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Jan
14
2010

USDBOT FAQs – Part 1


Q: What is the USDBOT System in simple terms? What does it do? I’m lost..

1. USDBOT is an automated forex trading robot. It will trade on your brokerage account automatically without any intervention. Once you set it up (5 minutes or so), it will run on its own. USDBOT, as we like to call it, is a neural adaptive robot, which means that it has a built in database of common forex strategies used by a majority of forex traders out there. The robot works against these strategies and the market to generate steady consistent profits. Additionally, we have applied a trading strategy used by our veteran forex traders over the years to earn high returns to the USDBOT System. This combination makes USDBOT a very powerful system to have. The robot adapts to ANY market condition and will follow any market trend to exploit it to generate a profit. There hasn’t been a robot made so far that can do this. It’s much more involved than that, but for a simple explanation that covers the highlights.

 

Q: I don’t know anything about forex…how hard is it to open a brokerage account and does it cost anything? Is there a minimum deposit requirement?

1. It couldn’t be easier…We will recommend the brokers you can use and even guide you STEP-BY-STEP on how to get started. Any meta trader 4 platform based broker would work. Opening an account is completely free of cost and unlike stock brokerage accounts, there are no transaction fees per trade in the form a flat commission. Most forex brokers will allow you to start with as little as $1.

2. Our members area is extremely comprehensive and every step is detailed in a PDF file as well as with an accompanying video. And if you still have questions, we have a live chat support available in the members area as well as fast e-mail support.

 

Q: Does the USDBOT System work on 4 digit or 5 digit brokers?

1. It works on both. We have included a settings file for both 4 and 5 digit brokers.

 

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