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How well do forex trading robots work?
March 30th, 2010 | 
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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.
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Duration : 0:4:44
Forex Robot World Cup 1 – Video Presentation (1of2) Automated Trading Software MT4 Expert Advisor
Forex Robot World Cup Official Site: http://www.forex-robot-world-cup.com.au My Blog: http://www.royaltrader.com.au
FRWC Forex Robot World Cup Competition 1 – Outcome Presentation
A Close, Uncensored Look At The Top-Performing Robots Of The Competition…
The Final Live Results… Trade-By-Trade… A 100% Transparent Look At What The “Best Of The Best” Means!
Why 329 Robot Developers Submitted Their EAs And ONLY 24 Qualified For The Live Trading Phase
How Far We Went To Ensure Brutal, Undisputed Transparency In EVERY Step Of The Competition (A True “First” In The Industry)
What Makes OR Breaks An EA’s Perfomance When It Comes To Real-Money, Live Trading (Less Than 5% Of FX Traders Actually Know The Answer To This!)
“The Backtest”… Myth vs Reality. For The First Time EVER You Will Learn The Secret Truth Behind It
US $150,000 In Total Cash Prizes To EA Developers? Let Us PROVE To You Why This Is The Only Way To Get The Best Of The Best
The Truth About $97 “Holy Grail” Forex Robots (Do Yourself A Favor… Pay Close Attention In This Section)
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Duration : 0:10:1
Posted in forex trading robots | 
Tags: automated trading, ea, Expert Advisor, forex, forex robot, forex robot world cup, fx, metatrader4, mt4 | 
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FOREX Training | FOREX Trading – April 13, 2007
The market didn’t react to PPI or Trade Balance news releases. We watched it sit in a 10 pip range for over two hours without a conservative/repeatable trade opportunity. Then BAMB! Reversals and breakouts with full currency correlation across the board. It seems that the market moved in anticipation to the G7 meeting this weekend. In anycase, another great trading day. Live FOREX Training | EVERDAY! http://www.fxbootcamp.com
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FOREX TRACER IS A SCAM PROOF # 2 | By Forex Scam Check
We made a more detialed video to show you that the makers of forex tracer are nothing more then full time online marketers and know very little about forex . but make it clear on there parent site about how to SELL , SELL , SELL !!! This garbage and how to convince suckers into buying it !
Duration : 0:5:4