“Is USDBOT Really as Good as The Guru’s are Claiming or is it Another Mega Hyped Forex Robot That Will Lose More Money Than it Makes?”
Expert Forex tester exposes the shocking truth about USDBOT! If you are thinking about buying this robot then this is the most important page you will read this year.
From The Desk of: Simon W
Location: London, UK
Product: USDBOT
Release Date: January 26th, 2010
Product Type: Forex Trading Robot
Forex trading is now one of the most popular ways for people to make money from home. We have seen the interest slowly increase during the last 10 years but the biggest growth spurt has definitely been during the last 3 years. But is it really possible to make money with no experience?
What’s more can USDBOT make the kind of money that some are suggesting it can make? Is it a fully automated process and how much do you really need to know about Forex? All of these questions need answers and you can be sure that you will have them by the end of this review.
I have been interested in Forex for a few years now and I am in the fortunate position of being able to work for myself, when I like and where I like. This wasn’t always the case mind, when I first started I knew very little about the market and was fully reliant on robots.
I have to tell you, at first I thought I would never get there. Every robot I tried failed and I ended up spending a vast amount of money trying a number of different systems. In fact, I believe that over 95% of robots available today are a complete waste of time and money.
That doesn’t mean that no robots work, but it does make it hard to find ones that do. Some said I was stupid to keep ploughing my money in to these trading systems but I had read enough success stories to believe it was possible and in the end my determination paid off. I found a robot, called FAP Turbo, and it actually made money!
Finally I could start making extra money without having to work too hard. This is after all what we all want to achieve right? We would all much rather spend more time on vacation with the family rather than be sat at work making someone else rich.
I now try and test as many robots as I can and write a review to help newbie traders avoid making the same mistakes I made! So will USDBOT be able to deliver where the majority fail? This is the question you want answered, so read on and find out.
USDBOT Claims: “$10,000 to $21,413.79 in EIGHTY-NINE Days”
This kind of claim will not be new to most of you reading this page; it was the kind of statement I fell for time and time again. Such a claim really gets your brain ticking, I think it is almost non human not to get sucked in.
However, we are all wise enough to figure that they can’t all be true. Every system will come with a similar claim but we already know that they don’t all make money.
Mark and his team of developers at USDBOT were so confident about their system that I asked them for a free copy to review, so that I could see for myself if it really could produce anything like the results they claim.
If you are serious about making money with Forex, but like me you are going to be relying on robots to begin with, then you really do owe it to yourself to spend fives minutes of your time reading this review.
Before reading on please feel free to sign up to my VIP Forex Newsletter for access to up to date Forex news and advanced notification about any new Forex product reviews I write (I fully respect your personal privacy and will keep your details private)
Let’s get down to business…
USDBOT: What You Get?
When you download the product you get the USDBOT files as well as a user guide and step-by-step walk through videos to help the novice user get set up quickly - this is a nice touch and not something that I have seen offered with robots before. Installation only took a few minutes, like most robots the system is plug and play.
The first part of the user manual takes you through installation which includes the set up of Metatrader 4 and creation of a demo account. I personally advice that you use a demo account no matter what robot you are using as it will give you peace of mine before you start investing your own money!
The last part of the manual shows you how to make the EA run and how best to use USDBOT. I’m not going to go in to much detail about this, it’s all in the manual and everything is covered. What you are really interested in is whether or not it works, right?
So how does this software work? USDBOT is a 2-in-1 robot that trades two currency pairs; the USD/JPY and the EUR/USD. The developers behind the software are said to veteran Forex traders who have been researching and testing their system for a few years.
The software has a built in adaptive neural technology that calculates many common trading strategies to help it locate profitable trades. Now I’m not very technical but I do know that the majority of software fails because it is unable to adapt to changing market conditions. I am told that this technology is what over comes that problem as USDBOT is able to adapt effectively.
One big plus point for me is that they have only ever tested the robot in a live account, so haven’t at any point relied on back testing. I found this very encouraging as we only really care if a robot can perform in today and tomorrow’s market conditions, not yesterdays!
USDBOT: Live Trading Results
The only guarantee you will ever have when you trade Forex is that you will lose some trades. I don’t care whether you are trading manually or with a robot, or if you have been trading for 30 plus years or trading for the first time. One thing is for sure and that is you will lose some trades. This is the first thing you must understand when you start trading – if you don’t then it can ruin your chances of success.
If you get scared after a loss and walk away then you have zero chance of making money. The answer is to win more trades than you lose. Sounds simple I know, but you would be surprised at how many people lose and walk away. If someone could guarantee that you would win 80% of trades I’m sure you would be pretty happy, so always bear in mind that losses are part and parcel.
So how does USDBOT fair when it comes to winning and losing trades? Does it generate more profit than losses?
Giving you exact examples of the results I have achieved is no longer legally allowed. A new piece of legislation was put in place in December 2009 as my results are not conclusive evidence that you will make the same.
So why is this?
The basic reason for the law change is because there are so many factors that determine how much money is made. The two main factors are investment and market. If I invest $5,000 and you invest $500 then it stands to reason that I have more chance of making bigger money than you do. Also the market conditions that I have been trading in will no doubt be different to from today’s market conditions. Forex can be quite volatile as we know.
It may be that you make more money than I do, it may be that you make less. The point is it is impossible to say, so I am no longer allowed to give any exact results. What I am allowed to say is that I have had success with the robot and so far it has made me a good return.
If you are interested in seeing some live results then you can have a look at the USDBOT site which shows live trading results as they happen and is updated every 15 minutes. To view these results please click here.
But Is It All Good?
The results on the USDBOT site show a good level of return and in fact I would go a step further and say that they show a realistic level of return, unlike most. You would normally expect to see far more impressive looking results on a sales page. But the results you normally see are made when software is tested in yesterday’s market conditions. We could all make money doing this as we all know what conditions were like.
We can therefore feel more confident that rather than showing us the most impressive results they are in fact showing us realistic results. Results that we can potentially achieve ourselves! But it’s never that good! You will notice that the better looking results are achieved with a higher level of investment. Now I’m not sure about you but I don’t have $10,000 to throw at any Forex system, even if it is one that shows an honest and consistent level of return.
Most traders will look to have a starting account of between $100 and $1,000, so it will therefore take a little longer to achieve the kind of life changing results that we all want. That said, if you know something works that you can slowly build up to it. Leave any profit you make in your account and every new trade you make has more potential.
If you keep investing in this way then you will soon make a bigger investment amount and will see you profit increase over time. Yes it may be a slightly longer route to success but I’m sure you rather get there than not?
Either way and no matter how much investment you have, remember to run the robot in a demo account before you risk your own money. It will no only give you confidence in the system but also give you a better understand of how the Forex market works.
You should also remember that every Forex product must legally come with a full money back guarantee, so if you are unhappy with it for whatever reason then the USDBOT team cannot avoid returning your money to you.
Exclusive Forex Bonus 1
Having reviewed a lot of Forex systems, I get asked all the time which is the best one to use to make the most money. Sadly this is so hard to answer as I don’t still use all of them so don’t know exactly how they will work in current market conditions. As a few friends really wanted to get involved in Forex I decided that I would write them a beginners guide instead.
I started out with the intention of writing something quick and easy, but as with anything (you may have noticed that I go on a bit) I end up writing far too much and in the end decided to write a comprehensive book that I could sell on my website. I gave a few copies to friends and saw how much they were learning so ended up selling it to my visitors and news letter subscribers for $79.
However, I am happy to give away copies to the first 20 people who order USDBOT through this link. I do get a small commission for this, but this is what enables me to continue writing reviews and I only ever recommend if I believe the product is good. As I am selling the book I do want to keep the number as limited as possible.
Exclusive Forex Bonus 2
As well as a copy of my Forex Trading Strategies e-book I will also give you a copy of best selling swing trading book called A Practical guide To Swing trading. This book is by expert swing trader Larry Swing (if you can believe it) which he has been successfully selling on Amazon for a number of years.
If you read these books and use the information correctly then you will realise just how powerful they are. They will help you take steps in the right direction whether you plan on using them to change the settings of a robot or whether you want to manually trade for yourself. Swing trading can be extremely rewarding as you don’t need to put as many hours in as you do when day trading. Remember I can only make this offer to the first 20 people who order through this link.
But don’t just take my word for it, check out what others have had to say about the two e-books:
Forex Trading Strategies: “Wow, this e-book was a lot more then expected. There is so much info and I now feel like I really understand all the basics involved in trading in the market. I hope that my profits continue to increase, as they have done since my renewed interest and knowledge of Forex strategies helped along by this e-book”
A Practical Guide To Swing Trading: “It is an easy to follow guide, If you plan on investing in individual stocks, and lack a strategic approach in so doing, then this book is definitely a good start”
These remarks are only a few that have been made to both myself and on Amazon. I can also tell you that traders with varying levels of experience have also taken a lot from reading one or both of them. Some of my friends have told me that I am mad for offering to give my book away when I can easily sell it, but I believe in helping others – especially those in the same position that I was a few years a go.
As I am also selling the book to my website visitors I am definitely limiting the numbers to the first 20 people so make sure you take advantage of my offer soon. I reserve the right to remove this offer at anytime and can do so without warning.
How to Claim Your Bonus
1. To claim you exclusive Exclusive Forex bonus order the USDBOT 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 USDBOT + 2 Forex Bonuses
Happy Trading,
Simon W
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