Now in days Robots are taking a strong lead in this globalized world. But can tecnology really replace humans? Well we are seeing a very interesting event, that now in days some traders trust their money in robots. They seem to go out and have fun and simply rest on the Forex Robot back home to earn them money.
The question is: are they really trustworthy? In my interpretation I believe that when someone is scamming you it is because he has taken all of your money with no return. But I see that some robots do return money and can genuinely give your money back. Why are they being sold? Well because some traders believe that they don’t need to know how to invest their own money because he just bought a robot to do it for him. Once more, are they really trustworthy?
The truth is that history will not repeat itself. The price action that was followed in one moment hardly will ever follow it again.
The problem also is with in the human thoughts and always thirsts of money. Their thoughts betray them thinking that they can become rich easy and fast. Money is something that you need to earn and in Forex that law is always there. You need to learn how to invest and administrate your money.
Even though some Forex Robots do produce money, but how to know which one? Or for how long? Or if the money that has been made can be lost in a new transaction?
The scam is really when you lose the money you just earned with that robot. That is why we need to learn how to invest. It is best for each one learn how to invest to create a strategy that can be more powerful than any robot to confront the market today.
Strategies are the key to finding a way to have consistent profit in long or short term.
In conclusion, are Forex robots a scam?
No. They can return your investment, but can they give you more? Well that is a risk that you need to think about. How long will they work? Which one is the one? Well all these questions you will need to answer. It is not enough to receive your investment on them if you get cut out of the market. Or even worst you lose it all and you do not know why.
Learning how to invest using your own brain is the key to real long term success. Of course if you really want to use forex robots to automate your trading, please make sure to test the forex robot on a demo account for at least a couple of months.
“CFTC RULE 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading….. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown”.
