Forex Automatic Trading Robots

By Marty Alison

You may be deciding between a Forex automatic trading robots or an autopilot system. When you do an online lookup for them, you will be hounded by everyone to buy their product. The basic idea is that these programs will help you pick the trades for you. Bots on the other hand will actually buy and sell them without you doing anything.

The premise of the Forex autopilot is that the program will be able to identify the trends and make suggestions for you to buy and sell pairs of currency. Usually it's in the form of a red, green and yellow light system.

Autopilot systems are a dime a dozen. You need to do some research on the items you wish to use since some are great and others not so great. You can preview demonstrations at the websites as well as read up on their message board which ones will work of you.

When you are reviewing the sites, look for demonstrations that use live accounts. You really want the creators of the autopilot to put their money where their mouth is. It's hard to tell if the demonstration is real or if it's been forged.

Ultimately the best way to test them is find one that will offer a trial or money back guarantee. Then simply create a dummy account at a broker and run the autopilot for a week or so and see if it can hold up to the trading that you do. This way you won't risk your own money in the process.

Forex automatic trading robots & autopilot systems are easy to learn. But like chess, learning and mastering the system is two completely different systems. The Forex market is the most liquid and lucrative market out there. You have the chance for the most gain, and the highest risk of loss. Be sure you fully understand what you are doing before you start trading. - 23199

About the Author:

Click here to learn more about Forex Automatic Trading Robots!

The Real Forex Megadroid Review

By Aaron Roberts

My Megadroid Review

This Megadroid review looks pretty closely at the new software that says it's looking into the immediate future with over a 95% accuracy rate so far. Sure, artificial intelligence is one thing but actually predicting the future is quiet another. So then how does the megadroid measure up in reality? Can it really foretell the movements of the markets?

How Does It Work

This forex software has taken well over 30 years to develop and was finally been launched in early 2009. It uses a sort of market adaptive intelligence to make it flexible enough in achieving a very high rate of accuracy in a turbulent market setting.

One of the criticisms about automated software like this is the rigidity of the rules the software must adhere to. This means it that it couldn't typically anticipate the changes in the currency markets and adapt like a human would.

However, the new market adapting intelligence, as you might guess from the name, allows a new generation of forex robots to learn from these changing patterns so that they can adapt to a certain amount of inconsistency in the markets and refine their trading rules to fit. This gives your funds a much better chance of surviving when things become more than usually volatile.

Of course we are not talking about long term predictions. Forex Megadroid's reverse correlated time and price analysis (RCTPA) aims to predict market movements in the next 2 to 4 hours.

What are the results...?

The software has only been put through its paces in the public for approximately 6 weeks at present. But early reports from traders in currency exchange forums seem to be very positive nonetheless, with reports of over 90% successful trades.

The bot needs to win 5 trades for every loss so a ratio of 90% will make good profits. Keep in mind though that this does not mean always 9 wins followed by 1 loss. You could have a couple of losses in short succession which will eat into gains and could frighten off beginners. Experienced traders know that losses are part of the game and must be prepared for them.

Some users have reported an amazing 10% to 20% increase on their life accounts over a 30 day period which is indeed a very amazing track record.

Any Disadvantages?

Some traders have reported that Forex Megadroid didn't make as many trades as they wanted at first. People were seeing only three or four trades per week. This meant that unless you wanted to risk larger amounts of money you wouldn't have had a chance to make money quicker, which is of course what most people want to do.

However, a slow and steady approach is much more likely to lead to long term growth. If this software teaches beginners to look to the long term instead of trying to make a fortune overnight, it will be doing us all a service. So have patience while your bot is sitting there waiting to trade.

Anyhow, the most recent version seems to have addressed that particular issue with 10 or more trades per week being reported. - 23199

About the Author:

So what's the final verdict on Forex Megadroid Review...? You'll want to go here to check out what I really think about this forex software.

Forex Trade Basics

By Bart Icles

Foreign Exchange, Forex, or just plain FX are the names used to describe the trading of the currencies of the countries around the world. By far, the Forex Market is the largest trading market compared to stock or futures trading market and other investment portfolios. Majority of Forex trading is based on speculation done by individual and institutional speculators which is roughly about 85% of the market, with the remaining 15% of trading for goods and services. Forex trade transactions amount to more than USD 1 - 3 trillion on average in a daily basis.

The main purpose of the Forex market is to help facilitate the trade and investment of various investors of the world by providing the means to exchange one currency to another.

Forex market business is termed as an OTC (over the counter) market, and is facilitated by "interbank" marketing such as email, fax, or phone. For a trade to be consummated there has to be two parties directly involved by way of telephone or electronic networks. Forex Trading is not conducted by a central exchange, nor by one ruling central body but through the many trading centers spread across the world. These are in Sydney, Tokyo, London, Frankfurt, and New York. With a trading system so designed, the Forex market is able to operate non-stop in all days of the weeks except Sundays.

In essence, a currency trade is when there is the simultaneous buying and selling of one currency to another currency - usually for one that it is paired against. This currency combination is termed as a cross, e.g. the EURO/USD, or the GB/Japanese Yen. Currencies that are most commonly traded as known as the "majors" like the EURO/USD, USD/JPY, USD/CHF, and the GBP/USD. The USD is currently ranked as the top traded currency in the world, followed closely behind by the Euro, Japanese Yen, Pound Sterling, Swiss Franc, Australian dollar, Canadian dollar, Swedish Krona, and so on.

Some common yet important Forex trading terms to remember are the spreads and Pips. Spreads means the difference between the price of a currency that any trader can sell at (Bid) and the price a currency can be bought at (Ask). A Pip is the smallest increment by which a cross price changes. In Forex trading a trader may often encounter a 3 Pip spread when trading majors. This spread is seen when comparing the bid and ask price of a paired currency. An example would be: EUR/USD quote is with a bid price of 0. 9876 with an ask price of 0.9879 = USD 0.0003 or 3 pips. - 23199

About the Author:

How do you become a phenomenal forex trader? Also, come learn how to determine if forex day trading is for you.

Forex Trading

By Matt Ferency

Ever wondered why there is a difference in British pounds to U.S dollars? Or maybe you have wondered why there is a substantial difference in worth between Chinese Yen, and the U.S dollar? Well the reason why is that they are traded on the open market just like any other stock. This trading goes on, within the Forex trading market. The Forex stands for the foreign exchange market and does nothing but trade currencies.

Trading the Forex can be tricky if you do not know what you are doing. And just like any other stock that you have traded there is no guarantee that you will make money, and every time you play you are putting the money invested at risk.

Learning how to trade a specific part of the market before you dive into it is essential. The best way to do that is by paper trading. Paper trading is where you take play money and execute trades just like you would with real money but keep tabs on you're own and see how you do. Once you have established more consistent winners than losers then you are ready to get started with real money.

The best thing to do is to go to you're broker and talk to him/her and find out a little more about the Forex market. The broker typically can set you up with some type of training account so that you can learn to trade the market. The nice benefit to trading the Forex market, is that its not like day trading where you need a substantial amount of capitol upfront, and a couple hundred dollars can get you started.

The best way to understand Forex is by doing. Use a dummy account, jump in and learn as you go. It is a little harder to learn strategies that help you earn the most money but luckily there are many ways you can learn these tricks and tips you need to be successful.

Consider attending Forex trading seminars that are put on by brokers or successful traders. There are also instructional DVDs you can order that will give you in depth training. The more time you invest in your Forex education, the more money you stand to earn.

In this day and age the best way to get any information you need is through the internet. The internet has all the tools that you need such as web seminars, eBooks, chat rooms, and even Forex trading software.

With the amount of brokers that are out there today you have to understand that there are some out there that focus, or specialize in a specific area of the market. With that said you will need to make sure that you find a broker that fits exactly what you need and can set you up with a dummy account to get you started.

With the technology that is out there, you will need to make sure that you have two required things for effective trading. Those two things are an up-to-date computer and high speed internet. You will need these to download the latest software, and to watch your stocks in real time.

The hardest part of trading the Forex market is convincing yourself that you will not lose everything. If you properly educate yourself, and take advantage of all the tools that you have, you will be on you're way to being ready to trade the Forex market effectively. There are already a lot of people and businesses that trade the Forex, and are successful doing it. This could be you too! Just get out there and get started trading and learning by paper trading! - 23199

About the Author:

You may read the latest forex articles here.

What Are The Most Common Foreclosure Scams

By Doc Schmyz

Home foreclosure is a VERY common problem that people face today. More often than not it starts from one missed payment which the spirals out of control. Before you know it you have missed three or four payments and the lender/ bank wants you to pay everything you owe all at once. Now the home owner panics and is looking for some type of "help". This is the mindset that sets someone up to become a statistic to a scam artist.

This is when the swindlers and crooks find their way into your mailbox or give you a call. Foreclosure scams are as common as the problem itself. Since homeowners believe that they have no choice they fall for these traps and make their situation much worse than it was before. It is not uncommon for these scams to lead to even greater financial problems then the homeowner faced in the first place. In some cases the homeowner ends up becoming a identity theft case as well.

Scam operators also distribute flyers,advertise online, publish advertisements in the local newspaper, and call homes which are included on the foreclosure list. They call themselves mortgage consultants who offer foreclosure services or advertise with "We buy houses" slogans and signs. In the last few years they have also begun to get involved with local real estate investment groups as well.

Common scams:

Bankruptcy Foreclosure Scam

This scam operates by promising the homeowner that their house will be saved. In return they will either ask for the homeowner to pay their mortgage directly to them, hand over their deed and pay rent, or obtain refinancing. Of course these crooks never do anything for you...they contact NO ONE on your behalf. They keep all the money and file bankruptcy without your knowledge. Eventually they just skip out on you.

Since the homeowner is not aware that bankruptcy has been filed, they fail to participate in the case. The case is dismissed and the house continues onto foreclosure. Apart from loosing money and your home, you will also have a bankruptcy on your record.

Equity skimming

The scam artist poses as a buyer. They then promise the homeowner to pay the mortgage or given them a sum of money once the property has been sold. The operator then convinces the homeowner to sign over the deed and move out. The homeowner can stay but they have to pay rent. If they opt to move out the operator lets a third party rent the property. The operator does not pay the mortgage and lets the mortgage lender foreclose. and of course they skip town and are never seen/heard from again.

If the house has equity, the operator sells the property and pays off the debt. Then the operator keeps the equity that the homeowner could have had if they sold it. In few cases, the scam operator actually finds a buyer or sells the house. - 23199

About the Author:

Doc Schmyz has invested all over the US. He built a free free website shares Real estate investing information for all over the US. Find Real estate investing information by state