How Can One Develop and Sell a FX Robot?

Ask yourself how many times you have seen the ads in the Web offering to Forex traders to visit a website and buy/try or at least read about a new Forex robot. For sure, at least few times everyone has seen such ads but have you ever thought about making money by designing and selling your own Forex robots. If such a great idea visits your mind from time to time then you should definitely read further because we will tell you the secrets of how you can design and sell your own FX robot software.

Do we even have to say why FX robots are so popular nowadays? Because everyone is a bit crazy about those innovative automated and autopilot FX trading programs which are a real bliss especially for those Forex traders who like an idea of a successful trading without having reliable theoretical background and practical skills and relying only on expensive Forex software. We can’t approve such method but still confirm that Forex robots can be very useful especially if your Forex education was quite good from both theoretical and practical points of view.

Add to this fact such functions as constant controlling and managing your trades according to these parameters 24/5 any FX robot can provide and you will get an assistant that can help you without breaks because it doesn’t require sleeping and eating. Relying on a robot you can stick to your habitual schedule even providing a parallel working in the office being distracted from time to time thanks to the integrated tools which can send to a trader alerts about the upcoming changes at the Forex market so a person could respond in a proper way. So, if you are highly interested in making your own Forex robot because you want to earn money by selling its copies to other traders or simply because you want to have Forex robot software tuned up especially for oneself then follow the next advices.

How to design and then sell a FX robot?

Many new Forex robot builders and designers simply don’t know where to start to create really cool and which is more important a well-working program containing all necessary and maybe few additional and unique tools which can help investors, traders and brokers follow and manage their trades by means of your robot. This is not an easy task to do.

For sure, you have to be a programmer, this issue is not even worth of discussion because without certain practical and theoretical knowledge you won’t manage to build and run a robot in a proper way. From this point of view we can only recommend you to program your robot with an opportunity to gain profits which will be equal to a half or a bit less of the stop loss (your robot’s win-lose ratio should be about 66,7 percents).

Instead of the technical side we want to focus on the functions this robot should fulfill – it has to be designed to work fast, reacting quickly to all commands and is to be very customizable when it concerns tracking the latest Forex trends and displaying them as Forex charts. Besides you robot should be designed for mass exploiting which should be taken into account as well. Do not forget to build your own website where you can offer and enumerate all advantages of your robot software for automated trading.

Make sure that you use all means to promote your robot offer a subscription for a constant customers and free trial version in eager to attract more potential customers. Ask for an expert’s advise in order to organize and run your website and ad campaign properly.

The Most Popular Forex Robot Reviews

There exist hundreds of Forex robot reviews in the Web you can find in order to compare the most popular platforms which offer their services as brokerage companies which can propose the newest versions of their own Forex robots or simply who deal with the hugest software developers and brokers. You see, the Forex traders prefer to choose wisely and then select one and the only Forex robot to provide their trades after tuning up one certain program.

Besides most of the contemporary Forex traders use for their trading systems and strategies the basics and principles of the technical analysis and assistance of online Forex brokers and brokerage organizations which logically make them look for reliable Forex robot reviews. Basing their trading strategies upon studying different possible combinations of price actions (mostly via the Forex charts – tabs displaying the price movements up and then down) and taking into account all those numerous technical indicators traders are always in a constant search for the most profitable, advantageous and reliable charting software and Forex robot reviews.

After analysis of certain statistical data, we can name three most popular Forex robots reviews which caused lots of rumors, positive and negative discussions but still stay as the most popular and best-selling ones due to many reasons. If you are a Forex newbie you will definitely find the following Forex robot reviews we offer as very interesting ones.

1) Fap Turbo Robot Platform

Traders love this Forex robot because of wide range of currency pairs it supports which makes it available to follow their short and long-term strategies. Fap Turbo’s Forex robots reviews are just hilarious and are encouraged mostly by the fact of the winning rate which has been up to ninety five percents for years and which is more important thanks to the approved statistical data its drawdown percentage (losing trades to be more precise) which is less than one percent telling us about reliability and perfect design of this Forex robot.

2) Ivy Bot Automated Forex Robot

This software can boast mostly positive Forex robot review as well and its proud 94 percents of the winning trades. Add to this the facts this robot is fully automated one and trades up to four currency pairs at the same time. Most of robots require from you learning how to tweak them (meaning setting them up) and not always newbies can fulfill this task with dignity. That is why Ivy Bot developers decided to do all “dirty job” instead of you and made this robot as tweaked as it is possible providing their clients with weekly updates for better performance. Many trades found this peculiarity of Ivy Bot very cool while the others insist that manual setting up would be better. It is up to you to decide to which group you belong after trying Ivy Bot in action.

3) Forex Megadroid

The peculiarity of this software is not just in good Forex robots review but also in the advantage of taking Forex market conditions into a trading account before actual putting a trade which is the alternative to trading way by means of usage of predetermined set of indicators and their combinations along with entry points. This robot is fully automated as well and has its own 96 percents of the winning trades. The only drawback is that this program allows trading only one pair – the EUR/USD – but certainly in the most efficient way than the other robots performing.

Forex Online Trading Systems: What A Newbie Should Know ?

Since that great times when the Internet became very available for all social layers the Forex exchange market has started to flourish because the constant income of money and new traders who began to try themselves as online FX traders. Since those days and till nowadays Forex online trading systems are in high demand especially the successful ones because if a trader uses one of them he/she can expect to earn money without leaving his/her own home. Such way of earning your money for living seems to be good to be true and that is why many beginners after few failures begin to say that there is no such thing as reliable Forex online trading systems and there are only scammers and predators in the Web who try to worm out your money. Let’s try to figure if this statement is true to life.

No one says that Forex online trading systems are all good and give a 100 percent guarantee that a trader will earn his money at once. You see, the Forex market is very changeable and it is rather risky to trade on it even if you have taken into account all possible factors that can impact on your trades and calculated the best trading strategy. The only advice here is to practice and practice as long as you can afford within the limits of a demo account which can show how tough and unexpected the live Forex trading can be. Having such experience you can start the live trading but only with very small amounts of money to lose.

You as a FX newbie should understand that all Forex online trading systems are based on experience and a proper Forex education. You are to figure out how does the largest financial marketplace work and use this knowledge to derive benefits from your trades more often than losing your money. You are to know how to choose the currency pairs and read the Forex charts in order to decide whether to buy or sell and when you need to open, hold or close your trading positions. Every reliable Forex trading school or a Forex online guideline or a manual which for sure will cost you money can teach how to make a right entry in the Forex exchange market. Never save your means on your Forex education because it will bring you more money in the foresight.

Well, we can tip how you can start. Always begin from setting up a demo trading account which every online brokerage organization can offer. A regulated broker is what you need to look for. It will be great if you manage to find a Forex broker with a reputation and registered in the Commodities Trading Commission. All Forex online trading systems require you using a demo account to understand what trading at the Forex means in general. Practice with fake money before starting to lose your own money (prepare to lose at first because it is very complicated for a newbie to provide any of the most successful Forex online trading systems).

Remember that the Forex market is open 24/5 which means you can literally trade all days and nights long without stops (in theory for sure). Appeal to different online communities and never ignore the recommendations provided by more experienced Forex traders who managed to earn a fortune at the Forex market. Be open and share your own experience as well. 

Margin trading

Financial markets are an economic system where its participants trade in specific goods - financial instruments. The system includes such participants as banks (that can play the role of market-makers), exchanges, broker companies, financial instruments (for example, funds) and individual traders. The goods that are sold by the participants, are called financial instruments or assets. In the most general sense, financial instruments are certain obligations (contracts) that prove facts of mutual demands of two parties. The first party is obligated to supply (immediately or in future, unconditionally or on certain conditions) goods, and the second - to pay (for example, with money or securities).

An important feature of the financial markets is that the money or securities themselves might be regarded as goods. But of course common (usual) goods and raw materials are also sold at the financial markets. On the basis of it the financial markets may be divided into foreign exchange markets, stock markets and raw materials markets.

An important feature of the financial markets is that the money or securities themselves might be regarded as goods. But of course common (usual) goods and raw materials are also sold at the financial markets. On the basis of it the financial markets may be divided into foreign exchange markets, stock markets and raw materials markets.

Picture 1.  Types of financial markets

In our course we will pay general attention to foreign exchange market Forex and its participants, including broker companies and individual traders. Roles and functions of others participants of the financial markets (banks, exchanges, financial institutions) are widely described in other sources (see The List of Recommended Literature) and also in other (special) courses of our company.

The other feature of the financial markets is standardization of volume of transactions (size of contracts) by means of lots. At the Forex exchange market a standard contract (one lot) is equal to 1 000 000 (one million) units of acquired currency. In the reality such volumes are sold very seldom at Forex. More typical situation is when the transaction has a volume of ten (10 000 000 units) or more lots.

Such a volume of deals is not always available for an individual investor. The broker companies that provide their services to Forex (for example, LiteForex), give an opportunity to individual traders to carry out operations at the foreign exchange market Forex providing them with so-called leverage. It goes like this. A trader opens an account in the company (sometimes it is called a secure deposit). This deposit is used as a bail (margin) that provides a guarantee of the client ability to pay to the broker company.

When a transaction is opened, a certain part of means, that becomes a guarantee of the transaction (margin), is frozen on the client’s account. The broker company, from its part, adds means, increasing the sum by 50, 100, 200 or 500 times. Basically, it is a purpose loan provided to the client by the broker company for the full time of life of transaction Some companies provide such a credit at certain interest or charge a certain commission, but LiteForex provides the leverage to its clients for free. The size of the leverage in this case is indicated as 1:50; 1:100; 1:200 or 1:500. Using the leverage, an individual trader may enter Forex having relatively small deposit. Thus if a trader has $10 000, then using the 1:100 leverage, the biggest possible amount of the transaction that is available for him is equal to 1 000 000 (one million dollars).

Picture 2. The work of leverage

Apart from leverage broker companies provide an opportunity to trade using cent accounts and work with fractional lots. In this case a trader gets an opportunity to work with deposits from US$1 (at cent account it is equal to 100 units) that by means of leverage will allow him to open a transaction at volume of 10 000 (0,1 of lot); the transactions at volume of 10 000 or less are called fractional (mini-, micro-) lots. Broker companies cannot lead such micro-transactions at the foreign exchange market separately. Thus in case of work with cent accounts, the consolidated position is led to the market. 

The Significance of the Foreign Exchange Reserves

Even if you are a newbie you have probably heard about the so called Foreign exchange market reserves. We will try to explain in the following article all the significant features of such Forex reserves and their impact on the global Forex trading system in general. So read further in order to find out more about these mysterious Forex reserves.

In fact there is nothing mysterious in the definition or functions of such Foreign exchange market reserves because they simply refer to the various foreign exchange notes and governmental debts which are held by the hugest world’s central bank organizations. Most of the world’s countries have their own Forex exchange market reserves which are used when it is necessary. By means of such reserves a country can impact on the exchange rates and on the import-export economy as well.

Speaking about more precise identification of the Foreign exchange market reserves, we should say the following: government representatives use such reserves in order to provide a proper amount of different international payments. The functions of such payments can be very different but mostly concern procuring of various services and products like raw materials, real estate objects and equipment for military forces. High reserves mean a country is rather powerful from the economical and financial point of view. As you may understand, every nation and government is very motivated to develop a strong and high Forex exchange market reserve. Having such a strong back-up a country can provide negotiations concerning reducing interest rates on a country’s debt and close the contracts with huge international partners on much better terms.

You may ask – what central bank organizations can get from suchForex exchange market reserves? And we answer – the officials get a chance to control exchange rates on their own domestic currency rates using reserves as strong financial back-ups and political tools. In order to make a domestic currency more stable and stronger a nation can spend a Foreign exchange reserve to purchase its own domestic banknotes. For sure, such activity will increase the demand for this currency which will lead to higher valuation rates. Or a country can use such a strong reserve to buy foreign banknotes in order to reduce the value of its domestic currency. Everything depends on the chosen strategy a country follows.

To make it easier for you - those nations which can boast stronger export economies are aimed at reducing the exchange rates making them weaker. In such way exported products become more affordable for foreign customers. Besides, a weak home currency can attract a buying interest for the security investments of a nation which become very cheap for foreign customers as well. So in order to attract more foreign potential customers and investors a nation with a strong foreign exchange market reserve can weaken a domestic currency on purpose.

As for the low exchange rates they set for home currency they can become inflationary due to the fact imports turn to be more expensive at home. If such situation occurs a central bank of this nation uses a FX exchange reserve to purchase a home currency and support in such way higher exchange rates under the circumstances when inflation turns into a concern

How to Set Up a Standard Type of a Forex Trading Account?

It is not a secret that a Forex trader provides all transactions with buying and selling currency pairs using online means, cooperation with Forex brokers and each of them also applies a Forex trading account: at first a demo account operating with virtual money to prepare for real time or live trading in the Forex market and then appealing to different types of FX trading accounts when supposing one is ready for risks dealing with losing or earning real money.

Below you will find a review of pros and cons of the most common type of a Forex trading account plenty of traders choose all over the world - the standard FX trading account. There are also not so popular but applied managed trading accounts, as well as mini and demo accounts for new Forex traders.

Explaining a standard Forex trading account

It stands for the most common and widely used trading account applied by Forex traders. It has such label because allows its owner to gain an access to standard lots of any currency every of which is worth about 100 thousands USD. Many beginners suppose that one needs to invest real 100 thousand dollars in order to start live trading at forex market. Those common rules of leverage and margin (usually 100 to 1 in Forex trading) denote that you need to put only one thousand of bucks down to this margin Forex trading account to get 1 standard lot necessary for such Forex trading. Ask any FX expert and he/she will prove this fact because most of traders work for years using advantages of this type of a FX trading account. However, only an experienced and full-time as well as successful and rich trader can expect to understand all nuances while using such account for FX trading.

Speaking about advantages of a standard trading account we should name the most obvious ones:

- servicing: due to the fact the standard Forex account needs an investment of the adequate initial capital from FX traders into trading process to get an access to full lots plenty of Forex brokers have to provide outstanding services and conduct improvements to draw attention of rich and private investors. You can expect to get the best service using the standard FX trading account. 

- gaining potential: each pip here is worth about ten dollars or higher and in a case positions moves according to your strategy and natural Forex fluctuations by one hundred pips during one day your gain can increase up to one thousand dollars. Any other type of a Forex trading account can't boast such potential when it concerns a possible gain. 

However, even the sun has it spots and a standard Forex account is not an exception. The most common cons of its usage are:

- requirements for capital: as it was mentioned above the most important issue is to find an initial sum of money should be no less than one thousands of dollars while many brokers start their rates for a standard Forex account from tow or even thousands of USD. So prepare to invest such money and also be ready to lose them as well. 

- losses potential is also high: you may win a lot or may lose it all. Only really experienced traders can expect to use a standard FX trading account and risk one thousand of real dollars expecting and forecasting that 100 pips won't move against them during one trading day.