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The best automated forex systems trading for newbie?

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

Public Comments

1. The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission. If you look at the answer above you, you can see the "/4lBZn." If you go to the site, 4lBZn gets a kickback.


There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

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3. Hi , the best forex trading system is the one that makes you money! If you are a beginner your system must have good training, easy to follow instructions and hopefully, great software to support the system. You can take a look at the one I use, it has made me money many times over. Hope this helps.

4. Not the place to play if you don't have knowledge, a ton of $$ to spare --

These are some of the deepest, most liquid markets and they move fast. Even prop traders & FX ppl lose $$ on paper daily --

But if you want to dive in -- start reading on line, watch the markets, watch the technicals, and learn FX.
Your best bet may be on the option side but you better be ready to lose whatever you put in and cover your call/put ie make a straddle.
Don't forget to factor in transaction costs!

Honestly if you do NOT know anything about the markets -- I would not start there. But that is me.
You do know how to read the pricing?
If you don't then play in a safer place -- or something simple like an ETF.

5. If you are looking for the best forex software, use this software

http://bestautoforexsoftware.info

This software is the best software that can help increase your trading profit