Here we will look at one of the most popular Forex robots sold online Forex Megadriod. Many consider it the best Forex robot of all but is it? Let's answer this question in our Forex Megadriod Review.

Why is this system so cheap and another question that your probably asking is - why is it for sale at all why don't the vendors just trade it and make a fortune rather than sharing the currency trading system with us?

If you read on its obvious why – First click the video and John Grace and Andrew Perrie, don't strike me as traders, they appear to be actors and just don't seem natural in the way they talk, maybe they are traders but I have been in trading for 25 years and they just don't seem like they are to me. For the amount of success and experience they claim, I don't see any background to them online,where they worked etc but enough of postulating about who they are – lets look at the claims and the track record which as you will see in a moment is not real time trading at all.

The robot claims to trade with over 95% accuracy which is better than most, if not all the top Hedge Fund managers in the world and this apparently, is down to its unique algorithm which adapts to real time market conditions, using an artificial intelligence algorithm RCPTA which they claim can see into the future!

They also publish what they say are live results on their website - so the track record must be real time profits in the market? Well, let's go to the small print and see what disclaimers they have and they have the one, you will normally always see on Forex Robots which make claims that appear to good to be true and here it is:

"CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All results shown on this website are hypothetical, back-tested results.

"No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading."

So the track record is not real at all – you have to click to find the disclaimer but its' there and now you know why the track record looks so good but the problem is as the disclaimer makes clear, simulated results are no indication of what you might achieve in real time trading . The problem of course is - you don't have the price in advance when you trade for real! If we all knew every high and low in advance, we would all be billionaires, as we could execute our trading signals at the exact highs and lows of the market but alas, Forex trading is not that easy.

Forex Megdroid is just one of the many cheap, Forex Robots or laughably named Forex Expert Advisors, sold online which fail to deliver the results they claim and just like all the other get rich quick Fx Trading systems, with simulated track records they should be ignored by anyone, who is serious about making money at Forex trading and that's the end of our review of Forex Megadroid.