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Forex Robots – Do They Make Users Money? No and the Reason Why is Enclosed

PostDateIcon May 14th, 2009

Forex robots and Forex Expert Advisors are promoted as a way to make huge gains with no effort and all you do is pay $200.00 or less for this lifelong income but it’s a fantasy not a reality and they all lose money and the reason is simple and enclosed.

If you take the promotional copy, it sounds great big gains (better than the world’s top fund managers on multi million pound salaries) no effort and a lifelong income but there is always one important fact you don’t see printed and that’s an independent, verified track record.

Of course the track record is no more than a simulation on paper or figures from the vendor which are not checked by a third party. Anyone who trusts these unverified track records will lose money.

You don’t make easy money in Forex trading, you need to learn skills and work and anyone who thinks they will get rich with no effort will be taught respect by the market in the form of a quick and painful equity wipe out.

Lets be clear 95% of traders lose and if any of the cheap automated trading system worked, the whole world would be trading and not working but these systems are so cheap, because they don’t work!

The good news is of course you can make a lot of money at Forex trading, if you have the right education and learn skills. If you make the required effort, you can learn Forex in a couple of weeks and soon be making big profits in just 30 minutes a day. So forget Forex robots and do what all successful traders do, get yourself a decent Forex education and enjoy currency trading success.

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Article Source:http://www.articlesbase.com/currency-trading-articles/forex-robots-do-they-make-users-money-no-and-the-reason-why-is-enclosed-917171.html

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Why I like Robominer
In the Forex marketplace, almost every week we see the release of some new trading system or Expert Advisor (an EA is an automated forex trading robot). Some of them work while most of them don't. However there is one EA that has been constantly making profits over the last year, generating over 86,908.00 pips in profit, and generated a 314% return in just 12 months, according to company figures.

This system that only a few seem to know about is RoboMiner. The RoboMiner EA is a long term investment system that pumps daily small profits into your account, it always closes trades with a profit. That's right, you will never have any trades close with a loss.

The RoboMiner EA uses a proven grid trading system that is so safe, it's as if your money is in you IRA account. This system generates a minimum 6-10 % return monthly, with compounding that's 100% return a year.

Let's do the maths here. If you invest $2,000 today, in 9 years from now that will turn into $1,000,000 minimum. Where else can you find such a safe investment that will give you this kind of return?

Best of all you can download a free demo of this EA, test it for as long as you want and see for yourself how it performs.

So go ahead and try the RoboMiner EA today. Click here to download a FREE copy of RoboMiner. You will never have any trades close with a loss.
What Are The Best Forex Robots?
Watch out. The only thing that some "autopilot" forex software products will do for you is... analyze the market. Sure, that's great because when a computer does all the analytical work for you, you don't have to sit in front of a screen looking at charts and candlesticks for hours on end.

But a ROBOT program goes much further.

Forex robots will actually DO THE TRADING for you, as well as the analysis work. A well-written Expert Advisor (EA) will buy at the right time and sell at the right time. It's the ultimate in hands-free currency trading... as long as it's a well-programmed forex robot.

So what are the best forex trading robots available today? I've tried several but only identified one I am happy with at this point... RoboMiner. It primarily works with the AUD/NZD currency pair and is programmed to only trade when you will make a profit. It takes profit when a trade has reached a 1.5% profit.

Why I don't like these EA's

PipsMiner. I first used the wrong settings and as a result lost money. Then I corrected my mistake and entered their recommended settings but still lost money with PipsMiner SE version. Here endeth my very brief PipsMiner user review.

Forex Megadroid. I was running the default settings in demo mode and it didnt turn a profit for me, so I got a refund from ClickBank. That's the nice thing about buying through ClickBank. Although the site promises world class support, it fell far short of that in my experience.

ForexBling. Support was inadequate. I had several questions about setup, but they were answered in just a few words when my questions really needed more info. Even the brief answers did not address my actual questions in some cases.
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