Do forex trading robots work or just another scam?

Question

I keep getting email regarding trading robots for forex, on the surface these things make some sort of sense but then again I don't understand a lot of the jargon used, are these easy for someone who has no knowledge to use or are they just a load of hype

Answer 1

Let me just say this, if I knew how to make 100k a day .... I would not send out a lefleat to you saying you can make 50k a day, and we both go 50/50

anyone that CAN make money, does make money ... a lot of these systems worked, and now don't, and that's when people like you are asked to climb aboard

Answer 2

I never use anything I get in my inbox.  I've done tons of research on forex, the trading systems, etc.  What I've had the most success with, is Forex Tracer.  Their customer service is unparalleled from anything I've experienced when dealing with Forex.

A compilation of my research:

http://allforexeveryday.wordpress.com

I trade enough to live a comfortable life.  I quit my job a couple months back because I doubled my income in 7 months.  I mostly trade for family members and friends now.  For me Forex Tracer was the way to go.  It's easy to understand and the people there will walk you through every step.  

Good luck.

Answer 3

Hey Check This Site ... They Are Really Good When It Comes To Forex

http://www.forexbrotherhood.net/

Answer 4

Some work, but you've got to be careful about which ones you "trust".

There's so much c**p out there that it's so easy to get burned.

Here's a good resource for forex robots: http://fxsystemscompared.com/forex_syste...

Answer 5

OF COURSE it's a scam ..

First off, EVERYTHING you receive by JUNK MAIL is a scam .. just turn on the 'spam' filter and never see this cr*p again ..

WRT to ALL types of betting software, IF ANY of them the worked, then WHY aren't the 'sellers' using the software to make $$ millions every hour of every day (instead of wasting their time spamming the world with junk emails) ???

ANSWER - because the ONLY way to make money from betting software is to scam morons out of license fee's ..

Answer 6

Do some programs work? Yes. Are the ones you are getting commercials for profitable? 99% NO. If they were, people would be busy making millions by trading them, not giving aways their hard earned edge in the markets for 100 bucks a month or so.

Answer 7

Most of them are scam, if they are really money machine why the owner sell them for little bucks!!!

But, sure there are some little which are good and worth. the question is where?!

I heard about some one called forex funnel which i purchased about 2 weeks ago and still try it on demo, till now 290 pips profit in these 2 weeks.

I'll continue trying it for anothet 4 weeks as it has 60 day money back guarantee.

its official website:  http://www.forexfunnel.net

also, you can read this review site at:  

   http://forexfunnel-review.blogspot.com

and i can consider this robot as one of the best in the market.

Good Luck!

Answer 8

Every bank who makes money in forex uses automated tools - so they do work - its using the right that matters.

Answer 9

Currency trading-http://tradingsforex.info/

Answer 10

Hi,

Every big trader uses some sort of software to help him or her along. However, there are some scams out there.

So, always buy a software which has a money back guarantee.

Test the software on a demo account so you won't lose any real cash until you're sure that it works.

Check out this review of recommended softwares:

http://www.squidoo.com/Automate-Forex-Tr...