The Forex Wonder Review – Unbiased Independent Forex Robot Reviews

by

Are you looking for unbiased independent Forex robot reviews? Many currency trading software are apparently able to make high returns automatically, yet many do not live up to their claims. Every Forex software owner claims that they have the best tool for making money, but can you really trust them? I decided to test out this new Forex trading tool by Johan Ledger to find out what The Forex Wonder is all about and whether it really works.

1. What Exactly Is The Forex Wonder and How Does It Work to Make Money?

Historically, this robot program’s internal trading algorithm has managed to achieve a winning trade percentage of around 94%. This is slightly higher than the returns that most software are able to achieve. This software has the ability to adapt and adjust its trading strategies according to the characteristics of the currency pairs it trades in. For example, some pairs may be more volatile and thus take profit and stop loss goals need to be set further from the entry price.

2. Who Developed The Forex Wonder and Can You Really Trust This Software?

The owner of this software is Johan Ledger and he has lots of experience in the foreign exchange banking industry. In fact, he was an ex-banker in Chase Manhattan and has worked there for over 20 years. Today, he has managed to program all his trading strategies into this program called The Forex Wonder that makes trades on the currencies through the free MetaTrader 4 platform for him automatically.

3. The Forex Wonder’s Self Adapting Technologies

When you use this robot, you will find that it trades differently in different currency markets. It is programmed with mathematical formulas that calculate the maximum potential profits and losses on different currency pairs. From there, it adjusts its strategy accordingly to limit losses and maximize profitability.

About the Author:

Is The Forex Wonder a scam? Visit http://theforexwonderscam.wetpaint.com to read a FREE report about this new Self Adapting Forex Trading Robot by Johan Ledger to find out the truth and find out about a FREE Forex Products Package Download!

Independent Testing of Forex Robot Reviews

Do you want to know how to conduct independent testing of Forex robots to find out which are the most profitable currency trading software on the Internet today? There are now thousands of websites promoting the use of automated Forex robots as the popularity of currency trading increases every day. Also, these websites are using very strong sales tactics to pressure visitors to buy, making you wonder if they really work.

1. How Do You Know How an Automated Forex Robot Performs in Live Trading?

The best method to know if a Forex software really works is to see its live trading results, otherwise known as forwarded testing. This type of testing takes into account all factors like fluctuating broker spreads that affect a real live trade. This also means that a single Forex robot can produce slightly different results with different brokers due to these factors. One of the most popular methods to conduct forward testing is to run the robot on a demo account with real live trading data.

2. What are Some Factors That Need to Be Taken Into Consideration When You Are Testing Forex Robots?

The most important factor has been highlighted above, which is live trading results. All robots that you use with real money needs to have proven profitable performance in a live trading environment. On top of that, even if the robot can perform well in forward testing, you also need to ensure that it has been profitable in its back tests.

The next things you want to look out for are customer testimonials and endorsements. Try to find more sources of reliable of information before concluding that the robot really works.

Finally, there is one often overlooked factor that is the drawdown. Drawdown is a percentage figure that tells you the largest percentage of the bank that the software has ever lost on an account. For example if drawdown is 50%, it means that it had taken an account to half its value before. Everyone has different risk tolerance levels, so look for a robot that has drawdown safe enough for your risk tolerance.

Are you looking for Independent Testing of Forex Robot Reviews? Read the author’s review of the Top 5 Forex Trading Systems on the web at http://www.review-best.com/forex-trading-robots.htm first!

The author has found a 100% automated Forex Trading Robot that is making him over 40% returns on his capital every month. Check out the website above to find out more!

Filed Under: Forex Trading Articles Tagged With: ,

Review Of Forex Autopilot Robot Trading Systems – How To Spot A Forex Software Scam

by

Forex autopilot trading software offers robot-driven automatic trading of the forex market. Creators of these automated forex trading systems claim you can make easy profits with very little time invested, and without having to understand complex algorithms. In this review, I will show you how to determine if forex autopilot or robot trading systems are legitimate or scams.

First of all, any forex trading system software that guaranteeing easy, consistent profits is an outright scam. The forex market, like the stock market, consists of too many random factors. Anyone promising to be able to read the future like a fortune teller is a liar. Forex trading is similar to gambling. But what successful forex robot systems can do, is boost the odds slightly in your favor. Then, there will be a slight probability that you will make money over the long run.

However, past success is NOT an indicator of future success for a forex autopilot trading system. Scientifically speaking, this is because the forex market has “no memory”, that is, the future and past are unrelated. Just because an advertisement shows you an incredible “historical track record” does not guarantee future success. This is why legitimate forex robot trading systems will have a disclaimer that there is NO guarantee of profits and that the product is for educational purposes only.

This leads to a problem, though. When you purchase a forex autopilot trading system, by agreeing to their terms of service, you have given up all rights or guarantees for a useful product. They can now sell you COMPLETE junk, and since you agreed to take the risk, there is nothing you can do. Make sure that you can at least get a refund if you are not satisfied. Furthermore, try to search for reviews of specific forex software online before you make a purchase.

In summary, just because a forex robot trading system made profits in the past does not mean it will make profits for you in the future. You should be very wary of forex software promising profits, as the random forex market is impossible to predict. Make sure you read reviews of forex autopilot trading systems before you make a purchase, or at least make sure you can get a refund if you are not happy.

Instead of hoping someone will give you a hands-free, mind-free way of making money in the forex market, the best investment is learning yourself how the forex market works. You will not be scammed if you understand and test the forex market yourself.

Visit [http://www.squidoo.com/forexpowerstrategyreview] to find out about forex lessons online. Also try [http://www.thewebfind.com/forexpowerstrategy.html] for further information.
Filed Under: Forex Trading Articles Tagged With: , ,

New Forex Website Debuts – NewForexProducts.com

by

NewForexProducts.com is a new Forex website featuring the latest and most popular Forex products.

Of all the sites featuring Forex robot reviews this is the first site we have ever decided to feature. Although the site is very new it is off to a very good start. Rather than feature the typical biased Forex robot reivew, NewForexProducts.com present the reader with straighforward profiles of each product.

Visit http://www.newforexproducts.com for more info.

 

Filed Under: Forex Trading Articles Tagged With: , ,

Forex Robot Reviews

by

If you’ve been interested in trading Forex for any length of time at all there is no doubt that you have run across one of the ever-increasing number of Forex robot reviews.

Looking for third-party opinions and reviews is always a good idea before making a purchase of any product. Unfortunately it is difficult to find completely objective Forex robot reviews.

Surfing the Web searching for credible Forex robot reviews you’ll find that the vast majority of them have nothing but great things to say about every single Forex robot being reviewed.  Some of them will have systems where the number of stars indicate the level of quality of the robot in question.  The stars can range from 0 to 10 stars…. and number rating systems can range from 0 to 10 as well.  You’ll be hard-pressed to find a rating less than a seven or eight which would make you think that you’ve really hit pay dirt with the group of Forex trading robots that you’ve found.

The unfortunate truth is that the Forex robot reviews are written by people who essentially work for the Forex robot vendor.  These people are called "affiliates" and they earn a commission each time someone clicks on a link on their website that goes to the Forex vendors website and makes a purchase.

There is theoretically nothing wrong with writing an exciting and positive review of a product that you have used and found to be of great benefit. I would doubt whether the vast majority of those writing Forex robot reviews have even tested the robot or for that matter even trade Forex. What makes matters even worse is that many of these Forex robots are ill-conceived and poorly constructed by people who don’t have the necessary level of skill to create a Forex trading system that can profit in real time.

So make certain to exercise caution when you are searching through Forex robot reviews and don’t be easily fooled by those that have the word "scam" or "ripoff" and the title as those words are simply put their to lure you to the review.

Filed Under: Forex Trading Articles Tagged With: , ,

Forex Signals Testimonials

by

If you are looking for Forex signals testimonials to help you in your buying decision please exercise caution.  I say this simply because there are certain Forex vendors who may use extremely biased testimonials in order to get you to buy. This makes finding reliable Forex information more difficult than it should be.

The truth of the matter is that the testimonial itself is biased and that they will not help you  to gain an objective view regarding Forex signals. Biased information runs rampant in the Forex industry as you will find it difficult to find objective Forex robot reviews and general Forex software reviews as well.

The objective of Forex signals testimonials is to make Forex product look great and get you to make a purchase.  I’m relatively certain that you will never see a testimonial which mentions anything even resembling a bad experience.  Also keep in mind that out of all the testimonials received the Forex product vendor is of course going to choose the absolute best ones.  The danger here is that the vendor may be displaying nothing more than a set of atypical results which you and I may or may not obtain using their product.

Even if we put all of the above information aside Forex signals testimonials are usually given by people who have little or no experience in Forex trading.  These are typically individuals who have had a small amount of short-term success using a particular product.  Seeing good results of a few trades here and there simply is not enough to evaluate whether or not a Forex signal has merit.

My suggestion to you is that you just completely ignore any Forex signals testimonials you may find.  Base your evaluation of the product upon something more tangible such as a long time track record of some type.  By long time I mean a lot more than just a few months that are typically shown by Forex products vendors.

Filed Under: Forex Trading Articles Tagged With: , ,