Forex Box Tracking
Forex Trading Robots – Why Most Automated Trading Systems Sold will destroy your capital rights
There are more popular than ever and investors greedy think they will get rich quickly without any effort. The reality check is almost all robots will destroy your capital account quickly …
95-98% of the robots I see on the network have not even been traded!
The background is this disclaimer on it.
Look in the small print if you see and read it you will understand what is likely to fail miserably
"CFTC RULE 4.41 results – hypothetical or simulated performance have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Furthermore, as trade have not been executed, the results can take-or-plus compensation for the effects, if any, of certain market factors, such as lack of liquidity.
then of course the statement that the path does not serve to determine profitability by:
Simulated trading programs in general also are subject to the fact that they are designed with the benefit of hindsight. No representation is rendering any account or likely to achieve profits or losses similar to those shown. "
Now what is the logic of having a history that has never been traded and what did he say?
Does it indicate something about the profitability of the system – NO
Of course it is not a miracle that these records can be used to sell to the public. Most of the time the traders buy the system do not like to deep and are generally trusted throw in some good copy and will soon purchase the system.
Always I read about how these Forex Robots are sold by the ex-bank traders etc – there is not sold by marketing firms looking to leverage the enormous market Product forex trading.
You can make money in forex, but an automated trading system has never been traded is not the way to go. Let's make one point clear:
Forex trading is not as easy as a few hundred dollars and the purchase of success in a box – life is not so!
You need to get the right Forex education and do their homework – if you want to buy a forex trading system you can find some good with a record if you shop around – but never ever buy one with a simulation.
You could try writing to the seller and ask for your history recorded during say two years and see if you get an answer, but do not hold your breath.
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