A forex trading system is a tool used by
traders to help automate the more mundane and intricate aspects of trading.
Also called forex robots (or bots), these trading systems offer the trader a
variety of automatic functions. Some are fully-featured platforms; others are
bare bones robots. There are literally hundreds of forex trading systems out
there – enough to confuse the most savvy trader.
The poor newbie could go into vapor lock trying to evaluate automated forex
trading software without a little help. We have listed a few of the more
comprehensive and popular programs available for easy, automated systems
trading. No guarantees here, and of course, your mileage may vary.
FAPTurbo
FAPTurbo is one of the most popular forex bots,
and the website boasts examples of real trading results with real deposits with
high-profile brokerages. Fully automated, FAPTurbo is able to automate
high-volume trade with tight stop loss routines, which minimize losses.
Multiple currencies trading capability enables the trader
to diversify. Short-term scalping strategy and safe filters help to maximize
control. A Virtual Private Server (VPS) service is offered for a fee.
Forex
Megadroid
Forex Megadroid is a very popular robot that was
completed and used by the developers for a number of years before its release
in March of 2009. This is unusual, as many bot systems are on the market as
soon as the last line of code is written. Forex Megadroid has an extremely
robust interface, and the makers claim that it won’t fold under
high-volatility conditions like some bots. Forex Megadroid offers a 60-day
money-back guarantee, tutorials, 24-hour phone and online support.
U$DBot
The makers of U$DBot say that their aim is to take as
much of the guesswork out of forex trading as possible. U$DBot is offered at a
price somewhat less than other competitors and includes a 60-day money-back
guarantee if not satisfied. If the user decides a strategy is not working, the
program allows for switching on the fly, making this one of the most versatile
forex robots on the market.
Forex Auto
Pilot System (FAPS)
Developed by forex guru Marcus Leary, FAPS is designed
to continuously monitor the forex market unaided, choosing and trading the most
profitable transactions based on meticulously written algorithms. Clear and
concise feedback by the program lets the trader know exactly what is taking
place. The program offers a demo to test the program out before buying.
Forextips.com is committed to educating the forex
trader in all aspects of foreign currency trading. Click hereto get information on a free forex webinar to help
you maximize your success in the forex market.
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