Tuesday, September 30, 2008

Forex Funnel - Automated Forex Trading System Robot

ForexGen is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren't checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation in ForexGen.

Forex Funnel - Automated Forex Trading System Robot: Forex Funnel Review Article. I have recently started dabbling in the Forex markets. To begin with I had no idea what Forex was (If you’re thinking “I know how you feel”, then listen up. Forex trading is just like the stock market, but instead of stocks it’s currencies. On a daily basis, currencies either grow stronger or weaker, based on this people then buy and sell them, approximately three trillion dollars worth!), however I quickly immersed myself into the Forex world and dived in with a MetaTrader 4 account in “demo mode”, which turned out to be just the beginning.

I realized very quickly that to be successful in this game, a business degree, a marketing qualification and an excellent grasp of mathematics would be necessary. The combination of these three skills would allow anyone to take substantial shares from this massive pot of cash. To take this one step further, traders who have been in this market for many years, have teamed up with other financial tycoons, computer programmers, and mathematicians to develop automated systems that actually mine the markets and collect data which is processed and produces profitable spreads on what to buy or sell at any given moment in time. Most people will know all this but I want the newbie’s to understand what’s going on.

So I did a quite a bit of research on the various forex trading robots already out there in the market. If you’re familiar with the industry, you may have heard of the forex killer, raptor, forex autopilot, assassin, 10 minute wealth, and many others. These products were all created for one reason, to mine the markets on autopilot and bring home big profits.

The truth is that the Forex markets are crammed with brokers, indicators, personal EA’s, fixers, consultants and specialists (proclaimed). When dealing with these people it opens up a whole can of worms of things that can affect your profits, such as; human error, flaw, corruption, morals, good faith, human intervention, terms of service, risk factors, to name but a few. Now, with these expert advisors that are fully automated, you remove all of the above problems, except of course for the risk factor, which unfortunately can never be shaken off. Still, it wouldn’t be much fun if there were no risk.

I myself didn’t spend enough time with all the EA’s to make my million overnight but I will say that the back tests, forward tests, demo accounts and results definitely put a smile on my face!

So there you have it, most of these EA’s are called Forex Tracer Automated Robot tools for a reason, because they are human made autopilot tools that reel off profitable spreads, and literally funnel money into your forex trading account.

Remember what we first covered in this article, one might want to consider acquiring a business degree, a solid understanding of advanced maths and embark on a marketing course. Of course if you’ve already got these skills in your arsenal then you might just be the next Warren Buffett, just forex style! It certainly beats having to trust some trading ‘firm’ or broker with your money, that I’m sure of. And it beats trying to do it yourself because if you’re new to this game, you’ll soon realize how many more levels you need to look through, to find that pot of gold.

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