Forex Guru Exposes the Truth About GBPBOT - Is It a Must Have Trading Robot or Just Another Hyped Up Forex Release?
Will GBPBOT be able to make you a consistent profit all year round? If this is the question you have been asking yourself, this is the most important page you will read all year.
From The Desk of: Simon W
Location: London, UK
Product: GBPBOT
Release Date: March 9, 2010
Product Type: Forex Trading Robot
More people than not have now heard about Forex and how popular it is becoming. The main reason being, people now know how much money can be made, either as a way of earning extra income or as a full time prospect.
One question that needs answering though is just how much money can someone with no prior experience expects to make from trading in Forex.
Can this “product” really make you the money that it claims it can? Is one of the requirements of the software that you know all about Forex or does it run on autopilot? All your questions will be answered by the time you have finished reading this GBPBOT review.
Forex trading has been part of my life for quite some time now and luckily I am now in a position where I can work on my own, in my own home. This not only means no commuting but also that I can choose my own hours.
When I first started my career in Forex, I did not have much knowledge and so decided to buy a few robots which would trade for me, so I could learn as I went along. However, this turned out to be more costly then I care to mention, for the majority of the robots I tried out lost me so much money, I might as well have just thrown my cash into the trash instead.
I did not lose faith though as many people do, as I kept reading loads of examples of where traders has made lots of money from Forex and so I knew I could too. This proved to be the right attitude and eventually I began to reap the rewards and see a large return on the money and time I had invested.
I do still use robots and trade manually and have found the perfect balance which enables me to trade whilst at the same time taking my wife and children on holidays, without the worry of having to spend hours at my computer. I feel confident that the robot will trade for me whilst I am away and feel positive that the money I spend when on holiday will be recouped before I am even back at the computer trading myself.
Like many other robots, GBPBOT claims to be able to make huge piles of cash on autopilot, but how do we really know if this is true?
Developer Claims: “GBPBOT produces and ground breaking 98.44% precision”
Statements like this are all over the sales pages for every robot released, but not many of them actually achieve anywhere near this level of results. So how do any of us know which do and which don’t?
In the time that I’ve been doing this I have come to realise that the only way we will ever know the truth is by testing. It’s easy to get excited by outlandish and hyped up claims but the proof is always in the testing.
So, if you really want to know whether this robot can help you achieve your goals you owe it to yourself to spend the next few minutes reading my full review.
Let’s jump straight in…
GBPBOT – What’s in the Box
When you download the GBPBOT files you will receive the robot software and user manuals as you would expect but you will also have access to a number of videos and other material that I will explain in more detail later.
The software is as easy to install as any of today’s robots, so you can have the system up and running and ready to start trading within minutes of download.
The manuals talk you through different aspects of the software as well as Forex trading in general.
There are three manuals that cover GBPBOT itself:
The Operating Manual
This talks you through the install (not that it’s required) and the operation side to the software, which is pretty easy to follow and use. Of course, this manual should be read to ensure that you do everything correctly. No matter how easy it is if you are new to it then you need to make sure that you fully understand what you are doing.
The Principles of GBPBOT
Nothing ground breaking in this manual, you are shown through the theory behind the system and the strategies that it uses. I didn’t find anything of mush interest here but I would suggest that beginners take time to read it as it does give you some useful background information that is good to know.
The third manual is a complete file of the GBPBOT system. For me this is definitely take it or leave it. This is not essential reading and in my opinion really just pads the content out. You get more than enough information on the system in the first two manuals to need to worry about this one.
Introduction To Forex
If you are new to trading then it would be a good idea for you to read this. It does give you a good amount of back information on Forex and the Forex market. Although robots give you the chance to trade without knowing exactly how the market work, it is good practise to find out for yourself the workings of Forex. I believe this is essential – after all you wouldn’t give your money to someone who promised to give it back to you with a little on top without knowing exactly what the were planning to do with it!
The next three sections in the manuals all cover different aspects of trading. The first looks at risk management, which is such an important part to understand. Here you can learn how to calculate risk, which, if applied correctly can help you maximise the profit from each trade you make while minimizing the risk.
The second part talks you through the importance of managing your emotions. Human emotions are the single biggest threat to successful trading; let them rule your trades and you will more often that not fail. Keep them in check and trade with your brain and you stand a good chance of making good money in Forex.
The final section here offers a few tips on how to be successful. This information you can find in Google so nothing that is extremely valuable. In fact, these three sections only really matter if you intend on trading by yourself at some stage. Yes it’s good information to learn but the system looks after this for you.
There is also a bonus EA included but I haven’t tested that yet as I first wanted to see how well the main robot performed. I may update this page with my findings when I finally manage to get it set up so please come back and find out.
GBPBOT – Live Results
If you have ever traded the Forex market before you will know that it is impossible to win every trade you enter. There is not a trader or a piece of software on earth who has a 100% winning record. It simply doesn’t happen. The art of being successful is to win more trades than you lose.
It sounds like an extremely simple thing to say, but I have seen so many people give up at the first attempt because they lost. This attitude will guarantee that you fail – you can only ever lose if you walk away before you let the magic happen.
So, how does GBPBOT perform? Like any trader this system does loses trades, but the results I have seen suggest that it does make more winning trades than it loses. I am not allowed to say what my actual results are as by doing so I can be fined for up to $10,000 by the FTC (Federal Trade Commission).
Why is this? The Forex market changes every day so it is impossible for anyone to tell you what kind of money you can make from using any system or method. The market conditions can vary so much that what one trader makes earns can be hugely different from what another does a week later.
The other thing to consider is the amount that you are prepared to invest. When testing a robot I always start with an account of $1,000, so traders who invest more than me stand a better chance of making more and similarly those who invest less will probably make less. So the FTC decided that giving actual figures is misleading.
So all I can say is that from my $1,000 investment I have seen a good return and have recently decided to increase my account size to see if the system can generate even more profit for me. If you do want to see actual live trading results taken from using this system then please click here.
But Is It All Good?
Looking at the results that the GBPBOT developers are showing on their website (click here for more info) you would have to say that the system is working well for them, but the stand out results are all achieved using an investment of $10,000. These are the results that they are showing off and emailing people about, but the reality is that the majority of people do not have this level of investment.
It stands to reason that people looking for ways to make money need money and therefore probably don’t have a huge amount to invest. The majority of people that email me for advice have $500 or less as an investment and want to know which system is best for them at that level.
This means that the level of profit that is being pushed under your face is not generally realistic for the majority of people. But does that mean the trading with robots, or manually is a waste of time?
My Conclusion
My overall view of GBPBOT is that it is a good system that can and does make money. How much money it makes is dependant on the market conditions at the time of trading and the level of investment a trader is prepared to make. I have seen the system make money and I believe it will continue to do so as I have increased my account size to try and make a bigger profit.
If you are interested in trying GBPBOT but have under $1,000 to invest (by under $1,000 I mean anything from $200) then you will need to be a little more patient than someone who has $2,000 to play with. The longer you leave it the more chance you have of making money.
Let’s say you start with an account size of $250 then you will need to leave any profit you make in your account so that you investment capital grows, giving you a better chance to make money. Effectively you are letting the system generate a decent investment amount for you.
Yes this will take you longer to make money, but we all have to start somewhere and by doing so you are not taking a huge risk at the same time. And let’s not forget you also get a 60 day money back guarantee, so you can have a look at the software and run it in a test account before deciding whether you want to risk any of your own money.
The other thing that GBPBOT gives you that most robots don’t are the extra manuals that cover aspects of Forex that are more than just trading with robots and this can only benefit you moving forward. How? Well you can also tweak the software settings to run a higher risk strategy if you want to go for bigger rewards and you will not be able to do this with out some understanding of risk management and emotion.
That said in order to make it work effectively I do feel you need to know a little more than what is on offer here, but in order to help give you the best possible start I am happy to give away a limited number of copies of my own personal Forex Trading Strategies e-book as well as a best selling book on Swing Trading by Larry Swing.
Exclusive Forex Bonus
You Can’t Get This Anywhere Else
It is vital, that when you are new to trading, that you seek out and receive some sound advice. There are many people out there who would have failed because they did not do this. This is one of the main reasons I have found myself creating a “help” package which can help those people who feel in need of a bit of guidance.
It did not actually take me too long to put together either, as I had been putting the odd small guide together every now and again for friends of mine who were just starting up trading.
They seemed to really appreciate the pointers that I set out in the guides and also the money that then came in after they followed my advice. So, seeing as I had all the helpful information at my fingertips anyway, I decided to place it all in one place and make up a book.
I have run this book past the same friends who benefited from my first instalments and received nothing but good feedback and praise for the results that they have seen since being given my help. This obviously made me feel confident that what I was saying in the guides could not only help my friends, but others on a wider scale too.
However, after careful consideration, I decided that I did not want my book to be so widely accessible, which should explain why I have limited the number that I will give away to 20 18 copies, so you must be quick to get one! Included in my book are the tips and tricks that I have discovered along the way which have led me to be able to enjoy the lifestyle that I currently have. To qualify simply order through this link and email me your merchant receipt at simon [at] forextradingdominance [dot] com.
Exclusive Forex Bonus
All You Need To Be A Successful Trader
You will always have ups and downs along the way but if you take heed of advice that you are given, not only in my book but by other more experienced traders along your journey then you should find that you are living comfortably and enjoying a lifestyle that you had only previously dreamed of. You just have to pay attention and make sure you utilize the advice given in the correct manner.
And remember I can only give copies to the first 20 18 people as I can’t put these tactics into too many hands, only a select group can be gain access to this information.
How to Claim Your Bonus
1. To claim you exclusive GBPBOT bonus order the product through this link.
2. Email me your merchant receipt to the following address: simon [at] forextradingdominance [dot] com.
Please allow up to 24 hours for delivery of your Forex Trading bonus (if you have any questions please feel free to contact me via email)
*I absolutely reserve the unconditional right to remove this bonus offer at any time.
Get GBPBOT + 2 Forex Bonuses
Alternatively find out more by visiting the official site!
Happy Trading
Simon W
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