Have you heard about Forex trading? How about currency trading? Do you know what USD/EUR currency pair represents? How to place a trade? Are you experienced in online trading? If you answered no to any of these questions then you came to the right place. We will talk about Forex and CFD Trading and Best Forex CFD Robots and how can you make money online using best forex robots.
After reading our article, we hope that you should be able to decide are you more interested in manual forex trading or you prefer to sit back, relax and let the best forex robots do the work for you.
Best Forex Robots and Brokers Overview
Best Forex Robots and Forex Trading Reviews
Before we get into the explanation about Best Forex Robots we would like to briefly describe what is Forex Trading.
Main goal of the Forex trader is to predict what will happen with the value of the currency and to make money and profit from it. Forex trading is popular form of trading and one of the most popular online investments. Thanks for Forex trading, there is a potential quick and big profit from very little change in the value of foreign currency and currency pairs.
As you probably know, in the old days trading was done by people sitting at their desks and making trades over the phone. Today, trading has gone digital and like many things these days, everything is done online.
The fact that trading has gone digital opened a lot of new opportunities for trading analysts and trading experts. More and more traders are using various software tools to assist them in their trading.
Best Forex Trading Platform and Best Forex Robots
One of the most popular software tools that is used by trades is MetaTrader. You can download it for free from their official website: https://www.metatrader4.com/en
MetaTrader is very useful tool for the traders who are able to use technical analysis and fundamental analysis in order to predict market movements and place some winning trades.
Unfortunately, not everyone has the knowledge to do so and many people are wandering and placing some random forex trades with no clue what are they doing.
Thanks to the technological achievements this is not a problem anymore. Experts and software engineers decided to create a tool that will automate a lot of the actions. These actions are usually done manually and they are result of many analysis done in background.
What are the Best Forex Robots and what do they do
Forex Robots are also known by the name FX Bots or FX Robots. Forex Robots are using different trading signals to figure out will the action be to buy or to sell certain currency pair and specific time.
Thanks to forex robots, automated forex trading is possible. Psychological element is removed from the decision making process. Trades are being placed thanks to the trading algorithm.
Many of trading accounts that have been connected with forex robots managed to grow from small into much bigger trading accounts.
Even though there are many investors and forex traders that have made a significant profit thanks to forex robots and automated forex trading, some of them made a loss as well.
The biggest objective to automated forex robots are investors that are still trading manually. Their argument is that economy is affected by human actions and it is not possible to predict those actions.
Forex robots are analysing trends that have happened during a lifetime of a certain currency pair and based on those analysis they are deciding should they buy or sell.
There are several Forex Robots on the market. Some of them are free to use and some of them are products that you need to buy. We will try to review as many of them as possible and they will be added in the table above.
When choosing Forex Robot you need to make sure that deposit and withdrawal methods are acceptable to you. Also, keep in mind to check tax regulations in your country related to forex trading. The most important thing regarding investments in general is this one: Never invest money that you can’t afford to lose. This rule should be applied into every investment decision that you make and forex trading and online investing is not an exception.
What are the Best Forex Robots and do They Really Work?
Traders of different knowledge levels and experience are interested in trading Forex. Each of them has different approach to trading in the Forex market. Some Forex traders are more into manual trading, while other are keen to use automated Forex systems and Forex Robots.
Getting some automated device or software to do whole work for you is interesting and tempting in many areas of life. Trading in Forex market is no exception. Traders need to choose the best Forex Robot software that will do automated Forex trading for them.
Forex robots, or FX robots, are the software that enables automated Forex trading based on set of algorithms that are built in it. Algorithms and trading signals are defining should the currency pair be bought or sold at any particular time.
How Does the Forex Robot Work?
Best Forex Robots are able to scan different charts in a way that is almost impossible for people. Beside that, Forex robot algorithms are configured with special parameters and together with Forex trading signals they determine is it time to trade or not.
FX robots are very useful when there is no clear trend on the specific currency pair as they can assist in trading in a situation where there is no clear direction about the currency pair movement. Best Forex Robots are usually following the best trends since trading with it increases profits long term.
It is important to make a note that most of the robots work and trade within certain range. Some of the best Forex robots are making profits in a positive trend, even though they lose money on volatile Forex market. Therefore, main goal of the FX robots is to discover a great trend to follow.
How Effective are Best Forex Robots?
If your Forex strategy is mechanical and does not require any decision making process by human, it is possible to configure Forex robot trading software that will place trades for you 24/7.
There are several successful Forex robots and we are trying to review most of them so it can be easier for you to decide which Forex robot to try and use.
Since there are many Forex robots and CFD Robots in the market you need to be careful and make sure that you trade only with Best Forex Robots. There are many Forex trading scams built by companies that show up with the great product and then just disappear after few months.
FX Master Bot Review – Is Forex Master Bot a Scam?
FX Master Bot is a completely free web-based software, developed by a team of experts using a ‘robot’ and a complex algorithm to analyse world financial markets for information. This information is constantly being processed and converted into signals which are in fact, trading recommendations. I tried to cover as much as possible in this FX Master Bot Review.Traders registered with FX Master Bot, see the signals on the dashboard of their forex master bot account. By using this unique, user-friendly trading platform for Forex trading, you can decide to trade with signals automatically or manually.
FX Master Bot Review – Free Account
Using FX Master Bot software is completely free and you don’t need to pay any fee to use it. However, in order to use FX Master Bot for real money trading, you need to make a deposit with the broker. Unfortunately it is not possible to connect existing broker accounts with FX Master Bot software. You need to choose broker from your FX Master Bot account.
It is possible to make returns on investments of up to 89% using the free FX Master Bot software and you don’t need trading experience to get started!
FXMasterBot is accessible through the browser on any smartphone device, tablet, MacBook or desktop computers. That means there’s no need for downloading mobile apps or software andyou can trade on the move whenever you want, giving you total flexibility.
FX Master Bot Review – Demo Account
A risk-free way to find out about trading tools and how the trading platform operates, is to set up a 5-day Demo account with FXMasterBot. It takes seconds to get started with virtual trading in Forex, after giving your name and email on the forex master bot home page:
Forex Master Bot Review – Live Trading Accounts
In my opinion, the outstanding feature at FX Master Bot is the progressive structure of the trading accounts. Unlike most trading platforms where you are ‘stuck’ with a single trading account, you can start as Novice with very simple account on FX Master Bot.
Upgrade to Expert and ultimately the Master account once you feel you have sufficient experience.
FX Master Bot software has many advanced settings. These include:
- Daily Stop Loss
- Daily Take Profit
- Max Daily Trades
The most advanced settings are not enabled in the Novice account and only a few are made available for the Expert account.
Forex Master Bot Review – Novice Account
The best way to start your trading career in Forex trading is to choose FX Master Bot Novice Account.
When you register your account you are required to make a minimum $250 deposit with one of the brokers indicated by FX Master Bot in order to get a Novice account.
Following the deposit, you get access to the forex trading platform with only 3 forex currency pairs.
Bear in mind that this is an account for traders who are not familiar with trading financial instruments.
Forex Master Bot Review – Expert Account
To get an Expert account up and running requires a $500 deposit with one of the multiple brokers shown at FX Master Bot. With the Expert account, you will see more of the advanced settings enabled in the software, giving you more control over your trades.
You can trade in up to 9 currency pairs using manual or auto trade modes. You can also have as many positions open, as you choose.
Forex Master Bot Review – Master Account
As the name implies, the Master account is the ultimate account at FX Master Bot where traders get VIP treatment. It takes a $1,000 deposit with one or two brokers indicated on the registration page to get up and running.
In return, you get access to 27 currency pairs. All of the the advanced settings on the trading platform and unlimited trading possibilities in manual or auto trade modes.
FX Master Bot Review – Customer Support
All traders, regardless of the level of their trading accounts can enjoy live support. FX Master Bot offers live chat for all users. When the support team goes home at the end of the trading day, you can leave a message. Support team will make sure to send you reply by email the following day.
FX Master Bot Review – Payment Methods
Brokers collaborating with FX Master Bot forex robot are processing your financial transactions. Free software provider is not a brokerage company.
Typically, online brokers support a diverse range of payment methods. These payment methods include bank wire transfer, E-Wallets and credit/debit cards.
Customers will see exactly which deposit methods does each broker at FX Master Bot offer. Terms and conditions governing deposits and withdrawals are explained as well.
FX Master Bot states that all payment methods offered by its broker partners are 100% secure. You can see few of the selected payment methods on their website.
Currently, these include Mastercard, Visa, Discover, American Express and PayPal.
FX Master Bot Review – Is Fx Master Bot a Scam?
Completing this Fx Master Bot review process resulted with the conclusion that FX Master Bot is legit forex robot software and not a scam.
You are able to modify a lot of settings on your own and decide when to start or stop trading. Full control is in trader’s hands.
There were no reported deposit or withdrawal issues with any of the brokers that are integrated with FX Master Bot.
If you are still in doubts about forex robots, there are many auto trading forex robots in the market. I’m sure that you will be able to find something that is suitable for you.
You can check the overview by visiting our Best Forex Robots Overview