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Trading Robot - Can Anyone Without Forex Trading Background Trade With Forex Megadroid?

An innovative and intelligent trading robot called the Forex Megadroid was recently released in the market in 2009. It was the idea of two expert traders with over 38 years of experience in currency trading that promised a more relaxed method of doing trades.

The internet swarms with many trading robots that promise to generate high profits for everyone. Sadly, most of these so called "helper robots" are scams that display false advertisements. If you fall for their trick, you might end up losing your investment. Some are genuine, but it requires the user to be well-versed about the Forex Trading Market in order to operate the program successfully. But there is no need to be alarmed; the Forex Megadroid is going to change that.

Unlike any other trading robots, the Forex Megadroid can still be operated by a total newbie who wants to trade but does not have the time to get into the details of Forex trading. One thing about this program that is good for beginners is its ease of installation. You can set-up the program in less than 7 minutes. It has a user-friendly interface that anyone, even the techie-challenged, can understand. There are simple step-by-step instructions that are provided with the program with snapshots for better understanding. In case you encounter any problem, you can always call their customer service.

You can evaluate the program by purchasing a demo account which will last for 2 months. During this period, you can evaluate the features of the robot by using a demo account that does not use real money. After you are familiarized with the robot and its features, you can now decide to open up a minimum account of 50 dollars to begin your earnings.

The developers promise an impressive 95% success rate with its built in artificial intelligence and its Reverse Correlated Time Price Analysis technology or RCTPA. You can trust the program to do all the trading for you. It is like having an expert trader working for you. The program barely makes a bad trade so you can trust it with your hard earned money.

Before deciding to but the Forex Megadroid, please consider to purchase the demo account first. If after the evaluation period you are not satisfied with its performance, you can always return the program and get your money back. You can also look at other possible trading programs and maybe find one that best meet you particular needs.

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.