Automated Forex Day Trading - Don't Fall For The Hype of Automated Trading!
Automated forex day trading can seem to be the final solution to trading. The promise of a push-button software application, that can make money for you while you sleep is a big draw. Unfortunately, these claims of effortless profits are unfounded, either extremely over exaggerated or simply lies. Many of these automated forex software systems are nothing more than an empty package in fancy wrapping. I've seen a so called forex robot do nothing ' absolutley nothing ' for a month! And keep in mind this was an automated forex day trading robot that cost over $200.
The main reason why 99% of these automated systems don't work, is because the market is dynamic. Most of these robots are developed by using historical data. The creators simply twist and try until their automated system gives a profit ' on OLD data. But as any financial advisor or economist will tell you: The market is constantly changing and you can't trade on yesterdays news. The result is that these systems look great on a sales page ' they can claim that their system made tons of profit ' yes, it did, but not in the REAL market.
Think about it again, if you had a system that was really so superior, would you sell it, let alone sell it on the internet? Wouldn't you go to a bank or hedgefund? You know why they didn't do that with their automated systems? Cause they'd be laughed at and shown the door!
If you want to start trading, stay away from automated forex day trading and stick with a good training course. That's how I began and I was in the green after 6 months. Now I can retire at 41 and live in a nice house by the sea in Thailand. Not bad for an old math teacher huh?
I recommend you sign up for a free demo account first. I trade with
About the Author:
Huey Davis is a semi-retired Forex trader, living in beautiful Thailand. He runs the website:ForexTradingWinners.com