| Forex trading robots are sold as an easy way to | | | | when they trade forward not knowing this key data, |
| make money with no effort so, why don't banks and | | | | they fail and lose money. |
| major dealing houses sack their dealing teams and | | | | Because these systems have bent a track record to |
| save millions in annual salaries - Why? Because Forex | | | | fit the data in hindsight, don't have any proper money |
| robots lose money... | | | | management rules. Losses are huge and as money |
| It never seems to occur to traders that the Forex | | | | management is the key element of successful Forex |
| robots sold heavily online, say they have better track | | | | trading, a wipe out of equity soon occurs. |
| records than the world's top fund managers and yet, | | | | As yet, no major banks, brokerages or fund managers, |
| anyone can get instant wealth (if you believe the sales | | | | have sacked there dealing teams on millions of dollars |
| copy) by spending just a few hundred dollars. Doesn't | | | | in salaries and replaced them with a team of Forex |
| add up does it? | | | | robots. |
| The reality of Forex Robot trading is that users quickly | | | | The buyers of these robots tend to be naïve or |
| lose money, because the robots don't work and are | | | | greedy investors, who dream of instant riches and are |
| based on unsound logic. | | | | rewarded with a wipe out of equity. |
| They use back tested simulations over historical data | | | | If you want to win at Forex trading, get yourself a |
| and then a make hypothetical track record of gains | | | | decent Forex education, learn skills and your efforts will |
| but this is easy, as you know all the closing prices and | | | | be well rewarded. |