Wednesday, January 29, 2020

Forex Trading Robot Craze

February 8, 2010 by · Leave a Comment 

Forex trading is gaining more and more popularity among investors. This is not a surprise considering the fact that forex market is the largest financial market on the planet today. It is expected that by the year 2010 the daily turn over in currency trading market will be as high as 4 trillion US dollars! The clever investors can see the huge money making potential of forex market and as a result more and more people are getting involved in forex trading. However this is not the issue we are talking about. There is something called forex robot craze hit in the market lately.

Forex Trading Robots:

Forex trading robots are nothing but software applications designed to run on a computer and perform the trades automatically according to the settings provided. The idea of automated forex trading sounds very appealing. This concept got really popular when a moderately successful program called FAP Turbo hit the market in the year 2008. During 2008 and 2009 we have witnessed a number of forex trading robots entering in the market although most of them failed miserably.
By the end of 2009 more and more internet marketers realized that creating auto trading software programs and selling it to novice traders is an easy way to make money. As result during the last few months there is at least one new currency trading robot getting released into the market. Below is a list of forex trading robots that recently hit on the market.

  1. FAP Turbo : Probably the most popular commercial forex trading robot. (See FAP Turbo review)
  2. Forex Autopilot: The original automated forex robot. Later the FAP turbo was released. (checkout Forex Autopilot review)
  3. Forex Megadroid: Another popular one. According to the creator of FAP Turbo this is the only other forex trading robot which consistently performed well. (Read Forex Megadroid review)
  4. Ivybot: The forex robot that released during late 2009 which is capable of trading in four different currency pairs. However this forex software did not live up to the expectations. (See Ivybot Review)
  5. USDBot: The latest and the first forex trading robot released in the market during 2010. (See USDBot Review Video)
  6. ForexCash Evolution: This currency trading robot is set to be released in the market on February 9th, 2010. (Here is an initial review of Forex Cash Evolution)

The above is small list of forex trading robots. There are numerous other currency trading robots which did not make any impact in the financial market.

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