Forex Megadroid is one of the few forex robots that make use of the two common types of foreign currency exchange strategies. These are the fundamental and technical analysis approach.
Foreign exchange traders, who use the fundamental analysis method, examine the current market situation by taking a look at the economic factors that may affect the outcome or the result of a trade. They take note of particular statistics like current interest rate, income per capita, inflation, unemployment situation, oil prices and gross domestic product of a certain country. Foreign exchange experts also closely monitor harmful factors like crime, natural disasters, war and political problems of a country.
These are common business indicators that affect the value of a certain currency. These traders watch out for these economic and political changes and capitalize on such incapacity. These problems certainly cause the value of the currency to go lower. When this happens, it is the right time to buy. When the market and the value get back up again, they sell the currency at a higher rate. The forex traders who use the fundamental analysis method patiently observe and wait for the correct timing to do the trade. It is a very slow process and requires a lot of time to study the economic factors that will affect the current rate. The slower the process, the lesser the trades are done, but it is an accurate way to a successful trade.
The technical analysis, on the other hand, is based on historical trends and patterns. Forex traders who use the technical analysis method outline and plot the prices and values to come up with the current market data and algorithm. They believe that future currency values are based on the data that have been gathered from the past transactions. Recording and plotting the data is a faster method in determining the fluctuating trends in the forex market. This method makes trading faster and the chance to profit more in a short period of time is higher. However this method involves a lot more risk than the other one.
The Forex Megadroid combines these two methods of analysis and gives 95.82% accuracy. Trading is easier and safer with the Forex Megadroid as it considers the past and current trends to forecast the future. It is programmed RCTPA which stands Reverse Correlated Time And Price Analysis, a method that can actually predict a distinct pattern in just a few hours. With the market changing ever so quickly, the Forex Megadroid is a very effective tool to use.
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