Does Anyone Know Of A Good Forex Simulator, One That Will Speed Up The Learning Process?
Sunday, February 28th, 2010Tired of the tedium of forex demo accounts. Need quicker way to reinforce pattern recogniztion skills.
Tired of the tedium of forex demo accounts. Need quicker way to reinforce pattern recogniztion skills.
I have seen forex sites that show live updates on forex accounts, can anyone tell me how or direct me to a site that explains how to do this?
I saw a few in a google search talked about 20% returns and stuff but they were not in the US. I don’t want to risk anything outside the USA. Please only reply if you have done it or are currently doing it. Please post links of anyone you recommend. thanks
I really need an explanation about forex because this topic seriously turn me on but I don’t know where to start. So, please help me. Thank you.
In your own words too… I am kinda dense right now…. lol
Are the risk and strategies different? Can forex be more profitable?
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called “Zboy227″ who says “I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227.” The “/Zboy227″ tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words “forex robot” and “scam” you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
I’m quite interested in this but something just doesn’t seem right.. Do I have as much of a chance getting into trading stocks? Explain!
Has anyone had experience using the Forex robots that are available and are there any you would recommend? How successful have they been from a return standpoint?
I know there is somewhere, I’m looking for a successful mentor also.