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Sunday, August 9, 2009

Making Money Online With Forex: Forex Robots Trading Software Review

By Phil Jarvie

To a person new to the idea of forex trading, it may all seem far to confusing to even consider it. But if you ever wanted to work from home with an independent income then it is worth you taking a closer look at forex trading. The old days of forex only being available to large banks and brokers with professional and highly specialized full time traders are gone. yes they still exist, but also available in the last few years is software that makes home traders just as able to make a great income. Some of the software is used manually. Importantly however, there are many automated forex trading robots that will trade on your account while you do absolutely nothing.

Forex trading involves leverage. Leverage is where for every $1 you commit, you are controlling perhaps $100 or $200 etc. The leverage on your account can be chosen by you and also the broker you chose to work with. What the software does is it makes your buying and selling decisions for you - so you don't need to be the expert. Automatic and automated forex software trading systems provide you with expertise of a trader without you being an expert. Now when it comes to these forex robot and software programs you have a lot of different choices ahead of you. Just to name a few:

Which is the biggest software robot on the market? Without question it is called Fap Turbo. 37,000 users have bought this forex robot over the past 9 years and it really is the industry heavy-weight. Fap Winner is the additional package you must buy as it gives Fap Turbo and Fap users the best insights and settings to use to get the best profits out of them in changing market conditions. As the biggest, you will definitely need this expert advisor forex robot in your tool kit. But there is more.

Forex Maestro: The Forex Maestro is actually the work of one of these "secret think tanks" - and many have said the author of the program never gave his consent for it to be sold. It was made available and circulated within the private members of the club, but no one had permission to sell it, or rename it or to do anything with it other than private use and testing. Be that as it may, it has been successfully sold in the market place for quite some time now, and it is worth considering as part of your toolkit.

A lesser known forex robot is called the Forex Funnel. All forex vendors have tacky sales pages, and this one is no different. But after you get past to high pressure sales tactics and sales hype, this robot a serious tool. It is designed to operate on larger trading accounts, and it is not for beginners. You should have at least $5,000 in your trading account, and because it is aggressive when it gets going, I recommend it only for experienced players. If you are new to forex trading, then come back to have another look at this robot in 6 months time.

All of these programs are "good", but which is the best one to go with? Which one HAS made people money? What has the best design, is helpful for newbies and has the best user-interface? In this case, I would suggest that you check out some of the nicer review sites online that specifically feature these bots. The reviewer is going to list a summary about the product, whether its recommended, why, what it does, how it does it, what kind of leverage you are looking at and where it can be bought.

The temptation is to fall victim to the sales claims made by the forex robot vendors. Remember they are not your friend. Remember that much of what they claim is lies and fluff designed to trap you into their web. Know that they are appealing to your/human greed and laziness. Of course everyone wants fast, lazy and huge profits. But being realistic, if all their claims were true then they don't need to sell you anything - they could simply use their own forex software to compound profits into many tens of millions of dollars. Be smart about this and you will soon have a new career as a forex trader. First thing is first. You have some things to learn first. - 23199

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