Best Forex Robots - Can You Really Make Huge Gains With No Effort?
There are a few Forex robots which compete for the title of the best Forex robot but it is really possible to make huge gains with no effort and for spending the cost of a night out. - Let's take a look and find out.
Before we look at the Robots consider this fact:
Banks and brokerages, pay their top dealers millions to hundreds of millions in salaries and bonuses but none of these top traders could present a track record which is as good as the best Forex robots present which begs the question:
Why have the banks not sacked their dealers and replaced them with cheap robots?
The answer of course is the robots never produce the gains they claim and instead, most traders who use them get wiped out. The robots are well promoted but all lack a long term real track record of gains which is audited by a respected outside source. What you get are figures which the vendor claims are true (with no audit) or simulations going back over past data which means when the vendor constructs the track record he has all the highs and lows and can bend the system to make a profit!
Of course, trading without knowing the closing price is the challenge of Forex trading and these systems soon get taught some respect by the market, when the user trades them for real.
There will always be people, who are naпve enough to buy these systems and just like other get rich quick systems in gambling or horse racing, they lose. Always remember - "if it looks to good to be true it probably is" and that applies to all the get rich quick software packages that promise you a life of financial freedom for a hundred dollars or so.
Forex trading can give you great gains, if you learn the basics and for the effort you have to put in, no other industry can reward you so well as global FX trading.
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Added: 07 февраля 2010
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