Legitimate Uses for a Forex Trading Alert

There’s tons of buzz for automated forex trading systems that provide various levels of opportunities based on an automated forex trading alert.
If you’ve looked on this blog lately, you’ll even see ads for some of these forex trading alert software programs. These type of programs are sometimes called “forex robots” or “bots.”

Never Blindly Trust a Computer Generated Forex Trading Alert

You’ve seen the outrageous claims like “See Forex Robot Nailing $363/day,” 100% No Loss Forex Robot,” & “From $5,000 to $35,000 (with a forex robot trading for you).”
Yeah, right ;P
Or is there actually something to these automated forex alerts….

WARNING: Never Let a Computer Trade For You

If you see ANYONE claim to give you a black box software that will automatically make you money, THEY’RE LYING!!!
Even though some of these forex robots are selling you automated forex trading systems that will trade for you, that isn’t the right way to use an auto forex trading alert. Letting a robot trade your money for you is a fancy way of setting your money on fire!

Tip: Use Automated Forex Trading Alerts to “Signal” Potential Trades

Before you give up on the forex robots completely, realize that there are some valid uses for them. A computer that closely monitors forex trading prices constantly can be a powerful ally…
For $100-$200 you can have one of these forex robots spotting trading opportunities for you 24 hours a day, 5 days a week (the forex market closes on weekends).

Remember Forex Trading Basics

When the forex robot generates a forex trading alert, you’ll still want to look for support & resistance, see if there are any consolidation in the forex charts, use technical indicators, forex trading wave patterns, & fundamental announcements.
The total basics of forex trading are fully covered in the 20 part free course at rapidforex.com.

There’s No Shortcuts to Forex Trading Success

If a computer could trade you from $5 to $5,000,000 within a decade, EVERYONE would be running that software! Don’t fall into the thinking that a computer generated forex trading alert will do for you what some of the smartest financial geniuses in the world haven’t been able to achieve – automated forex trading!
It’s an impossible fantasy that is unfortunately used as the basis for many forex trading scams.
Just because there are some forex scams out there, don’t be afraid to try to use software to let you “spot” forex trading opportunities.
Don’t use the automated forex trading alerts to trade for you, just to tell you when you might find a cool forex trading opportunity.
I’ll be discussing more legitimate ways to use a forex robot to find trades in future blog posts. If you don’t like forex robots, just stick with Forex Sailing and be in 100% control of your trading decisions!

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