The Forex Revolution Reviewed PDF Print E-mail
Written by Andrew11   
Monday, 12 July 2010

The Forex revolution is a yet another Forex robot which claims its going to make you huge gains but is it any different, from the vast number of other robots sold online? it says it is so lets look at and review the Forex revolution software and see how much money you can make with it.

 

The sales copy comes in with some great claims and promises, to explain what's different about this robot:

We are going to show you why the Forex revolution is a machine, a movement... a monster that is churning out money.

We are going to show you...

...why the revolution is a new and never seen before approach to taking the Forex market hands on and shaky more money from it than you can imagine.”

So how does this automatic Forex trading software work and what's different about it? Lets see what they vendor claims is the difference.

In a nutshell - The Forex Revolution is an open platform on which we are co-developing a set of the World’s most profitable robots.”

It’s called crowd sourcing... and it works.

Think about it - Wikipedia is a crowd-sourced encyclopedia and it is now broader, larger and better than any encyclopedia made by one company (hint hint Encarta)”.

The connection between crowd sourcing and making money is odd, because that is no guarantee of making money at all and the connection just simply doesn't add up, the copy goes on:

But the reason that this is different is that our team is welcome to add their knowledge.

So - We trade. We make money. We analyze. We improve.

Then we add the next robot... and trade... we make more money... and we go on and on updating and improving as we go, as a team.

We then hear them say how some guy in the team, looks at the robot and makes some comments and they improve it. The guy they use as an example is Tom Rogers “he’s a well known trader in the community” not sure which community, as I have never heard of him and neither have I heard anything about David Heath, the head strategist of the team.

OK this looks like many other robots we review, so lets do what we normally do and check the Forex trading systems track record. Of course it looks impressive and then we look for the disclaimer and on Forex revolution, we get the usual CFTC one in terms of simulations 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.

The Forex Revolution is great marketing copy (like many other Automated trading systems) but there is no evidence of real money trading, that has been independently audited by an outside source. Any track record which has a simulation warning in the disclaimer, should be treated with caution, as it doesn't indicate what a trading robot can really make. Making money knowing all the closing prices is far different to not knowing them and of course working out were the price may go is what makes Forex trading so hard.


Unless a Forex robot has evidence of real money trading, it should not be treated with caution and the figures presented, look to good to be true and the chances of you making them are doubtful. Of course you can join the Forex revolution for just $97.00 but think we might pass the opportunity by.



 
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