Pips Leader
Posted by Noman Manzoor | Posted in Forex Trade
After spending an hour or two researching this system I found enough evidence that showed that Pips Leader is not the typical garbage Forex robot that is launched on a weekly basis. Pips leader uses what is called a “basket trading” strategy, which can be very effective if you understand the risks involved and enforce strict money management rules.
I have read many reviews from users of the Pips Leader system and I have to say that it was hard to find any negative comments about this product. Those who did lose money or gave Pips Leader a bad rating didn’t seem to understand the money management requirements of this system.
A Basket trading system like this can have up to 30 or more open trades at any given time, so it is important to understand what your percentage of risk is in order to avoid margin calls. While the Pips Leader Homepage states that you can start with as little as $300, the amount of margin used on such a small account will be way too high and the general feedback from customers is that the optimal account size for Pips Leader is $2000 or more.
I am very impressed with what I have found about Pips Leader so far and decided to make this the 2nd Forex robot that I will test in 2009, in addition to the recently launched Forex Megadroid. Check back regularly or subscribe below to see my latest trading results using this system.
I have read many reviews from users of the Pips Leader system and I have to say that it was hard to find any negative comments about this product. Those who did lose money or gave Pips Leader a bad rating didn’t seem to understand the money management requirements of this system.
A Basket trading system like this can have up to 30 or more open trades at any given time, so it is important to understand what your percentage of risk is in order to avoid margin calls. While the Pips Leader Homepage states that you can start with as little as $300, the amount of margin used on such a small account will be way too high and the general feedback from customers is that the optimal account size for Pips Leader is $2000 or more.
I am very impressed with what I have found about Pips Leader so far and decided to make this the 2nd Forex robot that I will test in 2009, in addition to the recently launched Forex Megadroid. Check back regularly or subscribe below to see my latest trading results using this system.
Comments (0)
Post a Comment