Foreign exchange trading can be highly rewarding; however, most individuals fail in this industry due to its highly unpredictable and unforgiving market. Luckily, several software applications exist that provide individuals with steady profits from forex trading – one such being GPS forex robot.
Once your purchase has been processed, the software can be easily downloaded from its provider’s website and saved to your desktop computer. From there it can be imported into MT4, the platform used by most forex brokers, by using your broker credentials to log into it before selecting “expert advisor” tab to import from computer file. It is recommended to save it somewhere easily accessible on your hard drive.
The GPS forex robot is touted as being an industry-leading program that can help its users make consistent profits. According to its website, users have reported making up to PS1,100 per day from 20 minutes of trading or less using this automated robot system – an impressive win rate for an automated trading robot!
There are, however, some potential drawbacks of using this software. First of all, high volatility can devastate small accounts quickly. Mistraders or overly aggressive traders could cause further losses; furthermore it uses a Martingale strategy which may lead to large losses depending on market volatility.
The GPS forex robot price is relatively reasonable at just $149 for an annual license that includes updates. There is no rebilling or subscription. With this purchase you can use it on unlimited demo accounts and one live account for this price.