Comments on: How fast does Forex Megadroid trader make money?

By: Joe

Joe — Tue, 20 Oct 2009 21:19:51 +0000

The Federal government warns there are a lot of Forex frauds out there, and these Forex robots like Forex Megadroid 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. For instance, 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.

By: DW

DW — Tue, 20 Oct 2009 21:19:51 +0000

Do a web search. The consensus seems to be that Megadroid trades only rarely, maybe a few times per month, but its trades tend to be highly accurate (>95%!). No robot can quadruple you money in 1 month, or else they don’t have to sell it.

By: Advisor

Advisor — Tue, 20 Oct 2009 21:19:51 +0000

So far I tried Many Automated Robots It Gives 95% but Recently Much Excitement One Of Robot Was Released IvyBot Automated Robot It Shown 98%. So, Why Don’t You Try It ? It Attacks Four Currency Pairs At a Single Time

Here Is my user Review

By: Maxi

Maxi — Tue, 20 Oct 2009 21:19:51 +0000

hi,
here u can find best a list of forex trading platforms to practice or for real trading which most traders use
————————————
http://forexplatformslist.com
————————————
good luck..

By: Livermore

Livermore — Tue, 20 Oct 2009 21:19:51 +0000

The faster it makes you money, the faster will lose you money….

Think about it. The higher the rewards, the higher the risks. If this thing made that much money, everyone would be using it…

By: www.systemsfortraders.com

www.systemsfortraders.com — Tue, 20 Oct 2009 21:19:51 +0000

If you are interested in Forex trading we would say its best not to get involved in any robots, there are a few interesting stories on our website under FAP Turbo !!!!!!

Our site contains 100% Independent and Honest reviews of Trading systems and services. Yes, we are truly and honestly not selling anything and are in the process of having a regular feature in the Investors Chronicle, you can read the first published feature on our website too.

Be very wary of any Robot, one thing is for sure, if we had developed one that worked (we are not even trying, its a hypothetical statement) we would not go to the bother of asking $100 from people for it – there would be no need !

Hope it helps.

ReviewTeam

By: Elliott

Elliott — Tue, 20 Oct 2009 21:19:51 +0000

The most important step is to find the right forex broker. I have reviewed some of the best forex brokers at http://www.forexlane.com/brokers.html