Forex Foreign Exchange

Watch this weird 30 minutes Forex Nitty Gritty FREE video just now. Download this Sublime Forex Champions MT4 Multi Indicator Scanner that tells about the market direction of any currency pair on 8 different timeframes. Don’t miss Rahul’s Forex Advantage Blueprint! Rahul: Thanks for being on my Forex Advantage Blueprint launch list. OK, we have less than 24 hours until Forex Advantage Blueprint goes live. Here are the exact details:

Launch Date and Time:
Monday, 9-Aug-2010 9 AM eastern U.S. time

Tomorrow morning (Monday) I’ll send you the link where you can go get all the final details right at Launch Minute. Now I don’t want to sound overly dramatic, but it is probably a very good idea to be sitting at your computer and ready to go right when we launch.

The reason why is that you will want to be among the first 200 people that snaps up some of my fast mover bonuses. Once I get orders from 200 people (which I am expecting to happen in matter of few hrs), some of these bonuses will go away. Besides: I have some special surprise in store for you! which you’;ll come to know on the launch page tomorrow

Oh… one other thing: I am going to have a rock-solid guarantee for the Forex Advantage Blueprint system – it just about amounts to a “try before you buy”
type of proposition. So it is definitely in your best interest to sign up early and get in among the first 200 people. Remember, watch your inbox for on Monday morning for the special link to sign up for Forex Advantage Blueprint. By the way, yesterday I announced winners of 2 folks for Forex Advantage Blueprint Giveaway event…They are -

1. Claudia
2. Pete Robson (For Innovative commenting)

If you are not one of these folks, don’t worry I have something nice in store for you! Less than 10 hrs remain before my exclusive Forex Advantage Blueprint discount is taken down. So you just have that much time to get steep discount (More than 50% off). Remember, this is your ONLY SHOT, since after this such high discount will never be offered again. Here are just some of the reasons why you should get access to FAB course

1. Powerful Forex Trading system battle tested and is proven to work time and time again
2. Clear cut instructions for Entering and Exiting the trades. No ambiguity!
3. Detailed Manuals and Videos to make everything crystal clear for you.
4. Best Results from each trade fue to detailed Focus on Money Management Concepts.
5. Can take your Trading skills to new level!
6. Excellent course for all traders – Beginners to Experts!
7. Requires just 20 MINUTES A DAY!
8. LIMITED TIME FAST mover bonuses!

So go ahead and get access to Forex Advantage Blueprint at more than 50% discount Seriously there are less than 10 hrs remaining before I take down this offer…Since the time I opened the gates for Forex Advantage Blueprint at discounted price, the orders have come so thick and fast that I felt that is really going to bring those servers down.

And thats what happenned. Incase you are one of them who were facing issues in ordering a few hrs ago, I am really SORRY …Please bear with me here. I am really swamped with all these orders…But, we just added another server about 40 minutes ago and since then I am finding things to be a little bit more stable.

And I would just like to remind you that you have less than 24 hrs to claim Forex Advantage at the special discounted price (more than 50% off)that I have set up for you!

Watch this weird 30 minutes Forex Nitty Gritty FREE Video just now. Discover a revolutionary Forex Robot that made 2,300% NET PROFIT in 2009 and download Forex Auto Detector Software FREE that can increase the profitability of any forex robot by 53% and more. Take a look at the Forex Trading Scalper that made 738% NET PROFIT for Joseph Taylor who had very little forex trading experience. After every few days, a new forex robot is being launched. Are these forex robots up to the snuff? Do they really work? Can a forex software that costs not more than $100-$150 make you rich? The real truth about these forex robots is that some are real good while most may not be good. There are many forex robots that can easily wipe out your capital in the trading account if you are not careful.

How do you know this is a good forex robot and not some piece of junk software? Can back testing and forward testing give you any clue about the live trading performance of a robot? Backtesting is done with historical data. It simply ignores slippage, one of the most important facts that a trader has to face while trading live. So, the back testing results are no accurate indication of a robot doing well under live market conditions. Plus, markets keep on changing, so historical data may not be an accurate depiction of the present market conditions.

Forward testing is done on the demo account. There is a difference between the demo account and the live account. There is no slippage in the demo account again. When you trade live, your broker has to take an offsetting position against you as a market maker. Now, there are times, when the market is highly volatile and the broker may not be immediately able to offload all these offsetting positions that retail traders have taken into the interbank market.

What this means in essence is that a trade might get executed in a demo account but may not get executed in a live account. So forward testing also gives you not an accurate picture of how the robot is going to behave under the live market conditions. There is no substitute for live trading results.

That is why most forex robot vendors are now turning towards showing live trading results on their websites. Recent, a robot with the name of Forex Legend was launched. The vendor is showing the live trading results of Forex Legend on 52 live trading accounts using $115,000 of their own money.

Forex MagaDroid is a very good forex robot developed by two professional forex traders who have more than two decades of experience trading forex. Their website shows the live performance of Forex MegaDroid since it’s launch in the beginning of 2009. The performance of Forex MegaDroid has been exceptional. It has been more than 2,300% NET PROFIT since 2009.

Forex Automator Pro turned $50,000 into $1.5 Million giving a return of over 3,000%. Not bad! The developer shows his real account statements. Similarly, Forex Trading Scalper made 738% NET PROFIT on a live trading account.

What this means is that vendors have also realized the people want live trading results now not some back testing results or forward testing results. So, if you are interested in trading with a robot, you should carefully study it’s performance on a live account.

Don’t get duped by back testing and forward testing results. These results do not give an accurate picture of the performance of a robot on the live trading account. Now, if you have a robot that has performed very well on the live account but when you trade with it, you don’t get the same results? What can be the reason?

The performance of a robot depends on it’s settings. If you want to get the most out of a robot then you need to learn how to optimize it’s settings. When you buy a forex robot, try to understand it’s trading strategy. Some, robots use scalping as their trading strategy. Now, in scalping, you don’t put a stop loss. This makes the robot dangerous and you can get your account wiped out in one wrong trade made by that robot. So, you will have to put a stop loss and see if it gives good performance on the demo account, if not then don’t trade with it.

Similarly there are robots that use swing trading strategies. The point is that understand the robot and try to optimize it so that it works for you too.