Forex Robot Trading - The Key Reasons Most Lose and How to Spot a Winning Robot

You will find numerous cheap robots which promiseby firing there dealing teams and replacing them with a
you huge gains with low drawdown and even better,hundred buck robot and of course this has not
you don't have to do any work! Who wouldn't want ahappened. Despite all the huge claims of profit these
life time income for just the cost of a good night out.robots make, most have never made any real money!
Let's look at the reality of Forex robot trading and seeJust check the track record and you will find the track
which lose, how much you can make with a good onerecord is simulated on paper ( which means done on
and how to find one.paper knowing all the closing prices) or you get results
If you want to spot a losing Forex robot just look atdirect from the vendor, who is selling the system with
unrealistic claims and you will find plenty and all theno outside check. Quickly go to some forums and you
following statements are not true:will see users, who are bemused there not getting the
- Make a regular income monthlysame results!
- Make Over 500% with Less than 10% drawdownUnless, the track record is audited and from a neutral
- Trade with 90% Accuracy or moresource pass the system by. You need audited results
- Predict Future Price Movements in Advance withbut how much can you make with the best robots?
Artificial IntelligenceYou can make up to a hundred percent per annum
There are many more but the above statements arewith the best which is a great return but you will get
laughable and if they were true these robots would bedrawdown too and these drawdown periods will last a
turning in better numbers than the world's top tradersfew weeks to a few months and be in the region of
like George Soros.30%.
In addition, if they were true, banks would save billions