Why Forex Robots Don't Work and Can't Make You Rich | Trading Pit | Forum

 
You must be logged in to post Login Register


Register? | Lost Your Password?

Search Forums:


 






Minimum search word length is 4 characters – Maximum search word length is 84 characters
Wildcard Usage:
*  matches any number of characters    %  matches exactly one character

Why Forex Robots Don't Work and Can't Make You Rich

No Tags
UserPost

5:40 am
June 27, 2013


John Smith

Member

posts 26

Are you running after forex robots? Many people try one forex robot after another finding all of them to useless. OR are they? Now, if you think that by buying a $149 forex robot, you will become rich. You are sadly mistaken. It if was so many would have become rich. But none has!

The problem with most of these forex robots is that they are programmed to follow certain market conditions. Markets keep on changing. There is another problem, most of the technical indicators that we use lose their effectiveness after a certain period of time.

Why it is so? The more traders use the same technical indicator, the more the markets become immune to them. Markets are just people buying and selling. So when a lot of traders are using the same technical indicators, they are all trying to buy and sell in almost a similar fashion. This makes them useless.

The same goes with these forex robots. The more a robot is sold and the more people start trading with it, the more it becomes a piece of junk. Whatever, there is no escaping the fact that you need to learn how to trade currencies.

No robot can predict the future markets. It is only programmed to trade a certain market. Most of these robots are just a few indicators that have been programmed together. There is no holy grail in trading. Indicators have also their limitations. So what to do?

By learning to trade manually, you can learn how the markets behave. This experience will give you the predictive power of how the market can behave under certain conditions. If you want to learn forex trading than you should take a look at Forex Joe and his Forex Mastery 2.0 Program.

Forex Joe is a legendary person among forex traders. He started as a sports bettor. For 30 years, he was a sports bettor. He was always fascinated by mathematical formulas since his childhood. So, he applied that same fascination to sports betting and developed an automated sports betting system using certain proprietary mathematical formulas. That sports betting system made him a fortune.

Some ten years back when he discovered forex trading, he was amazed to find many similarities between sports betting and forex trading. He applied those very same proprietary mathematical formulas to the forex market and you will be amazed to know made a fortune. He is the best person who can teach forex trading. Forget about forex robots, learn forex trading from a pro. You can do it in just 2 months!


4:29 am
October 14, 2014


Amanda Smith

Member

posts 20

Forex robots really don't work and strongly not suitable for new traders. I don't understand why people still think that a robot will bring huge profits for them when those things cannot even works without any command.

 

Thus, I love to trade manually all the time when I am trading with the CommexFX broker. Though, CommexFX does not have any restrictions on using trading techniques but I do not use any kind of robots never ever.

 

I only follow technical analysis given by my broker CommexFX.

THANKS

No Tags

About the S M A R T P I P . C O M Forum

Forum Timezone: UTC -5

Most Users Ever Online: 18

Currently Online:
1 Guest

Currently Browsing this Topic:
1 Guest

Forum Stats:

Groups: 4
Forums: 6
Topics: 501
Posts: 777

Membership:

There are 5711 Members

There is 1 Admin

Top Posters:

Andrews Mentro – 126
Liz Gilbert – 91
Dirk Wellham – 81
Peter Toohey – 46
Jamal Mia – 42
Muhammad Perkins – 39

Recent New Members: Marcus North, Shaun Graf, Mumin Elmas, Greg Sharpe, Dirk Wellham, nazarudin nasib

Administrators: FXChris (80 Posts)