Most new traders buy a ready made Forex Expert Advisor for a hundred dollars or so and think they can plug it in and get rich with no effort but none of the heavily advertised Forex Robots or Expert Advisors, ever make money here's why...
The Forex software you see heavily advertised comes from marketing companies and none that I know of, have been developed by successful traders. If you look at them, they all claim to have made a lot of money but none of them, ever produce a track record of gains that's been verified.
The Forex software you see heavily advertised comes from marketing companies and none that I know of, have been developed by successful traders. If you look at them, they all claim to have made a lot of money but none of them, ever produce a track record of gains that's been verified.
The track records are either, simulations going backwards knowing the closing prices or unverified figures from the vendor selling the system! The reason you don't get a real track record is simple, they don't work. Anyone can make a system fit the data and win, when they know all the closing prices but as no two data sequences ever repeat exactly the same way again, this is doomed to failure when the system is traded in real time.
Think about it - If you really could get rich by spending a hundred dollars or so and making no effort, there would be no credit crunch and a lot's of job vacancies, as everyone would give up their day jobs and be trading!
95% of Forex traders lose money and if you want to win, you need an education it really is that simple. You need to make a effort and learn skills and if you do this, you will be rewarded with a great second or even life changing income.
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