Here’s something interesting:
Forex Twister is new long term Expert Advisor that among its unique features declares a 95% success rater and Artificial Intelligence under the hood. The bot works with all major currencies and any type of Forex brokerage company that works with MetaTrader4 platform.
It also has money management system which allows you to enter your own rules as well…
It might be worth it.
I often get asked if FAP Turbo still works. It’s an old robot and one would thing that given the short life span of these robots, it would not work anymore. No, this EA works, even one year down the road. It’s quite surprising really, as I said very few programs can work that long.
But people still buy it and use it. There are many new users as well as old ones and most of them make money with FAP Turbo. So to answer the question if it’s still good, I can confidently say yes, it is.
Artificial Intelligence (AI) is sometimes used in Forex robots. One of the first popular robots to use it was IvyBot. It has employed AI to adapt to market conditions, which is a huge obstacle for expert advisors. If it worked, should have been obvious after a few months of activity.
Unfortunately, IvyBot didn’t do anything significantly better than other robots, perhaps because the AI was too primitive or perhaps this technology still has a long road to go to be of better use. The bottom line is that currently there’s no big advantage of having a Forex robot with AI or not.
If you want to learn trading and have a set of tools that make Forex trading easier, I recommend Forex Rebellion. Why I recommend it? Because it’s a well made course with step by step tutorials which you can literally copy to trade successfully.
In addition to that, you get a set of indicators that work a wonder to identify trades and stop losses and take profits. That’s very important for those who just start out in Forex, because it can be overwhelming to learn all the technicalities. All you want is to trade for profit, and that’s what you can learn.
How would you like to learn trading Forex, not only the general trading theory, but to learn it while practicing real trading strategies. Forex Income Engine 2.0 is a rather expensive course, but it teaches at the top level. You get step by step videos, manuals and blueprints which you can follow at your own pace and learn trading at home.
The goal of this program is to create independent traders from students at the end of the course. Once you graduate Forex Income Engine 2.0 program, you have a great advantage over other traders.
The program is not only a pack of CDs, it also has a top notch support and student community. Plus the guarantee of 90 days and extra support for slow learners make it one of the best Forex trainers online.
I was talking about Forex robots in the past few posts, but I realize that first and foremost you need a good broker to trade with. before going into more advanced stuff. Knowing that it can be a daunting task to open an account with a Forex broker, with all the paperwork etc., I want to recommend a broker that I think is really easy and very beginner friendly. It’s called Easy Forex for a reason.
Easy Forex is a trusted and popular among beginners and it provides a really great way to start trading for beginners. It’s worth a try, especially when it’s so easy to start.
Is no loss in trading possible or is it just the myth, the philosopher’s stone’s Forex equivalent? The folks at No Loss Robot say they have found the system that performs at zero loss.
It’s been drawn to my attention, however, that it’s only a marketing trick achieved my leave floating loss. It’s not uncommon for companies to manipulate the statistics to their advantage, and this is the case.
On the other hand, the robot does work, even if it does make losses from time to time – it’s just normal. If you can see past the shade of advertising, it may be worth a try.
A new expert advisor from the experienced automated Forex software makers is out. Forex Enforcer is a pretty decent system with low risk and reasonably good profit potential. It’s not every day that robots of this level are released, so this one is a sin not to try out, if you’re serious about auto Forex trading.
Just remember that as good as software is, you have to be careful about your portfolio. The money management is still up to you, regardless of the capabilities or features of the system.
This new expert advisor is supposed to be made fro 2010, but the reviews say that Forex Nuke is more of a short term robot that might not work that well in the long run. I guess it will depend on the authors to update it to adjust to the changing conditions.
But its strategy has quite a high risk-reward ratio, which is worrying. Nevertheless, if it works at least now, it can be a good for some extra money right now. I don’t expect it to be profitable very long in the future.
This tip is probably the most valuable tip I can give. It’s all about psychology. You may think it’s not important, you may say give me a secret indicator that indicates trades with 100% certainty, but psychology place the major part in success of a trader.
Far too often traders let their emotions stand in the way. Risky trades, lust for fast profit, fear of losing it all, everything affects how successfully you trade. Traders aren’t robots and it’s our strength as well as a weakness. One one hand we can make intelligent decisions adapting to even the fastest changes in market, on the other hand our emotion is the greatest obstacle.
There’s only one solutions to this problem and it’s to develop a system. Create a strategy and follow it religiously. Only tweak it after you have the results not live trades. It may seem counterintuitive to leave a losing trade, but if your system requires to do so, do it. Then adjust. Granted you shouldn’t lose an account over that, but a good system wouldn’t allow that.
In any case, you have to cope with your emotions and become a robot when it comes to decision making.