Been looking at this world of money lately, anyone have any experience? Some of the robots appear to do a good job, but would it beat manual, etc?
Anyone messed with FOREX and FOREX Robots?
- Thread starter papajohn56
- Start date
it's possible to make good profits with forex "robots" but you still need to watch it going. When to put more money or cash your profits is really important usually, you don't want to confuse the robot (ease thing to do when you start messing with the trades manually on the side)
it's a very good opportunity to make some good money but teh robot cant do everything, you have to watch it and tweak it yourself..
btw nice avatar JoseArmando
btw nice avatar JoseArmando
btw nice avatar JoseArmando
Glad you like it bro
As for forex robots... It's the same as with any "automated" means of money making.
Out of the box it's useless, but in expert hands it can save time, ergo make you more money.
Though, I've sold quite a few as an affiliate, $ per sale is huge AND they sell like hotcakes. It's like rebill bizopps we push.
Never dabbled with any forex robots, but I have done my fair share of forex trading.
I'd highly recommend Forex Trading Online: Foreign Exchange (FX) Currency Trading Made Fun when learning.
I'd highly recommend Forex Trading Online: Foreign Exchange (FX) Currency Trading Made Fun when learning.
It does not work, it's as simple as that. Forex investing on the internet has become a great way to grab a bunch of money from idiots and that's about it.
Picking stocks has some merit because you CAN beat big funds because you can buy stocks and have flexibility they can't mostly due to your size. There is no such advantage in the Forex markets for the little guy, you just pay higher fees.
Someone else already said it, "It's a great thing... to sell."
Picking stocks has some merit because you CAN beat big funds because you can buy stocks and have flexibility they can't mostly due to your size. There is no such advantage in the Forex markets for the little guy, you just pay higher fees.
Someone else already said it, "It's a great thing... to sell."
My forex robot is so awsum I just push teh button and teh monies drop into my bank account like a big golden turd
I will nevar aff market again
BOOYAH
I will nevar aff market again
BOOYAH
you can't make money with forex like you can't make money with affiliate marketing.
i did it over a couple months a couple years ago, and made 24% return on ma monies. but it's stressful like a motherfucker, i just couldn't handle the amount of effort needed...then again, I don't think I truly really knew what I was doing.
i did it over a couple months a couple years ago, and made 24% return on ma monies. but it's stressful like a motherfucker, i just couldn't handle the amount of effort needed...then again, I don't think I truly really knew what I was doing.
try the forex demo at fxcm.com and the robots dont work and if they did its like one trade a week
proof here Ivybot Review
look into http://timothysykes.com/
proof here Ivybot Review
look into http://timothysykes.com/
Forex robots suck, plain and simple. They may work today but if market conditions change ( which they always do) or the robots pick a trade right before news hits, then your screwed. Most of these EA's for the MT4 platform are setup on one type of trade ( most are scalping, but some or position trades and swing trades). plus the EA's will not take into consideration your drawdowns. What use is a robot if it takes up your margin due to the fact it is setup to take a 300 pip drawdown in hopes the market will retrace to the 50% fib? They suck.
Auto is not the way to trade. Read a lot and fail a lot. The reason most lose is they get emotional and dont follow their system.
Learn Fibs, Pivot Points, Candlestick patterns, find a strategy your comfortable with whether it be MA based, CCI/Stochs , bollinger bands etc. Find a strategy and stick with it. Screw bots.
Auto is not the way to trade. Read a lot and fail a lot. The reason most lose is they get emotional and dont follow their system.
Learn Fibs, Pivot Points, Candlestick patterns, find a strategy your comfortable with whether it be MA based, CCI/Stochs , bollinger bands etc. Find a strategy and stick with it. Screw bots.
The only thing that's ever worked for me and it's not like I know what I'm doing..
I check the 52 week high lows. Pick 5 to 10 that are definetly trending in a certain direction then ride the tread. 6 to 7 out of the 10 usually make money. the market has to be trending though. Not floundering like it is now.
I check the 52 week high lows. Pick 5 to 10 that are definetly trending in a certain direction then ride the tread. 6 to 7 out of the 10 usually make money. the market has to be trending though. Not floundering like it is now.
Hey, I've been mixed into Forex trading for over 5 years now. It all started when I was 15 (25 now) and I managed to flip a small account trading momentum stocks.
So after 5 years I've blown a few accounts bouncing all around. Find something simple to use as manual system then STAY with it. STAY AWAY FROM FOREX FORUMS and GRAIL ROBOTS. I do know some really success traders and they preach self discipline as the wholy grail.
If you are going to be able to trade successfully or want to, you need to be able to trade the markets from 2:00am-11:00am EST (NY TIME) The reason being is London Markets(main force) and the US Session are active during those hours.
Many full time traders trade Futures Markets because they are more "regulated"
If you want to become a trader check out ► TradingNaked - "The interpretation and application of price action concepts" aka tradingnaked.com
1 tip along the way: Teachers get paid to teach. Traders get paid to trade.
If you plan to trade forex, stocks, or any market make sure you read: The Disciplined Traders: by Mark Douglas ..
If you do a search on Mark Dogulas look for his Video he did and watch that if you'd rather watch a movie then read a book.
So after 5 years I've blown a few accounts bouncing all around. Find something simple to use as manual system then STAY with it. STAY AWAY FROM FOREX FORUMS and GRAIL ROBOTS. I do know some really success traders and they preach self discipline as the wholy grail.
If you are going to be able to trade successfully or want to, you need to be able to trade the markets from 2:00am-11:00am EST (NY TIME) The reason being is London Markets(main force) and the US Session are active during those hours.
Many full time traders trade Futures Markets because they are more "regulated"
If you want to become a trader check out ► TradingNaked - "The interpretation and application of price action concepts" aka tradingnaked.com
1 tip along the way: Teachers get paid to teach. Traders get paid to trade.
If you plan to trade forex, stocks, or any market make sure you read: The Disciplined Traders: by Mark Douglas ..
If you do a search on Mark Dogulas look for his Video he did and watch that if you'd rather watch a movie then read a book.
That's what it looked like, I had seen a lot of talk about them, but it's just a bunch of bullshit clickbank offers I see. Every claim is based on "back testing", which doesn't take news or market factors into account.