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What exactly is a Forex Robot and more importantly, does it really work?

forex robot
Mark K asked:


I know a little bit about Forex but I am skeptical: shall I try a Forex robot or is it b.s.? How does it work? DOES IT WORK? Honest answers only please!
Wow, lots of answer. Thank you all. Some of you guys recommended forexapt.com so I had to check it …I have just signed up! Very intriguing. If others have advice on how to use it, that’d be great. Anyway, I will work on it before I go live. I am excited!

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This entry was posted on Thursday, October 29th, 2009 at 12:06 am and is filed under Forex Robot. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

7 Responses to “What exactly is a Forex Robot and more importantly, does it really work?”

  1. OldYoungGEnius Says:
    November 1st, 2009 at 4:00 am

    There is a bunch of “what is forex” articles and reviews at like 4 or 5 basic tutorials and stuff. Helped me. I am also wanting but scared to buy a forex robot. Still asking.

  2. Lucas Says:
    November 1st, 2009 at 5:50 pm

    Hello Mark,

    First, you should know that Forex is not that easy. Do not believe those who may say it is!
    There are some good robots that MAY help you. Some are scam. Others are for real.

    Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

    Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

    A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

    For this automatic approach, this website has worked wonders for me: – forex auto pilot turbo. It offers, among other features, high spread protection system and automated risk scaling. They say “95% winner”. Well, only the bottom line counts. In this regard, it has really delivered for me.

    I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

    All the best!

  3. STEVEN F Says:
    November 3rd, 2009 at 8:14 am

    NO ‘automated’ investment/money making plan works. If they did, whoever developed them would USE them to make money instead of SELLING them to make money.

  4. Kristian Says:
    November 3rd, 2009 at 11:36 am

    yes! they works! but you should look for some good reviews to understand – which robot is best for you!

  5. Christian Says:
    November 5th, 2009 at 9:10 pm

    Personally, I use forex auto pilot turbo (http://www.forexapt.com) and it works! I can scan my statement to show for it!
    So my answer to your question is: yes, it really works!

  6. topexpertadvisor Says:
    November 7th, 2009 at 2:02 pm

    Hi Mark

    If you are looking for a safe forex robot, then you should check out 10PipsPro forex robot at

    10PipsPro is an excellent and simple forex robot. If you want to learn further, just go to their official site.

  7. platinumgold Says:
    November 9th, 2009 at 1:40 pm

    I will greatly advice you to go for Fapturbo. This is because my mentor trades manually live as well as employing fapturbo when he is at work. It has performed wonderfully for one year now making a consistent profit of 30% to 100%. But then you need an experienced trader that makes consistent profit to guide in setting the instructions and once in a while to advise you about necessary adjustments. As to how it works normally it is hosted on a virtual server so that it will trade continuously without your intervention.Regarding whether it works , I tell you honestly that it works.
    Yes it generates profit monthly.