Forex autopilot trading software offers robot-driven automatic
trading of the forex market. Creators of these automated forex trading
systems claim you can make easy profits with very little time invested,
and without having to understand complex algorithms. In this review, I
will show you how to determine if forex autopilot or robot trading
systems are legitimate or scams.
First of all, any forex trading
system software that guaranteeing easy, consistent profits is an
outright scam. The forex market, like the stock market, consists of too
many random factors. Anyone promising to be able to read the future like
a fortune teller is a liar. Forex trading is similar to gambling. But
what successful forex robot systems can do, is boost the odds slightly
in your favor. Then, there will be a slight probability that you will
make money over the long run.
However, past success is NOT an
indicator of future success for a forex autopilot trading system.
Scientifically speaking, this is because the forex market has "no
memory", that is, the future and past are unrelated. Just because an
advertisement shows you an incredible "historical track record" does not
guarantee future success. This is why legitimate forex robot trading
systems will have a disclaimer that there is NO guarantee of profits and
that the product is for educational purposes only.
This leads to a
problem, though. When you purchase a forex autopilot trading system, by
agreeing to their terms of service, you have given up all rights or
guarantees for a useful product. They can now sell you COMPLETE junk,
and since you agreed to take the risk, there is nothing you can do. Make
sure that you can at least get a refund if you are not satisfied.
Furthermore, try to search for reviews of specific forex software online
before you make a purchase.
In summary, just because a forex
robot trading system made profits in the past does not mean it will make
profits for you in the future. You should be very wary of forex
software promising profits, as the random forex market is impossible to
predict. Make sure you read reviews of forex autopilot trading systems
before you make a purchase, or at least make sure you can get a refund
if you are not happy.
Instead of hoping someone will give you a hands-free, mind-free
way of making money in the forex market, the best investment is learning
yourself how the forex market works. You will not be scammed if you
understand and test the forex market yourself.