Does Forex Megadroid Deliver On Its Promises?
There has been a lot of buzz about the Forex Megadroid. But does this software offer a clear advantage, does it help your Forex trades, and is it worth the money you pay for it? In this article, I’ll answer all these questions but first let’s talk about the creators of this software.
This software has been created by Forex traders Albert Perrie and John Grace. Albert Perrie is a trader that started out with stocks and moved on to Forex, trading in the market since 1989. The co-founder John Grace was involved with Forex since 1991 and helped build multiple profitable Forex systems to help companies and financial firms trade effectively. So between the two of them, they have a combined 38 years of experience and a wealth of knowledge.
First let’s talk a little about the Forex trading industry. Forex has experienced a huge boom over the last few years because of the many benefits in this business opportunity. The first benefit is leverage. With a small margin deposit, it’s possible to control a larger total contract value. This allows traders to make huge returns on their investment while taking minimum risk.
The second benefit of Forex trading is the fact that you can quickly buy and sell without being stuck in a trade. That means you can get rid of currencies that you think are falling whenever you want. To minimize risk further, you can put a stop order if the value of a currency falls to a certain level so you instantly sell off any potential losers before you’re hit with a big loss.
The third benefit is that unlike the stock market, you can make money in both good and bad economic times. You can still see a return on investment even if a currency is up or down. To put it simply, if currency A if predicted to rise in value over currency B, you can sell of any holdings of currency B and invest into currency A.
The fourth benefit is that you can start with very little money. Compared to other profit models like brick and mortar businesses and buying rights to franchises, all you’d need is $1000 to start. There is also a wealth of information that is available to help you get up to speed and trading.
The fifth benefit is that unlike the stock exchange market, the Forex market runs 24 hours a day, 6 days a week. This makes it easy to trade under your time and your schedule. This is huge for the everyday person that has a regular job while taking caring of their personal and family duties.
With all these advantages the market is bringing in more and more new traders every day. This led to the birth of a new industry with books, courses, seminars and software systems, being made available for traders. So with all that is available for traders, how does Forex Megadroid compare?
The Forex Megadroid is a software that promises to triple your investment, returning $4 for every $1 you spend in your trades. This initially made me skeptical as with many claims in the Forex market but I decided to look closer into this particular robot.
There are tons Forex robots out there, you can see for yourself by going to Google and typing it in. You’ll end up with hundreds of results. Because Albert and John have years of trading experience, they understand what traders need and how to organize these needs into the software.
Adapting to the market is important. Most robots have been built with rigid rules which may be fine if the market is consistent but if things start to change, it can lead to losses. Many of these robots are aimed at making money in certain situations. However it’s important to be able to profit from all types of market conditions.
To do this the Forex Megadroid uses what’s called a RCTPA. RTCPA stands for Reverse Correlated Time & Price Analysis. What is does is help the robot predict what’s going to happen in the next 2-4 hours with a 95.82% accuracy rate. The software has proven this accuracy rate in real life trades. It has been used for a 9 track record resulting in an average of 500-600% returns.
I liked the fact that Albert and John has included the results of recent trades done from January to March. This definitely shows that the robot works right now and is not using outdated systems that are no longer effective.
One of the problems with using robots has always been brokers trying to close your account and preventing you from using robots. To combat this Albert and John has created the robot to help hide the fact that you’re using a robot. Here’s how they explain it
“If a robot places trades every day between 9 AM and 3 PM, brokers will raise the spread during those times for the specific currency pair (of course, only if enough people are trading the same robot during those hours).
Brokers can never ever use this little trick with Forex MegaDroid… why? Well… simply because the robot trades randomly throughout the 24 hour trading sessions. One day it might trade at 2 AM, next day at 5PM, the day after at 9AM and so on…”
To take advantage of this robot, start out by using demo mode to see if it gets you the kind of results you’re looking for. If not, you can always ask for your money back as the creators back their product 100%.
The Pros and Cons of the Forex Megadroid:
Pros:
- The robot allows you to trade on autopilot so you don’t have to be stuck at your computer.
- Many robots can cost anywhere from $300-$2000 but the Forex Megadroid only costs $97 which is cheap when you compare it to many robots out there.
- The robot is very easy to use and install. On their website they have a 5 minute guarantee stating it only takes 5 minutes to install and get it up running.
- Albert Perrie and John Grace back this product with a 60-day money back guarantee, which shows that the creators fully back their product.
- The robot helps you avoid brokers from ruining your trades.
Cons:
- While certainly helpful, I think the claims are too big. The robot will definitely help you increase your profits but you must have good knowledge about Forex trading.
- You are only limited to the USD/EUR currencies. This can be a big negative for many traders.
- Unlike a trading system that is hosted on a third party server, you have to keep your computer on to keep it running.
Conclusion:
The Forex megadroid is priced at $97. This is a very good price for such a high quality robot. You are given the download material, pdf guides, and additional videos after the purchase. The creators of the software offer a 60-day money back guarantee.
In conclusion, this software is a great tool to help your Forex trading. I like the fact that it helps you avoid brokers from ruining your trades. I also like the fact that it is created from people who’ve been trading for a long time and know what’s important to the needs of Forex traders. The best way to find out if this will work for you is to ultimately try it out for yourself. With the guarantee, you’re taking no risk so there’s no reason why you shouldn’t give it a try. You can get Forex megadroid below at :
www.forex-megadroid.com
