Introduction To Spy-Fx

This information was provided by Spy-FX and not necessarily the views of this website.

SpyFX has been created by a team of professionals who understood that manual forex trading can be difficult. While there are countless of EA’s on the market, many have failed to deliver on a consistent basis to forex traders and are often useless.

The SpyFX Team has created sophisticated algorithms which led to the creation of a next generation FX trading robot. Creating a  forex trading strategy was the driving force behind the creation of SpyFX while Warren Buffet’s infamous two rules of investing have been the guiding principles.

According to Buffett, the first rule is to not lose money and the second one is to not forget the first one. Instead of focusing on profits, the SpyFX team focused on following the two rules.

A forex trading robot is only as good as its programming which is why knowledge of the forex market is key to success. The team which build the SpyFX robot has digitalized their entire knowledge and created the algorithms which allow for forex trading 100% on auto-pilot.

Emotions and Psychology – Two Risks to Every FX Portfolio

Regardless of your experience, emotions and psychology will always have an impact on humans. They are part of what distinguishes us from machines. When it comes to forex trading, they represent risks to every forex portfolio. Automated FX trading, as delivered by SpyFX, can go someway to help eliminate these potential problems as neither emotions not psychology should impact the trading process.

Human traders are faced with many binary decisions when it comes to forex trading. This impacts everything from analysis through trade placement to risk management. In some cases, one wrong decision leads to another one which creates a negative, cascading effect on your trading account.

When it comes to risk management, SpyFX draws on the experience of its creators who have an input on this feature. FX trading robot performs all tasks on auto-pilot which delivers the following to forex traders:

Executed trades are copied from the master account directly into the trading account of traders.

  • Real-time updates accessible through the MT4 trading app.
  • No need for special software downloads or VPS/VPN.
  • Low minimum deposit with a 25% performance fee which is automatically deducted.

Following the initial deposit, SpyFX will take over all operations and traders don’t need to do anything. This may be an option for new traders who lack the knowledge required or for those who have little time to invest into managing their own forex account.

The forex market is the most liquid financial market as over $6 trillion is exchanged every day. It can also react quick to developments and the man powered required in order to stay ahead of the curve is tremendous.

SpyFX can handle all tasks required to operate a forex account. The analysis used is based on technical analysis which helps to eliminate short-term price fluctuations of fundamental events. It can also pause new trade executions at certain times in order to escape events which may have a negative outcome on trades.

Conclusion on SpyFX

The forex market is filled with trading opportunities every single day which attracts tens of thousands of new readers every month. Unfortunately for many of those new traders, their forex journey will be rather short-lived and unprofitable. Statistics show that many traders give up on their new trading account in less than six months while an overwhelming 96% abandon their accounts in less than twelve months. This can be the result of a forex trading strategy which is executed manually by traders, increased stress levels which further puts performance pressure on traders as well as an underestimation when it comes to the required time it takes to trade profitably.

SpyFX has been created in order to tackle those factors and convert traders, regardless of their experience, with a stress-free solutions which require no time spent with emotionally biased analysis and psychologically impacted trade decisions.

In a few easy steps traders can lean back and enjoy forex trading strategy from SpyFX by taking the first step today and register for you own account!

It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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