Is the Forex Megadroid Robot really a good strategy for profitable forex trading?
As a person who was still looking for the ‘Holy Grail’ of forex trading, it was a something I had asked myself not too long ago when I first came across the idea of Automated Forex Trading.
I had been finding it hard to make any significant profit from forex trading since I took it up some 12 months or so ago, not least because I had a demanding full time job and a family that took up most of my time. I was desperate to escape from the 9 – 5 work trap I was in, and determined to find a way to earn a living off of forex.
The Forex Megadroid Robot, whilst not being the only automated trading robot in the world, seemed like it could be the answer I was searching for. The main problem was that a part of me knew how dangerous a gamble it could be, and every time I seriously considered giving it a go I found this cautious part of me screaming its protest:
You cannot trust a robot to gamble with your money!
Any sane human being would have these same reservations, but then I discovered something from the Forex Megadroid Robot website that made me reconsider. Something that meant I could actually test the robot out risk free.
My main fear was that I would set this robot up on my forex trading account, come back the next day and find it had gambled away my entire trading balance on losing trades, and my dreams of finding success in forex trading would be dead in the water.
What changed my outlook was that not only does the Forex Megadroid Robot come with several risk/profitability settings, meaning you could set it to the low risk setting to test it out, but you can also actually test it out without risking a single bean. How?
You can even try it out on a demo account!
Only when you are fully satisfied that the robot really works do you actually have to risk anything by then using it on a live account, and you don’t have to do this until you are positive doing so carries absolutely no risk.
I myself have been trading with it on a live account for a several months now, and I have to say that it has consistently made profitable trades on the lower risk setting.
Of course, I haven’t been able to make the kind of massive amounts their website claims you can, but then again I have only yet tried it out on the lower risk settings. My next step is to slowly try out the more aggressive higher settings, and who knows how much it will make then!
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