FAP Turbo

Make Over 90% Winning Trades Now!

Tuesday, January 19, 2010

IvyBot Has Worked For Me Can Work For You As Well

By John Adams

The IvyBot is one of the latest Forex Robots to enter the market. Created by Ivy League students and its alumnus, this robot is packed with features when compared to some of the rival robots on the market. Within a short time, the IvyBot has managed to secure a small part of this competitive industry, and has managed to earn itself a following from among enthusiastic traders.

The forex market is somewhat different in this regard. At least theoretically it's a level playing field. All traders have equal access to market information. What's left for the traders then is to analyze that information, come to a trading decision and start making money.

Like many Forex robots in the market, the IvyBot is able to monitor the market conditions and make trades even if the investor is too busy to watch it. It is simply programmed with a variety of strategies to enable to function autonomously. As an investor, you will not need to excel in computer technology. Just simply arm yourself with a basic understanding of computers, and with access to the internet, you will then be able to participate in Forex trading with the help of the this forex robot.

IvyBot will last you for a life time because it has the ability to update itself according to the fluctuations present in the market. This is a quality which most of the traders wish in their robot as they are tired of constantly changing their expert advisor. Using this software you can enjoy a smooth online trading.

Sworn supporters of fundamental analysis will no doubt tell you that, although the software packages might technically be working fine, they are flawed in a very basic way. That movements in the value of a currency can not be predicted by studying things like moving averages - they don't predict the price, they follow it. These traders will argue that currency movements are caused by fundamental factors: the balance of trade, interest rates and inflation. On the other hand, traders who solely use technical analysis to arrive at their trading decision will no doubt argue that any fundamental factor, such as inflation, will eventually trigger a movement in some or other technical indicator. A falling price will cause the price to move below the moving average and the software, if programmed that way, will then issue a trading signal to sell that particular currency. Whether you therefore will find forex trading software useful or not, largely depends on the way you perceive the market to work. - 23211

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home