Thursday, February 5, 2009

Automated Forex Trading Software - Finding The Best One

(My Original Blog Post: -*http://www.wealthyways4you.com/how-to-make-money-online/automated-forex-trading-software-finding-the-best-one)
by Richard Nurden


Everyone knows there is money to be made online, but what they don't necessarily know, is that it can be done automatically, via automated forex trading software.

Just to make things clear, we're talking about the actual trading software (or 'robot', as it's commonly known), not the trading platform on which it operates.

If you are inexperienced at currency trading and you want to find out what is the best automated forex trading software, and want to take advantage of the opportunity that it offers, it is vitally important that you get your hands on the best forex software you can find. Here's why:

* No forex trading experience required in order to make money from trading online.

* Monitoring the market is not necessary, so no need to sit at your desk all day looking for trading opportunities

* Your funds wont be at the mercy of your emotions (probably currency tradings worst enemy!)

* Automated forex trading software does exactly as its name suggests " it trades on autopilot!

* Youll be able to trade 24 hours a day, 5 days a week, without needing to take breaks

These are the key benefits of automatic forex trading software, but what exactly are we looking for when plan to go ahead and invest in it? Here are some suggestions for what we'd like:

1. To pay a reasonable price for the software

2. The program to be straightforward to set up

3. To be confident of decent profits

4. To get a high percentage of successful trades

5. The program to be customisable, for when the user has gained more confidence and experience

6. To get free software updates

7. To be able to buy from a reliable, trusted source

8. A high level of customer service from the software vendor

9. The opportunity to test the trading software for a period on a demo account

10. A no questions asked 100% money back guarantee

Though not exhaustive, this check list will give you a decent idea of how to find the best automated forex trading software for online trading, as not all automated trading systems will have all, or even many, of these essential requirements.

I've actually gone ahead and bought two of the most popular automated forex trading software products on the market and am clear in my own mind as to what is the best automated forex trading software around at the moment. Running them on a live account for some months now, I can tell you the results are quite astonishing!

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