Automated Forex Robots - If They Are So Good Why Does Anyone Bother Working

If knowledge is power, then after you have finished this article, you will be feel like Mighty Man when this subject is brought up in casual conversation.

An income for life for $100 sounds a great deal why work then? The answer is of course evident - because they lose money and don't work...

The key advantage you need to look at is - has the forex robot ever been traded in the real world? To find out go down to the disclaimer and you will typically see the next:

"CFTC control 4.41 - Hypothetical or simulated performance fallout have certain limitations. distinct an actual performance record, simulated fallout do not denote actual trading"

The second half of this article will help you to extend upon what you have learned in the first half.

So it's not a footpath record in the real world i.e. its made real dollars it's simply a back analysis on paper and you can't waste that at the shops. The vendor simply gets the minutes and bends his system to fit it and of course as the same price history never repeats closely, the system collapses in real time trading.

anybody who believes that a simulated footpath record indicates future profits is moreover very na?ve or just dumb. sense tells you the footpath minutes on most robots don't add up - you get an income for life and you pay $100! Well if it were proper no one would hassle with a job, they would simply make money with a robot - careful fantasy but that's all it is, it's not the real world.

Do any Automated Forex Robots Win?

Yes there are some good ones and they do make money and you can assume 30 - 100% with the best ones, drawdown is about 20 - 50% and a down period can last up to six months so you are in it for the long term if you want to use one.

There is a great free one the 4 Week regime and its admirable for those seeking long term hard gains, its easy to understand, apply and has a hard footpath record and can be run in around 15 minutes a day.

You can make a lot of money in Forex trading but you won't make it will a robot with a simulated footpath record. If you want to win, get a proven robot, or even better learn to trade manually, get the skills wanted and you will be well pleased for your struggle and can make a lot of money.

This article is the perfect way to gain the information that you need to fully appreciate the complexity of this subject.

Learn More:Author: Jeff Raford
http://jeffraford-currencytrading.blogspot.com/