Forex Robots That Work Confessions Of A Renegade Developer ~ forex trading signals provider
With so many forex trading robots around, you might be surprised when I say there are very few that actually work. The Internet is full of smart marketers who know how to talk the talk, but rarely they know how to walk the walk. When it comes to the niche of the currency, smoke and mirrors, they are even more insidious because it takes time before the fraud to light, then the scammers have packed their bags and moved. However, I am pleased to say are not the few Forex robots that work there, and at the end of this article you will know how to find them.
Mil Mil monkeys typewriters ...
They say a thousand monkeys at a thousand typewriters eventually reproduce the entire works of Shakespeare, but the thousands of scammers out there are still trying to find a profitable Forex trading system. Meanwhile, they will not stop trying to sell you their latest system to quadruple your money without losses and become a millionaire yesterday. I know were all optimistic and have a positive attitude and all, but sometimes if it sounds too good to be true, it probably is. Never, never trade with real money with a system that got you based on statements made in one website try it on a demo account for at least a month and the minimum capital for the next month, and if you take the test so you can invest completely.
Forex robots that work
So I say that there is no Forex robots that work? Far from there! There are few (and I literally a handful of them) that actually works, and finding them is like looking for a needle in a haystack, if you know what youre doing. If you want to sift through the dirt and find gold, then you must first know what gold looks similar. I know this sounds obvious but most traders do not know of a profitable Forex trading system if they were hit in the face.
A famous trader once said that people are good at maximizing the rate of profit, but not very good at maximizing the size of their profits. In other words, we like to win a lot, but we are not very good at winning big. What this means is that the forex trader will average over the moon with a system that wins 95% or even 90% of the time, but in reality, do not realize that earn a few pips each trade is not so great and blow hundreds of pips in the rare case of a loss is not good for business either. In short, even a 99% winning system is not enough if your loss of 1% is greater than 99% of his victory.
You might be surprised to know that the Forex robots that actually work are losing money on many trades. In fact, there is a system that I have in my wallet right now losing a little less than half the time, yet because it is twice what is lost is a heck of a profitable Forex trading system exchange. Heres how you should train yourself to think not only in the number of winning trades, but the amount of each winning trades report to losing trades. If you understand this important concept, then youll have no problem catching the needle as if a magnet 20,000 kilowatts.
In short, it is easy to find Forex robots that work if you can avoid the monkeys. No beta testers, and do you really think the seller will sell only 100 copies? They can sell a million, and is very well be one of the millions, as it is a profitable Forex trading system and not a piece of junk that is here today and gone tomorrow. If you know what you need, and you understand how to balance the number of wins with the size of wins to losses, then you can make profits in Forex trading robots in no time.
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