How to Choose the Correct Profitable Forex System For You
Labels: Choose , Correct , Forex , Profitable , System
Just about every popular Forex trading robot currently on the market claims to be the most profitable Forex system around. So how do potential robot software buyers cut through all the marketing hype to find an automatic trading system they can make money with? For a start, checking out some of the user reviews posted on my site can help steer your interest toward the more customer-satisfying Forex robot products. You can also get a better sense for the software's customer support service and the strength of its money-back satisfaction guarantee by reading what those who already purchased it had to say in Internet discussion forums.
Of course, another person's opinion is not as relevant as your own when it comes to choosing among the most profitable Forex system trading robots on the market. A "shotgun" analysis approach might involve downloading several interesting Forex robots, setting them all trading on equal demo Forex trading accounts within the 60-day trial period that most of them offer, and seeing which one outperforms all of the others. When doing this comparison, the analyst will want to assess each robot not only in terms of its real-time overall profitability, but also as to whether it has acceptable portfolio draw downs and per-transaction losses during the trial period, as well as how much of one's portfolio is placed at risk.
Perhaps the most popular example of a Forex trading robot currently on the market is the FAP Turbo software. In terms of profitability, this software's vendor claims to have turned an initial investment of just $5,100 on November 6th of 2008 into a portfolio of $42,218.47 as of December 7th of 2009 in a live-traded account being managed by the robot. This represents a handsome profit of $37,118.47 or a whopping 728% return on an investment of $5,100 during just 13 months spent trading Euros against Sterling automatically with the robot.
Forex MegaDroid is another well-liked Forex trading robot that can be downloaded and offers a five-minute or less installation guarantee. This revolutionary automatic trading software fuses advanced artificial intelligence based on Reverse Correlated Price and Time Analysis or RCPTA technology with real Forex trading experience to produce impressive profitability results for its loyal customers. Forex MegaDroid has great reviews, and it boasts a stellar performance of returning 1,933.59% in the first 341 days of 2009. Furthermore, this is not an isolated profitable year, since it seems the worst this robot has performed on a yearly basis is a yearly gain of 333.05% in 2006.
Another especially interesting Forex robot is the No-Loss Robot, which also comes packaged with the Strength Meter and Trend Indicator bonuses. This easy-to-install automatic trading software not only has the distinction of reportedly having incurred no trading losses, but its vendor also claims that it works profitably when trading any currency pair. An example of its alleged live trading profits includes a $5,000 investment on March 1st of 2009 resulting in a gain of $14,375.52 for a realized return of 287% when closed on May 31st, 2009, just 90 days later. If annualized, this would represent an impressive gain of 1,166%.
If it were somehow not possible for Forex trading robots to turn a reliable profit, then the above software packages would have a hard time pleasing their customers. Since this does not seem to be the case, it seems like a perfect time to check out what profitable Forex system trading robots like these can do for your portfolio.
Luke Fram is a Forex trading enthusiast who enjoys helping and teaching others to trade. To see his guide on the top ten profitable Forex system available to download, visit forexonlinetips.org.
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