Robots were introduced into the Forex set up to tackle the difficulties that technicality introduced into Forex trading. For days on end, Forex trading remained to the confines of professional traders; those who understood each and every aspect of the tough trend lines and candlestick patterns. Today, Forex is a daily industry of 3 trillion dollars. This could not be achieved without pushing even the novices and amateurs into the trading world. This has largely been made possible by the automated Forex pilots who have robotized the way we see Forex.
Forex claims a few robots can trade profitably with 100% accuracy, like Ivybot. Some others with 94% accuracy like Forex Megadroid and 96% like FAP Turbo, though, the accuracy rates are debatable to an extent because the robots rely on past market pattern to analyse the market. With unexpected market changes, which may be comparatively new to the robot, accuracy in predicting possible positive trades may vary. They are tested and have proved to give profitable results at both demo and live accounts.
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Traders have an assurance that with the use of these automated forex robots, it will lessen the threat of losing their deals. At the same time it can maximize their earnings since it has a program that monitors and decide dealings based on its mathematical ability. Even if you are a neophyte in trading there is a promise of least 95 percent that you will be successful in your dealings and earn higher income.
The flipside is that offshore manufacturing leads to job losses in the manufacturer’s country of origin, but then this again creates an extra incentive for those workers who have lost jobs to work hard so as to scale the high value jobs which their country has a comparative advantage to produce.
The Forex Carnage robot is one of these trading robots. James Terry, who developed the Carnage robot, discovered that most of the people trading the currency market don’t understand or even use the basic market drivers of the currency market. One of the most important drivers of the FX market is volatility because it creates the real opportunities (read, your chance to make the best profit). It is also one of the drivers which is ignored by the so-called guru’s because it takes more ability to increase your FX profits. James Terry translated the ’volatility concept’ into the MT4 programming language and integrated it into the Forex Carnage robot.