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Automated Forex Robots - They Lose Money Despite Claiming Huge Profits

Automated Forex Robots - They Lose Money Despite Claiming Huge Profits

By: Sonia Kristina

Automated Forex robots promise a huge regular income and of course they don't deliver - financial freedom for $100 or so and no effort is fantasy not reality.

If I walked up to you in a bar and said give me $100 and I will give you an income for life with no effort you would laugh at me and think I was joking but in Forex trading, greed takes over and traders happily buy a Forex robot which promises them untold riches for the price of a few drinks.

We will look at how to make money in Forex trading in a moment but for now let's look at the fantasy and reality of Forex robots.

Double Your Income Every Month

Pure fantasy, the world's best managers on millions a year can't do this and neither can any robot.

Trade with less than 1% Drawdown

Another fantasy! If you made a 100% per annum the typical drawdown would be 20 - 40%. The fact is the higher the gain the higher the drawdown that's forex trading and any trader knows this.

The systems are based on Complex Mathematics

The ones I have seen aren't but even if they were, Forex markets don't move to mathematical theories, so complex algorithms won't help - Forex trading is an odds game.

These systems are always developed by some geek ex-trader, or whiz kid but most certainly have no idea about the reality of Forex trading, otherwise they would realize that the above points we looked at, are incorrect and not based on sound logic.

I have seen the track records you may say, sure you have but most are back tested and I have never seen an audit long term of the trades by a well known organisation, of the ones that present real ones.

Fact is if they systems really made the gains the vendors claim, they wouldn't need to sell them, they could simply trade them and become billionaires!

How to Win at Forex Trading

If you want to make money at Forex trading, you need to get yourself a solid Forex education and learn skills.

Anyone can do it and although you have to put in effort, that's life but the rewards for your effort are huge, so learn trading the right way and win. Leave the Forex robots, to the naïve or greedy traders and get on with making some good solid long term gains.

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