Forex Robot the Best in the Market

In recent years, forex trading has seen revolutionary developments. Opening up of the forex market to the retail investors has been a revolutionary change. Previously forex trading was the domain of big players like the banks, multinational corporations, institutional investors and the hedge funds. But the development of the retail forex market has totally changed everything. Now any small investors from anywhere in the world can trade forex online. There are so many options available to a retail investor now! A retail investor can open a standard account, a mini account and even a micro account with a host of other options.

Another development that has revolutionized the forex market is the introduction of a forex robot also known as an Expert Advisor (EA). Previously these type of automated trading systems were very expensive. Only big players could afford them. But in recent years, a number of very good forex robots have hit the market and many are priced in the range of $100-$300 making them affordable to ordinary investors. Forex trading via these automated robots has become very popular in the forex industry in the past few years! There are now hundreds of robots flooding the market.

So what is a forex robot. A robot in simple terms is a computer programme that you install on your MetaTrader platform. This software monitors the market constantly, opening and closing the trades when the conditions are right. This makes trading almost automatic. Installing a robot is very easy. It does not take more than 10-15 minutes. Once you have done it, it is all set to start trading automatically.

You can test the performance of a robot on your demo account. Most of these EAs come with a 60 days money back guarantee. This makes everything risk free for you. Almost every month a new forex robot is being introduced to the market. This show that forex robot development has become a serious business. Which is the best forex robot in the market?

The Best Forex Robot

The best forex robot in the market right now is FAP Turbo. FAP turbo has been giving a good performance since it was launched in the last months of 2008. It is being updated every month by its developers to keep it in line with the changing underlying market conditions.

Second EA that is equally good is Ivy Bot. As the name suggests, it has been developed by former students of Ivy League Universities. The third robot that has been giving good performance since its launch in April 2009, is Forex MegaDroid. It uses a revolutionary new technology known as RCTPA. RCTPA allows this EA to see ahead the market conditions in the next few hours and change accordingly.

Last month a new EA known as Forex Rebellion hit the market. It's beta testing results are excellent. Russ Horn is it's developer and it seems this might be the best forex robot of 2009. Recently a Forex Robot World Cup was announced. Official sponsors of this World Cup are FXCM and Boston Technologies. The purpose of this World Cup is to select the best of the best in an open and a transparent manner. The winner robot developer will get a cash prize of $100,000. This World Cup will provide a list of the best of the best EAs in the market that have been thoroughly tested under challenging conditions.