For conducting forex research in 2018, Saxo Bank held its first place position as the best broker in this category. While many brokers struggle to organize research for their customers, Saxo Bank does a fantastic job centralizing the research it provides across its platform suite, within its recently redesigned website, and on its Trading Floor offering. Saxo Bank incorporates a social network where traders share commentary about markets on Trading Floor and provides access to in-house and outsourced research reports, including pattern-recognition tools.
2. Hire a programmer to code your strategy – Whilst there are plenty of skilled programmers out there that you can hire to programme your automated day trading strategies, they do come with drawbacks. Firstly, it will be expensive. Secondly, you’ll need a serious trial and error process to determine whether your strategy will yield consistent profit.
Opening an account couldn’t be easier now. Wuth FapTurbo3.0, we have completely automated the process of opening live accounts for you at our preferred broker, FxChoice. Your FAPT3 license allows you to run the robot on TWO live accounts; ONE at either of our preferred brokers and/or ONE at any other broker of your choice. You can start with literally any amount at these brokers!
When it comes to Forex robots, there are always going to be traders who consider them a godsend, and those who consider using them is a lazy way to trade. Here at toponlineforexbrokers.com we prefer to sit on the fence. Rather than tell you they are the best thing since sliced bread, or a tool you should steer clear of, we’ll try and give you all the basic information in a unbiased and clear cut way. That way you can weigh it all up and decide for yourself whether Forex auto trading is the way for you.
The main beauty of this platform is that it is vivid. There are thousands of traders and analysts that are publishing their forecasts and ideas, providing comments and assessing the content. You are not just provided with powerful charting and great analytics - you are also supplied with a chance to discuss a certain topic or a certain trading idea. 

No more hassles with choosing brokers, optimal settings, wrong configurations and high spreads. We found out that most effective and most profitable way for our premium members is to trade on the FapTurbo™ 3 optimized feed from MyFxChoice. That is how you can maximize your results. Myfxchoice takes a small commission from your winning trades for providing you the service. So it's a WIN+WIN situation!
Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). While US-based traders aren’t allowed to open Plus500 accounts, traders in Europe, Asia, and Australia can enjoy the myriad of perks this broker offers. For starters, the minimum deposit for Plus500 is $100, which is lower than what other regulated brokers require. They offer a decent 300:1 leverage that can be used to trade 50 currency pairs including EUR/USD and USD/JPY.
Automated Forex trading software is a PC program that analyses currency price charts, as well as other market activity. It determines the signals, it tracks spread discrepancies, and trends in price and news that may affect the market, in order to locate potentially beneficial currency pair trades. For instance, a software program will utilise criteria that the user sets, and will determine a currency pair trade that satisfies the predefined parameters for profitability, and it will also broadcast a purchase or sell alert. On this alert, the software can be programmed to automatically carry out the trade.
FXCM (Forex Capital Markets) was founded in 1999 in the U.S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U.K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U.S. exchange listing the equity of large technology-based companies.
These software programs vary in their appearance and functionality and the users can capitalize on these factors while choosing the best Forex charting software for their Forex business. There are quite a lot of things users need to consider before they can go ahead to select the best Forex charting software for their business and some of them have been discussed below. 
Some firms provide video content of software programs functioning in the market, purchasing, and selling currency pairs. If there are screenshots of account action with trade prices for buy and sell transactions, time of profit posting, and execution – then you should consider checking them out before committing to anything. While testing new Forex automatic trading software, run the tutorial, or any other training function in order to see if it is appropriate and answers all of your questions. Additionally, you may have to call the support desk for answers to complex questions about programming, like the buy-sell criteria, and exploiting the system in general.
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.
Fapturbo is surely profitable but can be better for the short and long run if an improvement is added to the robot for closing orders at small loss when a trend looks to be possibly starting in opposite direction of the order especially when an order is opened at sell and it must had been a buy or vice versa( as seen when the price reach stop loss). By this, no pair will be reaching the stop loss. so gains will be consitent while when loss comes from time to time it will be small losses. I think this is the only major weak point that many fapturbo users are facing. Besides, if fapturbo owners can add a special part in the forum area to daily update FT users about what pairs might be profitable with FT trading this day and which pairs can be bad to be set for FT trading especailly that FT owners can do backtests on the robot for all pairs and nearly determine which pairs might appear the best performing ones for this or that day. Other than that, Everything is great, good gains and superb work by FT guys. I hope this message is taken by open heart and mind. To More Success
One of the most positive aspects of Forex auto trading software is that the marketing incentives to buy specific packages might provide extra tools for trading. Nevertheless, those programs are far from infallible – and the trader should be aware that the use of automated software does not 100% guarantee an infinite amount of successful trades. Let's look at how this type of software actually works.

Edit: I am aware Tradingview is great for back testing and analysis - I have just found there are restrictions when it comes to more advanced trade management aspects and trade entry speed, etc. As mentioned - I have used Ninjatrader, I like the platform and it does everything I want it to do. My main issue is the limited amount of brokers supporting it and lack of mobile support. Would MT4 be a better option? Is it worth my time learning the platform?


through its own trading platform. The FXCM platform is recognised for the speed at which trade orders are executed as well as its approach as a non-dealing desk, meaning the broker doesn’t take the other side of the trade thus giving the trader a fair chance of making money over time. Traders using FXCM are given a 200:1 leverage, which they can use to trade 50 different currency pairs available.

Entry cost. The market for robots is extremely competitive and this has driven the price down over time. Considering the performance of some of the better robots, the money you pay upfront can soon be recouped if you trade it on a reasonably sized account. (Disclaimer: always trial the forex ea in a demo account first until you are comfortable with its performance)

By default, retail FOREX traders fall under Section 988, which covers short-term foreign exchange contracts like spot FOREX trades. Section 988 taxes FOREX gains and losses like ordinary income, which is at a higher rate than the capital gains tax for most earners. An advantage of Section 988 treatment is that any amount of ordinary income can be deducted as a loss, where only $3,000 in capital gains losses can be deducted. Section 988 gains or losses are reported on Form 6781.
Other types of software make use of specific algorithms and unique methods designed to increase the profit ratio. They take the basic autobot to a different level. This type of software monitors the market and trades on the traders behalf, thus saving the trader time. It collects the data and information from the Forex market and mines the data to make the trades based on concrete facts. It makes the trading simpler and the trader does not have to monitor the market around the clock.
GAIN Capital’s Forex.com platform followed in fourth place, as the broker launched its responsive Web Trading platform powered by Trading View, helping to complement its innovative desktop-based FOREXTrader Pro platform. In addition to launching its web-based platform that runs on HTML5, the broker more than doubled the number of indicators to 139 in its desktop platform.
The sheer size of the forex, or foreign exchange, market dominates all others — even the stock market. Every payment that crosses currencies contributes to its fluctuations and momentum. And without a centralized marketplace, forex activity buzzes practically without cease, with traders waking up and doing business everywhere, in every time zone. To get a piece of the action, you need a forex brokerage with best-in-class technology and stellar support.
Yes, there are always potential risks when trading in any market, but automation software may help you avoid serious losses. Most importantly, keep a checklist of the most important features you're looking for in a program, the level of customer support, and of course, that no trading system can guarantee 100% winning trades and that past performance is no guarantee of future results.
The very utility of having a robot trade for you without your input can be a source of constant low-level tension for some people. You may find yourself worrying “What is it doing now? God I hope it hasn’t lost me any money!” There are some people who just have to CONTROL every aspect of their trading. Automated trading software is probably not a good fit for these people.
The best way to gain an understanding of the benefits of using Forex trading robots is to spend some time reading genuine customer reviews. There are plenty to be found online, but remember to take them with a pinch of salt, as not everything you read online is genuine. Forex robots can analyse millions of charts far quicker than a human, but the information that many of them churn out is inaccurate and incorrect. Any robot is only able to perform as well as its program, and they aren’t able to think creatively or out of the box like a human can. The level of functionality of a trading robot is very much limited to past performance, and the way they have been programmed.
Self-control underlies everything. You can be a genius with an indicator, but if you have no control over your emotions and psyche, you will always lose. Many traders quit because of this. The initial period of trading on a real account will be a psychological rollercoaster for you. You must learn common trading biases that influence traders' negatively.
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