Don’t have time to sit in front of Forex charts every minute of every day? Maybe a Forex Bot is what you need to help you automate your Forex trading to let you live your life and make money at the same time. Most Forex Bots will come in the form of EA’s also called Expert Advisors which are scripted especially for Meta Trader 4 (mt4) and are in .ex4 format.
In reality there are 1000’s of Expert Advisors floating around the net at this very moment. You can try to get “free” expert advisors but many of these free EA’s are outdated very quickly wheras most paid Expert Advisors are updated to adapt to changing market conditions.
Some of the most popular EA’s will be found on google and most have affiliate programs associated with them which will naturally add quite alot of embellished stories of amazing accuracy and profitability because people have a vested interest in making these EA’s look as good as possible to make money off the Forex market but not from trading, but by selling EA’s to unsuspecting beginner Forex traders.
A great site to help you determine the most effective Forex Bots is ForexBots.com — a place where you can review any EA’s and other forex software and read reviews by others. Forex Bots also has a rating system for Expert Advisors to help you find the Top Forex Bots available on the net!
Please be aware that trading Forex involves substantial risk of loss. Risking money into an automatic trading bot or software can greatly increase your risk for loss considering that you can walk away from your trading terminal and come back to find this forex bot has entered you into many bad trades. It’s really important to forward test any Forex bot on a Demo Account or even a real account with small lot sizes (0.1 for instance), so you are risking a few dollars, not hundreds.
Hopefully this post was helpful for you, please check out Forex Bots for an honest assessment of which Forex trading softwares are the most profitable for real traders like us!
The GRIDBOXER Package comes with 3 very accurate Expert Advisors that cost over $300 each if you purchase the EA’s individually. The package allows you to trade with expert advisors for MT4 for the pairs AUDJPY, GBPJPY, and USDJPY. Your purchase also comes with full documentation and 4 months of FREE support and updates. The package can be run on unlimited demo accounts and one live account. Gridboxer was developed to be programmed with the optimal settings to trade the aforementioned currencies pairs in the Forex market. You have a real ability to trade on autopilot the most volatile JPY crosspairs in Metatrader4.
PIPBOXER and GRIDBOXER Package deal now has been slashed which is why I am making this post today. Trading forex can be one big long miserable emotional roller coaster ride. One of the only remedies to take away the
emotion out of your trading is to employ some sort of automated Forex system that tells you exactly where to buy, where to sell, and where to take your profits.
PIPBOXER is one of those automated forex systems that lets you trade forex on autopilot
by adding these “expert advisers” to your individual charts in MetaTrader4. PipBoxer is a series of EA’s that you may download that are finely tuned to trade specific currency pairs either fully automatic or to simply give buy/sell alerts. The one discouraging thing about Pipboxer is it’s price, over $2700 to get each and every EA that is sold by the company… until now.
Now you can receive PipBoxer at an insane discount… only $999 for 16 individual indicators that can help you make $1000’s in a very short period of time.
I’ve had a long time to test out pip boxer and it’s algorithms are truly one of a kind, seriously take the emotion from your trading system and let PipBoxer find the best trades based on statistcal averages, not gut feelings.
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Pip Boxer Full primarily is a Meta Trader 4 plug-in that will work with that software and any chart of any currency pair. This comes at a cost but what you put into the system is a mere fraction of what you will get out of it. If you are a total beginner to Forex, you can still get this software, however, I recommend honing in on one currency
pair, one of the majors perhaps, one you know you can get used to and get PIP BOXER for that pair alone. Later on you can move over to other pairs and try PipBoxer with them.
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Published at March 3, 2009
in Brokers.
Probably the most important decision a new trader will make before he even makes a trade is choosing which Forex Broker is right for him/her. There are numerous sites that will help a new trader compare forex brokers based on a number of different factors including but not limited to Minimum Deposit, Max Leverage, Spreads, Commission, Swaps, or whether they are an ECN Forex Broker or Dealing Desk Forex Broker.
Spread Charge
The spread is the difference between the ask and bid prices which can range from zero to whatever amount of pips. There are even brokers that charge absolutely no spreads, but probably will pass off their operating costs in some other way such as commissions charged per trade. To learn more about Forex Brokers with No Spreads go here.
Commissions on Trades
When a broker charges a commission on a Forex trade, it will be applied in such a way: $4 per 1,000 or $40 per 10,000. $4 referring to their rate (which can be $1-$5 at least); 1,000 & 10,000 refers to the contract size. Most brokers that have higher spreads will not charge commissions. Most ECN forex Brokers charge a commission but will apply a much smaller pip spread. Brokers that have high spreads and high commission are NOT worth your time.
ECN FOREX BROKER or DEALING DESK BROKER
An ECN Forex Broker stands for Electronic Communications Network Broker. Typically what sets these brokers apart from the rest is, in short, they are able to link you up to many different networks with buyers and sellers, allowing you to get the best possible deal on the trade you are making. Dealing Desk brokers in a way, manufacture the market, allowing them to make money off the spread between the ask and bid prices. A Dealing Desk broker is not a scam, but they do make trading profitable for them, more than you and will make money whether you win or lose. Generally speaking, ECN Forex brokers are safer and more reliable, to find out more about ECN Forex brokers visit this site.
Forex Brokers You Should Try (for Free)
Published at September 7, 2007
in Forex.
The Forex Mentor Program from Peter Bain is one of the most downloadedForex Training Courses on the internet. Rightfully so, Peter Bain has guided thousands of people toward riches through the wonderful and not-so mysterious world of Forex. At least after taking Peter’s course, the FX market shouldn’t seem so mysterious; you’ll understand when to make killer trades, how to recognize changes in trends, and much more.
Published at September 1, 2007
in Forex.
If you’re completely new to Forex Trading, I recommend checking out our friends site called What The Hell Is Forex? They explain what Forex is from a totally beginner’s point of view. If you’re familiar with Forex and are looking for ways to maximize your profits and minimize your losses, Forex Bus is the site for you. 
We were at one point beginners, then intermediate users, and now its safe to say we’re proficient at trading Forex. I know personally, in order to learn anything in life, I need to try it hands on. Practice accounts with fake money helped a little bit, but it was too easy, I needed to feel the pressure of trading real money, I needed to feel both the highs of profiting well and the lows of losing a fortune to truly appreciate and understand what Forex is. In all honesty, I read at least 30 e-books, invested in dozens of systems and wasted thousands of dollars in the FX market trying to find the right combination of trading strategies and systems. We’ve created this site primarily to help anyone who comes here to circumvent that entire process of throwing money into worthless trades trying out system after system… we’ve narrowed down the list to 5 systems that have worked for us.
Therefore anything on this site you see here we’ve tested and it has made us a significant amount of money, that’s no guarantee however that it will work for you, anything can happen in Forex, but the odds of losing money are amazingly reduced after following one of the following systems. Earning a steady income from Forex isn’t magic, it isn’t a secret club you join after paying thousands of dollars, it’s all probabilities. Trading blindly without a system or strategy will result in more PIP’s lost. If you think you’re ready, be prepared to spend anywhere from $30-$2000 in one or more Forex Trading systems. In comparison with the amount of money you can make in just one day with one or more of these systems, $1000 is really not that much. Trust me, one day you’ll view $1000 like it was $1 and the petty investment in one of these programs will be the best buck you ever spent.
Here are our favorite Forex Trading Systems:
| First of all, you’ll need to have your own account at a Forex broker. For a free practice account check out the link to the right —> |
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Free Forex Practice Account Here |
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