by admin on April 20, 2009
The development of forex expert advisors has brought a slew of new forex traders into the market and has also helped automate forex trading for the seasoned forex day traders. But just how exactly does an expert advisor work and how can it help you to automated your daily trading and monitoring tasks?
Here is exactly how an expert advisor works. It is a piece of software that has built in perameters that will monitor the forex markets and a forex pair to watch for when the market meets the criteria to open a trade. This expert advisor, or forex software, is installed into a forex trading platform, such as the metatrader 4 and set to active on a currency trading pair. Once activated, it will go to work, monitoring the market for you, waiting for the market to hit those certain conditions so that it can open and executed trades for you, even when your not at your computer. It is all done on autopilot.
The ease of using forex expert advisors and the promise of making fortunes with them is what has drawn so many new forex traders to the fx marketplace. Usually the creators of these advisors test these for a short time on live accounts to post the results to the sales page. While most of them post impressive numbers, sometimes you need to be aware of some of these advisors that need a little more manual tweeking to really get the effectiveness out of the software that many beginners will not know how to do. But in regards to a seasoned forex trader, these automated pieces of softare can be tweeked to a certain point that can automate exactly how you want to monitor the markets and open and close trades so you won’t have to be at your computer at all. This is the true power of these robots.
However, this is not to say that some robots will not work for the beginner traders. Some forex expert advisors work very well “out of the box” without any configuration needed by the user and the Forex MegaDroid, one of the most recent EA’s to be released is making it even easier for users to get up and running. In the members area, they not only provide the EA to be installed on a trading platform, but the provide the trading platform with the Mega Droid already installed on the trading platform, so all you need to do is download the platform and fire it up on your computer and its ready to start trading on a demo or live account, whichever you prefer.
by admin on April 19, 2009
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*Our Top Rated Forex Trading Product*
General Information
Fap turbo is an automated forex trading software that proved to be profitable over the long term and to work well for both big and small size accounts. It generated a profit of over 5,000% in about 9 years of back testing.
Product Details
Fap Turbo is not the product of a well known forex guru but the hard work of three IT geeks, Mike, Ulrich and Steve. They were challenged by Marcus Leary, the creator of the well known ForexAutoPilot software, to improve his trading program. The condition was that, if they can do it, they will keep the new version.
The back tests and live trading results show that Fap Turbo produce greater returns and have a better winning rate than the original trading program.
Product Features
- Higher returns than the original ForexAutoPilot
- Over 95% wining trades
- Easy to install
- Unlimited number of trading accounts
- 60 day money back guarantee
Price: $149 one time payment
Return Policy: 60 day money back guarantee
Our Verdict
I’ll be honest, I don’t generally like automatic Forex trading robots. I just feel like the market is too unpredictable and I feel nervous leaving everything in the hands of a machine. However (there’s always a however) this one really hit it out of the park, and for me to say that is really a surprise.
I installed it on my own computer (although you can easily run it on their server if you don’t like leaving your computer on 24/7) and the installation was a breeze. I have been using a demo account and so far the results are extremely promising. I’d go so far as to say they are the best results I have ever seen from a Forex trading robot.
I also put in a fake customer support complaint to test their help center and I am pleased to say they responded very quickly, so two thumbs up there.
So, should you buy FAP Turbo? From my early thoughts I think this software could be used by a beginner or an expert. Newbies will like the simplicity while experts will like the ease of use. If you don’t like trading the market automatically then this isn’t going to change your mind, but if you don’t mind taking the easy way then this is probably the best product you can get. I highly recommend it!
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Consumer Feedback
“Yes, I have tried this software with great success! I have now made $2500 in the last week after investing $1000 into my forex account. I have also tried other Forex software such as Forex Funnel but lost money…”
Part of actual user review from yahoo.answers.com
“In the space of one week of testing on my demo account, the robots made 28 trades and 27 of those trades ended up in profit (96% accuracy rate). I simulated with a starting capital of $1,000 and it ended the week on $1,175. Immediately I attached the robot to one of live accounts and today it is generating returns similar to that of my demo account”
Part of actual user review from ezinearticles.com
“FAP Turbo give me a PROOF REPORT that is absolutely incredible. It shows the new kid on the block, FapTurbo trade real monetary accounts in the sizes of $ 370 and $2,500 and it triples them more in under a month”
Part of actual user review from squidoo.com
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by admin on April 17, 2009
With the problems in the current economy, many people are looking for ways to make extra money online. Forex Trading (Foreign Exchange, currency trading, or FX) is a great way to make extra money online or even use it to replace your current income. You need to learn some basic trading skills and you will be on your way to making money online in Forex. Unlike other types of trading, you don’t need to sit around online waiting after you place a trade, with Forex you can place a trade and watch you’re your money start to increase.
Things You’ll Need
- A forex account
- A broker (optional)
- Computer with Internet Access
- Money you can risk as a deposit
- Forex trading programs, books, training material (optional)
What to do
Forex means “Foreign Exchange.” This means buying one type of currency and selling it to make a profit. These are the main currencies that are usually traded:
| Rank |
Currency |
code(Symbol) |
% daily share(April 2007) |
| 1 |
 United States dollar |
USD ($) |
86.3% |
| 2 |
 Euro |
EUR (€) |
37.0% |
| 3 |
 Japanese yen |
JPY (¥) |
17.0% |
| 4 |
 Pound sterling |
GBP (£) |
15.0% |
| 5 |
 Swiss franc |
CHF (Fr) |
6.8% |
| 6 |
 Australian dollar |
AUD ($) |
6.7% |
| 7 |
 Canadian dollar |
CAD ($) |
4.2% |
| 8-9 |
 Swedish krona |
SEK (kr) |
2.8% |
| 8-9 |
 Hong Kong dollar |
HKD ($) |
2.8% |
| 10 |
 Norwegian krone |
NOK (kr) |
2.2% |
| 11 |
 New Zealand dollar |
NZD ($) |
1.9% |
| 12 |
 Mexican peso |
MXN ($) |
1.3% |
| 13 |
 Singapore dollar |
SGD ($) |
1.2% |
| 14 |
 South Korean won |
KRW (?) |
1.1% |
| Other |
14.5% |
| Total |
200% |
The currencies are sold in pairs, such as, USD/EUR. Some of the most popular currency pairs, in forex trading are: EUR/USD, GBP/USD, EUR/JPY and USD/CHF.
Get familiar with forex terms used in forex trading. There are ebooks online and lots of articles and tutorials, with lots of information to get you started. You should sign up for a free demo account to practice to trade before you sign up for a real account. Once you are comfortable with trading, you can open a live account. You can usually open an account with as little as $100-$200.
You can choose to trade using a broker or you can trade by yourself. You can trade at anytime of the day because the Foreign Exchange market operates 24 hours a day. There are forex trading programs (robots) that are available to help you to make profitable trades.
You will have to risk some investment capital for the opportunity to make high returns. Never risk capital you can not afford to lose. Read articles in Forex Dream and other forex sites. Sign up for our free newsletters and training course.
Good Luck
