Forex Robots - Why Do They Always Lose Money When the Track Records Always Make Big Profits?

You will find numerous cheap robots for sale online and they all present track records of huge gains but the reality for users is they lose money quickly and the reason why is the subject of this article. Let's look at why Forex robots lose money.

First, think about what you are being offered for a one off cost of under $200.00:

A lifelong income, and for this income you have to make no effort! All you do is plug the robot in and it makes money for you with no further effort on your part. If I came up to you, in the street and said give me $200.00 and you can have thousands in return each month, you would laugh at me and not believe me but traders who buy cheap robots, are doing exactly the same and they lose money!

So how do Forex robot vendors produce such great track records?

Well if you look closely, there is never any evidence of making any real money presented! All you get are, simulations over closing data going backwards, where the vendor bends the track record to fit the data and make a profit. Of course, this is so easy, my 9 year old son could do it but it's a lot harder trading without knowing the closing prices. You do get some vendors who say their results are "real trading" but you have to take their word for it, as there is no audit from a reputable outside source.

Anyone who really thinks, they are going to achieve better gains than the world's top fund managers ( who are paid millions in salaries) with less draw down, by buying a two hundred dollar robot is going to end up disappointed.
You can make money trading Forex but you need to make an effort and learn your trade, just like you do in any other business however if you make the effort, you will be well rewarded for time with a great second income in around 30 minutes a day. So forget the get rich quick Forex robots and learn the basics of currency trading success.

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