Forex Megadroid is one of the most popular robots used as a trading assistant.
It really works to collect data from the Forex market that it is able to process at a much higher rate of speed than a human trader.
This is one reason why it is so valuable to a trading portfolio.
But, it does have one major weakness that you need to understand.
Do not misunderstand.
All automated robot assistants such as Megadroid have their own strengths and weaknesses, too.
This is not a criticism, but rather an observation that will help you to trade better in the future.
The Megadroid's weakness is that its goal is to trade risk free.
It will only trade when it can win.
You want to avoid risk, too, and so this is comforting.
But, you cannot expect to have large profits from trading behavior like this.
You must expect to have small profits.
Now, you will have many, many small profits over time, and eventually your investment account will show it.
But, you may need to wait some time before you see it.
How does Megadroid deal with loss? It collects trading data from the losing trade, and never makes the same loss under the same market conditions again.
This ability to collect and analyze data makes it an indispensable addition to many traders' portfolio.
In fact, traders are using Megadroid right along with other robots that trade in ways that the trader can understand and use to his trading advantage.
This is what you ultimately want to develop in your trading business.
A team of robots that you understand well, and that you can use to make trading profits based on avoiding their weaknesses and knowing their strengths.
This knowledge will help you to compensate for these problems before you trade with them.
Ultimately, you want to have a good working relationship with your Megadroid, and any other employee robots, in much the same way that you would with a team of human employees.
You get to know their weaknesses and strengths and then use them for the jobs that they will do the best.
So prepare to act as a robot team manager by learning as much as you can about your robots.
Then, your choices will work well to bring you your profit goals.
You can begin with your Megadroid by researching its demo account activities.
Note where it lost, if it has already, and analyze why it happened.
What were the market conditions? What was Megadroid's response and when? Compare Megadroid's trading patterns to any other robots you may have, and even your own trading.
Learning from Megadroid's weak areas will help you to prepare for stronger trading in your business overall.