Daniel C. Paul asked:
Everyone who is anyone wants a piece of the Forex market these days. Its popularity is surely as a result of its all day access, as opposed to the restrictive hours of the stock market. It is more accessible, and with some brokers accepting initial capital as low as 50 dollars, it is not an elite market.
Forex robots are now quick and very easy to install, various experienced traders taking advantage of the market’s ever increasing clientele. All of these robots offer a massive return on investment, but what you should also focus on is the issue of draw down. Does your robot cut draw down or is it a major drawback for you?
Draw down is essentially the largest amount that is at risk, therefore the absolute maximum you can lose if your robots makes a poor trade decision. Irrespective of how good your software is, you WILL lose money on the market at some point, it is inevitable.
The Forex market is, and always will be one assumes impossible to predict with 100% percent accuracy. Even the best robots will lose as the Forex market is not based on maths. A number of Forex robots are made by computer programmers and maths wizards, not necessarily market experts.
So clearly, the best Forex robot to purchase is the one that provides the least draw down. Some robots out there have a draw down of over 40%! Even if it has an accuracy of 95% in trades you may still lose out in the long term. Its wins in trade may only be tiny, whereas each of its losses might be 40% of your investment or more.
You should be looking for a robot that offers a 10% draw down rate or less. One of the latest robots on the market, the FAP Turbo offers a staggering draw down rate of just 0.35%! Of course as this is a new product, it will take a while to see if this is actually for real, but if it is then that puts it light years ahead of others on the market. When investing, go for low draw down first, everything else second.
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Everyone who is anyone wants a piece of the Forex market these days. Its popularity is surely as a result of its all day access, as opposed to the restrictive hours of the stock market. It is more accessible, and with some brokers accepting initial capital as low as 50 dollars, it is not an elite market.
Forex robots are now quick and very easy to install, various experienced traders taking advantage of the market’s ever increasing clientele. All of these robots offer a massive return on investment, but what you should also focus on is the issue of draw down. Does your robot cut draw down or is it a major drawback for you?
Draw down is essentially the largest amount that is at risk, therefore the absolute maximum you can lose if your robots makes a poor trade decision. Irrespective of how good your software is, you WILL lose money on the market at some point, it is inevitable.
The Forex market is, and always will be one assumes impossible to predict with 100% percent accuracy. Even the best robots will lose as the Forex market is not based on maths. A number of Forex robots are made by computer programmers and maths wizards, not necessarily market experts.
So clearly, the best Forex robot to purchase is the one that provides the least draw down. Some robots out there have a draw down of over 40%! Even if it has an accuracy of 95% in trades you may still lose out in the long term. Its wins in trade may only be tiny, whereas each of its losses might be 40% of your investment or more.
You should be looking for a robot that offers a 10% draw down rate or less. One of the latest robots on the market, the FAP Turbo offers a staggering draw down rate of just 0.35%! Of course as this is a new product, it will take a while to see if this is actually for real, but if it is then that puts it light years ahead of others on the market. When investing, go for low draw down first, everything else second.
Website content