If you are new to FX trading, should you consider a Forex robot? Most Beginners use them and if you are thinking of using one too, you should read this article before considering this as part of your FX trading strategy.

Making Money on Autopilot in Forex

In Forex trading 95% of all traders lose money and only 5% make money. While anyone can learn to be a Forex trader you need to make some effort and learn skills however with the growth of online trading, an online industry has grown up selling the message that – you can make money with no effort by using a Forex robot. These robots only cost around a hundred and fifty dollars and traders buy them in huge amounts but the reality for these traders is they join the 95% of losers because they simply don't work.

If you think about it if we could all buy a lifelong income for $150, we would all do it and no one would bother working any more.

Track Records Made Up in Hindsight

These cheap get rich quick systems give Forex a bad name and the way they present track records of gains is to basically make them up. Look at the track records and you will never see an audited one on the heavily sold ones. All you get are simulations going backwards over closing price data. The vendor knows where all the highs and lows are and simply makes his track record fit the data and make a profit. There are other robots who present what they claim is real money in the market gains but you never get an audit and you are relying on the person selling the system to be telling the truth.

The Real Way to Make Money in Forex

In term of FX trading for beginners, you should ignore Forex robots and concentrate on doing some work and learning the skills needed to succeed. Every job requires you learn skills and Forex trading is no different. The good news is that Forex trading can be learned by anyone with a desire to succeed and a motivation to learn and for the amount of work you put in, there is perhaps no other industry which will reward you so well for your efforts as global Forex trading.