The development of trading robots is perhaps the most exciting trend in Forex trading. Just a few years ago the only people trading with the aid of sophisticated software were banks and large financial institutions. Now the average trader can download a piece of software and have it up and trading on an account in a matter of hours.

It goes without saying there are some real frauds and scams, but there are also some valuable trading tools available. And the good news is that they will become better as competition increases and survival hinges on creating more profitable software.

Today's forex trading software is a far cry from paper charts and ticker tape, and it is transforming how average people can become profitable traders.