Q&A: How does an automated forex trading system work?

by David Jenyns on June 5, 2011

Question by detra denison: How does an automated forex trading system work?
Might be nice if someone can simplify how it works. I am also looking for an automated forex trading system too.

Best answer:

Answer by ada
Automated forex trading systems (robots) are just a tool. Like any tool their success ultimately depends on the person using it. There are many people that make a ton of money from forex trading.

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

Know better? Leave your own answer in the comments!

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Forex Advisor June 5, 2011 at 11:59 am

Yes my dear ,

Automated forex Trading is a Software (robot’s) Hand’s free Work. We can simply it is a Expert Adviser. It has made up By algorithms and formula’s So it trades by according to the data base .

Here is Quite Profitable robot Released on 28th July 2009. I Have been Using for last 2 weeks quite getting profits With this robot.

Here is Brief description for it and how it’s Work And How it’s Developed .

Take a look for Yourself.

Secrets From The Heart June 5, 2011 at 12:54 pm

Secrets From The Heart has reduced risk Expert Advisers, custom programming and a FREE margin calculator. Check it out.

Paul U June 5, 2011 at 1:35 pm

Automated trading systems do work … to an extent.

You must keep in mind that there are many elements that effect the Forex market and no system can anticipate and react to all of them. just like no individual can anticipate and react to all of them.

The benefit of a Forex robot is that it monitors the market 24/7 and enters and exits positions based on a set of very specific rules. It eliminates the emotions of fear and greed that cause most traders to lose money.

I belong to a private group that trades with 9 different Forex robots.

The thing that I find most interesting is that different robots have different levels of success in different market conditions.

FAP Turbo seems to be pretty consistent. IvyBot has us all pretty excited. FAP Evolution is worth keeping your eyes on when it becomes available again.

Spreading an investment across multiple robots has proven to be a very good strategy.

Best wishes for your success.

Paul

Forex Expert June 5, 2011 at 1:56 pm

If you new to forex trading then using automated trading robots makes your life easier. Forex Automated Trading Systems can perform mountains of work to distribute to you the greatest opportunities obtainable at that instance.

Advanatges Of using Automated Trading Robot :

> No need to trade the system physically .

> Automated trading can take trades at anytime of the day or night

>An automated system is unaffected by a traderís psychology

> Automated Trading Systems are human friendly programmable System to under and to trade easily.

Disadvantages :

> Today there are many systems available in online market and some are scams.You need to choose right one.

>Traders tend to be too dependent on these programs.

Thamotharan June 5, 2011 at 2:16 pm

Forex Tester is the best trading software system for learning and doing online.

here:
http://forextradingcourss.blogspot.com/

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