Looking for a quality forex robot. Any suggestions?
I recently started reading about forex robots that do forex trading for you and make profits as a result. I decided that this was interesting enough to investigate further.
Basically, I have seen a number of these robots on the internet, all of which have been highly recommended by various sources. Can anyone recommend a forex robot that would work well for me?
If I do decide to do automated forex trading, I can only give an initial investment of about $200, so it has to be a robot that can work with small deposits. Also, I would prefer this robot to be fully automated, though I’m open to accepting robots which require some management. If the robot is free, I would also prefer that, though I don’t mind paying for it (why do these people need to charge money for a system that is used to make an income?). While I’m at it, can anyone suggest a forex trader that will accept a deposit that small, allows trial runs on a free account, is registered with the NFA (http://www.nfa.futures.org/ ) and the CFTC (http://www.cftc.gov/ ) and is compatible with the selected robot?
So that is my question. I am aware that there are people that will try to use their answer to promote the product of their choice (even if it means lying) and will earn some commission when I purchase the robot. So I have to set some rules for the answers provided here:
No Affiliate links or links to sites with affiliate links,
No redirect pages
No testimonies from people who haven’t used the forex robot mentioned in their answer.
I already know where some of the more well known forex robots are found and a search engine can probably find me the rest. As a result of these rules, there is no reason for anyone to give a glowing testimony they would usually use to sell the robot, since said people aren’t allowed to use affiliate links and hence can’t earn commission from a sale. If you need to put a link to the forex robot’s main web page, use the actual page’s address instead of one with your affiliate link in it. And don’t put the link to the page in a redirect link (such as Tiny URL.com) because that can be used to hide an affiliate link.
The third rule also applies to people who haven’t used forex robots because they think they are scams. I would prefer answers from people that have genuinely used a robot and can share their real experiences with it.
So that is my question. I say thank you to everyone who decides to answer my question.
http://bizsolbiz.com
i hope that resolve your problem.
It didn’t! It’s a search engine.
http://bizsolbiz.com
i hope that resolve your problem.
- Unfortunately it didn’t help me! It appears to be a search engine and the only info on Forex I found was one paragraph with no link to products or more info.
@Gobbler
- Like I said in my question, I would prefer a negative answer from someone who has actually had a bad experience with forex robots. The reason for this is that you, for example, might say that forex robots are scams when in reality, they are actually real money makers. And because someone like you scared me off with a negative opinion, I never get to utilise this income opportunity. I agree that there are scams that are labelled as legitimate income opportunuites, but on the other hand, the same logic holds that there are legitimate income opportunuites that might get labelled as scams.
no robots trading .honestly they dont work.
my advise is use any auto trading strategy.now a days forex yard started auto trading strategy by proffessionals. u can find here more use full info about it
http://forexplatformslist.com
- Thank you for that. Have you personally used a forex robot? As for forex yard, your link was a bit unclear as to what it actually involves. I know that forex robots interact with your forex account to buy and sell forex for you at a profit. How does forex yard do automatic trading though? Could you please provide me with more info in this regard?
@Advisor
Thank you for your answer. Unfortunately, the website you linked to has an affiliate link (most likely yours) to the product’s page. I clearly said, "No Affiliate links or links to sites with affiliate links", which you have done in your answer.
You are correct, I am a careful person. That is why I now have serious concerns about the quality of your answer. Not eligible for Best Answer award!
@Livermore
The best recommendation I can give you is this one: Forget Forex Robots. They are useless.
- Do you say that forex robots are useless because you have used some and they didn’t work or because you have made an assumption? Please provide evidence that they are useless. That goes for Jack as well.
Just some more comments for Julie:
Paragraph 1:
- You do have a point there.
2: That’s why I made the "No affiliate links" rule. That way, their lies won’t earn them a commission. In fact, I just dismissed one answer here because they put an affiliate link in their answer. There is no way I am going to trust their answer, even if the affiliate link is removed.
3: That might be correct as well. In their defense though, it is common knowledge that you should test the forex robot on a demo account before you invest real money into it. Hence, the people who use the robot should have more than enough warning that it doesn’t work before they start bragging about their sucesses.
4: Could just be a marketing technique. They go to any measure to convince people that their product is the best, even if it means lying about their competitors.
5: That’s why this question exists, to get that proof. Furthermore, can you please share the details for the forex robots you HAVE tried in the past?
The best recommendation I can give you is this one: Forget Forex Robots. They are useless. If you want to make money in Forex, work on it and develop your own trading system.
Since I haven’t used Forex robots, I don’t fit your requirements to answer the question. However I will put in my two cents any way. The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
References :
http://www.cftc.gov/opa/enf98/opaforexa15.htm
http://www.cftc.gov/customerprotection/fraudawarenessandprevention/fraudadvisories/fraudadv_tradingsystem.html
hi,
no robots trading .honestly they dont work and dont waste ur money for it.
my advise is use any auto trading strategy.now a days forex yard started auto trading strategy by proffessionals.try it .i got great results.u can find here more use full info about it
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http://forexplatformslist.com
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good luck
References :
I think Your Questions seems that you are very careful person to choose every step .
Here lot of persons conceals their answers for your question for me i tested lot of robots now i settled with ivybot automated robots it works for me 98% and it attacks 4 currency pairs .
Here You be Check it with Demo account
References :
http://ivybotforextrading.blogspot.com
The best recommendation I can give you is this one: Forget Forex Robots. They are useless. If you want to make money in Forex, work on it and develop your own trading system.
References :
Sorry to disillusion you but NO forex bot will ever make a consistent profit over time. If you have been convinced of this you’ve been duped. Here’s why:
The FOREX market is, over all, very volatile and subject to change. It’s very possible, heck, it’s EASY to make a robot that will make profit in the short term. However, when you project the bot’s performance into the future, when you track for years of live data (I’m not talking about a back test, those are very misleading) you will see that it can’t adapt to the changing market and it will start losing money hand over fist.
The sellers of bots know this. They sell bots that can make profit short term and make you happy just long enough for the money back guarantee to lapse. Then you are stuck with a clunker when the market dynamics change.
Don’t believe me? Go ahead and buy one.
I don’t buy forex robots because I know that they are scams..if you ignore my answer because of that then imo you are fool and diserve to get ripped off.
References :
Hi,
We would advise you avoid all robots.
For example, if we had developed a robot that truly worked (we are not even trying, its a hypothetical statement) do you think we would waste our time selling it and posting on websites about it ! I think not – and I think it should eliminate your interest in robots.
Our site contains 100% Independent and Honest reviews of Trading systems and services. Yes, we are truly and honestly not selling anything and are in the process of having a regular feature in the Investors Chronicle, you can read the first published feature on our website too. If you are interested in Trading systems and services you should find out reviews of value.
Hope it helps.
ReviewTeam
References :
http://www.systemsfortraders.com