When you look at most Forex robots the gains are so big and drawdown so small there laughable. It's obvious why most systems lose and you only have to look at one key point to see why and we will discuss it in this article...
Look at the track record and then hunt around for the warning and disclaimer and chances are you will find this:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading.
So its not real money, it's a back test. I don't need to tell you how flawed this is in terms of indicating future profits - real trading not knowing the closing price is a completely different and harder game to play.
If you think about it your average simulated Forex Robot costs 100 dollars and claims to give you access to a regular income and trade the markets like a pro with no learning curve necessary - well life is not that simple or easy.
No serious traders I know would consider using a robot with made up track record and if you do then let me know if you make gains in line with the simulations presented.
If you want to make money at Forex you can but don't use a Forex trading system with a simulated track record, go for the real deal of real dollars made in the market.
Even if you do find a good system, learn how and why it works so you have confidence to follow it through periods of losses until you hit a home run.
Winning With a Forex Trading System and a Free one For Big Long Term Gains!
Long term an automated Forex trading system can make you healthy profits just avoid the simulations and go for real time performance or you will end up disappointed and an equity wipe out.
If you want to check out a great Forex Robot that's FREE and made big real time profits, check out the 4 Week Rule, its easy to use and understand and has made millions for savvy traders for decades.
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