Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

sonjeriff

What is the Best Automated Forex Trading Software for Beginners?

Recommended Posts

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

Share this post


Link to post
Share on other sites
I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

 

You deserve metatrader.

Share this post


Link to post
Share on other sites

kiwi, can you elaborate? i know you use sierra and i use sierra now but am not impressed with the selection of forex brokers that i can trade via sierra. currently trade futures via TT FIX with sierra on a discretionary entry/exit after getting an automated alert during times when i may be at home or awake.

 

i would like to try a fully automated system (but obviously with much less leverage in testing mode), so thought about doing a trial run with a micro account. but the options are limited for sierra so i started looking to metatrader. what don't you like about it? i am also not impressed with the backtesting in sierra, although i do like the acsi a lot.

Share this post


Link to post
Share on other sites
I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

 

The only automated trading programs that I know of that are successful are the ones that are made by traders and programmers for their own trading purposes, or are licensed for 6, 7, or 8 figure sums to investment banking firms to use.

 

in other words, they are all proprietary.

 

Unless your the guy who developed the strategy on which the automated system trades, then your not even trying your luck if you use one of these you can buy on the net for a few hundered dollars.

 

you have much better odds of taking that money and putting it on red or even in vegas, and spinning one time. No joke... not even being cynical. just putting it in perspective for you.

 

and by the way... tossing a baseball at the lever that dunks the clowns at the fair is something you "try your luck at".

 

forex, and trading in general, is a knowledge business that you learn and develop over several years, complete with business plan, investment capital, and an internal burning desire to accomplish a difficult, all encompassing challenge that you will find is somewhat akin to making a long term relationship (like a marriage) work out successfully for years and years. this requires constant development, passion for the relationship, a deep desire to improve every mistake you can identify, from now until you stop trading, and very likely a need to genuinely enjoy the challenge of the worlds capital markets.

 

I say this all so again, you have a REALISTIC understanding of what it will require of you to be able to take a small amount of money and become a full time, successful trader.

 

Luck frankly, will play less a roll in your success or failure as a trader than it will in possibly any other industry you could ever try to achieve it. this is the industry of anti-luck.

 

But I wish you well :)

Share this post


Link to post
Share on other sites
What do you mean by "automated" - you want the software to place trades for you? People selling trading systems are generally scammers (not all but good luck figuring out who is who). Learn to trade or go to Vegas.

 

Good advice Yertle. Robot trading is not advisable one for good traders because if we use robot for trading,we don't get any knowledge and experience in our currency pairs.robot is just software programs it doesn't know how our investment is important to us.:crap:

Share this post


Link to post
Share on other sites
What do you mean by "automated" - you want the software to place trades for you? People selling trading systems are generally scammers (not all but good luck figuring out who is who). Learn to trade or go to Vegas.

 

guess he has no idea what he is talking about..yahoo, answers, forex :rofl:

Share this post


Link to post
Share on other sites
-Forex Robot TFOT Real account monitoring.

-Last version 5.0 - contains forex neural net filter based on BackPropagation Neural Network. Neurons are organized in a level-by-level structure with a direct signal transmission.

-Short description attachment.

 

Oh this is cool to find this thread on my first day here. Does anyone have any experience with the automated trade software called PREDIGIO? It works on both equities, Spot Forex and Futures and its completely free. Looks like a hell of a piece of software, you dont need any coding knowledge, just a connect the blocks kind of thing, yet I cant seem to get it off the ground. Coding and I don't mix well. Maybe one of you could go try it or look at the website. After all, its free. And no, I have nooooooo affiliation with them. I just think its sad that something like that that is free( so far) is not even talked about,good or bad on Google or any other board. MAYBE WE CAN GET A THREAD ON THIS FREE SOFTWARE. I'D love to participate. Their website is :Prodigiorts.com

Share this post


Link to post
Share on other sites
-Forex Robot TFOT Real account monitoring.

-Last version 5.0 - contains forex neural net filter based on BackPropagation Neural Network. Neurons are organized in a level-by-level structure with a direct signal transmission.

-Short description attachment.

 

Dun, I went to watch the You Tube video on it and I posted this question:

 

Im very interested in this. But why whenever I pay for a neural network software that lets me tweak both the annual return and winning percentage on daily bars only do I wind up with plenty of stocks that have over 100% annual return in 2yrs of back testing, and cant even come close to break even in forward testing or present time real trading? Does this mean that every technical system must at some point crumble and lose? And if so, why?

 

How are you doing with this software? Can you answer my question, by some miracle? -)

Share this post


Link to post
Share on other sites
I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

 

It is the best if we can trade manually. To use automated trading software you also have to learn trading first to setup it. There are many robots and EA available . Some of them are free and also you have pay money for some of them . Read the article :Facts to be considered before picking a trading Robot .

Share this post


Link to post
Share on other sites

I don't believe 100 % in robots. But if you are using it- make sure that before choosing an automated trading system, ask yourself what type of trader are you? Are you a scalper, intraday trader etc? All the robots providers praise themselves with getting you amazing returns, but if you read between the lines, you realize that you must choose the robot which fits your trading style best.

 

Otherwise you're simply throwing your money out the window.

Share this post


Link to post
Share on other sites

Would you recommend an automated software to a novice.

 

I guess that the software doesnt make decisiona on its own but you must input parameters based on which orders will be sett.

Can a noob set up an automated system .

 

If someone inexperienced wants automated trades i would recommend a broker (an actual person)

Share this post


Link to post
Share on other sites

now im even more confused, like where do i start to learn about eas and the right EA to use, even though i have a programming background (ages ago) but i dont think i can use it. more like i do not remember :D will continue reading in hopes of finding my starting point.

Share this post


Link to post
Share on other sites
now im even more confused, like where do i start to learn about eas and the right EA to use, even though i have a programming background (ages ago) but i dont think i can use it. more like i do not remember :D will continue reading in hopes of finding my starting point.

 

I would say find yourself a manual trading strategy first...

if you dont have any words to say, why would you need a language;)

Share this post


Link to post
Share on other sites

I'm in a similar boat. I was looking at EA's to make trading easier, but realized I needed more knowledge (much more) before I took that step. Of course I'm all over the forums looking for tidbits, but it's a piecemeal approach and is taking longer than I'd like to feel competent.

 

I was looking at educational sights that offer classes and tips for a fee. Tradesight is one I was considering. Any thoughts?

Share this post


Link to post
Share on other sites

Ya when I was planning to try my luck in Forex market my friend recommended me to use an automated Forex Trading Software. I've been using this program for 2 years and with no complaints. Try your luck with tool hope it will be as useful as it is to me.

 

[b][color="Blue"]http://www.softwaredownloadcentre.com/software/strategy-quant-professional.php[/color][/b]

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.