Do forex robots actually work? I am often asked this question. There is a common misconception when trading with a forex robot. Most people think they can just take a couple hundred dollars, buy a robot that "looks" good and wake up the next morning a millionaire! Actually nothing can be further than the truth. We must remember that a forex robot is designed to automate your trading style and risk appetite.
There is a strong learning curve when autotrading your account with EA's. It is important to understand that just because a robot has been trading good for the last few weeks, does not mean it will continue to do so. Many vendors of forex robots will not stand by their products to release updates based on changing market conditions. They are literally just trying to take your money and run! Do your homework on which expert advisor companies stand by their product and use them on their OWN trading account.
One of the primary reasons I created this blog is to inform my readers about the truly genuine vendors that do exist, so we can all feel more confident trading in forex. If you use the drop down menu on the right labeled "blog archive" you will find many posts designed to help you make informed decisions. You will quickly understand what it takes to succeed in this "business". So I ask you to stick around and let's profit together! ; )
