Forex Trading: Forex Maestro Forex Trading Report

With the downturn n the economy, layoffs and downturn in the housing market, many people have been turning to different ways to make money. One favorite opportunity is trading forex

from home. Forex trading has always been the reserve of major banks and large financial institutions but due to the rise of the world wide web and the arrival of forex brokers offering trading online accounts. Forex trading online has grown into a new income oppurtunity. Even though trading forex can be extremely lucrative it also carries the real risk and requires a high level of understanding and experience.

However in tandum with the rise in trading from home has fostered the birth of robot trading forex software running on common home computers using broadband. These are refered to as forex robots or expert advisors. A expert advisor is often a software plugin that runs inside the trading platform called MT4. Many forex brokers today enable traders to connect to their accounts via the MT4 software. The basic idea behind the expert advisor is to do complete computations of trends and currency movements and buy and sell automatically without the need of human invention. With this level of automation it’s not necesary to have detailed understanding, eduction or skill in trading forex in order to be successful. Most forex robots include step by step guides so users are able to make a start quickly allowing people to begin practice trading virtually within minutes of downloading the EA.

When I first heard about FAP Turbo what shocked me the most was its price. How was it possible for a forex robot this powerful be so inexpensive? Not long ago, software this advanced would have easily cost 10 times as much. Can this inexpensive expert advisor really make money when put against giant financial and their armies of professional traders? It doesn’t seem possible but technology just doesn’t stand still and the internet is constantly bringing about new opportunities that were once undreamed of.

For my full FAPTurbo review and exclusive bonus, please visit FAPTurboReview. This bonus is limited to the first 20 people who use my link to test drive this astounding Forex trading robot for themselves.

A new comer to Forex automation is Forex Maestro which integrates a scalper method by way of its CIM or Counter-Initive Movement. Due to its consistant performance as a scalper it has quickly become very popular among forex online traders.

The Forex Meastro Scalping configuration is very profitable. Despite the fact that the take profit value is very small, the scalper mode is exceedingly profitable. You can often double your balance in just a few weeks, even with the most prudent settings of the program.

Here’s a quick run down on the Maestro expert advisor. This is a scalper expert advisor. It has been preset to trade on the the EUR USD, USD CAD, USD CHF and EUR GBP currency pairs. This is very active expert advisor and it trades frequently throughout the day. It uses a unique strategy of counter intuitive trading. When the trend moves against it, it places another trade increase its profit when the movement reverses. This strategy can produce strings of winning trades during. This can also be a risky strategy. During a big swings against it, can result in big draw downs. This would not be a expert advisor you should use live, unless you have fully tested it on a demo account, have previous trading experience, and have setup a appropriate stop loss setting.

Always make sure you do full tests of your expert advisor, back test and run it with a demo account first before you start live trading.

If you seeking slower, solid and low risk forex trading, there is a truely top end expert advisor that minimizes risk and maximizes long term profits. For more information you should visit GOMega Xray from Quantum Research. This EA will be available for 3 days only from March 19th to the 21st 2009. Even though Xray is a high end Forex trading EA, Quantum Research have put together a free report on how to why your choice of broker is important in the forex market GoMega download