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    What’s a decent forex broker which is not a seedy bucket shop but still not to high priced?

    I want something that I can start off with with around $500 or so just so I can learn the ropes and make my little trades. I’ve read warnings about certain forex brokers which are unregulated bucket shops and aren’t insured properly either. But are there any decent forex brokers which don’t charge terribly high fees but still are decent?

    First, you aren’t going to be a talking to a broker. With forex, you will have an account with a dealer who will be taking the other side of your trades.

    Second, since they are dealers, they make their money off the spread, not by charging fees or commissions.

    Third, they are not banks or brokers, so there is no such thing as "proper insurance".

    If you want to learn how the trades work google "forex" and you will see a list of dealers. Any legit dealer will give you a demo account free for 30 days.

    Since forex is not governed by law anybody can be a forex dealer, but all the legitimate ones voluntarily register with the National Futures Association even though they don’t have to because they are not actually futures brokers.

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    I recently started reading about forex robots that do forex trading for you and make profits as a result. I decided that this was interesting enough to investigate further.

    Basically, I have seen a number of these robots on the internet, all of which have been highly recommended by various sources. Can anyone recommend a forex robot that would work well for me?

    If I do decide to do automated forex trading, I can only give an initial investment of about $200, so it has to be a robot that can work with small deposits. Also, I would prefer this robot to be fully automated, though I’m open to accepting robots which require some management. If the robot is free, I would also prefer that, though I don’t mind paying for it (why do these people need to charge money for a system that is used to make an income?). While I’m at it, can anyone suggest a forex trader that will accept a deposit that small, allows trial runs on a free account, is registered with the NFA (http://www.nfa.futures.org/ ) and the CFTC (http://www.cftc.gov/ ) and is compatible with the selected robot?

    So that is my question. I am aware that there are people that will try to use their answer to promote the product of their choice (even if it means lying) and will earn some commission when I purchase the robot. So I have to set some rules for the answers provided here:
    No Affiliate links or links to sites with affiliate links,
    No redirect pages
    No testimonies from people who haven’t used the forex robot mentioned in their answer.

    I already know where some of the more well known forex robots are found and a search engine can probably find me the rest. As a result of these rules, there is no reason for anyone to give a glowing testimony they would usually use to sell the robot, since said people aren’t allowed to use affiliate links and hence can’t earn commission from a sale. If you need to put a link to the forex robot’s main web page, use the actual page’s address instead of one with your affiliate link in it. And don’t put the link to the page in a redirect link (such as Tiny URL.com) because that can be used to hide an affiliate link.

    The third rule also applies to people who haven’t used forex robots because they think they are scams. I would prefer answers from people that have genuinely used a robot and can share their real experiences with it.

    So that is my question. I say thank you to everyone who decides to answer my question.

    http://bizsolbiz.com

    i hope that resolve your problem.
    It didn’t! It’s a search engine.

    http://bizsolbiz.com

    i hope that resolve your problem.
    - Unfortunately it didn’t help me! It appears to be a search engine and the only info on Forex I found was one paragraph with no link to products or more info.
    @Gobbler
    - Like I said in my question, I would prefer a negative answer from someone who has actually had a bad experience with forex robots. The reason for this is that you, for example, might say that forex robots are scams when in reality, they are actually real money makers. And because someone like you scared me off with a negative opinion, I never get to utilise this income opportunity. I agree that there are scams that are labelled as legitimate income opportunuites, but on the other hand, the same logic holds that there are legitimate income opportunuites that might get labelled as scams.
    no robots trading .honestly they dont work.
    my advise is use any auto trading strategy.now a days forex yard started auto trading strategy by proffessionals. u can find here more use full info about it

    http://forexplatformslist.com

    - Thank you for that. Have you personally used a forex robot? As for forex yard, your link was a bit unclear as to what it actually involves. I know that forex robots interact with your forex account to buy and sell forex for you at a profit. How does forex yard do automatic trading though? Could you please provide me with more info in this regard?
    @Advisor
    Thank you for your answer. Unfortunately, the website you linked to has an affiliate link (most likely yours) to the product’s page. I clearly said, "No Affiliate links or links to sites with affiliate links", which you have done in your answer.

    You are correct, I am a careful person. That is why I now have serious concerns about the quality of your answer. Not eligible for Best Answer award!
    @Livermore
    The best recommendation I can give you is this one: Forget Forex Robots. They are useless.
    - Do you say that forex robots are useless because you have used some and they didn’t work or because you have made an assumption? Please provide evidence that they are useless. That goes for Jack as well.
    Just some more comments for Julie:
    Paragraph 1:
    - You do have a point there.

    2: That’s why I made the "No affiliate links" rule. That way, their lies won’t earn them a commission. In fact, I just dismissed one answer here because they put an affiliate link in their answer. There is no way I am going to trust their answer, even if the affiliate link is removed.

    3: That might be correct as well. In their defense though, it is common knowledge that you should test the forex robot on a demo account before you invest real money into it. Hence, the people who use the robot should have more than enough warning that it doesn’t work before they start bragging about their sucesses.

    4: Could just be a marketing technique. They go to any measure to convince people that their product is the best, even if it means lying about their competitors.

    5: That’s why this question exists, to get that proof. Furthermore, can you please share the details for the forex robots you HAVE tried in the past?

    The best recommendation I can give you is this one: Forget Forex Robots. They are useless. If you want to make money in Forex, work on it and develop your own trading system.

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    December 21st, 2009 by admin

    Dear All, one of my friend is insisting me to invest in Forex trading , Company Name is Instant forex
    www.instantforex.biz. is it safe for log time, what r various scheme available in forex and how much return we can get monthly/quartely/yearly.

    pls advice

    Forex is quite risky as trades are influenced by economic news and decisions that come at the start the major trading sessions. Demo trade your strategies first for around 2-3 months. Only then should you open a real account with a regulated broker.

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