There are numerous software packages out there that claim they can make you a lot of money and have track records that look to good to be true and they usally are. Some reasons they don’t work is in this article.
Let’s look at the claims these systems and so called Forex Expert Advisors present:
You will get better returns than the world’s best fund managers, all’s you have to do is make no effort and make these gains and best of all you pay under $200.00 . Doesn’t sound realistic does it?
If the sales copy was right for this program, all the heavily paid dealers on multi million pound salaries, would be sacked in favour of these systems which hasn’t happened and all of us in the whole world would be trading for a living!
Why wouldn’t you pay a couple of hundred dollars for an income for life? I know I would and you would too, if the system made money. Take a look at the track records results of one of these cheap automated software packages. Do they present a track record with verified real trading results?
Many online systems give paper simulations on past data but it’s not hard to make a profit when you trade backwards, knowing exactly where prices went! Some vendors present figures from their own trading and not from the system they sell to instil confidence in buyers. All trading results should be checked by an independent source but they are not.
The fact is some trading software programs are all just clever packaging and great copy. They come with no backup and are so cheap that the vendor hopes the buyer will not ask for a refund. If you really could make money as easily as the vendors of these systems say, 95% of traders wouldn’t be losing money.
If you want to make money at Forex trading, you can but you do need to take time and make an effort to get a good Forex education. If you do this you will be rewarded with a great second or life changing income. Take Forex trading seriously and respect it and you will be rewarded, if you think you will make money with no effort the market will soon take your money.