Most New traders in currency trading buy automated Forex trading robots for a couple of hundred dollars or less online and think there going to get rich with no effort but they soon lose all their money. So why do all these automated systems lose money? Let’s take a look in more detail.
The rise of Forex trading online has seen a huge number of cheap systems for sale and nave traders buy them but if they stopped to think about the message these robot vendors sell its obviously to good to be true and when it looks to good to be true it always is!
You are supposed to believe that for spending a small amount of money, you will get a lifelong income month after month and best of all you make no effort while the dollars roll in, its a laughable message and a quick look at these systems shows you, the track records they present are not true.
You will find claims of gains that even the worlds best traders couldn’t achieve and these guys are paid millions or hundreds of millions in salaries and bonuses now, if cheap robots did work, you would find banks would replace their dealers with this cheaper alternative but that hasn’t happened and the reason why is – the robot track records are made up.
Ever seen an audited or verified track record from a robot? Me neither. All you are given are simulations which are done backwards knowing all the highs and lows and the robot vendor fits the system to the data to make a profit. Robot vendors know the public is getting wise to this so instead they present what they say are “real results” but guess what? There is no verification from an independent source that the gains are true.
Learn to Trade Forex the Right Way and Win
If you want to make money at Forex trading, you need to keep away from the cheap automated Forex robots and learn to trade the right way. Anyone can learn to trade successfully but you have to work and learn the basics. Now for people who are prepared to put in some time and effort the rewards can be life changing because there is no other business which can reward you so well for your effort as trading currencies.
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