Looking for a quality forex robot. Any suggestions?

Question

I recently started reading about forex robots that do forex trading for you and make profits as a result. I decided that this was interesting enough to investigate further.

Basically, I have seen a number of these robots on the internet, all of which have been highly recommended by various sources. Can anyone recommend a forex robot that would work well for me?

If I do decide to do automated forex trading, I can only give an initial investment of about $200, so it has to be a robot that can work with small deposits. Also, I would prefer this robot to be fully automated, though I'm open to accepting robots which require some management. If the robot is free, I would also prefer that, though I don't mind paying for it (why do these people need to charge money for a system that is used to make an income?). While I'm at it, can anyone suggest a forex trader that will accept a deposit that small, allows trial runs on a free account, is registered with the NFA (http://www.nfa.futures.org/ ) and the CFTC (http://www.cftc.gov/ ) and is compatible with the selected robot?

So that is my question. I am aware that there are people that will try to use their answer to promote the product of their choice (even if it means lying) and will earn some commission when I purchase the robot. So I have to set some rules for the answers provided here:
No Affiliate links or links to sites with affiliate links,
No redirect pages
No testimonies from people who haven't used the forex robot mentioned in their answer.

I already know where some of the more well known forex robots are found and a search engine can probably find me the rest. As a result of these rules, there is no reason for anyone to give a glowing testimony they would usually use to sell the robot, since said people aren't allowed to use affiliate links and hence can't earn commission from a sale. If you need to put a link to the forex robot's main web page, use the actual page's address instead of one with your affiliate link in it. And don't put the link to the page in a redirect link (such as Tiny URL.com) because that can be used to hide an affiliate link.

The third rule also applies to people who haven't used forex robots because they think they are scams. I would prefer answers from people that have genuinely used a robot and can share their real experiences with it.

So that is my question. I say thank you to everyone who decides to answer my question.

Answer 1

The best recommendation I can give you is this one: Forget Forex Robots. They are useless. If you want to make money in Forex, work on it and develop your own trading system.

Answer 2

1

Answer 3

Since I haven't used Forex robots, I don't fit your requirements to answer the question. However I will put in my two cents any way. The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.



There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.



There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.



I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.



I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

Answer 4

Sorry to disillusion you but NO forex bot will ever make a consistent profit over time. If you have been convinced of this you've been duped. Here's why:



The FOREX market is, over all, very volatile and subject to change. It's very possible, heck, it's EASY to make a robot that will make profit in the short term. However, when you project the bot's performance into the future, when you track for years of live data (I'm not talking about a back test, those are very misleading) you will see that it can't adapt to the changing market and it will start losing money hand over fist.



The sellers of bots know this. They sell bots that can make profit short term and make you happy just long enough for the money back guarantee to lapse. Then you are stuck with a clunker when the market dynamics change.



Don't believe me? Go ahead and buy one.



I don't buy forex robots because I know that they are scams..if you ignore my answer because of that then imo you are fool and diserve to get ripped off.

Answer 5

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.

Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.

However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?

The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.

Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/d0306

It's probably the best way to learn how to win with binary option

Answer 6

Hi,



We would advise you avoid all robots.



For example, if we had developed a robot that truly worked (we are not even trying, its a hypothetical statement) do you think we would waste our time selling it and posting on websites about it ! I think not - and I think it should eliminate your interest in robots.



Our site contains 100% Independent and Honest reviews of Trading systems and services. Yes, we are truly and honestly not selling anything and are in the process of having a regular feature in the Investors Chronicle, you can read the first published feature on our website too. If you are interested in Trading systems and services you should find out reviews of value.



Hope it helps.





ReviewTeam

Answer 7

You can make money in binary options only if you treat it as a real form of investing. Learn here https://tr.im/ULyKm



This means learning how it works, learning how to read charts and learning how you can make accurate predictions. All these are not that difficult but it takes some time. If you treat it as gambling and just make random predictions then you will obviously not win.

Answer 8

hi,

no robots trading .honestly they dont work and dont waste ur money for it.

my advise is use any auto trading strategy.now a days forex yard started auto trading strategy by proffessionals.try it .i got great results.u can find here more use full info about it

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http://forexplatformslist.com

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good luck