Today we will have a look at the ProForex Robot. An automated Foreign Exchange trader that along with similar products brings the average Joe into the world of trading currencies, something that was previously considered a trade for the highly trained professionals. If you have no clue what Forex is, have a look at Wikipedia.
Most automated trading programs runs as an extension to the MetaTrader4 platform. A very popular program used by traders around the world. The program is connected to a trading account at a trading company of your choosing. Choosing the right Forex broker is a very important thing as their commissions very from broker to broker. Do some research on Google and find a broker you are comfortable with. Once set up with an account you will be able to download the MetaTrader4 platform directly from your brokers website. Remember, you are able to set up a demo account with your broker that you can use to test out your automated trader. This means that you do not need to invest any further money before you have seen that this product actually works for you. Along with the 60 days money back guarantee, you really don’t have a lot to lose here.
So, how does the ProForex Robot work?
Making money on the Forex market is all about selling and buying currencies at the exact right time. You have to look for the right signals as the currency rise or falls in value compared to the other currencies. This normally requires a lot of skill, practice and constant market research. What all automated Forex traders do is to take the human factor out of the game. They use a large set of mathematical and logical rules to determine the right time to sell and the right time to buy. For that exact reason everyone can do it. As mentioned before, it only requires an account with a broker that supports the MetaTrader4 platform. Once the ProForex Robot is installed and setup it runs on autopilot. You can leave your computer on when you go to work or when you sleep and it just keeps on trading for you. It is really as simple as that.
The good thing about the ProForex Robot
- Compared to other automaed traders the ProForex Robot is cheap to get started with, only $97
- 20 years free updates to adjust to market changes (so they claim)
- 60 day money back guarantee (As a ClickBank partner this is 100%)
- Great documentation and easy to get started with
- It can run of a demo account with your broker – No money down for you!
- They offer a $500 bonus if you use their partner as a broker
The bad things about ProForex Robot
- There’s no support forum
- Some users have found it difficult to make money of this trader
- Missing proof of results
Remember, this is a product review and introduction. Results vary and some people will have success with this products and others will not. Make up your own mind. Post your comments below and let me know what you think of this product.
That pretty much sums it up