Forex robots appeal to greedy and lazy traders and of course they don’t work because if they did everyone would swap their jobs for life of leisure, pay 100 dollars and enjoy financial freedom. Of course the reality of forex robot trading is a wipe out of equity here’s why.
Forex robots for all the clever marketing on the vast majority try and present one advantage which doesn’t add up in real life and that’s the track record.
The track records of most of these forex trading systems would make the world’s top traders envious if they were true, bank and brokerage dealing rooms would have no people left, just 100 buck robots making cash. Why bother with a dealer on a seven figure annual salary, when you can get better returns on $100.00 a year?
Of course the track records are not true.
When you look at a track record, you imagine it to be real money, after all you are looking for evidence that the robot makes money – that’s why your buying it but the reality is the track record is not real and this appears by it.
“CFTC RULE 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown”.
I think that says it all about the tack record. Now you know why traders serious about making money don’t use them.
You will often see people review these systems online and tell you how much money they have made with the system and recommending you to buy it – click their link however and you will see an affiliate deal for the system! So they have vested interest in selling it.
So if you think you can get rich easily and with no effort then, you will be sorely disappointed and really, if you thought about it, what a forex robot claims for the price charged simply doesn’t add up.
You can make a lot of money at forex trading and there are some robots that work and are proven – but don’t expect not to lose for long periods (you will thats part of forex trading) and don’t expect triple digit figures each year. If you make 30 to 50% annualized your up there with the best traders and systems.
When looking for a forex robot, researching on the net could be the best option for you. Internet can provide you numerous software, from which you will be able to select the best one.
Are you looking for a good Forex trading robot? If so, you should know the fact that finding the best forex trading robots is not a simple task. Although, you will be able to find hundreds of options when looking for Forex robots, only some are able to provide the right service for its users. Most developers advertise their robots as the best and publish statements about them. However, when it comes to the end results, most of them will not be able to satisfy your needs. Moreover, you should also make sure that the software you select is simple and easy to understand. Using a complicated program, which is hard to understand will again cause numerous hassles during the trading.
Most of the forex robots do not live according to the qualities listed on their website as they can predict the trend and the route of the forex market, trade with an accuracy of 90% or more. You will also see some claims online that says double your investment and make more profit in a month. With these announcements, it is easy to fall into it, especially if you are new to the business. Therefore, it is very important to evaluate, examine and perform various tests on the robots you select and ensure you are choosing the right that suits the type of trading system you carry.
When you are looking for forex trading robots, you will also come across many free options in front of you. Most of the developers also provide trial versions of their software, which will help you to download it in your system and check its performance. As forex is a very risky market, it is very important to have the right trading strategies and tools with you. If you are a new trader in the market, taking the assistance of a broker or expert for selecting the Best Forex Trading Robots could be the best option for you. As these individuals are experienced in the market, they will help you to select the right trading system that suits your trading system.
Timcy Hood writes informative and unique articles about Best Bank Interest Rates and Forex Trading Forum. One thing that separates Timcy Hood from others is the passion she puts into it, knowing full well and respecting the time viewers spend on reading his work.
The Best Forex Robots available online are considered the best friend to any forex trader. Those who do not understand what a forex robot is, they should know that this is software that helps traders to effectively trade in the currency exchange market. The robot is usually programmed to undertake trading without involving humans. Due to this, it becomes such an essential tool, as a merchant can buy and sell without necessarily logging into the trading platform. All of you need to do is to program the robot that trades on your behalf.
As a new entrant in currency exchange trading, you will meet many companies selling such automatic tools. As most time they are usually expensive, you should do thorough research about the software and the company you want to buy from. The best place to start your research for a reputable company selling legitimate ones is from friends. If you know friends who trade in the market, you can ask them to refer you to a good company. This way, you will easily identify a good system without struggling too much.
If you do not have friends to recommend a good one, you can undertake the research by yourself. The best place to do research is online. You can start by making the regular Google search and you will identify several companies selling the software. To ensure that the company is reputable and it is selling good products, you should read the various reviews given by different users. From the reviews given, you will be able to know if the company is reputable or not. Do your researches, before you use a site offering forex robot free download options.
If a company has many negative reviews, you should avoid buying the tools from them. This is because most likely they will sell you a faulty program. Other than the company having a bad reputation, you should also avoid buying from a company that has no reviews. This is because most likely the company is new and has no experience in its operations. To be on the safe side, always ensure that you buy your automatic tools from a company that has a good reputation and years of experience. This is because the company will have a reputation to protect. Therefore, they will sell you the best quality products. Other than selling you high quality products, experienced companies are usually knowledgeable. As a result, they will guide you in any area you are not experienced. Before choosing the right one, you should learn more about what are Forex Robots.
This is why a coach is so crucial. You need someone to hear your statements and point them out to you, help you question them, and then release them or replace them.
My interview with Steve really made me aware that none of us listen to our language closely enough. I sometimes catch myself complaining or stating a limiting belief. I have to pause and ask myself, -Is the belief true in objective reality?-
In other words, is it a fact we can all agree on and even measure?
More often than not, it isn’t.
Years ago, when I trained with famed bodybuilder and Olympia winner Frank Zane, I was urged to watch my mouth. Frank would tell me, -I pay attention to how people speak. Your statements are usually empowering, but when you got under the squat rack, you started to say you couldn’t do it.-
He was right.
Frank wanted me to learn that my thoughts were leading me to create my own limitations. My statements about what was possible were in fact programming me to expect the very thing I declared. I was programming a robot: me.
I’m inviting you to monitor your thoughts and your language. What you say is programming you. As Steve pointed out in our in-depth interview, your words are speaking reality into being. But the reality you speak is one fabricated because of what you speak.
Here’s what Steve suggests you do right now to remedy this:
Speak as if what you want is already true. -I am a multi-millionaire.- -I am in love with the perfect person for me.- -I am healthy.- You get to choose. Make it now, present tense, and positive.
Watch for clues. Your subconscious will hear your new language and begin to offer evidence for it. It will, in a sense, test you. Be sure to take action on the opportunities that arise, to prove you are becoming that which you speak you already are.
Be that person. In other words, feel as though you already are what you said. Your emotion will stir motion in and around you to bring the desired state into being.
As you review this post, what comes to mind?
What are your thoughts right now?
Do you believe you can reprogram your mind?
Do you believe you can have, do, or be virtually anything?
This is all part of the process of deprogramming the robot of you. It’s about freeing yourself of limitations. How you answer reveals your beliefs, not objective reality. You can remain programmed by circumstances and upbringing and past beliefs; or you can begin the process to take control right now and reprogram yourself for what you want.
Remember, your subconscious mind will look for evidence to prove what you believe and expect.
So, what would be really good for you to believe right now?
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Once again I am astounded at how reality in actual fact follows fiction. One would think that it is actually the opposite, correct? Well, read on because this may knock your socks off.
Remember the original “Terminator” motion picture? Well this post may very well remind you a little of that. BigDog is a handiwork of Boston Dynamics Robots, and is rough terrain robot that has the capacity to run, walk, climb and even carry excessive loads. It is powered by an powerplant that controls a hydraulic actuation system. It looks similar to a four legged animal, or at the minimum, it has four legs and walks and runs in a very similar way as 4 legged animals do.
It appears BigDog is a device that has been in the evolution stages for quite a little while now, a few years to be specific. It is roughly the size of a big canine friend, hence the name – about 2.5 feet high and 3 feet long.
BigDog is a thoroughly functioning robot with its on-board computer moderating everything from sensors to the extensive motion of the piece of equipment. The regulation structure keeps it well balanced at all times – even when you try to force or kick it over, and the onboard computer system will steer the robot’s path through differing environment and circumstances. It even comes with a stereo vision system.
At the outset BigDog jogged at 4 mph, climbed uphills of up to 35 degrees and could walk across rubble, through snow, mud and water, and set a world record by going continuously for 12.8 miles without the need to cease. That was roughly three years previously. Now Boston Dynamics have revealed that the Defense Advanced Research Projects Agency (DARPA) has allocated it contracts to develop two new robots, one being agile and the other speedy. The latter, the CHEETAH robot, will have four legs, a supple spine articulated head/neck and perhaps even a tail. And here’s the cherry on top
Forex trading robots are all over the internet, costing around $200.00 or less they promise a huge income monthly with no effort for the cost of a night out at the bar. So if you can make money so easily why is everyone not trading and giving up their jobs? The answer of course is they don’t work and the reason why is enclosed.
Forex robots promise huge gains, with little or no draw down which if these track records were true would mean they were producing better gains that super traders like George Soros, Larry Hite or Jimmy Rodgers and these are billionaire traders – doesn’t quite add up does it? Of course it doesn’t and a quick look at the track records will explain why.
You get big claims but where is the independent verification of results? You don’t, of course get any verification because these robots have simply not made the gains they claim.
Most robots base their track records on simulations going backwards over closing price data and this of course is easy because – you know all the highs and lows in advance! In the real world of trading you don’t know this key data and that makes trading a lot harder.
Some Forex robot vendors produce gains they say are real but there is no outside verification from a neutral party and you are taking the word of the person selling the system.
In reality the reason you can buy these robots so cheaply is – they don’t make money and the only person generating the regular income is the vendor of the system.
If you want to make money in Forex trading forget these cheap, get rich quick systems and do what all successful traders do and that’s learn skills. In life to make money you have to learn the basics and put in some effort but the good news about currency trading is for the effort you make, no other industry can reward you so well as global currency trading.
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In the movie, I,Robot, almost everybody has a robot. Robots are nothing special. They’re designed to follow their masters’ orders, period. For this reason US Robotics designs their robots with a brain only, no soul. They are all logic, no heart. This is science apart from God.
However there is one robot named Sunny who is created by his “father” with a special purpose: To function apart from the central super-computer, Viki. His designer, Dr. Landing, gives him an extra “positronic brain,” which sets him apart from his mechanical peers. This separate consciousness allows him to override the Three Laws of Robotics (1. A robot may not injure a human being or, through inaction, allow a human being to come to harm. 2. A robot must obey orders given to it by human beings, except where such orders would conflict with the First Law. 3. A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.)
Sunny is unique because he was designed with something like a soul. Therefore he dares to think about purpose; he dares to dream. The fact that he cares about purpose proves that he was created for a purpose by his “father,” as Sunny calls his designer, Dr. Landing.
Similarly, the fact that human beings care about purpose proves that we were created for a purpose. If God did not create us for a purpose, then the concept of purpose would never cross our minds. If God did not create humanity for a purpose, then the world is full of billions of two-legged, thinking, talking accidents.
Another hint that we were created by God is that we have the power to choose. Likewise, in I,Robot, Sunny could not have been rolled off the mass-production line. He was created carefully by his “father” to function as something besides a mindless drone.
Evolution says that consciousness is an accident, but this is impossible. Consciousness implies purposefulness. If we were nothing more than minerals and moisture then we would function by logic only. But everything that makes us human defies logic.
The fact that Sunny had a soul made it possible for him to appreciate something as illogical as liberty. It gave him the ability to comprehend the value of life. For this reason, he could ally with those who cared about a moral right. Similarly, for us humans, as long as we acknowledge our spiritual roots we will appreciate moral uprightness. As long as we draw near to God, we will maintain our ethical bearings. Apart from God we will devolve into either heartless machines or senseless animals.
A 4x robot is a programmed designed to make forex traders money on autopilot. These systems are very popular with new traders, because they see it as a way to bring in quick profits without any work. Are these traders really making a wise decision by trusting their money with one of these programs? Well the answer is both yes and no.
Most traders dont realize that a 4x robot needs to be maintained at least on a weekly basis. The robots have settings that must be optimized for the current market conditions. If these setting are not set properly then the robot will trade improperly. When the traders receive these robots they are already properly optimized so they make money right away.
The big problem is that these traders start by testing the program in a demo account, and then move it into a live account after a few weeks. By the time they move the robot into a live account the market is changing and the robot is becoming less optimized for the current market conditions. This leaves the traders confused when they begin to lose money in their real trading accounts.
The upside to these 4x robot trading systems is that if properly maintained, they actually work; and work really well if I might add. Now they dont perform as well as the programmers always claim. They seem to always make outrageously high statements about their robots that really just arent true. But most of these systems do make money for their traders.
If you’re thinking about getting a 4x robot now, I bet you’re wondering how to pick one to buy. Well a great place to check out the current best 4x robots is to check out a forex robot reviews page These pages give unbiased reviews on the best forex robots currently on the market. If you’re interested on more information on forex robot systems, you can check out this article
Good Luck Fellow Traders!
Forex Robot vs. Human Trader Who will win?
Or is there any competition!
Can a Forex Robot out-trade a highly experienced human?
Can the Robot have the necessary intuition and savvy to ascertain when a trade is viable, or when to exit the trade?
A robot is mechanical in concept, its judgement calls are based not on emotion but on rational facts.
Admittedly the Human does have the ability to sense a good trade, the ability to instinctively know that the trade is not working out, the ability also and unfortunately to get it wrong.
Of course the Robot will not get it right all the time, but does this matter.
No, it does not matter and quite rightly.
What we ask of an Automated Forex Robot is that it maintains a forward and controlled slope upward of profitability. That it maintains a balanced approach to the trades, that it maintains a predictable money management and risk control policy.
The Robot does not suffer the problem of distraction, tiredness, the need for a break, and the lack of focus that comes from watching a computer screen endlessly.
The human trader may have instinct, intuition, savvy, experience and the ability to feel a good trade, but the Human is only Human, with all the foibles that this entails.
What I look for in my trading is profit in a controlled manner, the robot still will come up Trumps for this.
Of course, it depends on the Forex Robot, and how it is set up.
The Robot needs to be researched, demoed, and a plan formulated before going live.
I know from Personal experience that once you have reached this position, what is necessary then is to go live. Take note on my other articles on the website that state that this should be with the trading program hosted on a VPS host. We do need the program to remain live. We certainly do not want the computer to crash, hibernate; power down etc as sometimes happens with our personal computers and laptops.
Also, from personal experience it is vitally important to let the program run without human input. The desire to take a profit before the trade has reached its profit level always remains strong.
The program must take profits and must take losses.
What we must do is evaluate the results at the end of each 24 hour period. If it is making profit then our only decision is whether to increase the lots traded.
I, for one believe that the Robot will always beat the Human is terms of long-term sustainable profitability.
Please visit my website for further comment and updates re. The subject of Forex Robot Trading.