An income for life for $100 sounds a great deal why work then? The answer is of course obvious - because they lose money and don't work...
The key point you need to look at is - has the forex robot ever been traded in the real world? To find out go down to the disclaimer and you will normally see the following:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading"
So it's not a track record in the real world i.e. its made real dollars it's simply a back test on paper and you can't spend that at the shops. The vendor simply gets the data and bends his system to fit it and of course as the same price history never repeats exactly, the system collapses in real time trading.
Anyone who believes that a simulated track record indicates future profits is either very naïve or just dumb. Logic tells you the track records on most robots don't add up - you get an income for life and you pay $100! Well if it were true no one would bother with a job, they would simply make money with a robot - nice fantasy but that's all it is, it's not the real world.
Do any Automated Forex Robots Win?
Yes there are some good ones and they do make money and you can expect 30 - 100% with the best ones, drawdown is about 20 - 50% and a losing period can last up to six months so you are in it for the long term if you want to use one.
There is a great free one the 4 Week Rule and its excellent for those seeking long term solid gains, its easy to understand, apply and has a solid track record and can be run in around 15 minutes a day.
You can make a lot of money in Forex trading but you won't make it will a robot with a simulated track record. If you want to win, get a proven robot, or even better learn to trade yourself, get the skills needed and you will be well rewarded for your effort and can make a lot of money.
NEW! FREE PDF REPORTS Get free essential forex trading Pdf's and more Essential Forex Education visit our website for more essential wealth building info at: http://www.forextrendfollowing.com |
No comments:
Post a Comment