Forex Brokers are notorious for playing games with their clients. Most new traders never know the real reason for their losing trades. When they come to know that it was their broker and not the market that was constantly tripping their stop losses, they never trust their broker again. You should never trust your broker ! Download these Forex Scalping Cheatsheets plus the 10X Scalping System FREE. Try Forex Bulletproof and the High Voltage Add-On RISK FREE for 60 days! Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade! 

You need to understand that forex brokers are above all marketing machines. Forex brokers continuously require a flow of new clients, since many retail forex traders don’t survive longer than a few months. After losing, more than 90% simply quit and give up forex trading.

Forex brokers are free to offer any price to their clients. Most of the brokers get price quotes from the interbank market with a 1 pip or even lower spread. To this pip spread they add 2 or 3 or even more pips as the price quote to their clients. These 3 or 4 pips are the risk free profits that the brokers make for each round trip trade. You see why fx brokers are giving you free platforms and trading signals, only to make you start trading as soon as possible. Your broker will make more risk free money, the more you trade!

One of the best tricks that forex brokers use is Stop Loss Tripping. If they find many stop losses at a particular level, there will be a momentary blip in the price feed to take out most of the stop losses. You can’t do anything. It was a momentary spike, so small that it only tripped the stop losses.

Retail forex market is an unregulated market. What this means is that most of the time retail forex traders are at the mercy of their brokers who take their clients for a ride. You be careful of your forex broker .

There are many tricks that a forex broker can use against you. Most of the brokers are unscruplous and you need to be careful with them. The best way is to use an ECN in your forex trading.

In the past, you can only have automated forex trading system from 3rd party group or provider that made it, yet it seems that they are not the only one that have been trying to develop an autopilot system. Recently, a number of online forex brokers have completed their own automated forex trading system and start to offer it as free service for their clients. So, is this cost-free service can really help you?

First, you must know that there is fundamental difference between both of them that will greatly affect their performance: the trading strategies behind them. If you’re going to use your broker free automated trading system, you will have to create your own trading strategies; these are some common options that your broker will offer:

1. Select one or more from a list of strategies; your selected strategies will be used to manage your account.

2. Design your own strategies based on several parameters such as technical indicators, price levels, moving average crossovers, and market conditions. Read further about strategy at different strategies in forex trading. A few brokers also offer more advanced features that allow you to design complicated strategies that employ many instruments and multiple time intervals. Later, you can also back-test your strategies to see how it performs against past data.

By allowing you choose or develop your own system, the broker does not need to take responsibility if the system fails; you’ll take full responsibility of your own system .Some brokers also allow you to choose between fully automated and half-automated (keep you involved by send you confirmation for every trade). The 1st choice is identical to how a forex robot works and the second choice is well known as “trading signals service for forex”.

However, you will not get the “design your own system” option if you’re using third party automated forex trading system. It may be a forex robot or trading signal service; either way, it will comes with built-in trading system that devised by its creator. Depend on the trading system, it can be a rewarding tool or mere trash.

Over the years, there are many traders that have their account grow by utilizing automated trading system that works. However, there are also a lot of traders who lose their funds for using software with “trash” trading system behind it, so make your choice carefully.

So, is it worth to use a broker’s automated forex trading system? It does if you have a proven system that you’ve used in manual trading; all that you have to do is convert your trading system into a set of rules and let the software runs it. It may works or not; nevertheless, pouring your skills and experiences into a software is not easy as it may seems, especially if you’re do it on your own.

On the other hand, if you haven’t discovered a trading system that suits you, trading system that comes in a package with forex robot/signal is your best choice. Find the details of the most recommended automated trading system at FAP Turbo – the review.