Many people believe that IvyBot, the latest automatic trading robot for the Forex market, is one of the best Forex trading robots ever released. It has received extensive press coverage, and has many good reviews from traders who are using it.
While I am sure that IvyBot has many good points, it also has some problems which may not be apparent to the untrained Forex trader. I will list the good and the bad of each robot in this article.
IvyBot Pros and Cons
Pros:
The IvyBot is completely automated, allowing the user to walk away while the robot does its work. 정보이용료 현금화 The robot can trade in multiple currencies, it will analyze current market trends, and can make short-term forecasts on price movements.
The robot gets updated automatically every week, and there are no more frequent updates to be had.
Confusing Claims
Some Forex robots are capable of making small profits during the global financial crisis in 2010. One such robot, FAP Turbo, created by Steve Carletti, promises to turn $ 50,000 into $ 5100,000 in 2 years.
While these kind of claims may get you drooling at first, keep in mind that many Forex traders are watching the price movements of the Euro and the Dollar, not the EUR/USD.
IvyBot Pros and Cons
Pros:
The IvyBot is completely automated, allowing the user to walk away while it trades. The user does need to do minimal input from the robot, though.
The robot is created by Ivy League graduates. This robot is updated by a group of professionals every week.
IvyBot is automatic, allowing the user to be focusing on other things other than reading the IvyBot software.
We have no idea when the next major economic loss will come. Many Forex robots are built to be compatible with the Currneflow and NFA regulations. This means that the robots may stop trading once the markets become unstable again.
The robot can be ran on a regular monthly membership of $149. Users can choose to use the demo account to become familiar with the robot before updating to the full version.
Does not provide proof of full trading results. Only upload results from the website
The minimum investment is $10,000. This is far lower than other Forex robots which requires capital of $50,000.
The large profits are for the users to be realized from 5% price increase.
regloss is higher than the other robots on the market.
No proof of end-loss management data.
Higher risks are involved with using this robot.
The IvyBot will not teach you anything about the Forex market. It is just there to cash in on the opportunity and “teach” you how to maximize your profits.
Very little independent verification of results.
The robot seems to be designed by someone not too different from a mind- control slave. This will affect the gullibility of users.
