Automatic Forex Robot - Why Professional Traders Don't Use Them and Losing Traders Do!

If you are considering buying, one of the huge amount of cheap, automatic Forex robots that are sold online and thinking it will give you an income for life for the cost of a good night out, you might want to consider that despite most packages claiming astronomical gains professional traders, banks and investment houses don't use them...

So why don't professional traders use them? You have probably guessed the answer already - they don't work. If you want to know why the robots sold for a hundred dollars or so don't work. All you need to do is look at the track records and you will see gains that are better than George Soros could achieve, with less draw down so they can't be true can they? The answer of course is no...

If you take a close look at the marketing material, you will see no evidence of an independent track record.

You just just back tests over historical data, knowing all the closing prices or so called "live results" which are not live at all and come from the person selling the robot. Live results are not audited results and if the vendor was so confident in his system, why not do an independent audit? You have probably guessed the answer to this question already.

In a business where 95% of traders lose money, achieving huge gains by spending around a hundred dollars and making no effort is fantasy not reality.

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