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You will see a vast amount of Forex automated Robots which use mathematical algorithms to predict Forex prices in advance and they tell you, that you will make great Forex profits with no effort on your part but is it to good to be true? Let's take a look at how they work in more detail and see. The first question we need to answer is can you really predict what humans will do in advance? After all its millions of traders, all with different aims, skills and objectives that make the price in any currency pair. The answer is of course you can't. If you could predict where prices were going to go, there would be no market, as we would all know the price in advance, it should be obvious to anyone that markets move on uncertainty not certainty but people who buy predictive systems simply ignore this obvious fact! Predicting where prices will go in advance, is a fantasy not reality. To back up there claims the Forex automated software vendors present track records that are truly astounding. You get better track records than the world's top fund mangers (who earn millions a year) and all You have to pay is the cost of a night out. So how can you beat these super traders, by paying such a small fee and why haven't all the worlds top traders been sacked? A closer look at the track records will reveal why. Try and find one which is in real time and independently audited and your in for a long search. All you get are - back tested track records which are done knowing the closing prices or unverified figures, direct from the vendor with no outside verification. The fact is despite the claims made, of huge Forex profits with low drawdown which would make George Soros look average by comparison, these systems can't repeat back tested results in real time. It's a little harder making money, when you don't have the closing price in advance. If you think you can make money with no effort with these systems, your probably going to end up losing. Instead of looking for the get rich quick route, go the route all successful traders do and that's, to get a good education and get confidence in what your doing. If you do work and make an effort, the profit potential in Forex trading is enormous, so learn Forex the right way and get on the road to Forex trading success. NEW! 2 X FREE ESSENTIAL TRADER PDFS
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Automated Forex Software, forex robots, forex trading, online forex trading, currency trading, fx trading,
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