You can find profitable Forex robots but all the ones you see heavily advertised on line for a hundred dollars or so which offer hundreds or even thousands of percent in profit and claim little or no draw down – don't work and the reason why is the subject of this article.

Anyone who thinks they will get an income for life for the cost of a night out and no effort is naïve to say the least and they should really remember the old saying “if it looks to good to be true it probably is” and this really does apply to all the cheap currency trading robots.

The Reason Robots Lose Money - Check the Disclaimer

If you look closely at the track records you will see how they can make such big gains with such little draw down – they simulate the track records in hindsight knowing all the closing prices and this of course is so easy a child could do it. If you see a currency trading robot with this disclaimer on it - pass it by:

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.

Why Simulations NEVER Repeat

The problem with these systems is the track record is bent to fit the data in hindsight and as no two pieces of data ever repeat the same again, the system collapse in real time trading. These systems are very often called Forex Expert Advisors but the only thing their expert at is losing money and if you find a cheap Forex robot, with an audited track record of real gains over the long term let me know – I have been searching for years and not found one!

How to Make Money at Forex Trading and a FREE Robot for Big Gains!

If you want to make money at Forex trading and find an automated Forex trading system that works, only consider ones with independently monitored track records which have been traded in real time.

You can also find some great free Forex robots and a good place to start is with the 4 Week Rule which is featured on this site. Simply click the banner on the right and learn all about it. This system is free and has been making savvy traders profits for over 25 years and is a great system, to help you get on the road to currency trading success.