The Forex Bot Buyers Guide
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Forex is like any other investment; if you can’t afford to lose it then you shouldn’t be speculating.
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4 Surefire ways to Select a Winning Forex Robot
Are you in the market for a Forex Trading Robot and unsure
which bot to purchase? Take a few minutes to read through this
brief report. Your Forex future will thank you for it.
In this report we are going to look at four quick and easy
steps that will make your Forex Robot purchase a breeze.
First, I’ll show you how to spot vendors that back their
trading robots with live trading accounts and we’ll create a list.
Next, we’ll take that list and remove any bot that hasn’t
been thoroughly back tested. We’ll also insure their performance
to risk ratio’s are on par with trader expectations.
Then, I’m going to teach you a couple of methods that will
help you snoop out frauds who are only interested in your money,
so we can stay clear away from those guys!
Finally, and perhaps the most important, we are going to
identify the safest place to purchase a Forex Trading Robot and
discover how to get real reviews of a particular bot and not some
affiliate marketers bogus hype.
After reading the report you will be able to create a list of
legitimate back tested Forex Trading Robots that all operate on a
live trading account, have low performance to risk ratios, are not
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byproducts of hype, have a good reputation by real people and
can be purchased with a money back guarantee.
SHOW ME LIVE TRADING PROOF!
Let’s talk about live trading proof. A Forex Trading Bot
means nothing if it cannot show a real profit. Amazingly enough,
a large majority of the bots you’ll find on the open market do not
have a live trading account. They offer up back tested results,
which means nothing more than a potential chance to make
Here is an example of one vendor who puts their money
where the mouth is in terms of offering up proof. Visit
http://www.leotradingpro.info and see what they are doing.
If you look closely, you’ll see that this vendor actually gives
you a user name and password to login to their live trading
account so you can see, first hand, the real trades it is making.
Not too shabby huh?
Very few vendors will allow you this kind of access, the
important thing to look for is that they give you some kind of
verifiable proof that their bot is making money.
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How do you know the proof isn’t doctored? In the days of
photoshop, sophisticated programming and inexpensive video
editing, it’s pretty easy to doctor up some live trading results.
How does one identify a phony bot? The answer lies near the end
of this report. Add the bot to your list of potential prospects for
now and move on. We’ll thin the list out later.
BACKTEST RESULTS ARE PARAMOUNT!
Back test statements are a fair indicator of something
called risk/reward ratio. Now back tested results will not
necessarily determine whether a bot will be a successful bot or
not, but it will shed some light on how the engineers tested their
There is a big difference between A. Consistently placing
small trades over a long period of time that make you money and
B. Betting the farm each and every time a trade is place. Some
vendors do this. That is, they bet the farm and hope for the best
so they have something awesome to publish. This kind of trading
is foolish and a red flag that you should keep an eye out for.
Risk/ratio is nothing more than an indicator that tells
whether or not a specific strategy is too risky or not. Most
traders agree that a risk/ration of 1 is sufficient.
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What does this mean, you say? Well, if you had a risk/ratio
greater than 1, it would take more than 1 profitable trade to
cover 1 loss.
The risk to reward ratio is calculated by dividing the
potential profit by the potential risk. As an example, picture a
trade going long on the FTSE 100 at 6000 with a stop at 5950 and
profit target of 6100. This would give a £ value ratio of £100:£50,
which is a risk to reward ratio of 2:1.
Look at a bots back testing results and pay attention to
where they enter a trade and then exit a trade and where they
place their stop loss. These bots are automatic trading robots
and stick to specific rules. Risky bots can cause you to lose your
An additional indicator that can help you identify a
risky/volatile trading robot is to look at its performance curve.
Most of the time you can see this curve in the back tested
results that the vendor offers up on their sales page. Anything
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with a sharp increase or decrease in the chart indicates
volatility. We want a smooth curve. A numerical value of such a
chart is called drawdown. You’ll hear traders talking about
drawdown a lot. Anything under 10% is good.
Snoop Out the Hypesters!
When the Forex Robot exploded onto the scene, it was like
a gold rush during the Wild Wild West. Any programmer with half
brain was out trying to concoct the next big golden goose in form
of a Forex Robot. Well, needless to say, it was their golden goose
that they were trying to develop, not the trading communities.
You still see a lot of unethical business being conducted in Forex
to this very day. It’s important that you identify the phony con
artists and stick to the good bots.
For the most part, all of the successful bots on the market
are there because people know about them and it all comes
down to marketing more than performance. It’s the old cliché,
“They were the biggest and best band no one ever heard of”. You
can have the best trading robot in the world but without a means
of raising public awareness you have no way of really getting the
bot out and into the mainstream. So this is where affiliate
marketers come in to play. This is also a window of opportunity
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for you to see how business is being conducted behind the
The next time you are on a Forex Trading Robot’s website,
look down in the footer for an affiliate page. Visit the page and
see how the vendor is hyping the product.
A lot of times, the vendor will not reveal any details without
requiring some information like name and email address. Feel
free to use a junk email account and make the rest of the
information up. It really is important to take the time and see
what the vendor is doing here.
Look out for vendors who brag about suckering their
customers into big up-sells and long term commitments like
memberships and such. If you don’t mind this kind of thing, that’s
fine, the bot will probably perform as advertised, but it does give
you a sense of what the vendors true motivation is. Just give
yourself a gut check and ask whether or not you would feel
comfortable buying from this vendor.
3 Ways to Pick to the Right Bot
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Congratulations. You made it to the last and most important
section of this report. Now that you have a list of prospective
Forex Trading Robots, you need to know what real people are
saying about them. Here’s what you do:
Take your list, and go to www.google.com and do a search
for “Forex Trading Forum” or “Forex trading Robot” forum. Leave
the search results page open, avoid ALL review websites and
open only the forum sites in their own page or own tab.
Most forums do not require you to sign up if all you want to
do is search and browse. So once you are at a forum, look for a
search bar and type in the name of the trading bot you are
researching. For example, FabTurbo or Fap Turbo.
This is a good way to read reviews and end user
experiences. You’ll find that most, if not all, bots on your list do
not perform as advertised. This is just a reality check and
nothing more. Exclude a bot if you find a high level of negative
comments and refund requests, not because it misses trades
from time to time.
It’s just like the advertised gas mileage in your car, or the
advertised internet speed you are paying for. You’re not going to
get what you are told you are going to get. Also, ignore posts by
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people who are trying to send you to a website. They are nothing
more than affiliates trying to sell you a bot.
The bottom line is this. Despite all the back testing proof
and live trading proof, and whatever mumbo jumbo the vendor
has placed before you to get you to bite, you have a community
of Forex Traders that have already walked the path you are
walking now. If some vendor out there is using Photoshop to
doctor their results, a savvy trader will spot the fraud and you’ll
read about it because you did your due diligence and paid a visit
to the webs top forex forums and did a search on all the bots you
were interested in. GOOD JOB!
Finally, where to buy? Any reputable Forex vendor, that is
willing to put their money where their mouth is will test their
Trading Robot against the rock solid, no questions asked, 60 day
Clickbank Money Back Guarantee.
Clickbank.com is a reputable and secure online retail outlet
that was founded in 1998. It has over 100,000 affiliate marketers
and sells over 46,000 different digital products, including the
heavy hitters of the Forex Trading Robot world.
I would recommend that you only purchase Forex Trading
Robots that use Clickbank to handle the transaction. If you
purchase a trading robot that isn’t working for you, then you have
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recourse and you can get your money back. The Clickbank name
is all over the order form so you shouldn’t be confused when you
As it stands, while I write this, the 5 top selling Forex
Trading Robots on Clickbank are:
1. FAP TURBO PRO - http://www.fapturbotrading.info/
2. FOREX MEGADROID - http://www.forexmegadroidtrading.info/
3. GPS FOREX ROBOT - http://www.gpsforex.info/
4. LEO TRADER PRO - http://www.leotradingpro.info/
5. Forex Signals Machine - http://www.forexsignalsmachine.info
Now you have all the required elements, including a list to
get you started.
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