The Best Performing FOREX Robots

• Forex is a term used to stand for the foreign exchange market. Many currency traders use online Forex brokers to buy and sell currency. Forex traders often use technical analysis to make their trading decisions. This involves studying combinations of price action (through chart patterns that emerge as price moves up, down and to the side) and technical indicators, which are supplied with any good trading software or charting website. Forex robots automatically make trades based on technical analysis techniques. There are lots of scam robots that make outrageous and untrue claims. The three mentioned here are trusted and long-standing best-sellers.

Fap Turbo

• You can trade a range of currency pairs using either short-term or long-term strategies with Fap Turbo. Fap Turbo's winning rate has been up to 95 percent over a number of years, and it's drawdown, or losing trades, less than one percent. The choice of settings in Fap Turbo is a bonus to slightly more experienced traders who like to experiment, but if you are a complete novice, you may want to try a fully automated system like Ivy Bot, or Forex Megadroid instead.

Ivy Bot

• Boasting an average of 94 percent winning trades, Ivy Bot is fully automated and trades four currency pairs. Most robots have adjustable settings that you learn to tweak over time to get optimum results. With Ivy Bot, the manufacturers do the tweaking for you, even giving you updates weekly to improve performance.

Forex Megadroid

• Forex Megadroid actually takes market conditions into account before placing a trade, rather than just trading from a predetermined set of indicator combinations and entry points. It has an overall average of nearly 96 percent and, like Ivy Bot, is also fully automated. Forex Megadroid only trades one currency pair, the EUR/USD, but does so very efficiently. Slightly less well known than Fap Turbo and Ivy Bot, this robot does, however, seem to be gaining a similarly trusted reputation.

Considerations

• Leave your computer switched on when running forex robots. Also make sure to operate good money management techniques, allowing the robots to bet only a small amount per trade initially, or letting them run only on practice accounts or accounts funded with a limited amount. Test any robot you buy over a range of market conditions and with different settings (if applicable), before trusting them on fully funded accounts. The efficiency of many changes over time. Lots of robot manufacturers make inflated claims. Make use of their 60-day money back guarantee, if they offer it. Most of them do offer this guarantee, so if they don't, question why that is before buying their product.