Are there any Forex automated robots that make profit?
July 07, 2009 | Author: admin | Category: automated forexI have tried many automatic robots and none of them did make any profit, only losses.
How can robot know which way the market is going to move???
Traders, please do not be naive and save your money.
All robot developers claim that their robot is the best in the world and that it made a lot of money for them. Oh yes the robot developers made a lot of money by selling the useless robots. They are just a rip-of.
Example is Forexrobottrader from Steinitz – do not buy it, you will achieve only total losses, it is just a rip-of.
Brokers are the same rip-of.
Do not deal with IGindex or IGmarkets. They trade against you and set their own rules. If you create your own strategy and you start making money they will do everything possible and make sure that you loose. They told us strait in our face that they do not want us to win.
They are just a bunch of bloodsuckers.
Wake up.
Save your money.
You have more chances of winning Lotto than by trading.
Take my advice.
You have been warned.
Ex trader
Any so-called "robot" for trading stocks or, in this case, foreign exchange (forex) have to be scams. Think about it: If you invented such a "robot," would you sell it? No, you wouldn’t. You would trade it and become a billionaire, because if it really did work and thousands of people started using it, it would no longer work!
Also, the smartest, Ivy League educated quantitative analysts on Wall Street are paid millions of dollars to develop such systems. Sometimes they will come across one that works for a while, but eventually they all collapse. Hence the implosion in recent years of many hedge funds.
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July 8th, 2009 at 12:30 am
Any so-called "robot" for trading stocks or, in this case, foreign exchange (forex) have to be scams. Think about it: If you invented such a "robot," would you sell it? No, you wouldn’t. You would trade it and become a billionaire, because if it really did work and thousands of people started using it, it would no longer work!
Also, the smartest, Ivy League educated quantitative analysts on Wall Street are paid millions of dollars to develop such systems. Sometimes they will come across one that works for a while, but eventually they all collapse. Hence the implosion in recent years of many hedge funds.
References :
Years of investing experience.
July 8th, 2009 at 12:35 am
Finding the right automated forex robot that will make you rich is a bit like trying to find the holy grail.
If you are new to forex trading then you would be better off choosing a forex trading system, there are plenty of free cheap ones out there that are profitable.
Once you can trade profitably over the long term then I would look for forex robot. But be aware that no forex robot will make you rich with no input. The settings need to be adjusted to take in market conditions and they need to be monitored.
As to brokers, you need to find a broker that is not market maker . dealing desk as these types of brokers make money when you lose and vice versa.
Try Oanda – whilst these are a market maker, I have used them for over a year and have found them to be good and have had no problems with them.
I have listed a few sites below that can help
References :
About Market Makers – http://www.currency-exchange-reviews.com/forex-broker.html
Forex News – http://forex-market-news.currency-exchange-reviews.com/
Forex Robots – http://www.currency-exchange-reviews.com/automatic-forex-trading.html
Independant Testing of the best Forex Robots – http://www.forex-robots.com/
July 8th, 2009 at 1:16 am
There is NO forex signal company that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich.
Forex traders need learn it and master the necessary skill to be successful in forex trading.
References :
Being a forex trader for years.