Thursday 25 June 2009

Does forex robots realy works

I found several search results about a product called Algorates invest. Did anybody out there really make money out of it without losses as  guaranteed? Are the Forex brokers cooperative enough to allow us to redeem our funds?


My Answer - 



First, you should know that Forex is not that easy. Do not believe those who may say it is!
There are some good robots & Algos that MAY help you. Some are scam. Others are for real.

Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

For this automatic approach, forex Algorates invest has worked wonders for me: http://www.algorates.com/. It offers, among other features, high spread protection system and automated risk scaling. They say "95% winner". Well, only the bottom line counts. In this regard, it has really delivered for me.

I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

The current situation has no impact on making more or making less money. When you trade currencies, you sort of compare the 2 currencies. You always assume that one will go up or down vis-a-vis the other one. So what is critical to make (or lose) big, is VOLATILITY. Simply put, volatility is the range in which a currency floats in a given time. The wider the range, the bigger the opportunity to make or lose a lot.

Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months - a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

Source(s):

5 comments:

  1. I was a customer of www.algorates.com last year. When my father died, I had to request the money back, and received it in 2 days. So, from what I can tell, this company is one of the honest ones in the business. Also, I made considerably more investing with them then I would have made in the stock market or with a bank. That's my experience.

    ReplyDelete
  2. I am a customer for over two years in Algorates.com
    Their staff very professional and I see regular profits for a year and a half consecutive
    I think clearly that no other product on the market compare to this.

    ReplyDelete
    Replies
    1. I heard many of the above company does anyone has information What is the minimum amount of deposit them?
      It's really making waves this company,
      This is revolutionary from what i heard,
      Very interesting.
      Waiting for your answers.

      Delete
  3. Mind you, I'm really, really angry about this company AlgoRates
    So much that I really frustrated them
    I have been trying for several months to invest some money
    After I received excellent feedback from my friend
    I left my information and talk to them but they claim the fund and their employees a bit crowded now so I have to wait a few more weeks so they could take my money
    Are they really so unique?
    Sounds Pretentious to me.
    الله العظيم

    ReplyDelete
  4. I am a bit more disappointed than you are
    I invested them three years ago about $ 74,000
    And the system have yielded an annual return
    Of approximately 23% each year only

    ReplyDelete