Automated Forex Robot Trading - Why You Will Lose with FX Robots
Automated Forex Robot Trading - Why You Will Lose with FX Robots
With the rise of the internet, we have seen the rise of the vast number of vendors selling cheap Automated Forex robots. There a popular choice for most novice traders but instead of regular profits the trader gets wiped out - let's look at why.
The majority of robots cost under a hundred dollars but promise huge profits and even better, they always have low draw down. So trade a $1,000 on most of of these systems and on the track records presented, with compound growth your destined to make hundreds of thousands or dollars or even millions, within ten years and all for the cost of a night out!
Let's be clear the growth to draw down most of these robots present is better than the top traders in the world earning six or seven figure salaries and anyone, who thinks they can do better spending a hundred dollars is either very naive or stupid.
The track records are made up and no audit by a well known audit company is presented to back up the claims of profit.
How to Really Win at Forex Trading
It perhaps won't surprise you to learn, that you have to do your homework and make some effort, just like you do in any other business or profession.
The good news is anyone can learn to be a Forex trader and for the amount of work you have to do, there is no business on earth which can give you the potential gains Forex trading can. If you have a desire to succeed and the motivation to study and learn, Forex trading success can be yours - it really is that simple.