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. 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.
I am not sure if i can tell you which is the best forex robot or system available but i find this blog has a lot of valuable and great forex articles and also offering free e course and FREE FOREX BOOK guide which i believe can help you decide which robot you can go for
Why would the developer of forex robot be selling his product if he can mint money from his own robots? Most if not all robots are scams. Those that ‘work’ do so for some markets some of the time and only under certain or special conditions after which they fail. As someone has mentioned a "magic robot" would be in the wall street papers and journals and you wouldn’t have the need to be looking for it. Stop looking for the ‘aladin’s lamp’ …it just does not exist. Such is the stock and forex markets and no one without magical powers can forecast with any accuracy. Realise that quickly and you may stand a chance of trading forex a little more successfully. Sorry if this is not what you wanted to hear.
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Comments: 8 comments
All the notebook fields that are marked with REQ must be filled when search forex robot
lizette
October 27th, 2009 at 10:14 pm
If you are looking for the best forex auto pilot software, check out this site
http://make-money-with-forex.org/
Here you’ll find the best software that can help you to increase your profit automatically
Lauren
October 27th, 2009 at 10:14 pm
Available?! Thats what i’m talking about
cobo
October 27th, 2009 at 10:14 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. 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.
Investmentguru
October 27th, 2009 at 10:14 pm
I dont trust forex auto. Most of these robots lose you money. However i hear that some estabilished traders use them. http://www.howtotradeforeigncurrency.com/frequently-asked-questions-about-forex-trading.php
gfdgf
October 27th, 2009 at 10:14 pm
I am not sure if i can tell you which is the best forex robot or system available but i find this blog has a lot of valuable and great forex articles and also offering free e course and FREE FOREX BOOK guide which i believe can help you decide which robot you can go for
enjoy
Mathaios V
October 27th, 2009 at 10:14 pm
See for yourself.http://www.myowntradingrobot.com/blog/forex-robots/
I don`t use any robot at all but i have seen many good ratings for the IVYbot while i haven`t seen any bad at all.
Floyd
October 27th, 2009 at 10:14 pm
IvyBot is good. There are numerous way for doing automated trading using automated robots.
Here are some basics of automated trading and also some products reviewed
http://www.automatedleverage.com/what-is-automated-leverage
Prav
October 27th, 2009 at 10:14 pm
Why would the developer of forex robot be selling his product if he can mint money from his own robots? Most if not all robots are scams. Those that ‘work’ do so for some markets some of the time and only under certain or special conditions after which they fail. As someone has mentioned a "magic robot" would be in the wall street papers and journals and you wouldn’t have the need to be looking for it. Stop looking for the ‘aladin’s lamp’ …it just does not exist. Such is the stock and forex markets and no one without magical powers can forecast with any accuracy. Realise that quickly and you may stand a chance of trading forex a little more successfully. Sorry if this is not what you wanted to hear.
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