You may have heard of the Forex Growth Bot. This trading system was until recently one of the few good systems to trade with. The drawdown this suffered recently demotes this system into the abyss. There are a couple of reasons why I believe this to be the case. See below;
1. Low profitability (< 40% win rate) With a win rate this low you must capitalize on specific market conditions that only present themselves less than half of the time!
2. Diversification - Yes I know the Eur/Usd is the most liquid pair but FGB only performed "well" for a short time on one pair.
3. Poor Code - While the strategy worked well for some time, the code was written poorly and traders complained. Many trades were not closed when they should have been, increasing market exposure! (risky)
Let's face it, the only way to make a lot of money trading ANY instrument is to have high leverage and a sound strategy. Leverage comes in two forms;
1. Account leverage (how much you can "buy" against your account)
2. Account margin/capital (the amount of capital in your account)
For example, if we have an account with 100USD and we have gained 50% on this account, we have made how much? 50USD right? not a lot of money in today's world. Conversely, if we have a 50,000 account and have earned this same 50% gain, then we have earned 25,000USD! By the way these are pretty conservative gains as we could realize anywhere from 50%-100% gains annually.
If you have been struggling to find a good solution to earn money from home, I believe this is what you have been searching for. Once you sign up to use this strategy the creator of the WSFR will help you get things all set up! They really are very good at what they do.
