TOP 5 FOREX ROBOT TRADING SYSTEMS
Forex trading has always been one of the most popular ways of generating extra income from home. The high leverage, 24 hour availability of the Forex markets and the introduction of home trading platforms have made it possible for the individual like you and me to trade Forex from home on a part time or full time basis.
There are hundreds of ways to trade the Forex markets and choosing a strategy that fits your personality and trading style is definitely not easy. I hope that this article will help you to avoid falling victim to one of the many scams out there and make an educated decision about your personal strategy.
Fap Turbo took the industry by storm when it was released on 25 November 2008. The creators of Fap Turbo promised to deliver the most advanced Forex trading robot there has ever been on the market and so far they have not dissapointed the thousands of traders that were eagerly waiting for the launch. The reason why Fap Turbo is so popular is the fact that it offers a system that is more profitable, but less risky than the famous Forex Autopilot..exactly what the market has been waiting for.
I purchased Fap Turbo on the day that it was launched and 3 days after that it had already earned me more than 500 pips in profit on my demo account. Fap Turbo is a fully automated trading system that requires virtually no human intervention or in depth understanding of the Forex markets. If you are interested in Forex trading, but have limited time and don’t want to spend more than a few minutes every day in front of the charts, then Fap Turbo is the system for you. >>Read Full Review
Recommended broker is: InstaForex
2. 10 Minute Forex Wealth Builder
10 Minute Forex Wealth Builder is another system that was developed specifically for the part time trader who has limited time to spend on trading. Like Fap Turbo, this system only requires 10 minutes in front of the charts every day, but the difference is that this is not an automated trading system. The 10 Minute Forex Wealth Builder system teaches your 2 simple, but effective Forex trading techniques that only require about 10 minutes in front of the charts every day.
One advantage of this system of an automated system like Fap Turbo is that this system does not rely on any specific trading platform, so you can use it with any broker..automated trading systems like Fap Turbo only works with brokers that support the Metatrader trading platform. The other advantage of 10 Minute Forex Wealth Builder over an automated system is that you have a better understanding of why each trade is placed and are much more in control of your own money, so if you have limited time, but prefer to have more control than what Fap Turbo offers you then this is a great system for you. >>Read Full Review
Recommended broker is: InstaForex
3. Hectortrader Forex Course
The Hectortrader forex trading course is different to the hundreds of hyped up Forex products you are likely to find online. This is not the typical e-book product that you read through in one evening. Hectortrader is a comprehensive Forex trading course consisting of more than 15 hours of training videos, 1 on 1 e-mail support, custom indicators and various other tools that will help you in your trading.
If you are looking for purely mechanical system that only requires 10 minutes in front of the charts a day and don’t really care about understanding what your are doing, then perhaps one of the other products on this list will be better for you, but if you are serious about becoming a Forex trader and want to learn a complete trading system that can be applied to any currency or time frame, then the Hectortrader Forex course should be on the top of your list of Forex systems to consider. >>Read Full Review
Recommended broker is: InstaForex
4. Forex Avenger
Forex Avenger is a mechanical trading system that is positioned about midway between the Hectortrader system and the 10 Minute Fortex Wealth Builder systems mentioned above. The Forex Avenger system requires a bit more time in front of the charts than the 10 Minute Forex Wealth Builder system, but is not as in depth as the Hectortrader system, so it is a nice combination of both for people who want to be actively involved in trading, but perhaps still part time.
The biggest advantage of the Forex Avenger system is that it is 100% mechanical and requires absolutely no discretion. The package consists of 2 distinct trading methods - one for day trading on the hourly charts and one for trading part time on the daily charts. I spent a couple of hours backtesting the system and was very impressed by it, especially the “Set and Sleep” system that only requires a 10 minute analysis of the daily charts each day. If you are looking for an easy system to trade manually with that is completely mechanical, then Forex Avenger is deinifitely a good system to consider. >>Read Full Review
Recommended broker is: InstaForex
5. Forex Funnel
Forex Funnel is another automated Forex trading system like Fap Turbo, but with one major difference - it uses a much more high risk/high reward approach to trading. Forex Funnel uses a varient of a famous gambling strategy called the Martingale principle in it’s trading approach, which is the main reason why I would not recommend this system top most traders.
When used in Forex trading, the Martingale strategy effectively has a 100% success rate (no losing trades), but there is also the risk of losing your whole account on one trade if you don’t have enough capital to work with. To learn more about how this strategy works, click on the link below to read my full Forex Funnel review. This system is definitely not recommended to most traders, but if you have $10,000 to spare and would like to try a system that could make you a lot of money very fast at the risk of losing your whole account, then this system could be what you are looking for. >>Read Full Review
Recommended broker is: InstaForex
Recommended broker is: InstaForex
