The other day I checked a history of forex trading robots and if I used the size of my trading account with their history, I would earn $ 324,000 a year! Not bad for an expense of a few hundred dollars. People fall for these records, but always lose why?
Because of their greed, they believe that forex trading requires no effort or they simply do not read the liability notice that is hidden in small print.
If you see a history of an automated online forex trading system with this disclaimer, it probably means an elimination of equity here is:
“CFTC RULE 4.41: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. In addition, since transactions have not been executed, the results may have more or less offset by the impact, if any, of certain market factors, such as lack of liquidity. “No representation is made that any account does so or is likely to make gains or losses similar to those shown.”
So there are no real time gains, there are profits on paper made looking back! Would you trust the above?
I know I wouldn’t!
I am amazed at how many people buy these untested systems.
Most stories are so good that you wonder why the seller even bothers to sell it – you could make enough money by marketing it. Of course not, because he knows he won’t win and that’s why you never see a real-time history.
Do expert forex traders use them, do you see them in bank trading rooms or do you ever see someone who has made long-term money with them? No, no.
Today there is a large industry in these trading systems and they attract naive and greedy traders, who do not want to make money effortlessly.
Of course, in life, you take out what you put in and forex trading is no different.
Currency trading can offer you the chance to make big profits and even a life-changing income, but you have to have the right mindset and get the right currency education.
A forex trading robot will probably destroy your capital, but you don’t have to take the lazy path!
Forex is a challenge, exciting, with great rewards, so accept the challenge, get the right currency education and you will be able to enjoy the success of currency trading.