FX Childs Play Robot Review PDF Print E-mail
Written by Andrew11   
Monday, 12 July 2010

This Forex trading robot, has a very catchy name and the general tone of the marketing copy seems to be, that making money in Forex is so easy, a child could do it. Lets review FX Childs play in more detail and see if this robot can make you a great income without making any effort.

 

So what's so different about FX Childs Play, compared to the vast number of other automatic Forex trading systems sold online? The copy on the website states:


Unlike Most of the other trading systems out there, Fx Child's Play System can be used to trade multiple times a day using shorter timeframes. so it is up to you which time frame you choose for trading this system.

Imagine what is it like when you have a profitable trade running. (I am sure you would be happy and smiling. ) But just after few minutes you see another opportunity. You take that trade as well. And after sometime, you find another trading opportunity. That can very well happen with FX Child's Play System”

So you just sit there watching the profits rolling in and you smile while you do so but it all sounds to easy and in todays world of instant communications all daily volatility is random, its impossible to get the odds on your side and without the odds on your side you are going to lose money. We now move further on down the copy and we get the following quote:


And Finally you can use this System to Multiply your account over and over again! Imagine you could turn your 5 thousand dollars into 2 Millions”


Well you can imagine it but don't think it will happen with the FX childs Play Robot – Why? Well you get all the usual testimonials, of how you can make great profits but you also get the following disclaimer:


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”.


So the track record of FX Childs play is done in hindsight knowing all the closing prices!


So how much money could you make having tomorrow's closing price today? Huge amounts of money in fact you could make the 2 million they claim starting with $5,000 but making money knowing all the closing prices is childs play! My 12 year old nephew could do it but I wouldn't trust him, to trade my Forex trading account.


Having all the closing prices and then, bending a track record to fit the data is easy but in the real world of trading, we don't get the closing price in advance and that's what makes Forex trading such a unique challenge.


The cost of this Forex robot is just $99.00 but anyone who thinks, it will give them a second income and make them rich, with no effort will probably end up disappointed. This is yet another automated Forex trading system which makes big claims and presents no real trading figures to back up the claims.

 
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