If you are a beginner in the currency trading industry, you have probably heard from a lot of sources how the Forex Megadroid is an ideal one for those who are just starting. Even with no experience, you can rely on the accuracy of its trading decisions such that you will still be able to have a success rate that averages at above 90%.
Compared to other robots, this one focuses only on the major currency pair of the US and the Euro. At first this may seem like your options are limited since you will not be able to participate in trading with other currencies. However, this is actually one trading forex strategies in itself. As a beginner, learning from just one currency pair will make you more focused and help you learn faster. Besides, this is one of the major pairs and you will still be assured of profits even if you trade with this exclusively.
Another thing that you should know about the Forex Megadroid is that it is compatible with the MetaTrader trading platform. Using this platform is also ideal for beginners since it offers quite a number of functionality that will be very useful for them. The charts, indicators, and other tools in this platform will give a lot of help to a new trader as he learns along with this system.
For example, there are tools such as the indicators that will provide signals when there are changes that happen which will trigger a down trend or an up trend of a currency. Sometimes there are a lot of movements in the market that are so volatile that you may have a hard time to notice without any technical help.
This functionality will also help you when you decide to learn and do some option trading even at this beginner stage. Some beginners have a hard time and can suffer from information overload if they go into currency options but with the right platform and trading robot, you can tread this part of the forex market successfully.
Beginners are understandably apprehensive the first time they try live trading. With the help of tools like the Forex Megadroid and a user-friendly trading platform, you will learn to navigate this industry in no time.