As a Forex trader, what are the available tools in the market that we can use?
Forex courses are usually educational and they teach you the basics of technical indicators and the impact of economic news to Forex prices. Using indicators to trade Forex can be helpful but sometimes too many indicators can be confusing. And many indicators rely on past data. The worst part is interference from our human emotion when the trades go against our expectations.
An Expert Advisor is a fully automatic trading software which is loaded to the expert folder in the MetaTrader platform of your Forex broker trading platform. Since it is fully automatic, that is why it is called a robot and it works only by leaving the computer on all the time. Not all EA's are created the same and whenever you purchase a new EAs, you are advised to run them on demo account (fictitious money) first.
If you like an Expert Advisor that you can train and adapt to the change in patterns of price movement of currency pairs, you may try Forex-AI AutoTrader which utilizes artificial intelligence and is capable of learning the patterns of price movements of currency pairs much better than a human. It also studies the correlation of price movements in commodities such as oil and gold. Using traditional indicators, small traders really stand very low chance of winning against large trading institutions that use sophisticated techniques and large capitals. The author of this technology claims that this EA can change its 'personality' and 'knows the price movement direction ahead of time'. You can view more info at Forex-AI AutoTrader Homepage by clicking here >>> http://urlPass.com/44ew/
Another piece of newcomer to the Forex market that uses Artificial Intelligence which the authors say 'can see into immediate future with high accuracy' is the Forex Megadroid and it has a mechanism that makes the Forex broker virtually undetectable that you are using an expert advisor and therefore being penalized for using it. The software is simple to set up and run. For more info on this new software, you can go to Forex Megadroid by clicking here. >>>> http://urlPass.com/44eu
If you are a trader that likes to decide for yourself which currency pairs to trade and when to trade and still afraid to lose your capital because the currency prices will wriggle up and down until you lose your money, then you may opt for semi-automatic (part manual, part auto) piece of software called Forex Multiplier. This piece of technology calculates the entry points and exit points for currency pairs that go up or down during the day trade. It can be used for swing trades as well. This piece of software works pretty well especially when there are economic news released in the markets. If you have no time to monitor the markets, you just need to key-in our trades using buy and sell stops or limits. This piece of software is quite reliable. For more info on this software, you can go to Forex Multiplier by clicking here >>>>> http://urlPass.com/44ev
A piece of EA that has been around for some time that I presume many of you will know is the FapTurbo. FapTurbo can be used for day trade and swing trade. In the day trade, you don't need to monitor the trades. You can go to work but all you have to do is to keep your computer turning on. FapTurbo will trade for you when it seizes the opportunity, probably one to two trades a day. Likewise you don't have to monitor your screen for the swing trades which are longer term trades. This EA is quite conservative and it risks a small portion of your deposit to trade and it exits the trade to take profits rather quickly. This EA is recommended for beginner in Forex particularly if you want to earn small and are not willing to lose much. You can view more info at FapTurbo Homepage by clicking here. >>>> http://urlPass.com/44et
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