Click Link for forex reviews for beginners http://www.theticketstream.com/forex8 Forex simply stands for foreign exchange trading. Unlike the past, many traders use internet brokers to trade currency. The traders have to technically analyze the market so as to make good choices. This requires careful study of price actions and other technical indicators. This is not easy since one has to monitor the market round the clock. However, thanks to the creation of Forex robots, trading currencies has become easy.There are many robots out there that claim to offer the best services. However, some are scums and end up costing one their investment. That is why it is important to know the best Forex robots in the market.FAP turbo is one of them. It gives one the option of using long term or short term strategies to trade a range of currency pairs. Its success rate has been 95% over the years, with very few cases of drawdowns.It is mostly meant for professionals who like to try different strategies. However, if you are a rookie, it is advisable that you use fully automated systems. Some of them are explained below.Ivy bot is an example of the fully automated bots mentioned above. It has an average of 94% successful trades. It only trades four pairs of currency. However, there are some options that you can tweak to get the best results. It takes some time to learn how to do so.With this robot, the manufacturers perform the tweaks for you. They also provide you with weekly updates to improve how you perform. That is why this bot is ideal for amateurs.Forex Megadroid is another fully automated bot that produces good results. It takes the conditions in the market into account before placing any trades. This is quite different from the others that use predetermined indicators and entry points so place trades.Its success rate stands at 96%. It trades one currency pair, which is the Euro and US Dollar. It is very effective in trading those two currencies. Though, it is not as popular as the first two, it is quickly growing in client base due to its trusted reputation.When using Forex robots it is very important to always leave your computer running at all times. You should also use good money management methods that allow the bots to bet a small amount during initial trading. Ensure you test the bot over a wide range of market conditions, using different settings before you buy it.
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