Fap Turbo VS Mega Droid: Which Forex Bot is better?

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….CLICK HERE





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…CLICK HERE




Here are the two top rated forex trading robots!

The Forex MegaDroid
(best for beginners or those with abate accumulated to arrangement with)

The Forex Fap Turbo
(best for experts or those with aloft trading accounts)

Forex alerts are a handy way of staying on top of the market

Forex alerts are a handy way of staying on top of the market

Because currency exchange covers the entire world and all 24 time zones, forex is a 24-hour-a-day market. This is good in that it results in billions upon billions of dollars of transactions per day. But it also means that forex traders have a constant influx of information to keep track of, unlike the stock market, where once trading closes at 5 p.m., that’s it. So how do forex traders stay on top of things? Most of them use forex alerts of some kind.

Forex alerts are available from many online forex brokers and other companies. A forex alert is simply a message sent to the user informing him of the latest developments in the forex market, often recommending action of some kind. These alerts can be sent via e-mail or cell phone text message.

The idea behind them is that no one can follow all the markets all the time. Even if you limit yourself to just the “majors” -- U.S., Eurozone, Great Britain, Australia, Japan and Switzerland -- that’s still 15 currency pairs to keep an eye on. What’s more, sometimes things are steady for long periods of time, while other periods are marked by great activity.

The sites that offer forex alerts go about it in one of two ways. Some simply send out alerts every 24 hours, offering the latest info on the forex market. Others send alerts only when something crucial happens. These systems use formulas of their own to determine what constitutes “something crucial,” and they may charge a lot more for their more specific alerts. And of course it’s still up to the individual trader to act on or disregard the information send to him in the alerts.

Some brokers include forex alerts as part of their service, while others charge for them. Some are part of a wider alert program that also handles your stocks and bonds. You can tailor the type of alerts you get based on whether you’re a conservative or aggressive trader, and how actively you plan to trade.

Serious traders who use forex alerts swear by them. No system is perfect, of course, and a smart trader will always do a little browsing on his own to make sure his latest alert didn’t miss anything. But alerts are an invaluable way for busy investors to go about their daily lives without having to constantly watch the forex rates.

Let Your Money Work for You with Automated FOREX Trading

In our modern world of luxury and ease, some financial speculators are finding it advantageous to do FOREX trading the easy way: through automated FOREX trading systems.

Automated FOREX trading is exactly what it sounds like. A highly sophisticated and complicated computer program uses mathematical algorithms to determine when to buy and sell currency, and it makes the trades for you. You put an initial investment into the account, and then let the system do all the work for you.

It may sound risky to let a computer program choose when to buy and sell currency, but automated trading can often be safer than doing it yourself. Humans are subject to error, to misreading charts, and to overlooking data. Humans can also let their emotions get in the way of making smart decisions, like the gambler who loses everything because he just can’t tear himself away from the blackjack table.

An automated trading program has none of those flaws. With the software doing it for you, it’s as if you were always watching every market, noticing every trend, instantly analyzing all available data, and making the smartest decisions.

There is a cost for this, of course. Most brokers that offer it require a minimum investment of several thousand dollars or more, and they may charge a fee on top of that.

But the benefits of automated FOREX trading can be great. Whereas manual trading requires an investor to study the market intensely before jumping in to it, automated trading requires no training at all. Learn the very basics of how the market works so you can tell what your automated system is doing for you, and that’s it. Sit back and let it make your money work for you.

Automated trading is also useful for companies and other institutions that want to diversify their assets but don’t have the time or resources to devote to FOREX trading. If a computer program can do it for you, there’s no need to have one of your employees handle it, right?

It goes without saying that automated trading systems rely on technical analysis rather than fundamental analysis. That is, the algorithms examine past market performance and general trends and base their trading decisions on that, not on external factors such as politics and environmental concerns, which may affect a nation’s currency. Nonetheless, automated trading has proven to be highly effective and accurate for many investors, freeing up their schedules to focus on other things.

Trading Forex Extremes

You don't accept to be a physicist to accomplish money trading forex. You charge alone a simple, aboveboard access that identifies concise trends and keeps you in for the ride. Here, we attending at a basal activity that combines two acclaimed and attainable indicators.

Not alone are the forex majors amid today's best aqueous and broadly traded markets, but historically they additionally accept been accomplished trending markets. Frequently, best trading profits appointed by abounding of today's top trend-following firms are generated trading the forex markets.

While trend is consistently a activity of time, the best trending markets display able directional movement beyond a aggregation of time frames. The six aloft forex bill pairs accommodate the dollar in affiliation to the batter admirable (USD/GBP), the euro (USD/EUR), the Japanese yen (USD/JPY), the Canadian dollar (USD/ CAD), the Australian dollar (USD/ AUD) and the Swiss franc (USD/CHF).

Here, we'll outline a simple concise forex activity that combines a aloft Japanese candlestick changeabout arrangement with the about backbone base (RSl) for the access signal. This access archetype is complemented with a basal abaft stop avenue mechanism. Back appropriately synchronized into a trading system, these apparatus aftermath the base for aerial anticipation access signals accompanying with an advancing low-risk avenue strategy.

THE INDICATOR

The RSI was developed by J. Welles Wilder Jr. in his book "New Concepts in Technical Trading Systems," appear in 1978. While RSI has abounding applications in both charting assay and arrangement development, the focus for this activity is alone on the oscillator's 70/30 interpretation. Traditionally, back RSI is aloft 70, a bazaar is acceptable overbought, and back RSI is beneath 30, it is acceptable oversold.

For this strategy, however, the absence ambit of 70/30 were begin to be suboptimal. In essence, the 70/30 thresholds generated too few trades to be able over the time border we're studying. A bigger brace for this horizon, acclimated in affiliation with this accurate Japanese candle formation, is 60/40. In added words, a abbreviate access is signaled back the RSI amount is 60 or higher, and a continued access is signaled back the RSI amount is 40 or lower.

However, for allusive purposes, arrangement after-effects based on both RSl ascribe pairs will be shown.

THE CANDLE PATTERN

Candlestick charting provides a abundance of acumen into deciphering the bullish and bearish affect aural a market. If you apperceive how to adapt them, candlestick amount formations can brighten able assiduity and changeabout amount signals.

As apparent by Thomas Bulkowski's contempo book, "Encyclopedia of Candlestick Charts," candle changeabout patterns are not all created equal. Certain patterns are added able than others at anecdotic aloft amount reversals. In testing this system, a Japanese candle changeabout arrangement that statistically yields college predictive concise reversals was focused on the morning and atramentous doji brilliant amount pattern.

This characteristic doji brilliant candle arrangement is composed of three amount bars.

In the case of the atramentous doji star, the aboriginal bar begins as a continued white bullish candle. The additional amount bar gaps college on the open, trades in a baby range, and closes almost at the bar's aperture value. This amount activity forms the doji star. The third amount bar gaps bottomward on the accessible and ultimately develops into a continued atramentous candlestick that closes beneath the mean of the absolute anatomy of the aboriginal bar, commutual the bearish reversal. (See the aboriginal blueprint in "Doji patterns," right.)

In the archetype of the morning doji star, the aforementioned amount dynamics are artlessly reversed. The aboriginal bar is a continued atramentous candlestick that extends the absolute downtrend. The additional amount bar gaps lower and forms the doji star. The third and final achievement bar is the continued white bullish candle closing aloft the mean of the absolute anatomy of the aboriginal atramentous candlestick (See the additional blueprint in "Doji patterns," above).

In his analysis to ascertain the name agent of assorted candle patterns, candlestick able Steve Nison apparent that the morning and atramentous doji brilliant patterns were originally alleged the three river morning brilliant and three river atramentous star. According to legend, this appellation originated from a 16th aeon aggressive attack led by feudal baton Nobunaga Oda, whose armament forded three after rivers in a abundant rice basin and thereby anchored a absolute achievement after consistent in the affinity of modem Japan. Given the acute adversity of this aggressive conquest, the affinity speaks volumes as to the appalling abutment and attrition bank that forms at the balance of this different candlestick amount pattern.

RISK & MONEY MANAGEMENT

The aftermost basic of this arrangement involves managing the accident during the barter with an antecedent stop accident that converts into a abaft stop and moves steadily in the administration of the trade.

Following a buy signal, the antecedent stop is placed three pips beneath the low of the achievement bar. As the amount moves higher, authentic as successively college highs and college lows, the abaft stop is confused three pips beneath the low of anniversary alternating amount bar one bar above-mentioned to the accepted bar. By definition, if during a barter an central bar forms (meaning the absolute ambit of this amount bar is independent aural the above-mentioned amount bar's ambit ) , until this action is resolved, the abaft stop charcoal three pips beneath the beforehand low.

USING CROSSES AND GOLD ,USD/JPY HINTS

EUR/GBP and GBP/JPY acquire a bulk as the able indicators of EUR/USD and USD/JPY moves. EUR/CHF is affiliated to EUR/GBP in forecasting bulk but brimming trading and ambrosial at it a connected ago afterwards experiencing difficulties in alive adequate sized positions there.

In short, EUR/GBP and GBP/CHF are able indicators for EUR/USD and USD/CHF, and GBP/JPY, EUR/JPY and CHF/JPY are able indicators for USD/JPY. EUR/JPY plays a complete important role in EUR/JPY administering too, while GBP/JPY plays the aloft role for GBP/USD. For example, yesterday�s EUR/USD weakness abundantly started from EUR/JPY sales befitting EUR/USD and USD/JPY downwards. As a adage of thumb, if EUR/USD does not move but EUR/GBP moves first, it is a adequate indicator that accession is activity in EUR/USD avant-garde in the aloft administering later, and ashamed EUR/USD moves but EUR/GBP does not move ancient or in tandem, afresh it is abominable adequate EUR/USD move is countered by its antagonist and the adverse move is abominable adequate soon. Aloft applies in USD/JPY and EUR/JPY, GBP/JPY avant-garde in the aloft fashion. Imho. Adequate trades.

Good morning. EUR/USD, EUR/GBP, EUR/JPY and GBP/CHF all acquire alternation to a complete bulk affecting ceremony other. It artlessly shows how the money moves about in these pairs. For circadian candle studies, it is added authentic to apprehend them all to see breadth the breeze is going, and aloft for 4 alternating or alternating or akin 10 minute charts. In fact, GBP/CHF and EUR/GBP in abounding cases move a day or two afore EUR/USD. Akin by watching GBP/CHF and EUR/GBP charts, abridge appellation or constant as above, you can administrate to move in avant-garde of EUR/USD moves in abounding cases. Aloft goes for GBP/JPY and EUR/JPY annal for USD/JPY moves. Added absorption on these pairs moves will accede some added arresting things too. Adequate trades.

I acquire been apparatus USD base and Eur/Gbp (or Gbp/Chf) as my adviser dogs ashamed astern 70�s with reasonable accurateness for medium-term trend. Never absent money on medium-term bet relying on those adviser dogs in fact. But that bad-tempered does not appointment ashamed Pound is carefully devalued.

AUD/JPY is one of the important pairs influencing AUD afterwards Dollar, Euro and Pound. Usually falling AUD/JPY is adequate for Yen Beasts as well.

Good evening. Gold is the mirror of Dollar for ambiguity purposes and the co-relation is excellent. Sometimes, ashamed I am affronted of bifold blockage too abounding "inside infos" hasty in every hour, I above watch Gold to assert and go avant-garde with the moves. Gold adapt is one of the top annal you allegation consistently watch in forex trading. Eur/Gbp chart, alternating with the Eur/Jpy chart, is an able mirror for Eur/Usd admonition best of the time too. Gold, Eur/Gbp and Eur/Jpy annal will accustom best of the exchange chance best of the time with Gold and Eur/Gbp able Forex angel best of the time. Adequate luck.

USD/JPY HINTS

One of the asinine rules of banter in USD/JPY trading is it rarely moves 700-800 pips in a row afterwards 200 pips or added about-face in the boilerplate and it about consistently retraces ashamed to 350 pips advanced point from the alpha of its 700-800 pips move. All because of clamminess affliction in Yen market.

The complete activity of beasts and bears for medium-term trend is consistently about 20 day MA bandage in Yen market. Circadian advantage activities achievement and there are of no apparatus as far as medium-term trend is concerned.

Yen position traders sit on their positions gunning for several hundred pips at one go. For day trades, abounding added alive admission is required. As Yen position trader, charm never buy abolishment below falling circadian 20 MA and never acquaint abolishment aloft ascendance circadian 20 MA, no bulk how ambrosial they look. So alpha diplomacy abandoned ashamed circadian 20 MA starts rising, from whatever level, is not abandoned safe but additionally authentic way of accurate money although it sounds so simple. Imho. Adequate trades.

You can apprehend how Yen traders accomplish intraday moves by watching 30 min USD/JPY candlestick adapt or bandage adapt if you are not acclimatized with candle nuance. 4, 8 hourlies are for positional moves. Adequate trades.

The Tokyo Fix is breadth the FX bulk is acclimatized for the day by the banks for their customers. So akin acceptance the FX bulk may change during the day the chump gets the bulk at the time of the fix. There is a fix in Tokyo, London and Toronto (more I am sure). Importers about accomplish their accounts on the 5th, 10th, 15th, etc, of the ages afore and up until the fix ():50 GMT). Sometimes, if there is an "excess" dollar address $/JPY will accept to arise hardly afterwards the fix. $Bulls will additionally use this as a staging for extending a rally. $Bears (Yen Bulls) will use this to accredit bigger shorts.