Forex & Stock Trading Reviews


 

Forex and Stocks Automated Trading (robot or autopilot) programs are selling like hotcakes. It seems they are 'coming of age', but while some of them do work profitably, there are others that are little more than scams and should be avoided. 


Although these programs can be set up to trade by even absolute forex novices, those traders' chances of making a lot of money are limited without a sound grounding in forex trading principles and methods. Simply put, even when using robots (see below), there is nothing to replace good forex education/training. An ideal starter or revision course for new or still-losing traders is Forex Nitty Gritty, recently released by Bill Poulos. Priced at under $100 it contains all the advice and information needed to begin trading forex profitably while minimizing risk.

RELEASE OF VERSION 2.0 OF FOREX INCOME ENGINE

Someone who has not yet seen the new Forex Income Engine 2.0 probably wouldn't believe how well it works. Anyone who has had a sneak preview of it already knows that FIE 2.0 is much better than the original version. There are now three trading methods: intra-day trading, trade at any time and trade durations of 1-5 bars. It's not complicated, either; any level of trader can use these methods.

Forex Income Engine was one of the most popular and most comprehensive forex training courses released by Bill Poulos (well-known stock and later forex market veteran of some thirty years standing) in 2008.

Forex Income Engine was released in limited quantities as it includes live support and it was previously sold out. It's not cheap at nearly $2,000, but Bill Poulos has many satisfied students who attest to the quality of the training and support they receive; many of them are now successful traders in their own right.

Get more information on Forex Income Engine 2.0, just released.

Here is some feedback from some of Bill Poulos's students
after taking delivery of their training courses:

"Hello guys. I've just received my package. I want to
congratulate you all involved in this project because it's
really impressive. The quality of the material is surprising and
I am really excited to begin my studies. Thanks Bill for helping
a Brazilian man building a more comfortable future for his
family."

* Leo & Josana O., Brasilia, Brazil

----------

"So far I have made it through two CD-ROM modules, and I am
about to start learning about the 1st trading method. I will
probably be spending my entire weekend going over the course.
Let's just say I think your course is of the highest quality,
and is by far the best Forex course on the market. I think you
and your company are of the highest integrity and really want to
help traders succeed. I am so glad I did not hesitate on
purchasing your course!"

* Ken S., Muncie, IN

----------

"I received the materials yesterday. I had previously been doing
all of the recommended reading and videos online so I was up to
speed when the box hit my doorstep. I spent a couple of hours
reading through the book last night and I understand the
material 100 % with ease. I will watch the videos as I get a
chance and I am sure it will all stick to my brain the first
time through. I have been trading Forex only 2 wks with a $500
account and demo account to see how everything works...

I like what you are doing for these reasons:

1. Your program is done so professionally and with complete
"meat" included. I have spent $49 here and there for "systems"
that do not detail exact setup conditions, exact entry and exit
rules, exact money management rules, etc. This is what I am
looking for.

2. Your online marketing and communication and follow up is
unsurpassed.

3. You limit the number of new students you take on so you can
actually maintain enough bandwidth to service them.

4. Your price is not dirt cheap but it is not out of line
either. I spent $7500 on {another program} and results have been
less than impressive although the training was first rate... I
think I'll do better with your approach.

5. You come across as a very straight shooting, no BS, no
overplayed hype kind of guy which is unusual. You generate a
sense of trust and credibility that I hope turns out to be as
genuine as it seems.

It's been a huge dream of mine for the last 10 yrs to make
enough money at trading to do it full time, even if "full time"
amounts to only 20 minutes a day. The possibilities of this kind
of lifestyle are almost too good to believe could ever come to
pass for me but your systems gives me renewed hope."

* Steve H., Vestal, NY

----------

Get more information on Forex Income Engine 2.0, to be released soon.


FOREX ROBOTS CONTINUED...

Forex robots are priced anywhere from under $100 for Forex Boomerang, $150 for FAP Turbo and $5,000 for GOMEGA XRAY). Xray replaced GOmega Trader FX in March but it is already sold out and is not being released to the public market again.

However, a special GOmega "Pound Yen" version was released for 3 days in June.

The first RCTPA (Reverse Correlated Price & Time Analysis) robot

On March 31st FOREX MEGADROID, a new forex robot from professional traders Albert Perrie and John Grace (38 years of trading experience between them), has was released. This has a claimed accuracy rate of 95.82% using proprietary RCTPA AI technology.

Forex MegaDroid is pre-programmed to make trades based on its prediction of price movement and direction during the next 2 - 4 hours, unlike other robots which are based on historical patterns and cycles. Available from March 31.

These robots promise or guarantee automated, profitable forex trading for all – even new traders or novices. Believable or not? Maybe. See some of our own trading results.

Fully automated forex trading programs usually offer a choice of currency pairs and time frames, and after a simple set up procedure will make and monitor multiple trades, unattended, providing the software platform maintains an online connection to the brokerage. Features include:

  • Automatic Trade Entries

  • Automatic Targets

  • Automatic Stop Losses

  • Automatic Profit Taking Level

  • Automatic Trade Exits

  • Automatic Money Risk Management

  • Automatic Lot Sizing

  • Automatic Order Execution.

Most systems have default settings which may need little or no modification. However, others will allow for different parameter adjustments for the more experienced trader to modify settings, whether the approach is conservative and patient (less risky), or aggressive (some would say greedy). Some cater for scalping as well as longer term strategy. The choice of broker is quite important for their tolerance of certain types of trading and spreads.


"Forex on Autopilot" is the dream of more and more forex traders, old and new.

While there have been quite a few of these trading robots available for some time, most if not all running as Expert Advisors (EA) on the free, widely-used MetaTrader 4 platform, accepted by many brokerage firms. However, most of them eventually fall by the wayside as the publishers do not support them properly or upgrade them from time to time to reflect significant changes in market trends.

FAP Turbo Version 37 released March 2009

Making quite a few waves since the end of November '08 is FAP Turbo. This started life as simply FAP Forex Auto Pilot published by Marcus Leary. The latest offering is a collaboration with another team of developers with a better product. While there have been complaints in forums about lack of support and response to emails, this seems to be because FAP Turbo quickly became a victim of its own success, mainly due to the number of people buying it. One reason was probably the low launch price of just $97, and with a no-quibble refund guarantee, there was little risk in grabbing a copy. When the price went up to $149, as 'threatened' by the publishers, it wasn't much of a deterrent as hundreds more (maybe thousands) have since bought it, including this reviewer!

There have already been three updates (current v.37), indicating that the publishers are intent on keeping FAPT current and performing well in today's changing market conditions, proof of which shows in the first results of trading with Version 37 of FAP Turbo.

The download and installation instructions are simple enough, aided by step-by-step videos. The previous activation issues due to the somewhat complicated licensing procedure have been simplified. Only one live trading account is allowed per copy, but as many demo accounts as needed. However, if it works well, traders shouldn't complain too much about purchasing a second copy or more, as they should quickly recoup their investment. And by most accounts (accounts being the operative word!) it does make money, in spite of a limited choice of currency pairs and time frames. However, these may increase with future (free) upgrades.

 

Visit the FAP Turbo site and check out some real results from FAP Turbo, Forex Boomerang and GOmega Trader FX and others.

Compare a dozen current forex robots, some good
and some not, at:
http://www.Forex-On-Auto.com


MORE TRADING PRODUCTS & REVIEWS

GOmega Trader FX Fully Automated (Quantum)
No longer available (Dec 2008)

FOREX MEGADROID released March 31 2009

Forex Profit Accelerator (Bill Poulos)
Released March 24, 2009

Forex Income Engine (Bill Poulos)
First released December 2008
All new Version 2.0 now available

ETF Profit Driver (Bill Poulos)
Released 2008, current product

 

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