Posted June 16th, 2010 by sharkdancer
The Forex robot industry is huge and they offer you systems which offer you regular gains, for just a few hundred dollars or less which would make them outstanding value for money.
You are buying a system in most instances which offers you better gains than the worlds best fund managers and furthermore, you have to make no effort at all in terms of work, you just follow the signals. Now isn’t that worth the price of a night out and a few beers?
It would be the deal of the century if it were true!
Of course these robots don’t work and that’s why there so cheap.
If you take a major investment house or bank, they will have dealing teams that cost them hundreds of millions of dollars a year in salaries yet, the Forex robots claim they have better track records.
Now let’s just say a dealing team costs $100 million (a medium sized bank or investment house), how much would they pay, for a robot that worked better than the dealing team? Rather than $100, they would probably pay $100 million dollars (just one years salary) and they would have no overhead costs, no errors and no staff problems! Of course no bank or brokerage or serious trader uses these robots, as they know that the big gains on a regular basis will not materialize.
The Track Records
The vendors produce simulated back tests (knowing the closing prices) or internal trading records, with no independent verification and people believe they will make the same profits but making money is not that easy.
The reality
You can win at Forex trading and you can make a lot of money, the fantasy profits the Forex robots however never repeat for the users and most end up losing very quickly. You don’t get financial freedom for $100 and that’s a fact.
Posted June 16th, 2010 by sharkdancer
The Forex robot industry is huge and they offer you systems which offer you regular gains, for just a few hundred dollars or less which would make them outstanding value for money.
You are buying a system in most instances which offers you better gains than the worlds best fund managers and furthermore, you have to make no effort at all in terms of work, you just follow the signals. Now isn’t that worth the price of a night out and a few beers?
It would be the deal of the century if it were true!
Of course these robots don’t work and that’s why there so cheap.
If you take a major investment house or bank, they will have dealing teams that cost them hundreds of millions of dollars a year in salaries yet, the Forex robots claim they have better track records.
Now let’s just say a dealing team costs $100 million (a medium sized bank or investment house), how much would they pay, for a robot that worked better than the dealing team? Rather than $100, they would probably pay $100 million dollars (just one years salary) and they would have no overhead costs, no errors and no staff problems! Of course no bank or brokerage or serious trader uses these robots, as they know that the big gains on a regular basis will not materialize.
The Track Records
The vendors produce simulated back tests (knowing the closing prices) or internal trading records, with no independent verification and people believe they will make the same profits but making money is not that easy.
The reality
You can win at Forex trading and you can make a lot of money, the fantasy profits the Forex robots however never repeat for the users and most end up losing very quickly. You don’t get financial freedom for $100 and that’s a fact.
Posted June 14th, 2010 by sharkdancer
The Overwhelming majority of Forex robots simply don’t work and if you want to find one that does, looking at the 4 key points enclosed will help you find the best…
In recent years there has been a huge rise in the number of robots claiming they will help you enjoy financial freedom with no effort and most fail miserably to live up to the hype. Let’s get rid of the bulk of them first.
1. Does the Track Record look to Good to be True?
You see them all the time, pay a couple of hundred of dollars and get a track record that is better than the worlds top fund managers. If you see ones with these statements then be very wary of them.
- Double your Profits every month
- Trade with 90% accuracy or more
- Draw downs of less than 1%
- Losing periods of under a week
This is not the reality of Forex trading!
Normally these systems produce back tests and simulations, knowing the closing prices, or present testimonials and trading results that are not independently verified.
Fact:
The top fund managers wouldn’t be earning millions of dollars in annual salaries if the Robots worked, they would be out of there jobs and join the world enjoying financial freedom, trading Forex robots for the price of a night out.
Now you can win but look for some evidence of real gains, independently monitored and look for a track record of a few years in length
2. What to Look for in a Real Track Record
So what gains can you expect to see?
The best will do compound growth of around 30 – 100% per annum and the higher the gain, the bigger the draw down. You can normally expect a peak to valley drawdown of 20 – 50%, depending on the risk profile of the system. A typical drawdown will be a few weeks to a few months.
The gains are excellent – but you have to ride out short term losses, all the best traders do and you will as well.
3. Know the Logic
Never buy a black box system where the logic is not revealed. You need to know the logic to have confidence, to follow the system with discipline.
4. Support and Ease of Use
Look for good, prompt support from the vendor. Dry run the system to make sure everything is in place before you trade real money, don’t just jump in, make sure you are prepared and are confident in operating the system.
Long Term Profits in 30 Minutes a day or less
The best robots will give you great long term profits but you have to have the confidence to apply them with discipline, as you need to take short term losses to make long term gains.
If you do the above, you could soon be making great long term gains with an automated Forex robot and enjoying currency trading success.
Posted June 14th, 2010 by sharkdancer
IvyBot is a Forex currency trading sell automated robot syllabus software structure. An automated robot syllabus software structure is a workstation syllabus before software designed by developers on behalf of the resolution of ration population to trade mechanically on the Forex currency sell. Regularly the developers syllabus the software to work using their years of experience in the field of the foreign currency sell to prepare the functions it needs to prepare.
IvyBot evolved given away of a syllabus called the Forex sports car Pilot. Lone daylight hours the syllabus, sports car Pilot made an impression on a cluster of Forex gurus. These gurus were wearisome to form given away why the robots futile to tell somebody to a profit in the field of real schedule live trades. At the same time as this cluster of gurus researched and worked with the robots, they were able to approach up with a solution to the riddle surrounded by nine weeks. The cluster than fashioned the new-found robot given away of I beg your pardon? They learned in the field of their study and named the syllabus IvyBot. It was after that leave to test and similar to two years of back hard, it was released to the free at the same time as IvyBot.
The consumption of Forex robots to invest in the field of the sell is somewhat of a new-found understanding. The understanding comes from the tubby banks so as to used to consumption these robots previously the free ongoing to consumption them. The software on behalf of the IvyBot is user friendly and very effortless to install. The software like other robots is automatic. Lone of the effective points in the region of IvyBot is the consumption of HSPS and BILP technologies. The resolution of these technologies is to prevent the prospect of loss. A new effective purpose is so as to the syllabus allows you to start investing and trading with at the same time as trifling at the same time as lone dough in the field of your financial credit.
With anticipation, you be supposed to give birth to a trifling better understanding of I beg your pardon? The IvyBot syllabus is and I beg your pardon? It is meant to prepare. Understanding the history of the robot and the technologies used can help you to understand I beg your pardon? The robot is and can prepare. I beg your pardon? Needs to be present ended right away is to acquire you to prepare your own study into the humanity of automated robot systems. Regain given away all you can in the region of the robots and all you can in the region of the Forex currency sell previously you enter into it. Test drive the Forex robots with a display financial credit and decide on behalf of manually if you like to invest in the field of the Forex currency trading sell.
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Posted June 13th, 2010 by sharkdancer
The premises and technologies behind forex robots have proven profitable, but the unfortunate reality is the technology behind the best forex robots isn’t widely available to the public. So while forex robots are profitable, when we talk about the ones that are consistently profitable, that do things that would make a trader’s head spin, we’re probably talking about the forex trading systems that hedge funds and investment banks use to trade nearly second of every day while making millions of dollars.
Good luck getting your hands on that kind technology. It’s almost unfair to call the trading systems used by hedge funds and banks “forex robots.” These firms spend millions of dollars developing these systems and the systems’ ingredients are kept under lock and key, making them nearly impossible to copy.
With that in mind, let’s have a further look at the profit potential of forex robots.
What Are Your Expectations?
The big problem a lot of forex traders have with forex robots is managing their own expectations for the kinds of profits a forex robot is actually going to deliver. And this is not really the trader’s fault. After all, the sales pages for forex robots are loaded with all kinds of data and alleged proof that forex robots are money makers. It’s not uncommon to see a forex robot that claims to generate winners 80% of the time. Some even go so far as to say that they churn out winners 90+% of the time.
Of course when traders see this data, they think that forex robots are great and any forex robot that says it has winners 80% of the time is simply awesome. Unfortunately, these results come from simulated trading or back-tests and as we’ve said so many times before, those environments aren’t good enough when it comes learning about a forex robot’s profit potential.
What’s The Bottom Line?
Yes, SOME forex robots can make you money, but please don’t approach shopping for a forex robot with thought that a product that costs between $100 and $200 is going to make you a millionaire overnight or at any point for that matter. The best you can hope for when it comes to a forex robot is a product that is versatile and has the ability to trade successfully across all market conditions. A forex robot that can do those things is a trader’s dream and it’s hard to ask for much more.