| Common sense should tell forex traders, that the vast | | | | not exactly unbiased! |
| majority of forex robots promoted online don't work | | | | Another argument for using them is, you get a 60 day |
| and destroy equity - but traders buy them despite | | | | money back guarantee on the software price. |
| these facts. | | | | True- but that's not compensation if you lose your |
| Let's take a look at how the world of trading would | | | | money trading. |
| look if they did work | | | | Let's have a reality check: |
| - Individual traders could quite their jobs and all they | | | | Forex trading is not something you just stroll into and |
| have to do is buy $100 buck software package for a | | | | treat with disrespect. |
| lifetime income! | | | | 95% of traders lose, if you believe you will get |
| Umm haven't seen this happen yet. | | | | something for no work and $100.00, the market will |
| - Banks and brokerages, wouldn't need fund managers | | | | teach you some respect. |
| as, the robots claim they have better track records. | | | | In forex trading too many people think they can trade |
| Funny, all the dealers I know still have jobs! | | | | with no effort, no risk and make triple digit gains and |
| Isn't it obvious the track records aren't true? | | | | that's not the world of forex trading. |
| Just check the disclaimer and it will see the record has | | | | You can win with forex robots and some have good |
| been made up (apt wording) knowing the closing | | | | solid track records - but they all have drawdown (of |
| prices, so it classes as a "simulation". Now to me, I can't | | | | weeks to months) and normally by around 30% and |
| spend a simulated dollar so it's not really of any use, its | | | | the best ones, will compound about 30 -50% annually, |
| real dollars that count. | | | | depending on the drawdown you can tolerate. |
| What is the point of a robot that hasn't made money? | | | | Now these are solid gains, with realistic drawdown, |
| Why would anyone trust a made up track record, it | | | | serious traders use them and know how they work |
| doesn't make sense. | | | | and exactly what to expect under real conditions. |
| Of course you get a lot of people saying how they | | | | The forex robots you see heavily advertised will |
| have made money with the robot, have given up their | | | | simply wipe you out. |
| jobs etc - but take them with pinch of salt. When you | | | | Really if you thought about a triple digit income for the |
| see these you will soon see an affiliate link nearby and | | | | price of a lunch - Doesn't really sound true does it? |
| that means - they get paid if the software is sold. So | | | | |