| Forex robots are the choice of most novice traders | | | | goes risk and double figure drawdown is inevitable. |
| and here, we will look at some facts that you need to | | | | "You Don't need to know what you're doing to trade |
| know before buying one... | | | | with a Robot" |
| Forex robots are a great way to lose money, so let's | | | | Now this statement is true! You don't you follow the |
| look at the claims the vendors make and the facts | | | | signals but what's the point of following something that |
| about robot trading which means you should avoid | | | | loses? Go to the casino if you don't mind losing, at |
| them. | | | | least you will have more fun. |
| "You can Double your money Each month" | | | | "The Cost is just a few hundred dollars" |
| If you could double your money each year, you would | | | | You get the hype about how cheap they are and they |
| be up there with the best traders in the world, no robot | | | | are so cheap because they don't make any money. If |
| makes gains like the above except in paper back | | | | they really did make the gains they claim, they would |
| tests. | | | | be worth hundreds of millions of dollars. |
| "You Can trade with 90% accuracy" | | | | So it's no surprise to learn that the easy money the |
| The robots claim you can predict the future with their | | | | vendors of these systems claim you can make is not |
| algorithms but of course no one knows the future and | | | | the reality for the users of these systems. All the |
| prices cannot be predicted. Markets don't move to | | | | heavily hyped robots make no money and never will. |
| mathematical certainties, they move to probabilities so | | | | If you want to make money at Forex trading, get a |
| you can forget trying to predict them. | | | | decent education and learn skills and you will be well |
| You can trade with less than 1% drawdown | | | | rewarded for your efforts and enjoy currency trading |
| If you are trading Forex and aiming for triple digit gains, | | | | success. |
| this is impossible. It's an investment fact with reward | | | | |