The cheap Forex robots sold online, all produce great track records but they never make the same gains for users - in fact the user normally gets wiped out quickly, if you want to know why then read on.
Think about the fact these vendors are offering you an income for the rest of your life, you have to make no effort and all you do is pay a one off cost which is the same as a dinner out for two - sounds to good to be true doesn't it? Now let's look at the track records and they are not all they seem at a first glance.
When someone claims to have made money, you would have thought they would have actually made real dollars but look for the disclaimer below and you will see the track record is not real at all and the system has not made real dollars here is a typical disclaimer:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Now don't know about you, but trading backwards knowing all the highs and lows is easy but trading forward, without knowing this data is the hard part of Forex trading!
A simulated performance means nothing in terms of future profits and while the mass produced robots produce better track records than the world's best traders, bank and investment houses have not rushed to sack their dealing teams who of course are on multi million pound salaries and the reason is obvious these systems don't work. No serious trader would use these systems but novice traders do, as there naive or greedy or both and they lose.
If you want to make money in an area where 95% of traders lose, you need to learn skills but the good news is, make an effort to learn currency trading the right way and you can make a great second income. all you need to do is spend a few weeks learning your art and then you can be trading like a pro in around 30 minutes a day. Sure you have to put in some effort but for the effort you have to put in the rewards are enormous.
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