Forex Expert Advisor Software - Why They Lose and Destroy Equity

Most Forex expert advisor software will not make you money; on the contrary it will wipe your account out and do it quickly. The reason for this is obvious and all you need to do is check the following point and you will understand why...

All Forex Expert advisor software comes with a track record and when you see it looks fantastic! You see gains on the charts, the world's best fund managers would be proud of and all for around $100! - but the catch is:

The track record is not from trading in the market and is not real dollars at all!

Simply go to the bottom of the copy and look at the disclaimer and you will see the words - "Simulated", "hypothetical" and "back test"

As the disclaimer will also say a back test has "certain limitations" which of course true and the limitation is - the vendor knows all the prices and can sit down and buy any top or bottom he feels like and make profits - How difficult is that?

Well anyone can become a millionaire if they know tomorrow's price today - but that's not going to happen and these systems collapse in real time.

Of course you can also wonder if the software is doing better gains than the world's top fund managers paid millions of dollars, why the vendor doesn't do one of the following:

1. Keep quite, trade and make a fortune and not bother you for 100 bucks

2. Up the price of the software from a $100 to $100,000 or a $1,000,000 or more - because that's what a bank or brokerage would pay if the gains could be repeated. Of course any bank or serious trader would never take them seriously because they don't repeat their simulated gains.

If you can find a Forex Expert advisor with a real track record, over the long term that matches their simulation let me know, because I have never seen one and neither will you.

The Real and Only Way to Make Money in Forex Trading

You won't be surprised to learn that the route to success in Forex trading means you have to make an effort learn the right education and pay your dues. In all areas of life where big gains are to be made, some effort is required, that's life.

Now Forex trading offers you the opportunity to make a great second or even life changing income and the rewards more than compensate for the effort required.

Anyone can learn forex trading and anyone can win with the right Forex education and the right mindset to succeed. So forget the fantasy world of Forex robots and expert advisors and make an effort and you will enjoy currency trading success.