Forex International Trading is by definition what International Forex trading is all about. Currencies are traded in pairs and the purchase of a currency is the buying of one currency against another. EUR/USD one of the buys you can make, is the Euro divided by the US dollar at a value of one. At present the rate is about 1.47, so if you bought this at that price, it means that to buy a Euro would cost you $1.47. Traders buy or sell two currencies against each other, EUR/USD being the most common. The big question is... How does the man on the street get in on this and make money from it? In the old days, forget it! Today, with the computer programs that allow you to trade onlin, an everyday guy can get in on the action. Furthermore, we have sexy little computer programs that will you to sit on your derriere and let the computer. There must be hundreds of these things all over the internet, and they are relatively cheap. Most are about a hundred bucks... Some are better than others... Some are not so good at all. Reviews are all over the place and you can decide for yourself. A few which seem to rise to the top of the ladder are: Fapturbo, Megadroid, and Ivybot as well as LMT. LMT has been around for a while and is an updated program from a guy (Saunders) who originally programmed 10 Minute Forex. Then Fapturbo and Megadroid came along and took over the spotlight. Fapturbo seems to be a scalper (a small profits grabber that trades in and out quickly) versus the longer term trend projecting device. Megadroid trades similarly except that it has a built in 'protector' that hides the 'robot trader' from the broker you are trading with. Oftentimes the broker is trading against you, and hiding the fact you are using a software program keeps the broker from imposing penalties on the trader. Ever since Fapturbo and Forex Megadroid came into the mechanical forex robots scene, they totally dominated market. Before these two, there were few robots that could be considered any better than manual systems trading by individuals. Ivybot is a relatively new program and could be a serious challenger to Fapturbo and Forex Megadroid The Ivybot trades with a combination of the following methods that professional forex traders generally use : 1.Trends 2. Price action 3. Technical analysis 4. Liquidity 5. Volatility
It is difficult for a trader with his own system to incorporate the above at the same time while market is moving. So, a computer that can take all these into account is invaluable. The Ivybot programmers have improved a very important weakness of most forex trading robots. The Ivybot folks have tried to combine qualities that work with the different trading pairs into one successful program. I highly recommend the Ivybot Robot. Come to our website and read reviews of the various trading programs. We are truly Forex International Trading entrepreneurs! Happy Trading... Marybeth
By MarybethHart
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