I am brand new to forex as good as we wish to get an programmed drudge which can work for me while we am during work. My goal is to get to a turn whereby we can make use of this drudge as my full time income. we see from a lot of a Robot’s accessible similar to Fapturbo, Monster Forex, Ivybot, etc they all guarantee good earnings though we am really distrustful about a formula they show. Can any one assistance me in anticipating a good organized association which can indicate me in a right citation to capacitate me to begin forex trade as good as some-more importantly creation a little additional money.
Thanking we in advance,
Russell
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Comments: 6 comments
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Joe
October 14th, 2009 at 7:06 pm
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
Michael
October 14th, 2009 at 7:06 pm
I researched a number of robots and found a serious problem with most of them. None work as advertised. They will work for a time and this is typically what a company will show, but they avoid when they fail.
A link to an article that I wrote on this subject is below.
Paul U
October 14th, 2009 at 7:06 pm
Hi Russell,
If you go to my profile and send me an email I will send you the information for a private group that has tested and is using a number of Forex robots.
I apologize that I cannot post the link but access to the group is by personal invitation only.
Your intention is the same as mine.
Best Regards,
Paul
Monikka
October 14th, 2009 at 7:06 pm
Hello,
Just like with everything you can’t believe the ads 100%. They always exaggerate so being skeptical like you are is a good think. But also remember that not all the robots are bad, and some actually work. The best option would be to visit a few blogs, websites, forums and do some research there. Do not believe the ads too much but if many people have the same opinion on something than it is probably worth a try. But remember – something might be good for the others and not for you and vice – versa. What I mean is that you won’t be able to find a robot everyone is happy with – this is simply not possible. Find the one that most people are happy with and you should be OK.
All the best,
bluenightsky87
October 14th, 2009 at 7:06 pm
Robots don’t work, it’s better to trade with your own mind.
Instead of using robots you can start trading by yourself using some platforms online. For example you can choose Marketiva because it’s a good platform for beginners and gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, it’s very good for beginners. Their platform is very easy to use and they have support during trading hours.
Here is the link to open an account
http://www.marketiva.com/index.ncre?gid=3371
dave b
October 14th, 2009 at 7:06 pm
Well, there is a forex robot review site that compares and reviews around 6 products. The interesting thing is that all the products come with a 6 week full no questions asked refund if not 100% satisfied.
So my answer to the question is that they do work, its just a question of which one will suit you
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