It was launched on 28th July 2009 by the Ivy League Graduates. To Bitcoin Revolution 2 Review put to rest all apprehensions about the product performance, the developers at the time launch gave it on a trial basis for traders to use for a week. At the end of the trial period, traders had the option of either keeping it by paying its price or returning it.It has been two weeks since IvyBot was introduced. The automated forex system trading robot had performed exceedingly well in the first week. There were no trades for IvyBot in the second week much to the disappointment of most traders. However based on the beta testing results, most users are confident of the product performance. IvyBot has received excellent online reviews by some existing users.
IvyBot is very simple to install and use. Therefore both new forex traders and experienced ones can easily make use of it. All that is required to be done is to download the program and switch on you computers for the automated trading robot to perform on its own.IvyBot comprises of 4 different robots, each dealing in a different currency pair. The currency pairs traded are Euro/U S Dollars, U S Dollars /Japanese Yen, U S Dollars /Swiss Franc, Euro/Japanese Yen.This automated trading robot is programmed to change its strategy depending upon market fluctuations. The software therefore adapts itself to the changes in the forex market on a weekly basis.
However automated forex system trading robots can be relied upon to deliver consistent results only on the basis of their performance for at least 6 to 10 months. Being a new entrant into the forex world it is not possible to judge this aspect of IvyBot. However going by the first week’s performance and customer reviews the product seems to deliver what its developers promise. Since IvyBot comes with a money back guarantee it is definitely worth giving it a try.Forex analysis is used by traders to establish whether to buy or sell a currency pair at any point of time. This analysis could be technical analysis done with the help of tools like charting or fundamental analysis which makes use of economic indicators or news based events.
Let us first understand in details these two types of forex analysis.Fundamental analysis is done with a view to analyze forex market changes by keeping a track of factors like interest rates, gross domestic product (GDP) and such economic news pertaining to countries whose currency pairs we trade in. In fact any news which may impact the economy of the countries in question is closely tracked for the purpose of financial analysis.With the help of Fundamental we analyze the economic conditions of countries whose currency we trade in. For example if you intend to trade U S Dollars and British Pound you will need to analyze the economic conditions of America with respect to Great Britain.
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