Hi everyone. I am from the UK, 57 years old and looking for a means to supplement my pension. I am here and looking to learn from those more knowledgeable than myself. I know NOTHING of forex just the hype. So tell me, as a novice, what robot would you recommend that a learner like myself begin and learn with? How do I find a broker? I dont need to earn a fortune, although it would be nice, just as I said before a supplement to my pension.
Thanks for any help offered.
Alan

I have tried many robots and lost many lots. I highly recommend the altered Stealth indicaters on this forum under commercial systems and the THV system on forex factory forum. Trade those after learning on demo

Forget robots. I highly recommend TheOilBiz. Do Not look further!

__________________

-=Think outside of the box=-

I don't think you need a ROBOT. What you really need is a SYSTEM that you can rely on and start exploring the world of forex.

For beginners, I recommend a technique called the INSTANT PIP PROFIT, as shown in this video:

http://www.ifxprofits.com/StepByStep.php

And here is a document for more details on the technique:

http://www.ifxprofits.com/doc/spotfx...strategies.pdf

There is difference in exact setups between the video and the pdf, but you can get the idea.

You better use it on daily charts. You should also use sterling pairs like GBPUSD and GBPJPY.

As for brokers, if you have large deposit as much as USD 5000, I recommend to start a account in MIGFX. If you can't afford that, FXPro will be a good choice.

If you can do the above, you won't need more than 5 mins a day to trade. While not looking at the charts, I guess you better read as many books on forex as possible to increase your knowledge in the area.

There is actually a course I may recommend, if you don't mind spending over 1000 US dollars (!!) on it. Honestly it may be worth a bit less than its price, but it covers everything a beginner need to know:

http://www.ifxprofits.com/only500sets.php

[If you like the information above, please click the "thanks" button just below the text ]

Attached Files

spotfxtradingstrategies.pdf (134.8 KB, 17 views)

Also check this.

__________________

-=Think outside of the box=-

forex robots is not at all recommended they advertise the product like this is the only tools which can earn you profit without any sheer efforts. look friend........ without effort nothing can be achieved. You must trust on your skills and not any programmed machine. If you are interested in forex i will suggest to enroll under some forex trading courses. Just check the link
http://www.avafx.com/ota/ and enroll yourself in this trading course.

Ganglion, I am not familiar with MIGFX. What are the pros with them? :confused:

The pros are:

- very good reviews online
- low spreads
- good customer support
- have professional account with extra features
- similar timezone to London with same DST adjustment (if you trade the London Forex Rush System)
- MT4 platform available

The cons:

- They don't like scalpers! (No FapTurbo!)
- High entrance fee (but I think it's worth it)

If you really need to get a robot to start I would recommend FAPTURBO. Right now one license cost $149.

I still prefer that you learn forex trading started from the basic. Forex is a risky market and you may easily lose money without some basic fundamental knowledge.

__________________
LiteForex - MT4 forex trading platform, low fixed spread.

you are recommending fapturbo let me share my experience with them. I used fap turbo for almost 2 months on my live account and I must say I was very unconvinced with the performance of Fapturbo. I lost at the start, later I made couple of big once, and then I decided to add more money to my account that was a blunder I lost $160. Now I do not know whose fault is this whether my broker logging me off or the software is a crap. I also noticed that this software takes the trade, which I never ever take. It just does opposite; when I thought of buy the software sells and exactly vice-versa. Scalping strategy works with Fapturbo to generate some pips but one bad trade can wipe out all your gains. Keep your money in check and do not trust the software much…