Forex Trading Software – The Reason Traders Dont Make Money With These Packages
Forex trading software is presented as the road to easy money, simply pay a hundred dollars or so and sit back and earn an income for life with no effort but the reality of using these software packages is losses.
Common sense should tell users, that these packages are not going to work because they present track records that the world’s top fund managers cannot match (despite the fact these top traders are paid multi million pound salaries) but the user is promised bigger gains with no effort! Of course, you won’t be surprised to hear that none of the world’s top fund managers have lost their jobs and been replaced by a cheap Forex robot,
A look at the track records of the cheap software packages, shows they all have one thing in common – they don’t have an independent track record of gains which has been audited by a reliable source. None of them therefore have actually proved they can make the gains which they promise.
You are simply expected to believe, that you will make money based upon – back tested simulations, the vendor has done over historical data, knowing all the closing prices which is not exactly hard or you get figures the vendor tells you are true – but their selling the system. A quick look around the Forex forums tells you that people are losing money when the vendor claims gains! An independent audit would clear that up but the vendors are reluctant to do this – wonder why?
If you have read and understood this article so far you know why.
If it were as easy to make money, as plugging in a hundred buck robot then, sitting back and watching it make a fortune, everyone would be a trader and 95% of Forex traders wouldn’t lose money.
If you want to win at Forex trading, you do have to make an effort but for the amount of work you have to put in the rewards are enormous. So do what all successful traders do and that’s get a decent education and get on the road to Forex trading success.