Hello, and welcome to the 2nd Edition of my Algorithmic Forex Trading Software Review.
This week we will take a look at the New Forex Tracer which was released in June 2008.
I've held back from reviewing this product straight away as it was only released last month.
So, here's my verdict on the following research I undertook to guage the market response to this new product.
What the Forums Say: Having scoured the Top Ten Forex Trading Forums I discovered that most Forex Traders using this software gave promising feedback. Traders averaged getting 20 pips a day and 20% of those were captured whilst the trader slept.
The most successful markets traded using this algorithmic auto-pilot software was the GBP/JPY Market. However this also proved the most popular market so this is really not a true reflection of where algorithmic auto-pilot trading can be most successfully exploited.
What ClickBank Says: For those of you not familiar with Clickbank, this is where the Publisher of this product markets this product to keen affiliate marketers.
Why is this important? Because here you have first hand analysis of how the product is selling and how many refunds the Publisher has received. If the product more than 10%, this would suggest a fault in the product or a failure to deliver on what it offers. The refund rate in this instance was 0.02% as of 07/01/08. A month after the product was released into the market.
Sales were notably slow in the beginning of June but bumped up in the later part of the month due to increased marketing methods.
What the Specialists Say: The PipBoxer is still the most popular Algorithmic Forex Trading Software as this comes with online brokers which work with your algorithmic system software, however this is considerably more expensive. At 25% of the cost The Forex Tracer appears to be matching what it purports to offer.
Visit The PipBoxer Review to get the full breakdown on this Ultimate Trading Software Tool used by Forex Traders Worldwide. You can put The New Forex Tracer to the test on a Demo account here at http://www.forextracertrading.com which allows you to trade with play money, so you won't be risking a penny. After you've tried, tested and retested, you can then open your real account and start trading on Auto-Pilot there and then. An Absolute MUST for all Forex Traders.
Reuters - Bank of America Corp said it agreed to buy Merrill Lynch & Co Inc in an all-stock deal worth $50 billion, snagging the world's largest retail brokerage after one of the worst-ever weekends on Wall Street.
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