Question by Brad J: What is the best and most respected software available to help predict the currency market.?
I have heard that robots are good but also some are scams. I’m new to currency trading and want to get off on the right foot. Any help would be great.
Best answer:
Answer by al_trebek
Don’t use a robot. Many firms on wallstreet are able to make small arbitrage profits on currency exchanges because they have a direct line into exchange rate data. Your computer would be too far away and too slow for a robot to make you money. These arbitrage opprotunities are balanced out in split seconds. Insetad I would recommend doing research on the economies whos currency you want to exchange and then speculate how you think the exchange rate will move.
What do you think? Answer below!
One Response
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Xelam Says:
stay away from all these robots and whatever computerized software being marketed today. the participants in the forex market are so huge and the rate changes at the blink of an eye that before you knew it the signal given to you is already way behind the current rate. your hands on monitoring and personal assessment of the market trend is a lot more reliable.
should you wish you can check your options in this site where you can actively discuss your strategies, methods and tactics with a live personal Account Service Manager (ASM). your ASM is a real human being and is an expert forex trader and would be available to discuss with you anything you want to learn and would even trade with you until you get familiar with their system.
