Welcome to CyberMentors.org.uk. I am Collin Tyusm and this is my blog, dedicated to online forex trading and software. If you are here, that means you are interested in forex and auto trading. You have reached the place that wants to put an end to malicious practices when it comes to trading online.
The market is flooded with various and different systems that claim legitimacy and promise high profitability, enormous returns, and fantastic success rates. But after years of witnessing and in the worst case – falling victims to numerous scams and losing a lot of our investments to fraud, we should know better.
Forex trading includes the investments in digital assets – currency pairs, on a decentralized global market. It has no physical location, the exchange is situated online.
I created this blog in order to be of help to newbies as well as experienced traders. I want to provide you with a basic understanding of what forex trading is, what is the difference between brokers and robots, and how the investment process works. If there are more things that interest you and you want to be explained, do not hesitate to contact me.
Table of Contents
The Importance of Basic Forex Knowledge
Potential online investors become a victim of scams because they lack enough information. Most people who are nowadays attracted to forex trading are novices. This is due to the fact that the industry has become more user-friendly and accessible from everywhere. You can participate regardless of your level of knowledge and experience.
This has opened the doors for scam systems and broker platforms to enter the industry undetected. Most of them appear with a good outlook and provide attractive offers. Some operate without a license while the procedures for licensing end, others never even apply for receiving a license. Eventually, it becomes clear that many, if not most, are a scam.
People from the community closely monitor the developments in the industry so that they can provide an adequate and unbiased assessment of the quality of the different solutions. I am an investigator from the community with years of experience behind my back. My expertise covers all changes in the online trading industry and I have an extensive experience in the field. This has helped me understand and easily discover the signs of scam. On this website, you can get free access to both educational resources regarding the industry, and unbiased and detailed reviews on the various forex robots and forex brokers currently operating.
Online forex trading is a very attractive field since it seems very easy and intuitive. But traders should keep in mind that there is always risk involved. Risk, that should not be underestimated and investors need to take into consideration in order to make profits instead of accumulating losses. Having proper insights and understanding of what forex trading is and how this unconventional type of investments work, can help one reap the juiciest fruit out of this field.
If you are able to grasp the idea and the depth of forex investments, you are all set to gain the exotic results that this trading opportunity has to offer. I have provided you with information on some of the most important things you need to know about the industry in order to get the best results out of your trading decisions.
What Is Forex Robot?
The so-called Forex robots provide a remarkable opportunity for both beginners and experts. These are automated traders type of solution. They have been created with the purpose of optimizing your results and enhancing your investment experience. These robots are universal because of two reasons:
- They work automatically – that is why they are preferred by beginners. The autopilot features of these robots allow for people with no experience to trade without having to worry about making analyses, investment decisions, and managing risks.
- They are sophisticated – a forex robot would be suitable for experienced investors as well because the best systems have been equipped with additional features. These features help professionals optimize their experience even further and they allow for the creation of new strategies.
If a forex robot is considered to be among the best available in the industry, then it has some very specific special feature and has been created using cutting-edge technology. Currently, the best forex robot I would suggest is the QProfit System forex software developed by Jerry Douglas. It has an almost unmatched success and accuracy rate, its customer support is one of the best in the industry, available 24/7, and it has proven itself to be working properly time and time again.
Specifics of Trading with a Forex Robot
Even though these systems are known and liked for their auto-trading features, you can choose whether to use the autopilot or make manual investments with most of them. If you want to use your forex robot manually, look for one that offers this opportunity as well.
Here are the top alternatives for making online forex investments:
- QProfit System – created by Jerry Douglas, this is the system that closed 2017 as a leader in the online forex trading industry. All thanks to its sophisticated features and used technology.
- HBSwiss – this is the second most popular forex robot of 2017, created with an attention to the detail by Hans Berger and his professional Swiss team.
- FinTech Ltd. – a recognized industry leader that has been the star of the past two years. Even though competition for it has been hard, the software by Daniel Roberts is still one of the best forex robots you can sign up for.
- 1K Daily Profit – the auto-trading software by John Becker has been a preferred tool for years. This is all thanks to its ability to generate consistent and solid results on a daily basis for all of its customers worldwide.
What Is Forex Broker?
Usually, a forex robot operates as an intermediary between you and what is known as a forex broker. You can participate in FX trading directly through a forex broker platform. The main difference is that most brokerage houses do not offer auto-trading features.
To put it in simple terms, a forex broker is a company that gives you direct access to the online currency market. You can participate in forex trading 24 hours a day. Most brokers make sure to create a user-friendly and secure environment, so that their clients can feel safe and at ease when using the platforms. If a forex broker is considered to be among the best, it is going to possess a license for conducting operations and is going to be heavily regulated by global financial authorities.
Forex Trading Platforms
The most popular platform used for FX trading is the MetaTrader 4. It is an award-winning software you can use to make analyses or observe available ones, follow experts, and discover an advisor. But most forex brokers have already made it possible to trade directly in your browser without the need to download additional software and platforms.
Here are the top choices for a forex broker you can currently choose from:
- IQOption – known as one of the most trustworthy platforms, the IQOption forex broker is a safe choice for both newbies and professionals. It also accepts one of the lowest minimum starting deposits, and provides a demo account.
- KayaFX – the forex broker became popular with its user-friendly interface and additional trading features and opportunities that enhance your experience. The broker also made available the trading of cryptocurrencies.
- MaxCFD – this is among the best CFD trading platforms. The forex broker is carefully optimized and offers a wide variety of opportunities. You can trade with more than 150 assets which makes it one of the best-developed forex brokers.
- eToro – this forex broker became known for its advantageous opportunities and trading conditions. It offers the clients of the platform various trade-enhancing features that can greatly optimize your efforts when investing, including Social & Copy Trading.
Something to Keep in Mind
There is a single rule of thumb you need to remember if you decide to start forex trading. Profits and Losses go hand in hand. You should be mentally and emotionally prepared not to win every time. But if you have made sure to make an informed decision and you have chosen a reliable and legit forex robot or a forex broker, you can rest assured that your investment experience is going to be worth your while.
Freely and regularly read my blog. I have created it for the sole purpose of providing insights into the various trading solutions that the market can offer nowadays. It is my hope that the materials and reviews I compile based on my experience, observations, and trade-testing to be of great help to you!