| Automated software programs or Forex robots are | | | | unlike humans are fast and can never miss an |
| the biggest trend in the Foreign Exchange Market. It | | | | opportunity. Since Forex trading analysis involves |
| gave a big opportunity to new and old traders. | | | | complex calculations one reason other traders fail is |
| Whether you are capitalizing on a big investment or | | | | because of a single mistake in their solutions. Since |
| just an individual trader with minimal bill size you can | | | | Forex robots are programmed with specific formulas |
| generate revenue from these robots. Many have | | | | they can never go wrong. |
| emerged in the market some are working but some | | | | One example of a Forex robot is the Forex |
| are just big hypes. The first few of these machines | | | | Megadroid. It was made by Albert Perrie and John |
| may have not performed well but like any other | | | | Grace who have been trading for many years. Their |
| inventions they have evolved into better robots. | | | | trading style is based on their trading strategy called |
| All the Forex robots that you see in the market are | | | | Reverse Correlated Time Price Analysis. This RCTPA |
| very promising and all claim to provide you highly | | | | technology enables the machine to trade in multi |
| accurate analysis. So how do they differ? Forex | | | | market conditions. This software also claims that it |
| robots are made by traders like us. So the difference | | | | can predict the immediate future with an accuracy |
| in these robots lies on who made them. Since Forex | | | | rate of more than 95%. The older versions of these |
| trading is a really exhausting and complex activity, | | | | automated software systems base its analysis on |
| expert traders saw the need to build automated | | | | past trends or data. Most likely what have happened |
| software that will execute their trading style. These | | | | in the past may happen again in the future this is |
| robots will then work for them by monitoring the | | | | how the charting analysis is done. But there is a big |
| market 24/7 in this way they will not miss any | | | | possibility that these trends would change because of |
| information that is vital to their analysis. These robots | | | | the markets volatility. |