best forex trading robots reviews

In normal life working hard and being clever can often mean you make more money but in Forex trading neither apply or will make you money, just understand the following if you want to win…

Why You don’t need to Work Hard

Anyone can learn Forex trading in a few weeks and make money in 30 minutes or less per day. You don’t need to work hard you need to work smart get the right Forex education and apply your knowledge with discipline.

It doesn’t matter how long you take to generate your trading signal you are judged only on the result.

Many traders work hard, lose and think the more information they have the better and there always swapping systems etc where they should just get one and stick with it.

Why You Don’t need to be Clever

It’s a fact anyone can learn Forex trading and simple systems work best as the market is based on odds – in fact its very similar to playing poker, you play the odds correctly and win.

Why Keeping it Simple and NOT Working hard is the Right Way

More top traders in the world come from a background of poker than they do mathematics and these guys make a killing – they keep it simple and play the odds and if you do to – you can win.

The Forex markets haven’t changed in 50 years and the same ratio of losers to winner’s remains, despite all the advances in forecasting and education which leads to an obvious conclusion it doesn’t help.

Forex trading is hard because you need the discipline to apply your method and this means keeping losses small as the market hands you a losing period – this is where most traders fail and you need to get the right mindset to succeed.

Its mindset rather than working hard or complicated methods which is the most important trait when seeking Forex trading success.

Work smart, keep it simple and have mental discipline and confidence and you can win at Forex.

Many traders don’t win because they try to hard with their forex strategy, however there is no correlation between the effort you make and the profits you earn.

Let’s look how to work less on a forex trading strategy, work smart and make bigger profits.

1. Your method

Forget complicated methods simple ones work better and the top trading systems in the world are based on just a few indicators.

A simple system is more robust than a complicated one and another reason for a simple system is that its:

Easier to understand.

This gives you confidence so you can apply it with discipline an essential element of trading is to stick with your system through losing periods.

Many traders get frustrated with systems they don’t understand or are to complicated and chop ad change – don’t make this mistake.

A simple system based on sound logic is all you need.

Don’t tick watch

Many traders watch the markets all through the day for hours.

There is absolutely no point in doing this all short term moves are random only watch the prices once a day.

2. Trade longer term

If you day trade you will lose (as we have said all short term moves are random), trading longer term means that you will only need the close.

3. Applying your system

If you have a simple system its going to be about 10 minutes a currency to decide entry and exit levels so that’s around 30 minutes a day. Place your orders set your stops and that’s it.

So how long does it take to do your forex trading strategy?

Getting a system that suits you is the longest part and we have given in the past advice on how to do this.

It doesn’t take that long however and about a week or two is all you need to get one sorted, then its under 30 minutes a day.

Big profits

Once you are in big trends you can sit back for weeks or months and watch profits pile up. If you are wrong you are taken out on stop you set and that’s it.

Trade sparingly

Only look for the best risk reward trades on breakouts, that could yield big profits and don’t look to do marginal trades.

The big trades per currency only come a few times per year so be patient.

That’s about it.

There is no correlation between how much money you make and the time spent on trading in fact the opposite is true.

You need to work smart not hard on your forex trading strategy – remember that.

The first point you need to understand as part of you forex education is your success will not just depend on your method but your discipline to execute it. Most traders can’t and lose and this is because they don’t understand that discipline can only be acquired, if you take on traits that are not acceptable in normal society.

Discipline in forex trading means – you have to accept that you are going to need to act in a way that would normally be seen as acceptable in everyday life. People find this hard to do and some explanation will make this clearer.

1. Be a Loner

Man is a pack animal and since stone age times we have sought safety in groups – they make us feel safe, wanted and accepted. In forex trading however if you run with the pack you are going to lose, as 95% of traders do and thats a fact.

When man gets in a group he runs with the herd and the herd is always wrong in forex trading, as you are infleunced by the emotions of the crowd.

You need to be a loner and not listen to others – don’t share your opinions with others and don’t let others influence you. You’re on your own – but that’s the best place to be in forex trading and could make you a fortune.

2. Break & Make the Rules

You will hear lots of common wisdoms spouted in forex trading and do you know what?

Most of them are wrong.

This again goes with the fact the majority of traders lose.

In life were used to order:

We stop at red lights, don’t drop litter, don’t drink and drive etc or we know what the consequneces will be – our lives are ordered for us.

Forex trading is different we get to make the rules and they will decide our financial destiny, as there are none to start with.

The forex market is chaos, an all powerful force, moving as when it wants and only it can be right and only the trader can be wrong.

You need to create a set of rules to work with it and earn your living.

You’re a bit like the captain of a ship – the ocean is all powerful but you can make a living from it.

You can navigate it correctly and make a living or you can drown the choice is yours.

Most traders cannot take responsibility, cannot make their own rules and follow the herd, news wires gurus, or sure fire trading systems and lose.

3. The Work Ethic Doesn’t Apply

In most jobs the more hours you put in the more you get out in terms of reward – not so in forex trading, you only get rewarded for being right and that’s it.

You can spend 20 minutes a day or 5 hours – but that will not influence how much money you make.

Many traders work hard but they don’t work smart they learn lots of information and lose – others work short periods work smart and win.

4. Most Traders Can’t Accept Big Gains

This may sound odd but it’s true.

Traders hit a trend and then rather than follow it want to snatch the profit.

Why?

Because they think it’s too easy, they haven’t put enough effort in and it really won’t run on – but it does and they snatch it early, before it gets away.

In many instances they can’t believe they can make a huge profit for so little effort or they simply don’t have inner confidence in their ability and these traders let huge profits get away all the time.

Spotting big trends is easy, holding them requires huge mental discipline.

So if you learn one thing from your forex education, learn that it is not hard to learn a method but it is hard to learn the discipline to execute a method.

Discipline is hard because it sets us against the market on our own and makes us responsible.

Running with the pack, listening to the news or a guru won’t help – you’re on your own and most traders simpy cant accept this fact.

Of course if you accept the above, take responsibility for your actions and understand yourself, you can earn huge rewards.

What kind of funds do you need to start ?

I read a lot about FOREX education and how it is essential to succeed and of course this is true, but most people don’t really understand what they should learn and how to do it.

So here are some guidelines, on how to work smart and not hard to achieve FOREX trading success.

When you are looking for FOREX education you can get most of it for free on the net.

Don’t be tempted to buy e-books or “sure fire” trading methods from guru’s.

Why?

Because the FOREX education they offer is normally going to cost you and it’s not worth the money.

Most of it is written by great salesman (with great copy) or failed brokers.

In most cases, if it was that good they wouldn’t be selling it; they would keep quite and make money for themselves.

Harsh but true!

If you do want to buy from a guru on the web make sure they have a real time track record that has made money and not a simulation.

The good news is:

There is a huge resource of information on the web you can tap into and it’s all free.

As a novice trader you can learn everything about technical analysis and indicators and see how they have performed in real time.

You can also find lots of material on the traits of successful traders and how you can acquire these traits to make money.

You can then build a trading system for free from this FOREX education and even learn how to apply it.

Paid education that is worth the money.

Look no further than an online bookstore.

There are many great books you can buy from traders who have made money.

Unlike the guru’s on the net who rely on hyped sales copy these guys don’t need to:

They have made real money and lots of it.

There are many books to choose from but here are some of my favourites after reading several hundred over the last 18 years:

1. Market Wizards – Jack Shwager ( Edit )

This book is interviews with some of the all time great traders and allows you to tap into and learn from the best.

Quite simply, inspiring and essential FOREX education.

2. Trader Vic – Victor Sperandeo

Perhaps my favourite book of all time.

EVERYTHING you need to know about devising a plan for profit is in this book.

From the essentials of a trading plan, to money management and how to acquire discipline to stick with your plan and achieve trading success.

Again, essential FOREX education.

Other authors to check out are:

John Murphy (for his writing’s on technical analysis) Max Günter (check him out for some un conventional money making tips!) Jake Bernstein (great insight into the mindset you need to win) and finally, William Gallagher’s excellent book Winner Takes All – A very entertaining read.

There are many more but the above will give you some great FOREX education.

My own view in terms of FOREX education is to get all the info for free of the net to construct and implement your plan.

Then round it off with some FOREX education from traders who have been their, done it and made money.

I hope you enjoyed my thoughts on FOREX education and wish you trading success.

If you are familiar with market trading trends today, then you will find that forex trading robots are now all the rage in foreign exchange market trading. These neat pieces of software programming offer all traders an opportunity to trade on the foreign exchange market at the least possible hassle to themselves and at the lowest risk factor.

If you are interested in getting into trading at the international foreign exchange currency market, do not fall for the forex robot rip-offs that promise you so much money with matching user testimonials. More often than not, those testimonials are special cases and are not a general result of using their forex robot. Instead, use the known, tested and rated forex trading robots available on the market today. Here are a few:

FAP Turbo ? given a forex robot rating of 5 stars, this software was developed by a seasoned group of experts in trading and programming. So far, FAP Turbo has delivered the highest performance in terms of low risk, high profit foreign exchange market trading as rated by many traders. Flexible and easy to use, you are also provided with video tutorials to follow how you can use FAP Turbo and start making big profits in foreign exchange trading accounts today!

Insider Pro Forex Robot ? also has a proven track record in reliable and profit maximizing foreign exchange trading. This is definitely not a forex robot rip-off because it allows you to trade with a capital of as low as $250 in investment start-up. Insider Pro Forex Robot will give you the comfort and ease of making money 24/7 without you having to monitor all the markets constantly.

Forex AutoPilot ? with a forex robot rating of 4 stars, this was a previous title holder of a 5 stars rating by traders! This sophisticated piece of programming has great performance in terms of raking in profits for the trader that utilizes it. Leave your forex trading account in the reliable and risk-reduced hands of Forex AutoPilot so that you can experience a big increase in profits at the least hassle to you!