your forex account.
If you are serious about forex trading and want to be successful then go ahead and really get serious and buy something with a proven and well documented track record instead of spinning your wheels looking for something that may save you a little but cost you a lot.
Watch the forex expert advisor that I use trade a live account.
by M Wilson
About the Author:
Consider what you are expecting from the EA. You are putting this piece of software in charge of managing your money. This program has the potential to earn you thousands of dollars or even millions if you are a high dollar trader. It could also lose some or all of your money. So the hundred or two hundred dollars you may pay for an EA is really insignificant. Considering what is at stake here, what is most important is to find one that has a proven track record.
You can search for free expert advisors and back test them all you want but the only way to get the real results is to test them in live trading. Live testing obviously takes time so how long is it going to take you to test all these free expert advisors? In the amount of time that may take, you could buy one that already has well documented test results in live trading, tested it yourself just to make sure and it could have already made thousands of dollars for you.
You may be able to find cracked versions of the paid expert advisors but cracks are usually older versions of software. Then what happens when MetaTrader updates their platform and your EA doesn’t work any more? If you had paid for it the programmers would give you an update and you could make 1000′s of dollars in the time it would take for you to save $150 and find another crack. Not to mention that cracks and pirated software are illegal and you are easily traceable through your forex account.
If you are serious about forex trading and want to be successful then go ahead and really get serious and buy something with a proven and well documented track record instead of spinning your wheels looking for something that may save you a little but cost you a lot.
Watch the forex expert advisor that I use trade a live account.
by M Wilson
About the Author:
December 27, 2009 No Comments
Where to find expert advisors (Forex Robots)
A quick video on where you can find Forex expert advisors. Brought to you www.forextoolshop.com
by ForexToolShop
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by ForexToolShop
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December 27, 2009 No Comments
Secret About Forex Expert Advisors
www.ForexAutopilotRobot.com , Forex Robot That Is Capable Of Doubling Your Money Every Single Month. BIG Money Is Made NOT By Working Hard But By Working SMART! A trading forex robot is a software program that automatically enters and exits trades in the forex market with the intention of turning a profit. Many traders switch to these systems because they are tired of the hassle of manual trading. When trading manually you have to spend countless hours each day monitoring the market, and you also have to spend countless hours staying up to date on your current trades. A forex trading robot takes the hassle of out having to do this, but still allows you to take advantage of the income potential of the forex market. I would like to show you which robot is the best, but before that we should look at why this robot is the best.
by sgtbriter
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by sgtbriter
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December 27, 2009 No Comments
Profitable Forex Expert Advisor – Do Any Make Profits?
If you are looking for a profitable Forex Expert Advisor then you are in for a long search, as none deliver the gains they claim and the reason is obvious and enclosed in this article…
The name Forex Expert Advisor is used to make a Forex trading system sound grander but these systems are anything but expert; they lose money and never make the gains they claim – Why?
You can see the track records and claims of profit are too good to be true. They normally claim you can double your money each month or make 1,000% per annum etc and furthermore; you have to make no effort and get access to this great regular income for around $200 or less!
So does any Forex Expert Advisor make the gains they claim? Well try and find an independent track record of real trading results and you’re in for a long search. All you get is simulations backwards (knowing the closing prices) or a track record presented by the vendor with no audit.
You get lots of reviews which say these Robots work but these are normally affiliates selling the system and hoping to make a few dollars per sale which makes you think – if the system makes so much money, why don’t they just trade their way to a fortune and not bother to be affiliates?
If these systems really did work they wouldn’t be so cheap, as the system would be sold to a big investment house for tens or even hundreds of millions of dollars or the vendor would be making so much money, he wouldn’t bother selling it or using affiliates.
The rise of online Forex trading has seen the Forex trading open up to the little guy and these systems cater for the naïve and lazy trader, who thinks Forex trading, is easy. These traders soon learn its not, as the markets turn the Expert Advisors to dust.
If you want to make money at Forex trading, forget the sure fire easy route and do what successful traders do:
Get a good solid Forex education, learn skills, get confidence and then trade with discipline. If you do this, you can enjoy currency trading success and earn a great second or life changing income.
by Samuel Leslie Berkovits
About the Author:
The name Forex Expert Advisor is used to make a Forex trading system sound grander but these systems are anything but expert; they lose money and never make the gains they claim – Why?
You can see the track records and claims of profit are too good to be true. They normally claim you can double your money each month or make 1,000% per annum etc and furthermore; you have to make no effort and get access to this great regular income for around $200 or less!
So does any Forex Expert Advisor make the gains they claim? Well try and find an independent track record of real trading results and you’re in for a long search. All you get is simulations backwards (knowing the closing prices) or a track record presented by the vendor with no audit.
You get lots of reviews which say these Robots work but these are normally affiliates selling the system and hoping to make a few dollars per sale which makes you think – if the system makes so much money, why don’t they just trade their way to a fortune and not bother to be affiliates?
If these systems really did work they wouldn’t be so cheap, as the system would be sold to a big investment house for tens or even hundreds of millions of dollars or the vendor would be making so much money, he wouldn’t bother selling it or using affiliates.
The rise of online Forex trading has seen the Forex trading open up to the little guy and these systems cater for the naïve and lazy trader, who thinks Forex trading, is easy. These traders soon learn its not, as the markets turn the Expert Advisors to dust.
If you want to make money at Forex trading, forget the sure fire easy route and do what successful traders do:
Get a good solid Forex education, learn skills, get confidence and then trade with discipline. If you do this, you can enjoy currency trading success and earn a great second or life changing income.
by Samuel Leslie Berkovits
About the Author:
NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf’s, with 50 of pages of essential info on s Successful Forex Trading Techniques visit our website at: http://www.learncurrencytradingonline.com
December 26, 2009 No Comments
Forex Expert Advisor
Before giving you the 3 reasons to use an expert advisor for trading the Forex market, let’s answer this : what is a Forex Expert Advisor ? An expert advisor is an automated system, a program that will trade automatically the forex for you. It is most of the time developed to run with MetaTrader, the trading platform, and is composed of two or three files that you just have to copy in your installation directory. Then, when you launch MetaTrader, you just have to select the expert and apply it to a chart pair, and it will start to analyze the market and trade it.
Make Huge Profits In The Forex Markets With Forex Wealth Builder
Now that you know what is an Expert Advisor, here are the reasons you may want to use one.
1. No need to be a trader.
No real experience is needed to use an expert advisor. Of course, if you want to monitor it yourself or even trade with the expert advisor running simultaneously, you are free to do so. But the advantage to stay away from your computer and do what you want is not negligible. It may be a great choice for investors who don’t have time to trade. If your not a trader, you can keep your job and let the expert run when you are not at home !
2. No emotions involved.
That’s a fact, trading emotion free is a skill every trader has to learn. Sometimes, we want to enter or exit a trade earlier or later than we should an lose money. The expert advisor is not guided by emotions, only technical analysis.
3. It’s cheap.
This is true, some expert advisors cost more than $1,000, however if you compare to the advantages it brings, it’s easy to understand that it’s not that expensive. The return on investment can be huge. Of course it will have some losing trades, but in the long run the expert advisor will be very profitable. Note that you should always be able to test the expert advisor before buying it.
A good example of Expert Advisor is RobinHood. This expert advisor trades the EUR/USD pair, and have been tested for the Automated Trading Championship 2006 and won 100% of its trade. It costs $299, but it returned a lot more.
Click For The BIG System to Making REAL MONEY on The FOREX
by Thomas
About the Author:
Make Huge Profits In The Forex Markets With Forex Wealth Builder
Now that you know what is an Expert Advisor, here are the reasons you may want to use one.
1. No need to be a trader.
No real experience is needed to use an expert advisor. Of course, if you want to monitor it yourself or even trade with the expert advisor running simultaneously, you are free to do so. But the advantage to stay away from your computer and do what you want is not negligible. It may be a great choice for investors who don’t have time to trade. If your not a trader, you can keep your job and let the expert run when you are not at home !
2. No emotions involved.
That’s a fact, trading emotion free is a skill every trader has to learn. Sometimes, we want to enter or exit a trade earlier or later than we should an lose money. The expert advisor is not guided by emotions, only technical analysis.
3. It’s cheap.
This is true, some expert advisors cost more than $1,000, however if you compare to the advantages it brings, it’s easy to understand that it’s not that expensive. The return on investment can be huge. Of course it will have some losing trades, but in the long run the expert advisor will be very profitable. Note that you should always be able to test the expert advisor before buying it.
A good example of Expert Advisor is RobinHood. This expert advisor trades the EUR/USD pair, and have been tested for the Automated Trading Championship 2006 and won 100% of its trade. It costs $299, but it returned a lot more.
Click For The BIG System to Making REAL MONEY on The FOREX
by Thomas
About the Author:
Best Forex Automatic Robot Program and other Related Resources:
- Best Professional Forex Trading Robot, Top Automated System
- Trading with an automatic Robot that doubles cash every month!
- Forex MegaDroid Indisputably Proves A Robot Can Trade With 95.82% Accuracy
December 26, 2009 No Comments
How To Install, Load & Run Expert Advisors & Indicators MT4
For the Metatrader MT4 platform by Financial Resource Group www.MetatraderExpertAdvisors.com
by horizonfgi
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by horizonfgi
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December 25, 2009 No Comments
