Fap Turbo VS Mega Droid: Which Forex Bot is better?
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We all know that theres a LOT of money to be made in the forex trading market. The newest and easiest was it by using a robot that trades for you 24/7. I've purchased the top two rated robots and have been keeping tabs on their progress.
MegaDroid:
Although MegaDroid was recently released to the public on March 28th it has actually been running since 2004. I have great respect for the creators for testing and perfecting the robot for so long. MegaDroid is the first to use RCTPA technology and is considered to be capable of making very fast trades with 95.82% accuracy. One of the leading problems with the older robots was the inability to open and close the trades fast enough. Since megadroid has only been available to the public for 1 month, there is not a lot of feedback as to how the robot is doing for the general public. For myself, I can say that it is making a steady profit day after day.
MegaDroid is my number one choice for beginners who have little to invest and need a place to start. For those with a larger investment see my review on Fap Turbo.
Forex MegaDroid also offers easy installation, an introductory low price at $97 (soon to be $399), 24/7 support, instructions, member-only access, 1 trading license, very fast trading capabilities, and an outstanding robot that will trade for you 24/7. Its never been easier to make money while you sleep!
Summary: MegaDroid is my number 1 choice for beginners, those with a small investment amount, and those that already have Fap Turbo and want to run more than one trading account.
Get MegaDroid Now.
Fap Turbo:
Fap Turbo is my favorite choice when it comes to those with larger investments and those with experience in the forex market. Its been around since 2007 and it immediately blew all of the other robots out of the water within a week of test time. My one rejection to fap turbo is that the installation process could be difficult for beginners. I myself had to use customer support a few times before I got everything set up. If you're familiar with the installation process, you'll be fine. Since Fap Turbo has been out for quite some time, there is a large amount of information out there from the general public about its successes. You'll also have access to the Fap Turbo Forum after purchasing. This is very helpful if you're curious to see how others are doing.
Fap Turbo offers an average installation experience, a decent price at $140 (sale price), 24/7 support, member-only access, 1 trading license, super fast trading capabilities, tons of proof of success, a 60 day money-back guarantee, dual download options (You can chose the beginner or pro version of the robot)
Summary: Fap Turbo is my number 1 choice for those with larger amounts to invest, those upgrading from MegaDroid, and of course those who just want to have multiple robots working for them. I myself have fap turbo and megadroid running 24/7 for me.
TIP: Fap Turbo is going to recommend using FXDD as your metatrader broker. I do not recommend them. Their spreads are far too high for Fap Turbo to trade well. My fap turbo has been most successful with my Alpari US account.
Get Fap Turbo Now
To your success!
Mrs Forex
Can You Make Money Online Trading Forex?
Can You Make Money Online Trading Forex?
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The forex market is filled with scam offers and pie in the sky promises. On the other hand, it is the largest, most liquid market that trades twenty four hours a day. So how to find your way through the maze of offers that are out there, well here are four steps to becoming a successful trader.
Becoming a successful Forex trader basically comes down to four things:
1) Learning about the markets and your appitite for risk
How the markets work, what moves them, etc is a simple matter as these markets are not that complicated. Determining how well you are suited to trading is a difficult process however. Finding out how you react to stress and perform when real money is on the line can be a life long process
2) Finding and learning a system that fits your personality and life style
There are as many different systems as there are traders, many have been proven over time, so really the only question is which one suits me.I know many will dispute this point, however it really is not as complicated as some try to make it. Most of those making it hard are really just trying to sell you something. There are many free systems that once learned and traded can make you wealthy
3) Testing that system until you have an edge.
Testing is the heart of becoming a good trader. Most people don't do this. If you test something until you can prove and edge, no matter how small it may seem, you just need to trade it over and over to make money.
4) Trading that system exactly how you tested it, until you are wealthy.
Many traders are always looking for that magic system that will make money fast. The secret to wealth is to stick to the system you have tested and proved and do it until you acumulate wealth. Not chase the latest trading software or system.
When you are ready to trade this market, keep these four simple steps in mind and then do not let anything stand in your way of becoming the trader you want to be.
About the Author
To find the way to make money online by trading be sure to visit http://makemoneyonlinebytrading.com/
Recommended Forex Trading Platforms
More articles in this Category
1: Learn the Simple Forex Market
2: Automated Forex Trading System
3: Forex Signals Providers - Are They Really Worth Your Money?
4: Can You Make Money Online Trading Forex?
5: Online Forex Resources Are Abundant
6: Fap Turbo VS Mega Droid: Which Forex Bot is better?
7: Forex Trading For Beginners - 10 Essential Tips For Forex Trading Success
8: Forex Trading Education - 5 Key Points That Will Make You Successful When 95% of Traders Lose
9: Methods of Foreign Exchange Trading For Starters
10: Knowing the Foreign Exchange Trading Basics
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2: Intro To Forex Options
3: Learning to Trade Stocks
4: Short Term Options Trading
5: 5 LOGICAL STEPS TO PROFITABLE FOREX TRADING CAREER
6: Learn the Simple Forex Market
7: 13 SECRETS THAT GENERATED 992 PIPS NET PROFIT IN 15 FOREX TRADING DAYS
8: Successful Forex Rading System
9: Automated Forex Trading System
10: DISCOVER 2 STRATEGIES FOR MAKING OVER USD2000 WEEKLY AS A BREAKOUT FOREX TRADER
Trading Platforms
*
Recommended
* Forex Analysis
Providing free forex market technical analysis.
* Short Term Forex Analysis
Daily forex market analysis, free forex trading courses
* Forex Technical Analysis
Talking About Forex Technical Analysis, Forex Trading, Trading System, Forex Brokers.
Home | Forex Trading | Latest Articles | Submit Article | Search | Contact Us | Forex Resources
Copyright © 2007 - 2009 ForexArticleCollection.co
View PDF | Print View
Total views: 218
Word Count: 351
The forex market is filled with scam offers and pie in the sky promises. On the other hand, it is the largest, most liquid market that trades twenty four hours a day. So how to find your way through the maze of offers that are out there, well here are four steps to becoming a successful trader.
Becoming a successful Forex trader basically comes down to four things:
1) Learning about the markets and your appitite for risk
How the markets work, what moves them, etc is a simple matter as these markets are not that complicated. Determining how well you are suited to trading is a difficult process however. Finding out how you react to stress and perform when real money is on the line can be a life long process
2) Finding and learning a system that fits your personality and life style
There are as many different systems as there are traders, many have been proven over time, so really the only question is which one suits me.I know many will dispute this point, however it really is not as complicated as some try to make it. Most of those making it hard are really just trying to sell you something. There are many free systems that once learned and traded can make you wealthy
3) Testing that system until you have an edge.
Testing is the heart of becoming a good trader. Most people don't do this. If you test something until you can prove and edge, no matter how small it may seem, you just need to trade it over and over to make money.
4) Trading that system exactly how you tested it, until you are wealthy.
Many traders are always looking for that magic system that will make money fast. The secret to wealth is to stick to the system you have tested and proved and do it until you acumulate wealth. Not chase the latest trading software or system.
When you are ready to trade this market, keep these four simple steps in mind and then do not let anything stand in your way of becoming the trader you want to be.
About the Author
To find the way to make money online by trading be sure to visit http://makemoneyonlinebytrading.com/
Recommended Forex Trading Platforms
More articles in this Category
1: Learn the Simple Forex Market
2: Automated Forex Trading System
3: Forex Signals Providers - Are They Really Worth Your Money?
4: Can You Make Money Online Trading Forex?
5: Online Forex Resources Are Abundant
6: Fap Turbo VS Mega Droid: Which Forex Bot is better?
7: Forex Trading For Beginners - 10 Essential Tips For Forex Trading Success
8: Forex Trading Education - 5 Key Points That Will Make You Successful When 95% of Traders Lose
9: Methods of Foreign Exchange Trading For Starters
10: Knowing the Foreign Exchange Trading Basics
Latest Articles
1: Understanding the fundamentals of Commodity Futures Trading
2: Intro To Forex Options
3: Learning to Trade Stocks
4: Short Term Options Trading
5: 5 LOGICAL STEPS TO PROFITABLE FOREX TRADING CAREER
6: Learn the Simple Forex Market
7: 13 SECRETS THAT GENERATED 992 PIPS NET PROFIT IN 15 FOREX TRADING DAYS
8: Successful Forex Rading System
9: Automated Forex Trading System
10: DISCOVER 2 STRATEGIES FOR MAKING OVER USD2000 WEEKLY AS A BREAKOUT FOREX TRADER
Trading Platforms
*
Recommended
* Forex Analysis
Providing free forex market technical analysis.
* Short Term Forex Analysis
Daily forex market analysis, free forex trading courses
* Forex Technical Analysis
Talking About Forex Technical Analysis, Forex Trading, Trading System, Forex Brokers.
Home | Forex Trading | Latest Articles | Submit Article | Search | Contact Us | Forex Resources
Copyright © 2007 - 2009 ForexArticleCollection.co
Learn the Simple Forex Market
Learn the Simple Forex Market
View PDF | Print View
Total views: 129
Word Count: 323
Forex trading is a market which is both complex and simple. How to make money is the simple part, but the implementation of the process to learn forex market can be a little difficult. Forex education can prove to be a boon for all those who are willing to try their luck in forex trading. Therefore it is very important for them to understand the ways and methods of forex trading before actually getting into it. Even if one is well experienced in trading, there is always a room for improvement even for the experts.
The forex market is surely not a game for a fresher in this field and they need to improve their skills before getting their hands wet. The fact is that many individuals who make money online keep losing money in the forex market and very few are earning millions annually. This major difference is caused by two main reasons, namely, forex trading skills and the trading system being used.
Forex trading gives a whole new option to the beginners to succeed financially. To learn Forex market and list Forex trading into one of your financial plans is a must. When an investor adapts the right trading skills, the limit to earn profits is left far behind. In other words there is no such limit defined to earn profits if the trading skills are absolutely apt. There are many trading systems that provide you with the facility of making money online. But what is required by us is to identify and understand that which one will suit the best to our requirement.
1. Note the values of the currencies
2. Know the trend ending time
3. Affect of current economy
4. Use of long term trading strategies
To succeed at currency trading, one needs to learn the right forex trading strategy which can be possible if and only if the traders follow these winning tips and to move ahead and reap huge benefits or profits.
About the Author
Learn Forex | Forex Book
Recommended Forex Trading Platforms
More articles in this Category
1: Learn the Simple Forex Market
2: Automated Forex Trading System
3: Forex Signals Providers - Are They Really Worth Your Money?
4: Can You Make Money Online Trading Forex?
5: Online Forex Resources Are Abundant
6: Fap Turbo VS Mega Droid: Which Forex Bot is better?
7: Forex Trading For Beginners - 10 Essential Tips For Forex Trading Success
8: Forex Trading Education - 5 Key Points That Will Make You Successful When 95% of Traders Lose
9: Methods of Foreign Exchange Trading For Starters
10: Knowing the Foreign Exchange Trading Basics
Latest Articles
1: Understanding the fundamentals of Commodity Futures Trading
2: Intro To Forex Options
3: Learning to Trade Stocks
4: Short Term Options Trading
5: 5 LOGICAL STEPS TO PROFITABLE FOREX TRADING CAREER
6: Learn the Simple Forex Market
7: 13 SECRETS THAT GENERATED 992 PIPS NET PROFIT IN 15 FOREX TRADING DAYS
8: Successful Forex Rading System
9: Automated Forex Trading System
10: DISCOVER 2 STRATEGIES FOR MAKING OVER USD2000 WEEKLY AS A BREAKOUT FOREX TRADER
View PDF | Print View
Total views: 129
Word Count: 323
Forex trading is a market which is both complex and simple. How to make money is the simple part, but the implementation of the process to learn forex market can be a little difficult. Forex education can prove to be a boon for all those who are willing to try their luck in forex trading. Therefore it is very important for them to understand the ways and methods of forex trading before actually getting into it. Even if one is well experienced in trading, there is always a room for improvement even for the experts.
The forex market is surely not a game for a fresher in this field and they need to improve their skills before getting their hands wet. The fact is that many individuals who make money online keep losing money in the forex market and very few are earning millions annually. This major difference is caused by two main reasons, namely, forex trading skills and the trading system being used.
Forex trading gives a whole new option to the beginners to succeed financially. To learn Forex market and list Forex trading into one of your financial plans is a must. When an investor adapts the right trading skills, the limit to earn profits is left far behind. In other words there is no such limit defined to earn profits if the trading skills are absolutely apt. There are many trading systems that provide you with the facility of making money online. But what is required by us is to identify and understand that which one will suit the best to our requirement.
1. Note the values of the currencies
2. Know the trend ending time
3. Affect of current economy
4. Use of long term trading strategies
To succeed at currency trading, one needs to learn the right forex trading strategy which can be possible if and only if the traders follow these winning tips and to move ahead and reap huge benefits or profits.
About the Author
Learn Forex | Forex Book
Recommended Forex Trading Platforms
More articles in this Category
1: Learn the Simple Forex Market
2: Automated Forex Trading System
3: Forex Signals Providers - Are They Really Worth Your Money?
4: Can You Make Money Online Trading Forex?
5: Online Forex Resources Are Abundant
6: Fap Turbo VS Mega Droid: Which Forex Bot is better?
7: Forex Trading For Beginners - 10 Essential Tips For Forex Trading Success
8: Forex Trading Education - 5 Key Points That Will Make You Successful When 95% of Traders Lose
9: Methods of Foreign Exchange Trading For Starters
10: Knowing the Foreign Exchange Trading Basics
Latest Articles
1: Understanding the fundamentals of Commodity Futures Trading
2: Intro To Forex Options
3: Learning to Trade Stocks
4: Short Term Options Trading
5: 5 LOGICAL STEPS TO PROFITABLE FOREX TRADING CAREER
6: Learn the Simple Forex Market
7: 13 SECRETS THAT GENERATED 992 PIPS NET PROFIT IN 15 FOREX TRADING DAYS
8: Successful Forex Rading System
9: Automated Forex Trading System
10: DISCOVER 2 STRATEGIES FOR MAKING OVER USD2000 WEEKLY AS A BREAKOUT FOREX TRADER
Forex Market Overview
Forex Market Overview
Introduction
The following facts and figures relate to the foreign exchange market. Much of the information is drawn from the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2007. 54 central banks and monetary authorities participated in the survey, collecting information from approximately 1280 market participants.
Excerpt from the BIS:
"The 2007 survey shows an unprecedented rise in activity in traditional foreign exchange markets compared to 2004. Average daily turnover rose to $3.2 trillion in April 2007, an increase of 71% at current exchange rates and 65% at constant exchange rates...Against the background of low levels of financial market volatility and risk aversion, market participants point to a significant expansion in the activity of investor groups including hedge funds, which was partly facilitated by substantial growth in the use of prime brokerage, and retail investors...A marked increase in the levels of technical trading – most notably algorithmic trading – is also likely to have boosted turnover in the spot market...Transactions between reporting dealers and non-reporting financial institutions, such as hedge funds, mutual funds, pension funds and insurance companies, more than doubled between April 2004 and April 2007 and contributed more than half of the increase in aggregate turnover." - BIS
Structure
* Decentralised 'interbank' market
* Main participants: Central Banks, commercial and investment banks, hedge funds, corporations & private speculators
* The free-floating currency system arose from the collapse of the Bretton Woods agreement in 1971
* Online trading began in the mid to late 1990's
Source: BIS Triennial Survey 2007
Trading Hours
* 24 hour market
* Sunday 5pm EST through Friday 4pm EST.
* Trading begins in the Asia-Pacific region followed by the Middle East, Europe, and America
Size
* One of the largest financial markets in the world
* $3.2 trillion average daily turnover, equivalent to:
o More than 10 times the average daily turnover of global equity markets1
o More than 35 times the average daily turnover of the NYSE2
o Nearly $500 a day for every man, woman, and child on earth3
o An annual turnover more than 10 times world GDP4
* The spot market accounts for just under one-third of daily turnover
1. About $280 billion - World Federation of Exchanges aggregate 2006
2. About $87 billion - World Federation of Exchanges 2006
3. Based on world population of 6.6 billion - US Census Bureau
4. About $48 trillion - World Bank 2006.
Source: BIS Triennial Survey 2007
Major Markets
* The US & UK markets account for just over 50% of turnover
* Major markets: London, New York, Tokyo
* Trading activity is heaviest when major markets overlap5
* Nearly two-thirds of NY activity occurs in the morning hours while European markets are open6
5. The Foreign Exchange Market in the United States - NY Federal Reserve
6. The Foreign Exchange Market in the United States - NY Federal Reserve
Average Daily Turnover by Geographic Location
Source: BIS Triennial Survey 2007
Concentration in the Banking Industry
* 12 banks account for 75% of turnover in the U.K.
* 10 banks account for 75% of turnover in the U.S.
* 3 banks account for 75% of turnover in Switzerland
* 9 banks account for 75% of turnover in Japan
Source: BIS Triennial Survey 2007
Technical Analysis
Commonly used technical indicators:
* Moving averages
* RSI
* Fibonacci retracements
* Stochastics
* MACD
* Momentum
* Bollinger bands
* Pivot point
* Elliott Wave
Currencies
* The US dollar is involved in over 80% of all foreign exchange transactions, equivalent to over US$2.7 trillion per day
Currency Codes
* USD = US Dollar
* EUR = Euro
* JPY = Japanese Yen
* GBP = British Pound
* CHF = Swiss Franc
* CAD = Canadian Dollar (Sometimes referred to as the "Loonie")
* AUD = Australian Dollar
* NZD = New Zealand Dollar
Average Daily Turnover by Currency
N.B. Because two currencies are involved in each transaction, the sum of the percentage shares of individual currencies totals 200% instead of 100%.
Source: BIS Triennial Survey 2007
Currency Pairs
* Majors: EUR/USD (Euro-Dollar), USD/JPY, GBP/USD - (commonly referred to as the "Cable"), USD/CHF
* Dollar bloc: USD/CAD, AUD/USD, NZD/USD - (commonly referred to as the "Kiwi")
* Major crosses: EUR/JPY, EUR/GBP, EUR/CHF
Average Daily Turnover by Currency Pair
Source: BIS Triennial Survey 2007
Introduction
The following facts and figures relate to the foreign exchange market. Much of the information is drawn from the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2007. 54 central banks and monetary authorities participated in the survey, collecting information from approximately 1280 market participants.
Excerpt from the BIS:
"The 2007 survey shows an unprecedented rise in activity in traditional foreign exchange markets compared to 2004. Average daily turnover rose to $3.2 trillion in April 2007, an increase of 71% at current exchange rates and 65% at constant exchange rates...Against the background of low levels of financial market volatility and risk aversion, market participants point to a significant expansion in the activity of investor groups including hedge funds, which was partly facilitated by substantial growth in the use of prime brokerage, and retail investors...A marked increase in the levels of technical trading – most notably algorithmic trading – is also likely to have boosted turnover in the spot market...Transactions between reporting dealers and non-reporting financial institutions, such as hedge funds, mutual funds, pension funds and insurance companies, more than doubled between April 2004 and April 2007 and contributed more than half of the increase in aggregate turnover." - BIS
Structure
* Decentralised 'interbank' market
* Main participants: Central Banks, commercial and investment banks, hedge funds, corporations & private speculators
* The free-floating currency system arose from the collapse of the Bretton Woods agreement in 1971
* Online trading began in the mid to late 1990's
Source: BIS Triennial Survey 2007
Trading Hours
* 24 hour market
* Sunday 5pm EST through Friday 4pm EST.
* Trading begins in the Asia-Pacific region followed by the Middle East, Europe, and America
Size
* One of the largest financial markets in the world
* $3.2 trillion average daily turnover, equivalent to:
o More than 10 times the average daily turnover of global equity markets1
o More than 35 times the average daily turnover of the NYSE2
o Nearly $500 a day for every man, woman, and child on earth3
o An annual turnover more than 10 times world GDP4
* The spot market accounts for just under one-third of daily turnover
1. About $280 billion - World Federation of Exchanges aggregate 2006
2. About $87 billion - World Federation of Exchanges 2006
3. Based on world population of 6.6 billion - US Census Bureau
4. About $48 trillion - World Bank 2006.
Source: BIS Triennial Survey 2007
Major Markets
* The US & UK markets account for just over 50% of turnover
* Major markets: London, New York, Tokyo
* Trading activity is heaviest when major markets overlap5
* Nearly two-thirds of NY activity occurs in the morning hours while European markets are open6
5. The Foreign Exchange Market in the United States - NY Federal Reserve
6. The Foreign Exchange Market in the United States - NY Federal Reserve
Average Daily Turnover by Geographic Location
Source: BIS Triennial Survey 2007
Concentration in the Banking Industry
* 12 banks account for 75% of turnover in the U.K.
* 10 banks account for 75% of turnover in the U.S.
* 3 banks account for 75% of turnover in Switzerland
* 9 banks account for 75% of turnover in Japan
Source: BIS Triennial Survey 2007
Technical Analysis
Commonly used technical indicators:
* Moving averages
* RSI
* Fibonacci retracements
* Stochastics
* MACD
* Momentum
* Bollinger bands
* Pivot point
* Elliott Wave
Currencies
* The US dollar is involved in over 80% of all foreign exchange transactions, equivalent to over US$2.7 trillion per day
Currency Codes
* USD = US Dollar
* EUR = Euro
* JPY = Japanese Yen
* GBP = British Pound
* CHF = Swiss Franc
* CAD = Canadian Dollar (Sometimes referred to as the "Loonie")
* AUD = Australian Dollar
* NZD = New Zealand Dollar
Average Daily Turnover by Currency
N.B. Because two currencies are involved in each transaction, the sum of the percentage shares of individual currencies totals 200% instead of 100%.
Source: BIS Triennial Survey 2007
Currency Pairs
* Majors: EUR/USD (Euro-Dollar), USD/JPY, GBP/USD - (commonly referred to as the "Cable"), USD/CHF
* Dollar bloc: USD/CAD, AUD/USD, NZD/USD - (commonly referred to as the "Kiwi")
* Major crosses: EUR/JPY, EUR/GBP, EUR/CHF
Average Daily Turnover by Currency Pair
Source: BIS Triennial Survey 2007
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