I invested GBP 200 with them and they had promised a much higher win vs loss rate, but they instead created a high loss rate of about 63%, 14 losses and 8 wins. Yet, according to their adverts, the risk of loss was virtually non-existent.I was told that that if the TURBO BINARY system did not work AS PROMISED, they would refund any costs invested PLUS $100.
Forex trading is governed by the National Futures Association, and they routinely check brokerages for financial irregularities, hidden or overly high fees, and scams. A key point of comparison between forex brokerages is their regulatory approval status with the NFA. Because the forex market and its major players move rapidly, it’s wise to regularly check on that status via the NFA’s Status Information Center. Increased regulation (coupled with higher capital requirements) continue to force forex brokers to leave the playing field, and one side effect is that it’s increasingly easy to find the best out of a constrained number of options.
Forex trading platforms often provide access to high-quality news feeds from professional forex market information sources that might include Reuters, Associated Press, Bloomberg or Telerate. Check to see that the news your trading platform provides is suitable for your needs, especially if you have a strong interest in trading based on fundamental factors.
As a Forex trader, you will know how exhausting trading can be, especially if something goes wrong. There are traders who dream of a partner who is intelligent, not exposed to emotions, logical, always looking for profitable trades, and who can execute trades almost immediately. If you're looking for all of the above, the search might be over, as all of these qualities also describe the best automated trading software for Forex.
I really don't think this EA is a scam, I just think they like to walk away from people who have used the EA incorrectly and blow their accounts up, which isn't good either. At the end of the day they are trying to run a business and probably find it frustrating when people want their money back after making some mistakes and changing settings, this still doesn't excuse them here however.
When you need to access or provide personal and private information over the Internet, such as credit card numbers, bank account data and trading account information, the security of your data from unwanted prying eyes who might misuse it becomes paramount. In addition, if you store key data online, you will want that information to be is backed up regularly by the host.
One of my friends has developed an EA which is able to plot support/resistance lines on the charts. It doesn’t take any positions at all. So it is not an auto-trading robot. It just plots the lines. He wants to share it on LuckScout for free. It is a while that I am checking it to see if it is good enough to be shared on the site, and I have come to this conclusion that it can help novice traders learn technical analysis much easier and better. So I have decided to share it on the site. This is also the example of a good “white hat” robot. So in general I agree with you that some robots can help.