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Sunday, December 20, 2009

Automated Forex Robots Can Really Change The Lifestyles Of Forex Traders

By John Adams

Automatic Forex trading robots have become hot commodities among Forex traders in the past several years. These robots analyze the market and they are the ones who pick which trades to make. The latest in the recent influx of Forex Robots is the IvyBot. The Ivybot was released on July 28, 2009. The Ivybot got its name because it was developed by a group of graduates of several Ivy League universities who have vast experience trading in the Forex market.

But of course we can not deny that it would be impossible to have a perfect system. The flow of Forex trading in the market is unpredictable and there are times that currency prices changes. We may gain profit and at the same time we may also experience losses. It can always happen and sometimes we cannot really avoid this kind of situations. If you are a beginner or an expert trader, you will look for an automated Forex robot that will ideally give you a considerable increase in your investments. However you have to take into consideration your know how in the use of the automated Forex robots. You have to study step by step all the information, review and testimony of the Forex robot users. Always bear in mind that Forex trading robots will not 100 percent get rid of trading draw down but at lease it can reduce it up to 20 percent. It has a capacity to guarantee that your account will be safe from higher market risk.

Because of so many automated forex robots in the market today, traders are as confused as to what and how automated robots will contribute to the success of forex trading. How does it work? Can they really replace the human expert advisors in handling the investments of traders? These are only a few questions that comes in the mind of foreign exchange traders. Actually many years back, automated forex robots are already being used by banks and financial institutions. But recently Megadroid and IvyBot was made known to the public.

What is unique about Ivybot is that it consists of four Expert Advisors for the price of one. The versatility of the IvyBot gives it an edge over other forex robots. The designers wanted a robot that will also evolve together with the market conditions. To make this possible, the creators of the Ivybot designed four different robots for four different currency pairs. Most forex trading softwares can only handle the US Dollar-Euro (USD/EUR) currency pair.

IvyBot goes beyond this currency pair and allots four separate forex robots for each forex currency pair. The following currency pairs are supported by Ivybot: US Dollar-Euro, US Dollar- Swiss Franc, Us Dollar-Japanese Yen, Euro-Japanese Yen. More currencies involved will mean more trades. More trade means more chances for profit. This is the selling point of Ivybot because only Ivybot has this and no other Forex robot can do this.

Another unique feature of the IvyBot is that the designers constantly monitor and adjust the robot to fit the current market conditions and these upgrades/adjustments are made available to owners at no additional charge. That is free upgrade for not just one robot but for all four robots. The best part about these upgrades is that Ivybot does it automatically. Ivybot holds a lot of promises, but like the Forex Megadroid, only time can tell which one is better. - 23208

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