I came across a site that talked about forex trading to make money & it took me to a site that sells an automated forex trader, skeptical I googled it & it got good reviews. But if I do purchase this forex trading system what else do I have to do to start making money? Do I have to open an account? What exactly do I have to do? I'm completely new to this. (all criticism & unrelated answers will be ignored v_v)

Answer
Hello,

I see you are very green in Forex trading.

First of all, do not pick up the first one automated Forex system.
Here are a lot of them. As a Forex software developer, see mine Forex robots and strategies.

Here are websites:
* http://www.forexeasystems.com/
* http://forexthor.com/

Before any Forex trading, I advise you to learn the basics of Forex trading at Babypips school.
There you will learn the basic structure as well as get knowledge how to implement technical analysis in your trading, and so on.

Next your step is to choose the right broker. It's not a secret that choosing the "right" broker is 75% of your success. Here is the article: http://pipburner.com/choosing-a-forex-broker-using-a-rating-system/

Alternatively, browse through the internet and find feedback about Forex brokers.
Then, try to practice with your new Forex software on demo account (not real money account).
If software doesn't work for you, make a refund.

REMEMBER, high-quality software has at least 30 days refund policy. If it doesn't, stay away.

Only after all these stages, start trading on real account.

Best regards,
Alexander.

What is the Best Automated Forex Trading System Out There?

Hi everyone!

I am relatively new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. There are so many though! Can anyone suggest like a good one, based on personal experience?

Thank you!

Answer
anav, A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Maybe this blog can help. http://www.whatisforextrading.com/blog/ Remember, no trading will be full proof, so be cautious about the claims some trading systems make.