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The following article was published in our article directory on October 14, 2011.
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Forex MegaDroid Review: Is MegaDroid Forex Really The Best?

Article Category: Business

Author Name: Helen C. Wilson

From the many foreign exchange robots, one software continuous to rise above them all—the Forex MegaDroid—generating much interest from the public even until today. Experienced traders call it their expert advisor, giving them the leverage they need to truly succeed in their craft. But what makes this robot truly a leader in the trading industry? Find out more from this Forex MegaDroid Review.

Before reading on, be warned however to look beyond the product's unattractive sales page, which can discount the high profit percentage that this robot generates. The 18,000 page users, who have conducted a live testing, report however that profit trades are at 98 percent. Makes you wonder though why they don't invest in a more appealing sales page given the robot's success.

The following are facts you need to know about the Forex software before being able to maximize on its use:

Mega-droid Forex uses Meta-trader. Because of the commonness of the Meta-trader with most brokers having the facility, they can give you demo accounts where you can try your strategies. Although Mega Droid is able to trade on most currencies, it trades best when you use the U.S.D. and E.U.R. pair as both are quite stable and well-traded. Being so, most brokers are able to afford you with a low spread. Best to look for a broker who can offer you with a spread of below 3.

The software can be easily set up within 5 minutes. Even traders who are not well-versed on the use of the computer as what most Forex MegaDroid Review would report that you are able to install the software within 5 minutes given the ease of instructions. There are a few things to take note of though on the Forex MegaDroid's default settings. First, make sure that you adjust the "Risk Level," originally set to 0, to your preference. Zero means you don't want to take any risk and as such, no trade will ensue. A 0.1 risk, however, will give you 10 percent risk every time you make a trade. Another is the "Recovery Mode" set to true, meaning when you have a losing trade, the robot would automatically double the next trade as a measure of recovering your losses. You would agree that this move could be risky.

The program runs while connected to the Internet. For you to trade, you should make sure that your computer is on at all times with a fairly stable Internet connection especially since a lot of trades are done overnight. A solution to this is to subscribe to separate hosting. Although this will entail you to pay a monthly subscription fee, the returns of your investment are ensured.

The Droid runs on different market conditions. This is the best feature of the software as compared to other robots that are made to run for a specific market condition, it does well even in varying conditions because of its algorithm based on years of trading experience. Each Forex MegaDroid Review can attest to the claim that the robot can help you pull off even the stickiest of situations in these times of market turmoil.

Keywords: Forex Megadroid Review, Forex Megadroid Scam,megadroid review, forex megadroid reviews, forex trading software

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