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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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