Forex Software - The Fatal Flaw They All Have Which Sees Users Lose Equity Quickly

Forex software is popular with new traders but no experienced trader would ever use one of the cheap, heavily marketed Forex robots or Expert Advisors - why? Because its obvious, they don't work and here we will look at why they lose money.

The fact is these systems never present, verified results over the long term.

All the vendors do is simulate backwards and bend their systems to fit past price data and of course, they make a profit but its not exactly hard to make money, when you know the closing prices in advance!

The problem is the system has to be bent to fit the data and the area that needs to suffer to achieve big gains with no drawdown is money management. I saw one system, that risked several thousand dollars to make less than a hundred! Now, you would only do that going backwards, as you know you will make a profit but in the real world of trading this is madness.

All the cheap, Forex software packages have poor money management and leave stops to wide and take to much risk or have them to close within random volatility. When these systems are traded for real and don't know the price in advance, they all lose quickly.

There are some vendors who claim real money gains but they never produce any evidence which has been checked by a neutral party. I would not want to rely on figures from a vendor selling the system and most savvy traders wouldn't do so either.

If you think that you are going to pay a hundred dollars or so and get rich with no effort, you will end up disappointed. If Forex trading were that easy, no one would bother to work and 95% of Forex traders wouldn't lose money.

If you want to win at Forex trading forget about making no effort and learn to trade correctly; learn skills and get confidence inn what your doing and you can win , trust a cheap software package and you will lose.

Forex trading offers a great second or even a life changing income, to traders willing to make an effort and if you make an effort you will be well rewarded.

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