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Forex Trading - Why Using a Forex Autopilot Or Robot For Trading Can Increase Your Profits?

The Forex market can be a risky place if you are new to Forex trading and do not have experience trading on the foreign currency market. There is a steep learning curve and it can take at least 6 months and considerable losses before a trader may begin to see a profit.

However all is not lost! Recent advances have allowed sophisticated trading software to be developed, which is a godsend for novice traders and can allow profits to be made almost instantly from Forex trading. Perhaps the best way to do this is by taking advantage of a Forex trading Robot or Autopilot. Currently the best choice is FAP Turbo. It is excellent value for money and has blown much of the competition away.

A Forex robot is a completely automated currency trading system, which identifies trends in the market and make trades for you automatically. The best available Forex trading robots will be able to generate maximum profits for you by choosing entry/exit points based on complicated algorithms. Some come complete with money management tools that will compound your account automatically for you while minimizing risk.

Worthy of note is that there are many Forex robots available but not all of these offer good value for money, however the better one offer money back guarantees. I will be reviewing some of the best available Forex robot software available so watch this space.

How do you find a good, value for money Forex trading robot?

1. Ensure that the product has been designed and tested by a seasoned currency trader. Try and find out their qualifications, and read customer testimonials.

2. Check that the product does what it says on the tin. If the product says it is 95% accurate and averages 20% profit per month look at actual trades the Forex trading robot has made over a several month period. Most sales pages show recent trading data, check this matches up with their claims.

3. Ensure it is has been designed for novice traders. There is little point in using a Forex trading robot if you can't even work out how to use it.

4. Also make sure there is a money back guarantee. If the product is good then the seller will have no problem offering one.

5. It is essential that the Forex trading robot software should come with option of trading with a demo account, this will allow you to test the product without risking any of your own money. Demo account's provide beginner's to foreign currency trading with an ideal starting place to gain a experience on the Forex marketplace.

Finally, if you are determined to make money online trading in the Forex market, but do not have the time to really learn the theory, using a Forex trading robot may be the best decision you ever made.

THE BEGINNER’S ULTIMATE STEP-BY-STEP GUIDE TO FOREX TRADING

Learn to Trade Forex Around Your Day Job

Learn to Trade the higher timeframes.

If you're going to fit trading into your lifestyle you have 2 options. Firstly trade really small timeframes such as 30 second and 1 minute charts, which funnily enough is what most amateurs start doing. They feel they have to make money in those 30 minutes in front of the screen in a state of heightened tension. This is certainly one way to do it, however it seems a stressful, difficult, not to mention scary way of trading! Trading small timeframes like the 1 minute chart is incredibly difficult, as you may have a 3 pip stop loss with a 1 pip spread. This means that 33% of your trade is just the transaction cost. This means making money rather difficult. Not to mention the spread could be 2 or 3, and you land yourself in a whole world of pain.

Why not take the sensible and practical approach of trading higher timeframes like Daily charts. This way you only need to be at the charts once a day when the New York market closes, which you can quite easily fit into your lifestyle. Trading for 20-30 minutes at the end of the trading day allows you to trade multiple currency pairs, and benefit from their movement over the course of the trading day.

Trading less, to make more.

Lots of new traders believe that the more that you trade, the more profit you stand to make. Stands to reason, right? With almost everything else, the more time and effort you put in, the more you get out. Learn how to trade less, to make more.

Trading is slightly different. While you're learning to trade, the more time and effort you put in, the quicker it is likely that you'll see improvements in your learning, understanding and results. However when it comes to trading itself, it is knowing when not to trade that is as equally important as when to trade. The market will produce a certain number of high probability opportunities every month, and no matter how hard you try, you can't force any more. Instead focus on trading those high probability price action signals when they present themselves and stand by to reap the rewards.