Forex robots - 4 main points which we destroyed the majority of shares
Tuesday, 5 August 2008
Forex Trading robots are promoted as a means of financial freedom but common sense tells you that they are unlikely to do it for you otherwise the world would use them and they do not. Here are 4 reasons why you'll probably lose your money.
-- The track records are not real commercial
The background to look wonderful. Huge gains with little or no levy, but of course there is a catch - This is not a real roadmap to all its fair commercial paper.
"CFTC RULE 4.41 - hypothetical or simulated results have certain limitations. Unlike an actual performance, simulated results do not represent the reality of negotiation"
Look in the disclaimer and you normally see above, of course, the fact that you can earn money back means nothing in terms of what you could do with Forex Trading robot in real-time trading .
You also have to question the seller - if the system is as good as he says that the history of real money?
Maybe he simply did not trust the system earn money and with good reason, he knows that his curve mounted.
-- It fitted curve
Most robots are mounted Forex curve and it means that the rules have been fitted to the data.
If the rules do not work the first time, keep changing and bending until they do.
Of course, it is a lack of judgement, as no two segments of data are never exactly repeat again and the system collapses in real-time negotiation.
If you look back and know the history of course, you can become rich beyond your wildest dreams - but only on paper and you can not buy anything with paper - currency.
-- Test with a Demo Account
Most suppliers who sell these systems say you have no risk because they refund your costs and you can try a demo account first.
I often see people say with pride that they took money in a week in a demonstration and the system must work in practice - shows once again this basic lack of understanding on behalf of the user.
You judge systems over months or years, and any system can be lucky in a few weeks - you'll need paper to trade 1 or 2 years to get a real insight into the system and by the end of this period either you get bored and probably see him lose.
-- Decrease
While the vast majority of systems currency swap curve have mounted the roadmaps, it is also interesting to see how much money it is advisable to start with what may in many cases, robots $ 100 - 200!
The chances of winning you over that amount, even with a good system are questionable, as you do not have enough to mitigate the loss periods and a few bad trades deletes the account.
Leverage combined with small account balances, delete.
If you want to win Forex Trading get a good education and exchange did not think the sales copy to say that you can become rich without knowing what you do - you can not.
Be realistic and work on the bases and learn currency exchange in the right direction and you can make a lot of money, but it is not easy and you just wait to be with the rewards that you can do.
If you learn the law and education have the right mindset, you can forget Forex Trading robots and losing and focus on winning in the business world more interesting global Forex Trading.
Labels: forex
posted by Master @ 05:10,