Tuesday, January 05, 2010

IvyBot Review

The IvyBot trading program has been getting a lot of attention lately in currency trading circles and it's likely to become one of the most popular trading robots of 2009. As a robot which exhibits impressive results, is 100% automatic and, and is easy to install and use, it seems that nothing can go wrong with this robot. However, this is far from true. While there are majpr advantages to using the IvyBot, there are also cons you need to know about.
1. The IvyBot trades just 4 currency pairs. Of course, most trading robots trade just 1 pair so the Ivybot is still better than most robots, but it would have been better if it had traded more pairs.
2. You don't learn anything about trading yourself when using an automatic trading robot. This is something which can lower your profits in the long run. Always make sure that you continue educating yourself about manual trading even if you make a lot of money with automatic tools.
Of course, the IvyBot has a lot of pros:
1. It is 100% automatic so you can trade with it and not lose any of your free time. You don't even have to be near the computer for it to work.
2. It's affordable and also has a 60 day money back guarantee.
3. It has impressive results.
4. It is updated on a weely basis so the robot works well in changing market conditions and is tweaked continuously to perform better and better.
Overall, this robot seems very promising and can be used by newbies and veterans alike. As it has a 60 day money back guarantee, I believe that this is a robot worth using.

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