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Forex Grid Trader EA Review – Does It Really Work or Not?
Forex Grid Trader EA is an expert advisor (robot) for the Meta Trader 4 platform. It makes trades on the Foreign Exchange market automatically, and is designed to be 100% automated. It was professionally designed and developed by a team of market analysts and works on ECN and dealing desk brokers.
The author of the product, Gabor, claims to have had impressive results and provides live proofs on his website. He says: ” Forex Grid Trader is the result of years of innovative research into automated trading of the Forex Market”.
Forex Grid Trader expert advisor uses a simple approach to automatic trading and has only been sucessful over series of tests. This expert advisor offers a unique money management technique that chases the price to maximize your gains.
- Designed to suit every trader’s needs, from the novice to the professional
- 100% automated, hands free, requires absolutely no human intervention
- Professionally designed and developed by a team of market analysts.
- Works on ECN and Dealing Desk Brokers
- User friendly installation manual
What is Forex?
The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements
What is EA (Expert Advisor)?
Expert Advisors (EA) are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.
I have no experience with Forex Robots. Is it easy to use?
Yes, it is easy to use. Forex Grid Trader EA is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.
Where can I download MT4 (Metatrader 4) trading platform?
MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers: FXCM, FXDD, Alpari NZ, Alpari UK, IBFX, FXOpen, FXPro.
I don’t have much money. What is the minimum amount needed to start trading?
We know that the money are the main question. We know well that many people don’t have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $100-$500. But don’t forget the fact that trading with a small amount may be disadvantage because you will only be able to trade the market in small sizes. The recommended capital is $1,000-$5,000 of course you can test it with Demo account first.