Forex Trading Robots – Why Don’t We Quit Our Jobs And Use Them?

I checked the history of a forex trading robot the other day and if my trading account size was in their history I would be making $324,000 a year! Not bad for an outlay of a few hundred dollars. People fall for these backgrounds, but they always lose, why?

Because they are greedy, they think forex trading is effortless, or they simply don’t read the disclaimer that is hidden in the fine print.

If you see a history of an automated forex trading system on the net with this disclaimer then it probably means an equity removal here it is:

“CFTC RULE 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trades. Additionally, since trades have not been executed, the results may have offset in excess or in excess of the impact, if any, of certain market factors such as illiquidity Simulated trading programs are also generally subject to the fact that they are designed with the benefit of hindsight. statement that any account will or is likely to achieve profits or losses similar to those shown”.

So it’s not real-time earnings, but paper earnings made looking back! Would you trust the above?

I know I wouldn’t!

It amazes me how many people buy these untested systems.

Most of the track records are so good that one wonders why the seller bothers to sell it: he could make enough money trading it. Of course not, because he knows he won’t win and that’s why you never see real time history.

Do you see them used by smart forex traders, do you see them in bank trading rooms or do you ever see someone who has made money long term with them? No, he does not do it.

Today there is a huge industry in these trading systems and they attract naive and greedy traders, who do not want to make money without effort.

Of course, in life you get what you put in and forex trading is no different.

Trading forex can offer you the ability to make huge profits and even a life-changing income, but you need to have the right mindset and get the right forex education.

A forex trading robot will probably destroy your capital, but you don’t have to take the lazy path!

Forex is challenging, exciting, with great rewards, so rise to the challenge, get the right forex education, and you can enjoy success in forex trading.