Forex Trading Robots - If You Want to Lose Your Money the Majority Will Help You Do it Quickly! By Samuel Leslie Berkovits

Forex trading robots are sold heavily online and most are simply a fantastic way to lose money quickly. There are few good ones and by asking one question you can get rid of the vast majority of losers The question to ask yourself For all there talk of making you money most of the forex robots have never made money - that's cold hard crisp dollars in the real world, all they offer is a back tested simulation in hindsight and a test over a sequence of price history. When you know what has happened, it's not hard to make money - but when you don't know it's a lot more difficult. The normal disclaimer you will see is. "CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading" "Certain limitations" is an understatement and of course, the disclaimer goes on and then concludes with how much use a simulated track record is: "Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown". I am constantly amazed by traders taking these track records seriously. If they were true, they would be producing more than some of the top fund managers in the world furthermore, what always makes me laugh is they rarely have any losses that last long and that's just not real life. You can get some good robots - but you have to hunt about and find the ones with real time track records and keep in mind there not just a hundred bucks expect to pay 1,000 + for a decent one - but they can make the money you spend on them many times over. The online forex revolution has seen a vast number of people thinking they can win with no effort, encouraged by vendors and enticing advertising copy. Forex trading requires effort! If you buy a forex robot you still need to check how and why it works, so you have the confidence and discipline to follow it. In my view forex trading offers huge rewards for people who will make an effort and learn the basics and get their own forex trading strategy together - anyone can do it and anyone can win but you must as in all areas of life that yield rewards make an effort and forex trading is the same. NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's and a successful FREE Forex Robot and an exclusive risk free Forex trading Course visit our website. Article Source: http://EzineArticles.com/?expert=Samuel_Leslie_Berkovits