Forex Robots - The Dream of Big Profits But The Reality is Losses and a Wipeout of Equity

By Sonia Kristina

Forex robots are popular as they give the impression you can make huge gains with no effort and pay $100 for a lifetime income. The reality however does not live up to the hype for one simple reason...

The reason is that the robots claim bit profits but have never made any!

If you see a track record of big gains on a robot look at the small print and you will see that there back tests so the track records are simulated and done in hindsight on paper. Well this is no evidence that the robot will make money for you or any other user. Anyone can make money knowing all the facts and bend the rules to fit past data - but that's not the real world of forex trading.

In forex trading you have to trade going forward and you don't know what will happen next - this is the real world of trading and it's much harder than making up a profit in back testing.

Common sense tells you that if the robots really did make the gains they claim the following would occur:

1. There would be a jobs shortage, as everyone would have a huge income for simply paying $100.00 and be trading.

2. The vendor would be so busy making a fortune he would have no reason to sell his great system or if he did it, would be very expensive at tens or even hundreds of thousands of dollars.

3. Banks, brokerage and hedge funds, would sack there management teams on millions of dollars per annum and have better results for $100 outlay!

Now none of the above has happened and the reason is obvious - Forex robots never produce the gains they claim in fact, the user normally takes an almost instant wipe out.

You can make a lot of money in forex trading - but you have to get the right forex education and understand it's not easy - that's why 95% of traders lose their money.

If you want to make money in forex then you can, don't fall for the fantasy land of forex robots, understand the reality of a good forex education and the discipline to apply what you have learned, is the key to currency trading success.

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