Thursday, February 4, 2010

Forex Robot World Cup Reviews - Facts You Need to Know About It

The Forex Robot World Cup has been the talk of the Forex world since it was first announced in late 2009. After 329 robots were submitted to the competition to fight head to head in an attempt to win the $100,000 jackpot for the first prize winner, only 24 survived the qualification phase and made it to the trading phase.
There, the 24 robots went live against each other on live accounts in an attempt to see which was the best one.
The rules of the competition are simple: only non-commercial robots can participate. The robots need to yield a profit of at least $500 to qualify. The competition runs from December 1st 2009 to January 29th 2010. The results of all the robots are shown in real time and updated every 15 minutes.
Here are some facts you need to know about the competition:
1. You can't get any of the robots yet. Until the competition is over none of the participating robots may be sold. Only the official results on the Forex Robot World Bup site will determine the winner.
2. The robots are all working together in real time, simultaneously.
3. The results are open to the public. You can see the top robots' results whenever you wish.
4. There will be some copies of the top robots which will become available to the public. However, this will not happen before the end of January 2010.
There is no doubt that this competition is one of the best ways to find a Forex robot that actually works. In a market full of shady products with questionable quality, this competition is something every Forex trader should pay attention to.
Visit http://forexseer.com/the-forex-robot-world-cup/ to discover more news of this competition.
John Drummond works from home. He writes often on business, trading, and finances.
For more Forex news and Updates visit http://ForexSeer.com.

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