IvyBot Forex Robot – Is Ivybot Scam?
Author: Pilan Donys
The IvyBot trading program has been getting a lot of attention lately in currency trading circles and it’s likely to become one of the most popular trading robots of 2009. As a robot which exhibits impressive results, is 100% automatic and, and is easy to install and use, it seems that nothing can go wrong with this robot. However, this is far from true. While there are majpr advantages to using the IvyBot, there are also cons you need to know about.
Click Here to Visit the Official Homepage of IvyBot
Cons:
1. The IvyBot trades just 4 currency pairs. Of course, most trading robots trade just 1 pair so the Ivybot is still better than most robots, but it would have been better if it had traded more pairs.
2. You don’t learn anything about trading yourself when using an automatic trading robot. This is something which can lower your profits in the long run. Always make sure that you continue educating yourself about manual trading even if you make a lot of money with automatic tools.
Of course, the IvyBot has a lot of pros:
1. It is 100% automatic so you can trade with it and not lose any of your free time. You don’t even have to be near the computer for it to work.
2. It’s affordable and also has a 60 day money back guarantee.
3. It has impressive results.
4. It is updated on a weely basis so the robot works well in changing market conditions and is tweaked continuously to perform better and better.
Overall, this robot seems very promising and can be used by newbies and veterans alike. As it has a 60 day money back guarantee, I believe that this is a robot worth using.
Click Here to Visit the Official Homepage of IvyBot
Article Source: http://www.articlesbase.com/currency-trading-articles/ivybot-forex-robot-is-ivybot-scam-1645560.html
About the Author
November 30, -0001
12:00 am #comment-1
If you are looking for the best forex software, visit this site
http://Make-Money-With-Forex.org/
This software is the best software that can help increase your trading profit and user friendly.
Best Wishes,
November 30, -0001
12:00 am #comment-2
First, you should know that Forex is not that easy. Do not believe those who may say it is!
Now, there are some good robots that MAY help you. Some are scam. Others are for real.
Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.
Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.
A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.
For this automatic approach, forex auto pilot turbo has worked wonders for me: http://www.forexapt.com/. It offers, among other features, high spread protection system and automated risk scaling. They say “95% winner”. Well, only the bottom line counts. In this regard, it has really delivered for me.
I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.
Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months – a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.
Good trading!
Mark
November 30, -0001
12:00 am #comment-3
I think that Forex will have some interesting ramifications on the geopolitical power shifts that may happen sooner rather than later.
If you are looking for the best forex software, visit this site
http://Make-Money-With-Forex.org/
This software is the best software that can help increase your trading profit and user friendly.
November 30, -0001
12:00 am #comment-4
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called “Zboy227″ who says “I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227.” The “/Zboy227″ tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
Take a look at Bob J’s website. If you click on the link for Fapturbo, you can see that he is sending you to the site http://www .fapturbo . com/?hop=gannon6 The “/?hop=gannon6″ means he gets a commission if you buy Fapturbo.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words “forex robot” and “scam” you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
November 30, -0001
12:00 am #comment-5
Trust me, no robots and beat the market on the long run.
April 26, 2009
3:27 pm #comment-6
What is the best Forex robot on the market and does it work?
I heard that a new robot has just been released (RCTPA driven Forex Megadroid). There are quite many robots on the market. What is a Forex robot anyway? Which one is working? I have heard many good things about Forex auto pilot turbo. I would like to know which one is the most reliable. Thank you.
May 27, 2009
6:38 pm #comment-7
How do I choose a forex robot?
I am looking at purchasing a robot but want to know how to sort the rubbish out from the good. I am currently looking at forex megadroid, Poison robot, Pips Leader. Any suggestions, has anyone tried these robots with success.
June 29, 2009
1:33 pm #comment-8
Which Forex Robot has the best results and easiest to use ?
Im still confused on which Robot to get to start Forex trading. If anyone has any experience, I would love hear any pros and cons.
June 8, 2010
7:31 am #comment-9
What is the best forex robot available and do you recommend?
Im very interested in getting a Forex robot to trade for me. I have heard great things about forex robots, But I am not sure which forex robot works the best. Im a new to forex completely and Im just looking for an automated way to make money from home. Would you even recommend trading with a forex robot at this current economic time? How much many can make with a forex robot and what is the best forex robot from your personal experience. Please help. Thanks
June 8, 2010
7:55 am #comment-10
How to apply and setup forex robot regarding this market open 24 hours?
Forex market opens 24 hours, and I am not the Superman can review and decide something when tired. I want to install forex robot in my system.