Step 1 - Open a Demo Forex Account
There are a number of brokers around that will allow you to trade forex. The best ones use Meta Trader 4 as their trading platform. If you are planning on implementing an auto trading strategy then a broker that supports Meta Trader 4 is required. The recommended brokers for Meta Trader 4 are:

FX Open
FXDD







Step 2 - Buy a Forex Robot With 60 Trial/Refund Period

All of the robots on this site come with a 60 day trial period where if it does not work for you it can be returned for a full refund no questions asked.

The robots that i recommend are below in the order that i like. Pick one that suits you. If you are unsure which one to use i have had the most success with Fap Turbo.

• FAP Turbo
• No Loss Robot
  
• Forex MegaDroid
  
• IvyBot

Step 3 - Setup Robot on DEMO Forex Account
It is very important to simulate the robot on a trading account first to see how the robot will behave on a real account. For example you may see your $1000 Forex Account go down to $900 and then shoot up to $1500 over a few days. If you were trading live you may think that its loosing your money and close all the trades even though this is normal and something you will see all the time (look at drawdown on the Forex main page).

Once the robot has been trading for atleast 2-4 weeks on the demo account and you understand how it works then you should consider opening up a live account.

Step 4 - Open a Live Forex Account
Once you have confidence that the robot works and you understand what it is doing it is time to open a live forex account and make a deposit. It is recommended that a small deposit (such as $100) be used first as you may find you have stronger emotions/reactions when you see a winning or loosing trade because now you are risking real money. As you build up your confidence further then you can start adding more money to the forex account and start seeing bigger and bigger profits being made.

Leaving the computer on 24 hours a day may not be an option for everyone, so in step 5 there is an option that allows you to trade whether your PC is on or off.


Step 5 - Open a VPS Account
Once you are happy to let the robot do it's thing day and night you have the option of renting a Virtual Private Server that will host your forex account and robot. This strategy means that you don't even have to have your computer on for the robot to be trading. Having a VPS is also a form of risk management because generally hosting companies have a number of different connections to the internet, if one goes down you robot will continue to trade.

Another reason why this sort of account is good is you can login to it from any computer anywhere in the world. You also don't have to risk your own internet connection dropping out if were trading on your home pc.

If you are interested in opening up a VPS or a ready now please follow the link below to get started.

www.BBVPS.com