What is the Best Automated Forex Trading Software for Beginners?

[sonjeriff 10]

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

[tanalysis 10]

Maybe the best trading software is Metatrader. Good thing also is that you can find lot of expert advisors and indicators on net for metatrader (lot of them are free).

[Kiwi 16]

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

 

You deserve metatrader.

[dam5h 10]

kiwi, can you elaborate? i know you use sierra and i use sierra now but am not impressed with the selection of forex brokers that i can trade via sierra. currently trade futures via TT FIX with sierra on a discretionary entry/exit after getting an automated alert during times when i may be at home or awake.

 

i would like to try a fully automated system (but obviously with much less leverage in testing mode), so thought about doing a trial run with a micro account. but the options are limited for sierra so i started looking to metatrader. what don't you like about it? i am also not impressed with the backtesting in sierra, although i do like the acsi a lot.

[YertleTurtle 10]

What do you mean by "automated" - you want the software to place trades for you? People selling trading systems are generally scammers (not all but good luck figuring out who is who). Learn to trade or go to Vegas.

[ForexTraderX 10]

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

 

The only automated trading programs that I know of that are successful are the ones that are made by traders and programmers for their own trading purposes, or are licensed for 6, 7, or 8 figure sums to investment banking firms to use.

 

in other words, they are all proprietary.

 

Unless your the guy who developed the strategy on which the automated system trades, then your not even trying your luck if you use one of these you can buy on the net for a few hundered dollars.

 

you have much better odds of taking that money and putting it on red or even in vegas, and spinning one time. No joke... not even being cynical. just putting it in perspective for you.

 

and by the way... tossing a baseball at the lever that dunks the clowns at the fair is something you "try your luck at".

 

forex, and trading in general, is a knowledge business that you learn and develop over several years, complete with business plan, investment capital, and an internal burning desire to accomplish a difficult, all encompassing challenge that you will find is somewhat akin to making a long term relationship (like a marriage) work out successfully for years and years. this requires constant development, passion for the relationship, a deep desire to improve every mistake you can identify, from now until you stop trading, and very likely a need to genuinely enjoy the challenge of the worlds capital markets.

 

I say this all so again, you have a REALISTIC understanding of what it will require of you to be able to take a small amount of money and become a full time, successful trader.

 

Luck frankly, will play less a roll in your success or failure as a trader than it will in possibly any other industry you could ever try to achieve it. this is the industry of anti-luck.

 

But I wish you well

[forexlady101 10]

I use Tradecopier I've been using it for 2 months now and no complaints.

[Jack Francisco 10]

What do you mean by "automated" - you want the software to place trades for you? People selling trading systems are generally scammers (not all but good luck figuring out who is who). Learn to trade or go to Vegas.

 

Good advice Yertle. Robot trading is not advisable one for good traders because if we use robot for trading,we don't get any knowledge and experience in our currency pairs.robot is just software programs it doesn't know how our investment is important to us.:crap:

[Obsidian 10]

What do you mean by "automated" - you want the software to place trades for you? People selling trading systems are generally scammers (not all but good luck figuring out who is who). Learn to trade or go to Vegas.

 

guess he has no idea what he is talking about..yahoo, answers, forex :rofl:

[Vince50 10]

-Forex Robot TFOT Real account monitoring.

-Last version 5.0 - contains forex neural net filter based on BackPropagation Neural Network. Neurons are organized in a level-by-level structure with a direct signal transmission.

-Short description attachment.

 

Oh this is cool to find this thread on my first day here. Does anyone have any experience with the automated trade software called PREDIGIO? It works on both equities, Spot Forex and Futures and its completely free. Looks like a hell of a piece of software, you dont need any coding knowledge, just a connect the blocks kind of thing, yet I cant seem to get it off the ground. Coding and I don't mix well. Maybe one of you could go try it or look at the website. After all, its free. And no, I have nooooooo affiliation with them. I just think its sad that something like that that is free( so far) is not even talked about,good or bad on Google or any other board. MAYBE WE CAN GET A THREAD ON THIS FREE SOFTWARE. I'D love to participate. Their website is :Prodigiorts.com

[Vince50 10]

-Forex Robot TFOT Real account monitoring.

-Last version 5.0 - contains forex neural net filter based on BackPropagation Neural Network. Neurons are organized in a level-by-level structure with a direct signal transmission.

-Short description attachment.

 

Dun, I went to watch the You Tube video on it and I posted this question:

 

Im very interested in this. But why whenever I pay for a neural network software that lets me tweak both the annual return and winning percentage on daily bars only do I wind up with plenty of stocks that have over 100% annual return in 2yrs of back testing, and cant even come close to break even in forward testing or present time real trading? Does this mean that every technical system must at some point crumble and lose? And if so, why?

 

How are you doing with this software? Can you answer my question, by some miracle? -)

[jefftimothy 10]

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

 

It is the best if we can trade manually. To use automated trading software you also have to learn trading first to setup it. There are many robots and EA available . Some of them are free and also you have pay money for some of them . Read the article :Facts to be considered before picking a trading Robot .

[Angelnish 10]

My friend, I think etoro might just be the thing for you ... You might just like it.

[Jack Francisco 10]

I don't believe 100 % in robots. But if you are using it- make sure that before choosing an automated trading system, ask yourself what type of trader are you? Are you a scalper, intraday trader etc? All the robots providers praise themselves with getting you amazing returns, but if you read between the lines, you realize that you must choose the robot which fits your trading style best.

 

Otherwise you're simply throwing your money out the window.

[straddle 10]

Would you recommend an automated software to a novice.

 

I guess that the software doesnt make decisiona on its own but you must input parameters based on which orders will be sett.

Can a noob set up an automated system .

 

If someone inexperienced wants automated trades i would recommend a broker (an actual person)

[barako 10]

now im even more confused, like where do i start to learn about eas and the right EA to use, even though i have a programming background (ages ago) but i dont think i can use it. more like i do not remember will continue reading in hopes of finding my starting point.

[Obsidian 10]

now im even more confused, like where do i start to learn about eas and the right EA to use, even though i have a programming background (ages ago) but i dont think i can use it. more like i do not remember will continue reading in hopes of finding my starting point.

 

I would say find yourself a manual trading strategy first...

if you dont have any words to say, why would you need a language;)

[avwrites 10]

I'm in a similar boat. I was looking at EA's to make trading easier, but realized I needed more knowledge (much more) before I took that step. Of course I'm all over the forums looking for tidbits, but it's a piecemeal approach and is taking longer than I'd like to feel competent.

 

I was looking at educational sights that offer classes and tips for a fee. Tradesight is one I was considering. Any thoughts?

[obradovicmilica 10]

I read a lot and i think that the best trading software is Metatrader. you can find lot of expert advisors and indicators on net for metatrader and lot of them are freeeeee

[gavind 11]

Is there someone who found success on automated trading this year? I was trying to check if this is still effective.

[henryduncan12 10]

I do my trading manually because I believe it is good to trade manually in this we learn more form our mistake and also can make good strategy. Most of the forex robot run behind the trends.

[alva114 10]

Ya when I was planning to try my luck in Forex market my friend recommended me to use an automated Forex Trading Software. I've been using this program for 2 years and with no complaints. Try your luck with tool hope it will be as useful as it is to me.

 

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