How many cheap Forex trading systems do you see online? Loads and how many make money? None of them and the reason is obvious why and is the subject of this article.
The systems all sound great - better track records than the world's top fund managers, with less drawdown and all you have to pay to get a lifelong income is a mere hundred dollars or so and surprisingly huge traders believe the message the vendors tell them even though it obviously looks to good to be true.
Lets state some facts in relation to Forex automated software packages
1. The world's top fund managers have not been sacked and replaced by a cheap piece of software, despite the fact the robots present better track records and any serious investor would never consider one of these packages, because they don't work.
2. None of the cheap robots, ever supplies a real time audited track record of real results. You get figures from the vendor selling the system or back tests on historical data, done knowing all the closing prices which is so easy a child could do it. So these systems claim they can make you rich but they have never made any money themselves that can be verified to support there claims!
3. 95% of Forex traders lose money and if these systems really did work, a lot more traders would win but they don't.
If you want to win at Forex trading forget the get rich quick software and focus on getting a proper Forex education and doing some work - it's the only way to win and this will always be so but the good news is for the effort you put in the rewards are enormous for your effort.
The systems all sound great - better track records than the world's top fund managers, with less drawdown and all you have to pay to get a lifelong income is a mere hundred dollars or so and surprisingly huge traders believe the message the vendors tell them even though it obviously looks to good to be true.
Lets state some facts in relation to Forex automated software packages
1. The world's top fund managers have not been sacked and replaced by a cheap piece of software, despite the fact the robots present better track records and any serious investor would never consider one of these packages, because they don't work.
2. None of the cheap robots, ever supplies a real time audited track record of real results. You get figures from the vendor selling the system or back tests on historical data, done knowing all the closing prices which is so easy a child could do it. So these systems claim they can make you rich but they have never made any money themselves that can be verified to support there claims!
3. 95% of Forex traders lose money and if these systems really did work, a lot more traders would win but they don't.
If you want to win at Forex trading forget the get rich quick software and focus on getting a proper Forex education and doing some work - it's the only way to win and this will always be so but the good news is for the effort you put in the rewards are enormous for your effort.
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