Do automated forex robots work?

Question

Hey guys, I was just curios, a friend of mine told me that it is possible to earn nice profit with automated forex robots. I kind of didn't believed him, because I'm in forex for 5 years already and just couldn't find a reason for those robots to work? Anyone here had success with automated forex robots?

Answer 1

No they do not work. Actually the answer is more complicated than that. The majority of the stuff offered in the context of forex is utter rubbish and people sell it because they can't personally make money in forex!

That being said I could hypothesize that a bank somewhere may have a nerd who has created a method of making money in forex... and you can be sure that the program is not for sale!

Answer 2

It's far too simple to say "No forex robots dont' work". The fact is all a robot is is a program that follows a certain strategy. If the robot fails it's usually the fault of the strategy.

The best way to ensure your robot doesn't fail is to write your own. It's not as difficult as it might sound at first.

There's a cool tutorial on how to do it over at http://www.automatedtradingsoftware.com/ and it's aimed at non-programmers and is totally free.

Definitely worth a look if you're interested in forex trading robots.

Hope that helps.

Answer 3

no, of course they don't work.

if someone had a system that could make them millions and millions of dollars, do you really think they'd give it to you?

Answer 4

You will be surprised but automated forex robots actually work. I myself am banking out with automated forex robots! If you need more info be sure to check out http://www.automatedforex.info

Hope this helps

Answer 5

Think logically about this.

Let's see, I have a program that can make you millions of dollars, for a mere $5,000 I will sell it to you.

Not likely.

If the program really worked, they would keep it to themselves.

"Black Box" systems eventually blow up.

The absolute best "Computer" you have is the 6 inches between your ears.

No one will be able to come up with a program that can beat that one.

P.s. Your brain does not cost anything to use. NOT like those automated forex robots.

Answer 6

%99 of these automated systems don't work at all.

the working ones costs tens of thousands of Dollars, But if you want , I tried one and i still use it untill now with success as every thing is automated, costs $97 as limited offer and has 60 day money back guarantee so risk free.

Read more about that system here:

http://www.ForexTracers.com

Best Regards