How often have you seen the following online headlines relating to Forex trading robots? "New Forex Robot Launched! Double Your Money In 30 Days" or "Trade With 95%+ Accuracy"
The marketing of new and existing Forex products and the launch of new trading robots are generally undertaken by their creators with huge fanfare. Although one cannot criticize these marketing techniques, it does make it extremely difficult for the average trader to accurately evaluate these products. This is in part due to the time taken to evaluate the product (familiarization, set-up and testing) and also the cost in buying the various products. In a large number of cases, the marketing of the product then becomes the paramount factor in deciding which product to buy. This can cost the average trader dearly, due to the following factors:
As a Forex trader, profits are the only thing that you should be concerned about when choosing an automated Forex trading robot. So where do you even begin to make sense of what is the best Forex robot as there are so many products being promoted? All of these products claim to be the best available on the market, but are they? How will you know if these products will produce the promised results before you commit to buying?
The solution is to have available extensive, detailed Forex robots reviews that are based on detailed testing, comparison and independent, honest and unbiased reviews. In essence, someone to do the legwork for you on existing products, keep you abreast of new products and developments and go through the trouble of testing all products extensively. In short - you need independent, reliable Forex robots reviews to aid you in deciding on the best Forex trading robot for your needs.
One resource that can help you is FXTradingReviews.com, where the most popular forex robots are independently and honestly reviewed. A free e-book is also available on "How to Profit From Forex on Autopilot". Click here for more information.
Best Times to Trade Forex - Are You Profiting From The Best Times To Trade Forex When Day Trading?
Many people doing forex trading wonder what the best times to trade forex are. This stems from the fact that the forex market is virtually open 24 hours a day (except for weekends).Foreign Currency Trading Systems – Choose Your Foreign Currency Trading Systems Wisely Or Fail
Forex trading can be lucrative. It can generate a nice source of additional monthly income. It is quite accessible and fairly easy to start.Best Time To Trade Forex – There Are Optimal Times And Then 5 Times To Avoid!
In terms of day trading, it is a well-published preference amongst many traders that the overlapping hours of the UK and US markets (London/New York) provide the best time to trade forex as a result of the higher liquidity and trading activity during this time. Many experienced traders believe that the market is more efficient during times of high activity, thus providing a better opportunity for scalping and turning a trading profit.