The Truth About Automated Forex Trading Robot

Here are The Truth About Automated Forex Trading Robot that you must known. 

It is in our human nature that we want to get rich quickly and we would do anything it takes to achieve financial independence. As we know Forex market is the biggest financial market in the whole world and the best source of income. Many investors are attracted by opportunity to make big money fast. Combination of high leverage offered by many Forex trading terminals, easy access to the markets from your PC and high liquidity make Forex trading an excellent place to capitalize profits.

There are many ways to trade Forex market. The most common and popular recently seem to be an automated Forex trading by using Forex robot. Forex Trading robot is the file written in Meta quote language and set to plug in into Meta trader terminal. The automated Forex Robot would be set to place trades if certain conditions occur. Built in money management a system allows to run whole operation smoothly without human interference. Simply install it in on your platform and job is done. Sound like haven?

Well is not.

It is hard to believe that so many people still falling for it.

We have seen many of those automated Forex robots being advertised all over the web promising you become a millionaire within few months. Starting from Fap Turbo, which was very successful for a while until market conditions changed and program become useless and started producing big drawdowns. As it is only artificial coding not able to deal with real situation with no ability to adjust.

The market behavior is very similar to people's behavior. We run the market and it reacts like us. It will change often. It will have specific trends and will react to human activity. It will constantly change as we change. The market will never stay the same for long. This is the reason why all Forex trading robots work for a while and then become completely unprofitable. You must remember that automated Forex robot will not stop trading during holidays or news releases when the Forex market is too risky to trade. It will not recognize natural fundamental aspects which would affect currency during the daily trading session.It will not cut your losses short and extend gains when necessary.

Another thing to remember when using automated Forex robot is that results depend on your internet connection. If your connection fails while there are trades open there can be a disaster as the positions wouldn't get closed when needed, leaving your trading account with serious loss. Here the best solution is to use remote desktop (VPS). It will provide constant connection for your automated trading. This is a cost of $60 a month for basic server able to deal with the most two terminals opened at the time.

Often Forex trading robots advertised on the web are the best example of an excellent internet marketing strategy but not always an example of an excellent Forex trading strategy. Why these superb past results and accounts growing from $3K to $66K within few months are never published on mt4stats.com? Wouldn't it be an excellent selling point?