Most currency trading robots lose money and that's a fact but separating the winning minority from the vast majority of losers is easy, if you follow the 3 simple points enclosed. Let's look at how to find a profitable currency robot.
In this article we will look at the 3 points you need to consider when choosing a robot and look at one which you should consider which has made millions in real time trading.
The problem with most robots is the claim they can make a lot of money but have no evidence they have done so - despite producing profitable track records but the track records are not all them appear to be on first looking at them.
Does it Have a Real Time Track Record which is Verified?
Most robots are base there profitability on more than simulations going back over closing prices; this means the track record has been made up, knowing all the closing prices and this is so easy a child can do it. The reality is though, you have to trade without knowing the closing prices and the simulated robots get a harsh lesson in the market. Many robot vendors have started to produce live results from themselves but why is there no check from a neutral source I wonder?
The fact is the majority of robots produce unrealistic gains which are not real, ONLY buy a robot if the track record is real and verified from an independent, neutral, outside source.
Is the Robot Designed by a Trader and what is Their Background?
Its well known a lot of robots use actors on their websites and if you try and find any background on these "expert" traders from reputable sources, you won't find any. You just get affiliates selling the system,telling you how wonderful they are and they have a vested interest in doing so.
Look up the background to the trader and verify he is real, most so called experts are not and the system has been built by a programmer using past data.
Why do the Rules work and Why Will they Continue to Work?
You normally get some rules that mean nothing - you just get told they predict future price movements but that's impossible no one can predict the future. Not only do you need to know the rules to trade a system with confidence, you need to know why they work and why they will continue to work, so you can have confidence to follow the system through loosing periods.
A Forex Robot - Based on the Rules of a Trading Legend Which has Made Hundreds of Millions of Dollars!
The new Forex Turtle Robot rules were devised by Richard Dennis a true trading legend, who gave a set of rules to a group of people with no trading experience and they then made, several hundred millions of dollars in REAL time trading with them. The Turtle experiment is one of the most famous experiments in trading history and was designed to show, that anyone could make money by following a set of pre-set rules. These rules are now available in the Forex Turtle robot and you not only get the rules themselves but also the logic there based upon and why they work.
If you want to target triple digit annual gains, in 30 minutes a day with a set of rules you know have made REAL money in REAL trading check out the new Turtle Forex Robot.
No comments:
Post a Comment