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If I Told you - give me $100.00 and I will give you financial freedom, for $100 you would think I was crazy yet, that's what Forex robots buyers do. Yet, it's obvious why these automated trading systems don't work...
All you have to do with the ones that are sold with ridiculous hyped copy is to look at the disclaimer and you will see why it is likely to lose:
The Track Records are Made Up!
The track record is no more than a simulated back test, knowing all the closing data!
Could you make money, by buying and selling on a Forex Chart when you know where all the tops and bottoms are?
Yes, you could, I could and so could my 10 year old niece in fact, anyone could.
Its amazing traders think these simulations will repeat themselves with real profits but all they get is an equity wipe out. Many traders are tempted by the fact they get the fee for the forex robot rebated within 60 days - but they won't get their trading account losses rebated.
You are also told you can trade it in a demo account - but a 2 month test proves nothing, anyone can be lucky - but chances are, it will lose anyway and in the meantime, the vendor will have gained some cash flow.
Why Doesn't The Vendor Trade the System?
Of course he wouldn't need it if the robot worked but normally their sensible enough not to trade it themselves, despite the fact the track records would make Warren Buffet proud!
A Free Robot that Makes Money!
If you want to win at forex trading and use an automated Forex trading system, then you need one with a real track record, over a few years. They cost more than $100.00 but you get what you pay for. There is also an excellent free one, we write on frequently - the 4 Week Rule which will beat any of the sold ones longer term.
Get Real Results
If you want to win, get real results and make sure you understand the logic the system is based on, so you can follow it with discipline through losing periods ( and yes you will have them) until you hit a run of profits.
You Can Win Just Remember This
Forex robots sold with simulated track records are simply are not a way to enjoy currency trading success. If you want to lose money quickly avoid them. If you want to win get the right Forex Education, a system with real results and you can enjoy currency trading success and leave the simulations to other losing traders.
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