THE MOST POPULAR FOREX ROBOT REVIEWS - Berea Mail

Posted: 07 Sep 2020 08:46 AM PDT

Hundreds of Forex robot reviews exit on the Web so it can be a bit of mindfield to find the most popular platforms that offer services as brokerage companies, propose the newest versions of their own Forex robots, or who simply deal with the biggest software developers and brokers.

It is important for Forex traders to choose wisely and select a Forex robot with a usable programme and can provide good trades. Today's Forex traders use trading systems and strategies based on basic principles of technical analysis, as well as the assistance of online Forex brokers, or brokerage organisations, who naturally make good use of reliable Forex robot reviews.

Basing their forex trading strategies upon studying different possible combinations of price actions (mostly via the Forex charts – tabs displaying the price movements up and then down), and taking all the numerous technical indicators into account, traders are always in a constant search for the most profitable, advantageous and reliable charting software that Forex robot reviews have to offer.

After our own analysis of certain statistical data, we offer our three top Forex robots found on the Web. Although there has been much discussion around Forex robot reviews, positive and negative, our three choices still remain the most popular and best-selling ones due to many reasons. If you are a Forex newbie you will certainly find these reviews useful.

1) FAP TURBO ROBOT PLATFORM Traders love this Forex robot because of the wide range of currency pairs it supports, while also making it possible to follow its short and long-term strategies. Fap Turbo's Forex robots reviews are just hilarious and are encouraged mostly by the fact that their winning rate has been at 95% for many years. More importantly, thanks to the approved statistical data, its drawdown percentage (losing trades to be more precise) is less than 1%, showing reliability and perfect design for this Forex robot.

2) IVY BOT AUTOMATED FOREX ROBOT This software also boasts positive Forex robot reviews with winning trades of 94%. Added to its good performance, this robot is also fully automated and trades up to four currency pairs at the same time. Most robots require you to learn how to tweak them (meaning setting them up) and not all newbies can fulfill this task. That is why Ivy Bot developers decided to do the "dirty work" for you and tweaked their robot to provide clients with weekly updates for better performance. Many traders find this feature of Ivy Bot very cool, while others insist that manual set-ups are better. It is up to you to decide which group you belong to after viewing Ivy Bot in action.

3) FOREX MEGADROID The uniqueness of this software is not just in good Forex robot reviews but also has the advantage of taking Forex or conditions into account before actually making a trade. This is an alternative to trading by means of a predetermined set of indicators and their combinations along with entry points. This robot is also fully automated and has a winning trade record of 96%. One drawback is that it is programmed to only trade in single currency pairs – the EUR/USD – but does this in the most efficient way compared to the performances of other robots.

Comparing Stock Trading to Forex Trading - Along the Boards

Posted: 07 Sep 2020 10:19 AM PDT

Making money with your mind, predicting the direction of where the price will go is the dream of many young and not so young people. After seeing or hearing an advertisement for another Forex broker, someone opens an account and starts trading. And someone makes a more significant step by opening a deposit for a large amount with a stock market broker. The stock market, like the foreign exchange market, allows you to get money out of thin air by analysing the price. But to become professional trading, you need market understanding and practice.

Even though the subject itself can draw various opinions, below we will present several advantages of the Forex exchange over the stock market. Keep in mind that if you excel at one of them it is better to pursue it and not become too engaged in both of them simultaneously.

Features of the stock market

The securities market, primarily in the United States, is very well regulated by the relevant authorities. We will conventionally not take a look at other stock markets, because there are other realities and regulations, which will take too much time to wrap your mind around. The task of such regulation (again, in the United States) is mainly to simply ensure the financial security of participants, primarily traders, and to standardize procedures. Investors are protected, the exchange runs smoothly and efficiently, the impact of unfavorable market conditions on the economy is minimized, competition is supported, unfair practices are prevented – this is the ideal regulation. The fee for this is a set of commissions that are paid by players (investors) and other bidders.

For example, in the United States, regulators are represented by the Securities and Exchange Commission (SEC), the Federal Reserve, the Commodity Futures Trading Commission (CFTC), and the National Association of Securities Dealers (NASD). For sure, the number and importance of regulatory institutions will range based on how strict the government is with the Forex trading and how knew it is in one country or another.

To enter the New York Stock Exchange, you need at least $ 2000-5000. For more comfortable trading, larger amounts are needed – $ 10,000 – $ 50,000 and more. The maximum leverage is 1:10, but more often they use 1: 1, 1: 2 or 1: 3. Small leverage reduces the risk of losing money for traders. But usually, the range of the amount of money invested varies to make it affordable and within the reach of anyone who wants to start trading.

It is believed that strategies work better in the stock market than in Forex. This is due to the fact that the stock market offers thousands and tens of thousands of securities, thus, the "share" of traders per 1 share is small. On Forex, however, most players trade the same euro-dollar and pound. As a result, it is easier to predict fluctuations in stock prices in general than in popular currency pairs. This is, simply put, the pressure of competition. There are millions, if not billions, of traders out there trying to figure out the structure and configurations of the Forex market. They are analyzing the political and economic news day and night just to try and predict which direction a specific currency might take.

Features of the currency exchange

You can trade Forex with a minimum deposit of $1-10 (cent accounts). Leverage reaches 1: 500 or 1: 1000. Forex brokers provide a convenient and functional MT4 or MT5 trading platform. There two platforms are fairly similar and yet many experienced traders still prefer the first version – MT4, it is more convenient and familiar for them. But, when you are just a beginner, you definitely need to try out both before deciding which would be your own choice. It is not difficult to open a demo account, the procedure takes several minutes and anyone, regardless of his or her trading experience or lack of it, can do that easily.

Forex trading does not involve large commissions. A trader pays a spread and sometimes a one-time commission for opening a trade. Deposit-withdrawal of money through popular payment systems is carried out from several seconds to several minutes. If you take a look at Plus500 review here which is one of the most prominent representatives of the Forex brokerage industry, this feature of depositing and withdrawal of money is clearly one of the biggest advantages of brokers.

Forex trading advisors are very popular. It is very easy to buy a ready-made robot or order from an experienced programmer-trader according to your own strategy. This will not only save your time and nerve cells, it will also allow you to avoid making small mistakes coming from a human factor.

It should also be borne in mind that a currency pair will never fall to zero or depreciate. On the stock exchange, stock can be worth a couple of cents, having a price of a few dollars a week earlier. Currency pairs in Forex provide movements sufficient for good earnings. The main thing is to correctly determine the vector of this movement (trend), that's for you earn a profit on Forex trading.

Forex advantages over the stock market

The amount of the starting deposit is minimal.
Easier to open an account and start trading.
Large leverage (more profit).
Ability to create and use trading advisors.
Minimum fees.
Large selection of reliable brokers.
Speed and convenience of account replenishment.

Summary

Both exchanges are of interest for a trader to make a profit. Where to start? It's easier to do this in the foreign exchange market. But no one bothers you to take a closer look and start trading on the stock market. Both directions are promising. Most often, traders try their hand at both fields and later stop at one thing, which allows them to make a profit. Also, after you gain confidence in both market, it is easier for you to make a fact-based wise decision.

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