Forex Trading is becoming as popular as stocks and share trading amongst the general public. Once the preserve of large banking institutions and financial organisations, this fast growing sector of personal finance investing is taking the World by storm.

To assist with trading in this sometimes confusing and tricky market several genuine “Forex Robots” or automated trading systems have been developed. These robots, whilst not able to guarantee financial success, will greatly improve the chances of making Forex Profits for both beginners and seasoned traders alike.

We realise through our own research into these Forex Robot Trading Systems that there are many to choose from, some making incredible claims that they will make you overnight profits and some more realistically suggesting with their help that you can make a significant extra income through Forex Trading.

We created this review site to help you choose which Forex Robot is most likely to work for you and assist in making profit. The reviews consist of genuine product reviews gathered from across the internet and most significantly from people just like you who have purchased and used the robots. In fact, once you have purchased and used your chosen Forex Robot System we ask that you come back and submit a genuine and honest review to help others make the right choice.

Forex Scalping is a very popular method of forex trading which involves the quick opening and closing of positions. When we say “quick”, that can mean a position is held for max 3-5 minutes, but many forex scalpers will only hold each one for a minute.

Many consider Forex Scalping to be a safer way of trading and it has become very popular with part time, home based traders as well as full time professionals. Due to the short time that position is held it is perceived that the exposure to market conditions lower compared to other trading strategies such as day trading or trend following. The risk of huge losses due to strong market swings is smaller.

Most Forex Scalping traders are concerned primarily with short periods of volatility created by trends or market events rather than the “big picture” trends of a particular pair of currencies. The main concern of most traders implementing forex scalping strategies is the bid-ask spread and how to take advantage of this to make quick and small profits over and over again.

Automated or automatic forex can be defined as the ability to trade forex with the use of a trading program or forex trading robot , without needing a human to physically trade a forex system. With forex, automated trading is an emerging field that began not that long ago.

There are 2 general categories of automated trading:

1. Automated trading through managed forex . Some, though not all, forex managed accounts are traded via automated forex. In either case, the trading is passive in that you don’t have to do it. But in the case of automated forex, the trading program or robot executes the trades of their trading system, rather than a human team.

2. When you program your own or someone else’s forex system into a program with programming and automatic trading abilities such as WealthLab , or other trading program. Wealth Lab required programming skills (the programming language used is similar to Pascal), while other programs just emerging that will allow you to select parameters and test your system performance.

FAP Turbo just gets better and better, over 55,000 satisfied customers and counting! The main reason for this customer satisfaction is the regular FREE updates, now on Version 52 which includes yet another Forex Pair. This time the old favourite USD/EUR is showing incredible results on live accounts.

That brings the FAP Turbo to a total of 6 Forex Pairs, more than any other Forex Robot on the market. And the best bit is, they all perform. The FAP Turbo developers also help at each new release with improved settings so that you can create the same fantastic results…..[cont]

Created by the Forex EA Gods responsible for ForexAutoPilot and FAP Turbo, Forex Bulletproof is different from any other Forex Robot.

* Forex BulletProof has averaged a 5% monthly gain for the last 6 (yes, SIX) years!

* Over 4000 lines of code make up this robot, while the average EA has just 409 lines!

* BulletProof is the FIRST commercially available FX robot to be coded for Strategy Trader, the latest trading platform from FXCM!……..[cont]

1. You do not have to physically trade the system.

2. Automated trading can take trades at anytime of the day or night. This is particularly important for systems where the performance is increased when taking a majority of trades in the system, which occurs in systems where trading opportunities occur at times when the person may be sleeping or otherwise cannot get to the computer. So being available for trading 24 hours a day, unlike a trader can, will the profitablility of these systems.

3. You can trade multiple systems , such as systems that rely on different types of indicators, or which trade shorter or longer time frames, in order to diversify risk, as well as to smoothen out your equity curve and reduce drawdown.

4. An automated system is unaffected by a trader’s psychology , which can sometime cause a system to be not traded properly. If your trader discretion causes you to improve performance, then that is fine, but if it causes a worse performance than if you traded the system mechanically, then this is an issue that is overcome by automated forex.

5. Enables the development of new systems that may be difficult for a human to trade, such as systems with a high frequency of trades using tick data. Designing a system is no longer be limited by how practical or easy it is for a person to trade it.