If you don’t know what forex trading is, let me go through it quickly so that we’re on the same page. Forex trading is a foreign currency market where currency pairs are traded against each other. It’s similar to stock market only it is more volatile and easier to start trading. There are forex brokers that are as easy to start as creating an email account.

So, should you start trading then given it’s so simple? This comes down to what you want to do online. In my last post I’ve outlines three different user types that have different wants and abilities as far as making money online. This applies to forex too. It’s important to understand that when it comes to financial investing, there’s a substantial risk. You should never risk what you can’t afford to lose, so it’s only for those who have money to invest.

Once again, I would rule out the casual user who wants some extra cash. They are likely only to lose money in forex because they will not find the time to learn it and money to invest. Skilled professionals might want to get in on it if just to make some extra dollar on top of what they already earn.

Entrepreneurs probably are the best suited type for this too. It’s natural for them to take a risk and they find a way to get capital to invest. So forex is a great place to invest money online to them.

I was wondering if I had to choose one Forex trading robot that I think is the best to make money online, what would that be? After giving it a little thought and reading up online, I’ve come to conclusion that it must be FAP Turbo, and here’s why.

FAP Turbo is a sequel to one of the first commercial Forex automated trading software, and it has a good past record. It is very widely used and has a lot of people having good results. It is still the most searched robot on Google, even after a year since it’s release. There doesn’t seem to be stopping it.

If I had to choose one, this software would be it.

It doesn’t happen often that a Forex robot for long term would be released. Usually they target short term profits and try to enchant us with fast profit promises. But a smart trader knows that it’s long term profit that matters. StealPips is a Forex robot that does both. It has a short term strategy for rather fast profit and long term profit for long term profit.

I don’t know if it works well as it is completely new, but it looks interesting. If it works correctly in both terms, it can prove to be a good money earner.

The new forex trading system and course Unlimited Forex Wealth will be released soon and many people say it’s “the next big thing”. It will teach us how to trade forex manually, but not just some basic stuff – it will show us exactly how to identify and make trades, we’ll get an exact system and strategy to trade with and it will only take 10 minutes per day to use it.

Sounds good, and there haven’t been many good manual trading courses lately. The market seems to be saturated with forex robots, which to be honest, rarely work as you’d expect them to. So it’s definitely worth checking out if you’re interested in forex trading.

A new Forex robot has appeared, it’s called Pip Android. Why it is interesting is because unlike most other robots, it shows us live trading statements as proof that it works. And that’s very important because otherwise there are lots of poor robots on the market that really all they do is lose money.

So this one is worth checking out even if just because the proof it provides looks good. Additionally it has some good features like artificial intelligence and ability to work in different market conditions. It’s also fully automatic so it should not take away time from your day after the initial set up.

If you do want to try this robot, I urge you to test it first on a demo account before jumping on trading your money. As good as it sounds, you have to make sure it really works for you.

There are a lot of new Forex robots released every month, and I tend to filter them out – most of them aren’t that good anyway. Especially I look for the proof of trading, that is the live trading statements. More often than not, these robots don’t provide such proof, which makes me wonder. If it’s a good robot then a proof like that is surely to help people make up their minds. If it looks like they don’t have anything to show, they probably don’t.

So anyway, I’m writing because I’ve got an email about USDBOT and it does have the live trading statements for proof. That’s a very good sign and can mean that this software can make some money. Of course, no proof can guarantee future results – this is investing and there’s always risk. Nonetheless, it may be worth checking out, even if just out of curiosity.