Forex Robots – Can You Really Make Money And Which Is The Best Of All?

Most Forex robots will lose you money and that’s a fact but there are a few that can make you big gains but how do you find them and what amount can you realistically expect to make? Let’s find out…

The first point to make is most of the Forex Robots you see online offer track records that are a fantasy and in no way will they be repeated in reality.

You see huge profits with no drawdown but when you go and look at the small print and waning what do you see?

It’s a back tested simulation in hindsight, with the comfort of knowing all the closing prices so you can decide at your leisure knowing all the facts where to buy and sell!

These made up track records are of little use in indicating future profits.

If ever you see an automated Forex trading system with a back tested track record with huge gains pass it by – it’s made up and will lose in the market.

If you are looking for Forex Robots which are likely to make you money, go for the comfort of a real time track record. While this doesn’t guarantee you will make profits yourself with it, at least you can see it has made real money and based on sound logic, rather than paper money which prove nothing.

Look around and you will find a few which have these track records and you can even find a few good ones which are free.

We have written frequently on the 4 Week Rule which is an excellent system which is simple to understand, apply and has been making big gains for a quarter of a century.

Many vendors will tell you that you don’t need to know anything about Forex trading when using a trading system – you can just follow the trading signals.

This is rubbish.

All traders need to have the discipline to follow a system through periods of losses, so you need a solid forex education on how and why markets move and why the logic of the system will win long term to stay with it.

Always keep in mind – you are going to have to have the discipline and confidence to follow your system through long periods of losses and you will only do this with discipline which is based on education which leads to confidence in what you are doing.

The gains you can expect with the best automated Forex trading systems are somewhere between around 30 – 100 percent per annum with losses into equity of say 20 – 50%. Losing periods to recovery and a new high from a loss vary somewhere between a few weeks and few months.

Forex robots can make great gains but there long term and require confidence and discipline to follow through short term losses. If however you can find the right one there is no quicker and easier way to make big profits long term in Forex.

By: Sonia Kristina

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