Forex Trading and Its Intricacies
While everyone knows the stock market is constantly changing, sometimes it takes a huge turn. The Internet shocked the Wallstreet to its roots, flipping the world upside down as it seemed to brokers; allowing even Jane and Joe Public to join the bandwagon of traders. Now the biggest thing to hit stocks is the Forex market. Foreign Exchange, or FOREX trading allows anyone on earth to trade internationally 24 hours a day, and make a profit no matter what their nations economy looks like. While some consider the Forex market a safe investment option, one twist of the market can bring an entire portfolio crashing to its knees. The fact that Forex trading is live all day long makes it difficult for traders to keep from losing money overnight. For this purpose, software developers have launched Forex robots; software programs that expect and react to every market trend.
These automated online traders use advanced algorithms to make money on the stock market; competing at the same time with other bots as well as humans. Because they can orchestrate multiple trades at once, every second of the day, all a user needs to do is put in money to invest, turn on the robot, and let it earn money. In just a few days, investors can see a fruitful bounty in a diversified portfolio that literally makes money as they sleep. The Forex market is alive with entrepreneurs; with almost $4,000,000,000,000 switching hands everyday.
The trick to trading Forex is finding the best robot. The ‘stand strong’ theory plays very well in this situation: the Forex robot with the superior algorithm trounces the others and brings in a hefty profit for its owner. While customer reviews can be a nice way to judge a Forex robot, many times over enthusiastic users will proudly write up five star testimonials without having tried other robots that might have generated twice the profit. We have carefully sifted through dozens of features and hands-on experience to bring you a tried and true standard for Forex robots.
Safety always comes first; and in the world of Forex, any robot can easily seem like “the one”, but unless you have experimented with dozens of bots, its hard to tell a treasure from a trashcan. Sometimes sellers will show the best few months of trades their robot made, while hiding the larger portion of track record from you; causing you to make poor judgment based on little data. To successfully choose between the good and the rubbish, at least a one year track record is needed, if not more so.
Another built-in must have feature to look for in a winning Forex robot is a dynamic function that shows you the amount of capital needed. Never guess with Forex, one mistake might lose all your gains. Only robots that provide you with exactly how much money to invest should be candidates for your choice. A good Forex robot should protect your investment and making it grow, not dash it all in a single miscalculation.
Another good thing to look for is the percentage of trades the Forex robot wins. While 90-95% may sound like a lot, you must bear in mind that the wins are almost always small and the loses can be big. A good ratio to remember is winning 1 pip to losing 30 pips. You can get 2% on one share, but lose all of your shares in one decline. Win rates of 97+ and higher should be your standard measure of robot success.
Take your time looking for a quality Forex robot with a high percentage of earnings, a long, positive track record, and an initial investment calculator. Forex trading can be enjoyable when a robot does the work. The number one rule to remember is to be safe, and make money. Buy a good Forex robot, surf the market, and stack up the pips!