Forex trading robots are an automatic way of seeking profit potential from global forex markets and the logic is you simply follow the rules and have a disciplined system for profit – that’s the theory but the truth is…
Very few will make you money and the reason is they have never made any “real money” just paper profits in hindsight. You will almost always see this and it makes the track record to present worthless:
“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”.
Will a track record with this on it help you make money? I doubt it.
Don’t fall for the hype check the facts and if you see the above ask yourself why you should trust a made up track record? We would all be rich if we knew the future and tomorrows price now but that’s not life.
Today, most novice traders are looking to take short cuts or think a guru mentor or robot can give them success but the reality is ( as with any venture where there is a lot of money to be made ) you need to do your homework and get the right forex education.
There are good automated forex trading systems out there with REAL track records but you need to keep one more point in mind, if you want to enjoy currency trading success.
Keep this equation in mind:
Forex Trading method + Disciplined Application of = Forex trading Success
When you have a good trading system, you still have to apply it with discipline and keep in mind, if you don’t have the discipline to apply it, you don’t have a system – it’s as simple as that.
So if you find one with a real track record you like make sure that you know how and why it works, so you have confidence in it when it hits a losing period and don’t let anyone tell you otherwise even the best system draw down for weeks or months at a time.
Forex Robots can make money and the above information will put you on the right track in finding one.