Dangers of Forex Trading Robots
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.To get more news about forex robots trading, you can visit wikifx.com official website.
then of course the statement that makes the track record no use at al in determining profitability:
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".
Now what is the logic of having a track record that has never been traded and what does it tell you?Of Course it doesn't and it's a wonder that these track records are allowed to be used to sell to the public. Most of the time the traders buying the system don't dig to deep and are generally trusting throw in some good copy and there soon buying the system.
I always read about how these forex robots are sold by ex bank traders etc - there not, there sold by marketing companies looking to tap into the huge market in forex trading products.
You can make money in forex but an automated trading system that has never been traded is not the way to do it. Let's make one point clear:
Forex trading is NOT as easy as giving a few hundred dollars and buying success in a box - life isn't like that!
You need to get the right forex education and do your homework - if you want to buy a forex trading system you can find some good ones with track records if you shop around - but never ever buy one with a simulation.
You could trying writing to the vendor and ask for his track record audited over say 2 years and see if you get a reply but don't hold your breath.