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Forex Trading Tips

FREQUENTLY ASKED QUESTIONS

Forex Trading Tips

Few Words About Forex Trading

Every day fortunes are made and lost on Forex Trading. This way of investment is very attractive because you can make lots of money very quickly. Forex is a bona fide, legal way to make money. That said, you can also lose lots of money.

But Forex Trading is not a gambling in casino. In a casino, it’s pure luck if you win or not – unless you are a high-stakes gambler playing cards where bluffing and other skills can be employed as we all know.

In Forex Trading, if you gamble like in a casino, you will definitely loose. However, if you have the best Forex Trading Software like Expert Advisors & Indicators you can win.

REMEMBER: 60%-75% OF ALL TRADERS LOSE MONEY!

This is a well-known and publicized statistic. And it’s true! About 60-75% of the traders lose money on Forex, especially beginners. The reasons are manifold: greed, lack of Forex education, no consistent Forex system or strategy. Usually no more complicated than going to Las Vegas all excited with some cash in your pocket and little common sense or skill in your head! The casino wins. You lose.

So why, when the odds seem against you, does Forex still attract so many new traders every day?

Because most people trust in their good fortune and are willing to take the chance for fast profits. But the veteran, experienced Forex trader does not compare himself with a gambler nor a Las Vegas casino person. For the experienced trader it’s an art, skill, and with patience and with the Forex Trading Robot a winning situation most of the times.

However, a Forex Trading Robot has one big advantage. A ROBOT NEVER GETS TIRED. It can “run” 24 hours a day. And, doesn’t “gamble”. And doesn’t get emotional. Never gets excited when it makes big trades, or annoyed when it makes small trades or loses! With a good system, let the Robot do the “manual” work.

Systems that always make money – regardless the ups and downs of currencies, conditions and market fluctuations, are called “Holy Grails”. Easy to fantasize about, hard to get one that in fact does this and brings you the pot of gold at the end of the rainbow. So don’t be misled by all the “hype” you hear. Most systems are not Holy Grails and for even the trader with great experience and finesse, there is always lurking the “risk factor”!

Forex Trading Robot is designed to remove the “risk factor”, the fear of losing and the fact of losing. Stay relaxed. Use Forex Trading Robot on your platform and lie on the bed and watch a movie. Or lie on the beach and read a book and log in to see how your Forex Trading Robot is accruing you trade profits.

1. What is Forex Trading?
The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements

2. What is EA (Expert Advisor)?
Expert Advisors (EA) / Forex Robot are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.

3. I have no experience with Forex Robots. Is it easy to use?
Yes it is easy to use. Forex Robot is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.

4. How can I install Forex Robot? Is it easy?
Yes it is too easy. Just a few steps and you will be ready to use Forex Robot. You will also get a guide when you purchase any Forex Robot, it will help you to install EA. If you still need any help please contact with us.

5. Can Forex Robot work when i am away?
Yes Forex Robot can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don’t need to monitor you trades. Our Forex Robot will do it for you. It will monitor the trades, open and close positions automatically.

6. Where can I download MT4 (Metatrader 4) trading platform?
MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers.

7. What do I need to start trading Forex?
First you need a computer with a minimal hardware configuration and a stable internet connection. Second you need to install Metatrader 4 trading platform. You don’t need to have any additional Forex knowledge.

8. Can I use Forex Robot with any broker?
You can use any broker that offers the Metatrader 4 trading platform. But for Best Experienced results we suggest you to trade with most popular brokers.

9. Should I trade myself when I use Forex Robot?
You don’t need to trade yourself. Just turn on Forex Robot and let it trade using your account to bring some profit for you. Of course you can trade manually too. But we recommend that you use only Forex Robot to avoid any loss.

10. Do you offer free updates?
Yes we offer free updates of our robot. Our development team will not stop improving of the Forex Robot and make it competitive on the market under actual market conditions.

11. I don’t have much money. What is the minimum amount needed to start trading?
We know that the money is the main question. We know well that many people don’t have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $50.

12. What time frame is recommended to use Forex Robot?
Every Forex Robot is unique. Please check the guide before trading.

13. Do you provide customer support?
Yes we provide customer support. Our support team is working 24/7 for you. If you have any questions about our robot don’t hesitate to contact us.

14. Can I use Forex Robot on other currency pairs??
Yes you can use. Please Backtest before using it in a real trading.

15. What kind of internet connection and computer hardware do I need?
We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the market opening on Monday to the market closing on Friday.

16. Do i need VPS?
If you can’t keep your PC / Laptop on 24 hours a day so better choice is to get a vps service.

17. What will happen if I lose internet connectivity for a short time?
Robot will stop working. You must have to start the robot as soon as possible. Otherwise your running trades will not be closed and it may occur big draw down.

BestMT4ea.com | Download Free Expert Advisor and Forex Trading Robot for Metatrader. Enhance your Forex Trading with Best MT4 EA.

18. I want to Buy Forex Robot, How do i pay?
We accept payments by Neteller, Skrill, Bitcoin, Payoneer, Paypal, MasterCard & Visa.

BestMT4ea.com | Download Free Expert Advisor and Forex Trading Robot for Metatrader. Enhance your Forex Trading with Best MT4 EA.

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