“Automated forex trading system is a great way to achieve decent amount of profits from the financial market. But, still you have to know about the warnings of this system.”
We love automated Forex trading systems. But, as a professional currency trader I believe that it is important to outline a few truths about them that I feel are sorely lacking on the internet these days.
As you are here today, you will no doubt have come across hundreds if not thousands of other web sites, which promote Forex robots or automated trading systems. And there is so much hype associated with some of these Forex systems these days that you could almost choke on it. Most of these web sites are amateur sites …show more content…
The reality is that you will not make a fortune overnight trading Forex, whether from using a Forex trading robot or automated scheme, or even from using a manual trading system. However, If you are using a good automated Forex trading system you can expect to make between 5-20% return on capital per month, even don't expect every month to be a winner. This is the reality of trading Forex in the real market. Furthermore, it should also be pointed out that many of the automated forex trading systems currently available on the market actually result in traders losing a great deal of money.
The second reality is that those one-page sales-letter-type web sites that show or insinuate $3,000, $5,000 or $10,000 in regular profits from a single Forex trade fail to mention that you need substantial investment capital in the first place to achieve these returns. The truth is that, to make $5,000 on a single trade you would need to risk several thousand dollars on that trade (you could also lose), and even then this should represent no more than 1-2% of your capital base. In fact, the reality is that these large trade profits are only going to be achieved from trading with a capital base of tens of thousands of dollars. Again, this is far beyond what the average Forex trader can expect to make using an automated trading …show more content…
Still, trading with automated systems is not a quick win game, it is not easy money. Also, it is not a sure thing and it is not a one way bet. Many robot developers and their marketing people want you to think otherwise. The promoters of automated Forex systems fail to mention that to make a lot of money trading Forex you are going to need a lot of money to invest in the first place. Remember, Forex is a difficult profession and it takes skill, capital and time and even then success is not guaranteed all time. So, be careful! Don't be gullible and don't believe everything you read. Take your time choosing your automated trading system and choose your system