Automated Forex Software - Why All the Cheap Forex Robots Destroy Equity Quickly!

You will see numerous automated Forex software packages sold for a couple of hundred bucks and they all claim, they can give you a lifelong income for this small fee - it looks to good to be true and of course it is, as users soon see their accounts turned to dust - lets look at why they lose.

Let's look at a simple statistic - 95% of currency traders lose money and that's a big percentage! If it were as easy to make money as plugging in a cheap piece of software, a lot more traders would win and they don't furthermore, why would anyone bother to work? They could simply get a lifelong income for a couple of hundred of dollars or even less!

So why do ALL these cheap automated Forex trading systems lose money?

Check the track records and you will see claims of huge gains but not ONE of these systems, can produce an audited track record of real money gains! So how do they manage to show such huge gains? Simple they make them up:

The track records are just based on simulations going backwards, knowing all the closing prices; well how easy is that? So easy, my 12 year old niece could do it but I wouldn't trust her to trade my money!

You do get some vendors who put up on their sites account statements and say there true but you have to take their word for it and personally, I don't want to take the word of the person selling the system.

If you are serious about learning to trade forget software packages, with claims of huge profits with no drawdown, its fantasy not reality and if you want to win, get yourself a good Forex education. While you have to put in some effort no other venture will reward you so well for the effort you make.

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