At the last count there were over 40 commercial forex robots available on the market which makes it very hard to choose the best one to suit your needs. To make matters worse every week there seems to be new forex robots which need to be analyzed and checked out and with no track record to check it's difficult to know if they are worth buying. Similarly, you even need to be careful with forex robots that are a few months old and are reporting exceptional returns because it may just be that the market conditions are just right for this robot. There are also forex robots on the market that have been giving consistent returns for many years but don't make headlines like Forex MegaDroid which has returned over 2,000% profit since 2009. Some of the exciting newcomers in to this market are Metapro Forex, Supreme Complexity and Machine Learning

Forex robot software is making waves in the forex industry by enabling amateur traders to make money without having the years of experience and training that traditional traders have. A forex robot could help you make money or improve your trading by removing the emotional element when it comes to forex trading. However, before you race ahead and buy a robot you first need to understand how they work and how they can help you. Sometimes you will see forex robots referred to as Expert Advisors or EA's. This is in reference to the name given to robots by a popular forex trading platform. Essentially forex robots are like Expert Advisors because like a forex expert, they can tell you which currency to trade, when to get in and when to get out, some robots can even execute these trades automatically if you let them and it can work in the

Many years ago there was a forex robot called Forex Auto Pilot, it worked but was becoming dated. Then a group of traders and programmers came along and used the robot engine to build FAP Turbo. The biggest changes it brought was the ability to work with any currency and with any strategy giving it a level of flexibility never seen before in a forex robot. Of course, this flexibility can be seen as both an advantage and disadvantage as it doesn't specialize on a particular currency pair. Basically the FAP Turbo forex robot is perfect for someone who doesn't mind trading multiple currency pairs and is happy to trade frequently across small price movements. Inline with the many claims made by the website, many users are reporting an average of 80-90% winning trades when using this forex robot which is very high indeed, although the website claims 99% success rate

One of the most talked about forex robots on the market is Forex MegaDroid. The people behind the software, Albert Perrie and John Grace, claim that they have over 38 years of combined experience trading on the forex markets. It is marketed as the ultimate forex robot because it works across multiple currency pairs, has a winning accuracy over 95% and can operate in trending, non-trending, volatile and non-volatile markets with the same level of performance. Since the MegaDroid forex robot was released on 30th March 2009 it has proven in this short amount of time that it is a remarkable robot and has a spooky ability to predict market movements with 81% accuracy 2-4 hours before they actually occur, which has unsettled more than a few experienced traders. Since it launched, the robot has made nearly 3,000% profit and has never lost any capital. The owners truly put their money