It's pretty obvious that making money with no effort, by paying just a hundred dollars or so for an income for life. It looks to good to be true and it is but naive traders, still buy Forex robot software and lose. Why do these systems lose money? Let's take a closer look.
If you look at the marketing copy, you will see track records that put the world's top fund managers to shame - not only do Forex robots appear to make bigger gains but they do so with less drawdown!
The reality is though that despite the claims of big gains, there is no independent, audited track record of gains.
You get simulations over past data where the vendor knows all the highs and lows and can buy or sell where they wish, so its pretty obvious they are going to make a profit, as they know all the closing prices!
Other systems present what they say are real results ( with no independent check of course) and a quick look in Forex forums, sees users wondering why they are not making the same gains as the vendor. To clear up why the results differ, it would be good to see a vendor allow the figures to be checked.
The world's top fund managers earn millions and they have not lost their jobs, to Forex robots which claim better track records and cost a lot less and the reason is simply they don't work. Traders who use these Expert Advisors all lose money and wonder why, when the reason is obvious, if they didnt let greed cloud their judgement.
If you want to make money in Forex, stop dreaming about a regular income with no effort and do what all the best traders have done and that's do some work. Sure. you have to make an effort to win at Forex trading but the rewards for this effort can be life changing.
Article Source: http://EzineArticles.com/?expert=Sonia_Kristina
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