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Forex robots... Are they legit?

PierceW0

New Member
Forex trading robots are special automated trading systems based on a set of trading signals that help to determine the moments of entering into trades automatically without human meddling. If they were as easy as they say they are, wouldn't every trader be a millionaire by now? People who sell them aren't completely honest with their consumers:cautious::censored:
 

spyboy023

New Member
I think, robots may work, but it's very hard to find the right robots (robots that really works for a long term) and it will take long to make a nice amount of money. It isn't as easy as they say / as some sellers promise.
Personally I would never invest $2000 or $10.000 as some sellers recommend. I always start with a small deposit and let it grow. (because I don't want to loose that much money).
Many ea works today, but will they work tomorrow is the question. (better think of will it work the next years).
Finding a technique that is working for many years is pretty hard.
However, if you keep the risk very low,you will not earn that much, but at least the risk is low, and it is profitable, for me it's better to have very low risk and earn a little, than high or medium risk and loose all.
 

GeorgeFxtrade

New Member
There is absolutely NOT a single automated system that makes money on the long run. Can you imagine, everyone will be millionaires. There is no magic indicator , magic expert adviser or robot or even a magic strategy to make you rich overnight. Trading is a marathon not sprint. Find a strategy with higher win rate than 50% and higher than 1:1 risk to reward and you will be profitable on the lung run. Make sure you backtest it and trust it before you put your hard earn cash into the market. Good luck
 

arg

New Member
Forex trading robots are special automated trading systems based on a set of trading signals that help to determine the moments of entering into trades automatically without human meddling. If they were as easy as they say they are, wouldn't every trader be a millionaire by now? People who sell them aren't completely honest with their consumers:cautious::censored:
i think one need to understand that retailers trade in where banks, financial institutions and other big players are in the market. and teh bankers play through software.. which they flex it every fortnight.. so a robo is just temp solution as they know exactly who are the top 10 earners and how the retail earners made money any depending logic etc and fine tune their forex base... so robo could be very temporary to make money
bttm is a good example though manually implemented last few years now you see not 3 levels as standards but 4 to 5 or even 1 to 2 levesl only
 

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