Legitimate Uses for a Forex Trading Alert
There’s tons of buzz for automated forex trading systems that provide various levels of opportunities based on an automated forex trading alert.
If you’ve looked on this blog lately, you’ll even see ads for some of these forex trading alert software programs. These type of programs are sometimes called “forex robots” or “bots.”
Never Blindly Trust a Computer Generated Forex Trading Alert
You’ve seen the outrageous claims like “See Forex Robot Nailing $363/day,” 100% No Loss Forex Robot,” & “From $5,000 to $35,000 (with a forex robot trading for you).”
Yeah, right ;P
Or is there actually something to these automated forex alerts….
WARNING: Never Let a Computer Trade For You
If you see ANYONE claim to give you a black box software that will automatically make you money, THEY’RE LYING!!!
Even though some of these forex robots are selling you automated forex trading systems that will trade for you, that isn’t the right way to use an auto forex trading alert. Letting a robot trade your money for you is a fancy way of setting your money on fire!
Tip: Use Automated Forex Trading Alerts to “Signal” Potential Trades
Before you give up on the forex robots completely, realize that there are some valid uses for them. A computer that closely monitors forex trading prices constantly can be a powerful ally…
For $100-$200 you can have one of these forex robots spotting trading opportunities for you 24 hours a day, 5 days a week (the forex market closes on weekends).
Remember Forex Trading Basics
When the forex robot generates a forex trading alert, you’ll still want to look for support & resistance, see if there are any consolidation in the forex charts, use technical indicators, forex trading wave patterns, & fundamental announcements.
The total basics of forex trading are fully covered in the 20 part free course at rapidforex.com.
There’s No Shortcuts to Forex Trading Success
If a computer could trade you from $5 to $5,000,000 within a decade, EVERYONE would be running that software! Don’t fall into the thinking that a computer generated forex trading alert will do for you what some of the smartest financial geniuses in the world haven’t been able to achieve – automated forex trading!
It’s an impossible fantasy that is unfortunately used as the basis for many forex trading scams.
Just because there are some forex scams out there, don’t be afraid to try to use software to let you “spot” forex trading opportunities.
Don’t use the automated forex trading alerts to trade for you, just to tell you when you might find a cool forex trading opportunity.
I’ll be discussing more legitimate ways to use a forex robot to find trades in future blog posts. If you don’t like forex robots, just stick with Forex Sailing and be in 100% control of your trading decisions!
Tags: forex robot, forex sailing, forex trading alert, forex trading basics, forex trading online, Forex Trading Scams Posted in
Rapid Forex on 
Philile on 
Gary Cooper on
May 13th, 2010 at 2:56 pm
Hi Brian
Which robot will you recommend to try?:)
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Rapid Forex
Reply:
May 13th, 2010 at 2:57 pm
@Kulvadee – Any of the robots advertised on rapid forex would be a good place to start
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May 13th, 2010 at 3:18 pm
Dear Brian! I did so with two computers in use. But and in this case there was not 100% sucsess!
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May 17th, 2010 at 5:18 pm
To use the robot, do we need to have 2 accounts and 2 computers because we dont want robot to trade for us? Can you please explain?
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May 18th, 2010 at 8:25 pm
Hi Brian,
I posted this question a while back. Sorry to bother you again, but I thought you mightbe able to help me with some info.
Hi Brian,
I have a question in regards to a Forex Auto trading package.
I have been speaking to someone from Apple Investment Company. They have a trading package called FX Calibre (not mistaken for Calibre fx pro) that you can run on auto or manual. It comes with all the training you need & a 24 month money back Guarantee that there system will return 13% per month if run on Auto only.
I was wondering with your knowledge & contacts have you heard of this at all.
THANKYOU for any help you can offer.
Regards Steve ( AUSTRALIA )
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October 20th, 2010 at 9:48 am
Thanks for this post ! I am a complete fool when it comes to Forex trading and this comprehensive post just helped me understand it more,
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December 20th, 2011 at 5:28 am
I would never ever trust to any forex robot anymore..i will stick to forex sailing, many thanks return to Brian for sharing your knowledge for this while
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