3 Advantages of Forex Mercenary Signals Software Over Robots

Monday, January 4th, 2010

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With so much attention being paid to forex robots in the year of 2009, people tend to forget the other option in forex trading software.  One that doesn’t completely automate their forex trading, but semi automates it and is often the preferred choice of seasoned forex traders.  Its the signals software.  A new signals software called the Forex Mercenary is about to be released to the public on January 12th, 2010.   But what advantages do signals software have over forex trading robots and why do seasoned traders prefer them?  In this article, we will review these questions and determine if Forex Mercenary is a legitimate option for forex traders.

3 Benefits of the Forex Mercenary Signals Software

What ultimately leads to the demise of Forex trading robots is their inability to learn from their past mistakes.  You see, a forex trading robots has rules built into it that it automatically trades by.  It does not alter its decision making if it makes a bad trade.  And it will keep making those bad trades time after time.  It does not learn to avoid those trades in the future.  However, with signals software, if you make a bad trade that the software provided you, you have the option not to place that trade the next time a similar instance happens.  Thus, you learn from your mistakes and avoid them in the future, minimizing your losses.

The second downfall of forex robots are the built in risk management settings.  Some robots risk too much on each trade they place.  These settings can be changed, if you know what your doing, but for most traders who purchase forex trading robots, they don’t know how to adjust this setting.  In addition, even if you do know how to adjust the settings, you can’t alter the settings on each trade placed as the robot automatically makes the trade.  However, with a signals software program, when the trades are prompted to you, you are the one placing the trade manually, so you can adjust your risk value with each trade placed depending on your comfort level with the trade.  This allows you to risk more at times and less at other times, based on your past experience.

Lastly, forex robots do not allow their users flexibility.  Every trade the robot identifies as profitable, according to its built in rules, it automatically places those trades.  As the user, you don’t have the option to say one way or another if you want to place the trade, you have no say.  All you can do is turn off the robot, but then it won’t make any trades for you whatsoever.  On the other hand, with signals software, the program will prompt you when it identifies a profitable trade and provide the entry and exit perameters to you, allowing you the option to either place the trade or pass on the trade.  This allows the user more control over the trades placed along with how much they feel they should risk on the trades.

Overall, signals software like the Forex Mercenary that will be coming out offer many advantages over forex trading robots.  They not only provide the flexibility as shown above, but they also provide the user a learning path to improve their trading over time.  Unlike forex robots where the user never learns anything, they just sit and watch the robot makes trades for them.

How Much will the Forex Mercenary Signals Software Cost?

Forex Mercenary is set to be released at the price point of $97.  With comparing this to a recent forex signals software released almost a month ago at the same price and with other forex robots that range from $77 up  to $497, the Forex Mercenary is accurately priced for the features it provides.  

As for proof of income with this software, beta testers have seen great results from the software so far.  The software has already provided 2 different streaks within the last 3 months of having 1,000 or more consecutive winning trades.  CLICK HERE to see the proof page.

In addition, the Forex Mercenary signals software is not scarce on its trading opportunities.  Some people have complained about other forex signals software in the past that they only provide 1 or 2 trades a week, however this is not the case with Forex Mercenary.  This signals program is said to create multiple trade opportunities within the same day.  Thus improving your opportunity for profits.

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2 Responses to “3 Advantages of Forex Mercenary Signals Software Over Robots”

Currency World Sector Investing Days « Finance Says:
January 12th, 2010 at 10:04 pm

[...] Learn How you can make money from all hours of the day with your trading, find out how the Forex Mercenary system can observe the marketplace for you and immediately alert you when profitable trades are [...]

J. Rex Says:
January 13th, 2010 at 8:27 am

There are many kinds of software are present in the market for the Forex trading ,but it is one of the most difficult task to know that which is the best among the all.

 

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