forex

Is the Forex MegaDroid Robot a serious option for successful forex trading?

When I first got interested in the idea of automated trading after not being able to make a success of trading manually, it was a question that I found myself aksing.

I had been struggling to make any serious money trading forex since I took it up some 12 months or so prior, not least because I had a demanding full time job that took up most of my time.

The Forex MegaDroid Robot, although it wasn‘t the only Forex robot on the market, looked like the answer to my prayers. The problem was a part of me knew how dangerous a gamble it could be, and every time I considered giving it a go I found this part of me screaming its protest:

You can t trust a robot to gamble with your money!

It is only human behaviour to have these worries, and it was only when something on the Forex MegaDroid Robot website that caught my eye and made me think again. Something that meant I could try the robot out risk free.

My main fear was that I would set this robot up on my trading account, come back the next day and find it had gambled away my entire trading balance on losing trades, and my dreams of finding success in forex trading would be shot to pieces.


What changed my mind was that not only does the Forex MegaDroid Robot come with several risk settings, meaning you could set it to the low risk setting to test it out, but you can actually test it out without risking a single bean. How?

You can even try it out on a demo account!

You can do this for as long as you need to be convinced the robot does actually take up winning positions, and only when you are ready do you need to actually let it trade on your live real money account.

I myself have now been using it on a live account for a several months now, and I have to say that it has consistently made winning trades on the lower risk setting.

While the MegaDroid website does make some big claims about earnings that I have yet to experience, this is probably because I am still using the low risk setting. My next step is to slowly try out the more aggressive higher settings, and who knows how much it will make then!

Aren’t other trading robots just as good as MegaDroid?

There are many trading robots being released onto the market all the time, and the problem with many of them is that have not been around long enough to prove themselves capable of making a consistent profit.

This is why I personally believe the best choice to be the Forex MegaDroid Robot. The new technology incorporated into the MegaDroid robot means it is able to be a profitable trading tool for the long term, which it has consistently proven ever since its release.

The global Forex exchange market is the place where currencies of different countries are traded 24 hours a day. To make money online, the currencies are bought and sold at higher rates; difference between buying and selling prices amounts profit for the investors or participants. To get started, you need to setup an account with the forex broker to be able to trade different currencies over the internet to earn profits. After setting up the forex trading account, you get the username and password, transfer the funds into the account and start trading. For the benefit of those are looking invest in forex market to make money online, this articles explains ECN forex system and ECN trading.

What is ECN?

ECN stands for electronic communications network, automatically integrated software, which works as a network system where Forex brokers and Forex traders do currency trading. The advent of home computers and the worldwide spread of internet access are the two key elements that have made ECN possible. Without these two key elements, there would not be any such thing like Forex ECN. The system of ECN has been specifically designed to online stream the market activity and Forex trade results. It connects forex brokers with forex traders from different venues. With the help of this system, forex traders can do forex transaction from home or anywhere without going to the offices of their brokers. The clients of the forex brokers those who trade currencies by registering with them, such as individual investors, banks, insurance companies, large corporations and other large financial institutions.


ECN forex brokers play vital role

After you have setup account with forex broker, you do not necessarily need to go to their office as you can buy and sell currencies from anywhere if you have the computer and internet access. The ECN brokers play a highly significant role in helping investors make money online through forex trading. They provide their account holders or clients with the necessary guidance to analyze the forex market like professionals. They also act, on behalf of their clients, as managers to manage the accounts if the clients are too busy to indulge themselves into trading activities. Acting on behalf of the clients, they conduct trading with the permission of their clients. The trading rooms of the forex brokerage houses are very helpful for investors to be educated on tricks and tips on forex trading. In short, ECN brokers offers a variety of other major advantages such as narrow spreads and deep liquidity.

Many traders think they will learn to trade Forex successfully own their own and without the help of a successful trading mentor. Whilst this is not impossible it stacks the odds against the trader trying to start out in the world of Forex.

Learning through a successful trading mentor can set the trader up for a long and successful trading career. Not only will learning through a successful trading mentor save the trader a load of time trying to go through most of the rubbish and myths that abound in the Forex web sites, it will help the trader get into the correct habits and trading processes.

Picking a trading mentor can be a tough especially when there are so many people out there trying scam traders with their black box systems and magic indicators. One successful and experienced trader who has turned he’s hand to helping traders achieve their dreams is Johnathon Fox.

Johnathon doesn't sell black box systems or fancy indicators that stop working when the market changes. Johnathon teaches he’s students from all over the world a method that is called Price Action trading. Price Action trading has been around for a long time. It does not stop working when the markets change and can also be traded in all market conditions and time frames.



Price Action trading is the art of being able to read a raw price chart and ascertain what the market is doing and where it is likely to go. Traders can take advantage of this knowledge by placing trades to be on the right side of the market.

Johnathon really sets himself apart from all the other trading educators in that he actually trades what he preaches to he's students. Johnathon’s students get a first hand view of exactly what Johnathon is trading, why and also how he manages it from the Price Action setups forum Johnathon uses to communicate to he's students.

Johnathon is a firm believer that the money is made when exiting a trade. Many other trading educators will concentrate solely on entering a position. They do this because they know this is the easy part! Learning to manage a trade successfully and repeatedly is where the real trading skill is. Johnathon gives he's students an exact method to how they should manage their trades by taking profit and protecting capital at strategically areas in the market.

Johnathon's teaches he's students the number one rule of 'capital preservation'. Without capital a trader is out of the market, and without capital a trader has no chance of making money!

Johnathon gives away tons of free information on he's website where anyone with an interest of learning Price Action can go and learn directly from one of the foremost trading educators in the Forex business.

Arising by using a advertising and marketing strategy for the forex affiliate program assists make your venture run easily. You can avoid high priced problems once you contemplate a few important things to consider really effectively. Bear in mind which it's a kind of company venture, along with just like most companies, you require the right equipment to make certain the good results.

Here are a few things you should think about when creating your internet site for your first time. Don't forget that will forex trading online plans select sites along with substantial site visitors. You'll need to do this stuff to improve which site visitors as well as get more prospective traders.

Detect and also get familiar by yourself with the targeted marketplace. You have to have a look at your current prospective customers after choosing turning out to be a new forex affiliate marketer. Your forex trading market is really a broad classification, and choosing it as being your own matter might be dangerous. Forex merchants wish to observe far more specific tips and also methods in the industry, not just a reiteration involving forex trading basic principles.

Remember, you need to turn out to be a reputable source of data when producing advertising content material. Decide on a certain subcategory or perhaps specialized niche as the subject to hook the actual fascination regarding far more merchants.

Decide the actual website format you need to make use of. After you have recognized the area of interest, organize your website appropriately. Break down your current subcategory additional directly into matter groupings. This way, your audience will not have problems obtaining data. This will additionally help search engines to easily index as well as rank your site. Ensure you content label every single web page properly making use of high-performing keywords and phrases.


Performing and also this permits you to strategically spot the adverts. It is possible to team distinct subtopics underneath distinct tab and place associated adverts on every single webpage. Similarly, you are able to develop mini-sites. This specific choice supplies more adaptable alternatives. You can adjust your current layout, add as well as take away factors as well as plan along with period your own ads without having creating significant adjustments to the complete internet site.

Use the different tools your forex trading affiliate system provides. Most online marketers possess minimal knowledge inside world wide web advertising and marketing methods whenever they be a part of affiliate plans. This is actually the explanation your companion broker agent materials various equipment. Maximize your opportunity through employing these kind of equipment. It is possible to create hysterical advertisements, create wording ads, and also use pay-per-click marketing in order to produce cash flow apart out of your word of mouth reward.

Use different research engine seo strategies as well. Don't just restrict by yourself in your web site. Utilize different search engines such while social media sites to be able to improve the online presence. You will be able to reach the broader market along with focus on investors using distinct interests.

Choosing a specific area of interest along with busting it down into subtopics additionally makes it easier so that you can position pertaining to certain key phrases. Enhance this specific by backlinking your website to be able to material in write-up submission internet sites. Generate listing submission moves and Google Areas entries also. You can check how you're progressing, modifying your own subject material as well as marketing and advertising tactics determined by visitors tendencies as well as alteration stats.

You do not must be the leading forex dealer to be a prosperous fx online. That which you require will be to end up being online advertising and marketing informed plus a small persistence. Begin powerful as well as create about that foundation little by little. It is a difficult job, however you will dsicover an increase inside earnings in due occasion.

When an individual starts trading Forex you can find an overwhelming excitement, confusion plus a natural ought to experiment. Expectations of massive gains run very high plus the trader believes that if he or she only had the golden strategy than he can be an exceptional Forex trader.

As we fail to reach people glittering consequence by the end in the first of all week, we figure that our trading system have to be somewhat incomplete so we create some indicators to it believing that issues will turn out differently. If however we don't get what we desire we simply change our trading system and get a new and 'better' one particular. We incorrectly assume that it's the systems fault. Nearly every time that we listen to of the new great system that makes millions we try it for ourselves and we repeat this cycle over and more than...

There are a lot of problems using this type of behavior but just about the most serious a person is usually that traders fail to meticulously study any from the trading systems they so quickly reject. Maybe, if they had chosen just a single Forex trading system, meticulously studied each aspect of it and back-tested it about time, they could are already reaping excellent rewards.

Due to our zeal and impatience to succeed we sometimes fail to internalize and fully understand what we have been completely studying. If you want to surpass and get to greatness as Forex traders we needs to permit time and repetition to just take its proper place. If we do not than we have no one but ourselves to blame for our failures.


Another trouble that I see is when individuals experience undesired results as Forex traders it's usually since they really don't take the time to establish clear and realistic trading goals and targets. Lacking clear, definable and realistic goals makes it a good deal better for greed and uncertainty to creep up on traders and cause them to act irrationally; specifically to chase and trade Forex trading methods.

Never forget that each and every Forex trader is unique and therefore not all trading systems job for all traders in the same way.

The bottom line is the fact that as soon as you bounce from 1 Forex trading method to another you end up wasting valuable time. Instead of half grasping many systems to no avail, you could wholly study one system, fully internalize it, back-test it, demo trade it and be very well on your own option to a successful currency trading job.

However; I think that it would be appropriate to mention that just developing a trading system is probably not enough. Trading Forex effectively has a great deal to perform with mental and emotional discipline as perfectly, some say that a trading method counts for only 10% of the Forex trader's achievement...

New in the Forex market? This market may sound really complicated and scary to tackle but it's not. Just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex is the largest financial market in the world. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi- national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn't want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.


This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you'll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.

The move, according to a letter posted on the apex bank's website on Friday, sought to limit the amount of the greenback available to dealers and Bureau De Change (BDC) Operators.

Specifically, the letter said authorised dealers were only allowed a maximum of $250,000 to BDCs per week, adding that a BDC is allowed to purchase only from one authorised dealer per week. It however, warned that any dealer that contravenes the policy will be duly sanctioned.

The letter titled: “Re: Foreign Exchange Cash Sales to Bureaux De Change (BDCs) by Banks to all Dealers and BDC operators,” signed by CBN Director, Trade and Exchange Department, Mr. Batari Musa, also said that the move also to ensure compliance with the Anti-money Laundering Act.


It read: “Further to the operations of Sections 4.1.1 (iii) of the Monetary, Credit, Foreign Trade and Exchange Policy Guidelines for Fiscal year 2010,2011, which allow authorised dealers to sell autonomous funds to BDCs subject to compliance with the Anti-Money Laundering Act 2004, all authorised dealers and BDC Operators are to note the following amendment for compliance: “Authorised Dealers are only allowed a maximum of $250,000 (Two hundred and fifty thousand US dollars) to BDCs per week and a BDC is allowed to purchase only from one Authorised Dealer per week. This amendment takes effect from the date of this circular. Authorised dealers and BDC operators are thereby enjoined to ensure compliance as any contravention shall be sanctioned appropriately” The CBN-regulated Wholesale Dutch Auction System (WDAS) has witnessed a persistent high demand for the greenback , which has always depressed the value of the local currency.

Earlier, the banking sector regulator had released the guidelines for trading on foreign exchange forwards auctions and foreign exchange derivatives that stipulates that authorised dealers must confirm the existence of trade transactions before bidding for forwards and derivatives as part of efforts to address speculative trading at the forex market.

The CBN had said the introduction of forwards and derivatives were in line with its objectives of enhancing efficiency in the foreign exchange market and deepening trading liquidity and risk management in the Nigerian foreign exchange market.