Forex Software Review: Forex Neutrino

With the start of 2010, many forex traders who were new to the markets in 2009 (or those who have heard horror stories) are coming to the realization that forex trading robots are not what they were hyped up to be.  Yes, they have gotten more sophisticated and more complex, but the results for the users has not changed much. This is why many forex traders, beginners and seasoned traders (who were once burned on forex robots), are looking to forex signals software like the Forex Neutrino Signals System. 

But why are forex signals better than forex trading robots and how much more will this type of system cost compared to your standard robot?  In this Forex Neutrino Review, we will take a look at these questions to determine if using signals software is truly better for users than robots and if the Forex Neutrino is really worth the money.

First, lets take a look at how forex robots work.  Users simply install the robot onto their MT4 trading platform, adjust a few settings (if needed), and then turn the robot on and let the robot go to work for them.  In theory, this sounds great from a users perspective, until it comes to the point where the robot is making bad trades consistently. 

Now lets take a look at how forex signals software like the Forex Neutrino work.  Users simply install the software, adjust a few settings (if it calls for it in the instructions), and then let the software run and monitor the market.  When the software finds a potentially profitable trade, it will alert the user of the trade, including, entry and exit points for the trade.  However, in this case, the user must place the trade manually. 

I know for some new traders, this may seem daunting, but its really not.  Once you have placed one trade, you will know how to place a trade in a split second the next time.  This is why its always suggested to use a demo account to practice on until you get the hang of it.

So why is it advantageous to be able to place your own trade?  The most obvious benefit to most traders is that you have the "Option" to place the trade or not.  Unlike robots where it automatically places every trade.  Secondly, you can put different amounts of risk on each trade placed according to your comfort level.  Unlike robots where you have a constant risk amount that can’t be adjusted on the fly. 

The most beneficial aspect of signals software however, that most people don’t think about when they first get into forex trading is "learning".  Simply put, using a forex trading robot does not provide any knowledge to its user.  The user just sits there and watches the robot and in most cases doesn’t even watch it.  However with a signals system, the user is placing their own trades, learning from one trade to the next and can improve when bad trades or mistakes are made.  On the other hand, robots can’t improve over time, if they start making bad trades, they will continue to make bad trades.

The last benefit of using a system like Forex Neutrino, that goes hand in hand with the above, is that you will have ultimate control over your money.  You don’t want to have to place your trust in a robot that you aren’t even sure how it works or if it will profit.  You can put your trust in yourself, evolve, learn, and become a profitable trader which you can benefit from for the rest of your life.  If forex robots ever work, they usually work at the beginning, but end up losing in the long run because of changing market conditions.  But you won’t have to worry about this with a signals software system.

So How Much Does the Forex Neutrino Signals System Cost?

Forex Neutrino is being release on January 19th with a price tag of $97.  Now to some new forex traders, this may seem on the high end, but I can assure you this is almost right in line with every other forex robot or other software out there and could be considered on the low end. 

For example, in 2009 we saw forex robots being sold for up to $497 but only as low as $77.  The normal price for a forex trading robot ranges from $97 to $197.  In addition, other signals systems have been released for similar prices ranging from $97 to $147.  So the Forex Neutrino system seems to be priced very competitively compared to what others systems have sold for in the past and what is currently being sold. 

Get it here if you interested : http://snipr.com/forexneutrino