Avoid the pitfalls of forex trading robots
Forex trading robots have become a popular tool in the personal forex market. They’re often attractively priced and marketed as ‘Expert Advisors’ that can operate on the best trading platforms. However, an increasing number of traders are not happy with the purchase of their automated forex trading program.
Sold on profits
Anybody with a product to sell will focus on the product’s most attractive features to get you to buy it. That is especially true about automated trading products. Often, they’re presented as offering the path to financial freedom and easy to use.
In reality, the evidence of their success is just a small sample of trading when the software enjoyed a profitable spell.
The disclaimer makes it alright
Every forex trading robot is sold with a disclaimer that denies any responsibility for how it will perform in the future.
The words may be different each time, but the message always amounts to the same thing. There’s no guarantee this software will trade profitably based on its historical performance and protects the seller from potential fraud claims.
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