Forex Bullet Proof is one of the most anticipated of all Forex robotic programs on the market today. Some traders and experts label it a scam or as others call it a reliable moneymaker for use by anyone.
It was difficult to decipher whether or not the reviews I read were trying to sell the program or sell something else in the process, so once I heard of their 60 day money back guarantee I broke down and bought the program for myself. This is my objective take on the Forex automated trader, Forex Bullet Proof.
How does Forex Bullet Proof work is one of the basic questions people ask when they see this program and the results it gets. Indeed, the results of it are impressive, the earnings it helps to generate are massive. But how does it work?
What Forex Bullet Proof does is a 3 step process which basically takes most human intervention out of trading Forex and so helps you to enjoy more free time.
The 3 Step Process Involves:
1. Identifying trading opportunities - In this step the robot scours the market, analyzing how the prices are shifting and seeking a high probability trading opportunity. This is done continuously and automatically all the time.
2. Placing the trade - Once a trading opportunity is identified, Forex Bullet Proof places the trade on your behalf. Again, this can happen even when you sleep which makes it into an employee of you of sorts.
3. Exiting the trade - Forex Bullet Proof continues to manage the trade, waiting to see how it will progress. Once the trade arrives at a point which it determines is the best to end it, it exits the trade.
This is a process which happens again and again, time after time. Basically it can run forever. On some days the software can make a lot of trades, on others it may make none. It all depends on the way the market runs and the opportunities in it.
The algorithms, logic, and technical specifications that make up the software architecture are works in progress. The developers are continuously working on making things much more efficient and more effective in bringing in the coveted profits from successful trading in the foreign exchange market.
Benefits of using Forex Bullet Proof to trade the Forex market:
- It is simply a plug-in and play software. The major thing you are to do is to install it and leave it to run on autopilot for you.
- You are offered the preference of either hosting it on a remote server or on your own PC, so there won't be any need to allow your PC to be on round the clock. In my experience, this is not advisable. I suggest you host it on your PC with your internet connection and trade only when you there. Just watch the robot as it trades for you, that way you will know how good your trade is performing.
- It was back-tested with a real live and working account, so don't think it was tested with demo account.
- When you purchase the Forex Bullet Proof, you get access to watch a video tutorial where you can learn all you need to know about the robot. Beginning from how you can install it to work with the Meta trader, and how to trade with it.
- The robot works round the clock. Its ability to work at all hours means you won't miss any profitable trade. It evaluates the market trends looking for profitable trade to place for you.
- It is for both beginners and advanced traders. It has instructions which you can follow to set it up in the space of 15 minutes.
- It has a reliable customer service ready attend to your questions anytime you need help.
Ease of Use
Forex Bullet Proof gets high marks for being one of the easiest to use robots on the market. Once you download the program, you'll be walked through the steps to get things started, including setting up an account with a broker. After the set-up is finished, you'll be able to let the program do all of the work for you from then on out.
You don't have to make any decisions about what to buy or sell. All of that is done automatically for you by the program while you about your business. You can check in occasionally to see how profitable your day has been, but you don't even have to do that if you don't want to. Overall Forex Bullet Proof provided a simple to use interface and detailed tutorials.
Accuracy
Obviously, the algorithms powering the Forex Bullet Proof are going to be of the highest caliber because they were developed by a mathematician. Of course, that doesn't necessarily equal high levels of accuracy. But what you'll find is that this program has some of the highest accuracy rates of any of the programs on the market. That means you can feel confident when you invest your money using the program.
Customer Service
One of the less frequently discussed but just as important features is the customer service of the company behind the product. The bottom line is that Forex Bullet Proof was created by people who enjoyed trading and profiting from trading and who wanted to share this tool with others who wanted to gain some similar experiences in the currency market. That comes through with the customer service as well.
Compared to Other Forex Robots
While plenty of Forex robots are on the market, the Forex Bullet Proof robot has been proven effective by traders over and over again. Many of the other robots on the market simply boast about their accomplishments but they don't have the data or the customer experiences to back them up.
That's not true with Forex Bullet Proof. This is definitely one of the most popular options on the market for a reason, and it's one of the top choices for people at any experience level.
Those who are still having second thoughts about the program can just visit the website and check out the account statements that is trading, which appears to be totally legit. It would be natural to have reservations, since the impressive results being shown seem too good to be true for a somewhat affordable package price.
The feature that would strike a Forex trader most is the use of tight stop losses. There are other Forex software applications in the market that employ huge stop losses with very small profits. The tight losses of robot ensures that failures are limited and controlled.
I want to note that Forex Bullet Proof isn't for anyone expecting to get rich overnight, nor is it a get rich quick scheme. But if you are interested in earning some realistic and reliable money which anyone can benefit from without having to learn everything or anything about the Forex market, this can be an invaluable source of income, one which I continue to use religiously today.
Trade within the confines of a free practice account using virtual money to see it work before you invest any real money to make the entire transaction completely risk free. You won't be disappointed.
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