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When we review Forex trading methods and courses or Forex robots and signal services our goal is to be certain they meet a specific set of criteria and to measure each product against those criteria before passing judgment. The reason for this is not all Forex products are created equal – in fact, many of the courses and automated systems out there are designed to make money for the creator of the product, not to make money for the Forex trader.
One of the dirty little secrets in the forex market over the last few years has been the huge growth in so-called “robot” trading – Robots are nothing more than automated programs that work off of fancy mathematics based on historical market patterns. But there’s a real problem with Robots: They don’t work. Oh, you’ll hear all the fancy talk about how so-and-so turned $10,000 into $ 150,476 in just seven days… …but it isn’t true. It’s hype and it’s based on ‘hypothetical’ historical trading. Fact: Most forex traders who use forex robots LOSE MONEY.
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