Answers to Everyday Questions : what is the best forex robot that is efficient and a real profit maker?

what is the best forex robot that is efficient and a real profit maker?

4 Responses to “what is the best forex robot that is efficient and a real profit maker?”

1. Common Sense said :
   July 13th, 2010 at 5:23 am

   Here’s the number one thing you need for good results from a FX robot;
   A trader with years of successful FX Trading experience, especially talented in trading money management. Good skills in Technical Analysis would also be needed.

   Without the years (3-5) of very successful trading experience….. you will not profit from the best Forex robots out there. A novice will see their portfolio destroyed!
2. Joe said :
   July 13th, 2010 at 6:09 am

   The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

   There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. For instance, you might meet a person called “Zboy227” who says “I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227.” The “/Zboy227” tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

   There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

   I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words “forex robot” and “scam” you will find a lot of sites saying their competitors are scams.

   I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
3. ingerdecristal said :
   July 13th, 2010 at 6:53 am

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4. HowToCreateWebsite.info said :
   July 13th, 2010 at 7:50 am

   I don’t think there is any such robot. I have no direct experience in trading with robots but I have done lot of research and most of the reliable sources say that robots are not worth it. There have been many scams also where some scammers brought in a robot in the market and literally ran away with people’s money. I would recommend that you stay away from robots. However if you have to them look at FAP Turbo. I am not affiliated with them in any way but found some good press about them when I was doing research.