Archive for March, 2010
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Forex Expert Advisors – are not Experts and Lose Money Quickly Here’s Why
March 31st, 2010 | 
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It’s a grand name Forex Expert Advisor but that’s all it is a name. The systems you see heavily promoted offering you riches for a couple of hundred bucks, will simply wipe out your account and do it quickly – Here’s why…
If I came up to you and said give $200.00 and in return, I will give you thousands a month for life, you would laugh in my face, as you know it’s not true.
Surprisingly, when people buy Forex Expert Advisors they don’t stop to think how ridiculous the claims forex robot vendors make really are.
Let’s look at some common claims and why they obviously don’t work.
1. The Track Records Presented will Repeat for You
No they won’t. Most are back tests on historical data (made up in simple terms knowing all the closing prices) or presented by the vendor with no independent audit. If you think there going to make you huge gains, you can trust them but I wouldn’t.
2. You can Double your Income Every Month
As Forex is an odds based market that is impossible, you can’t no one can it’s a ridiculous claim.
3. You can Trade With Less than 1% drawdown
Not even the world’s best traders; earning millions a year do that. To make big gains you have to take draw down, that’s just a fact of life.
4. You can Make Money with no Effort
If the Forex Expert Advisors really did do this, no one would work and the whole world would be trading. You don’t have to make an effort with them but they lose money.
5. Developed by an Expert
Noticed how the advertising copy tells you it’s an insider geek or nerd revealing secrets? Well looking at the systems there anything but expert crude algorithms with un sound money management. In fact one person actually took pictures of some of the well known developers and showed them on another site where they were paid actors!
Making Money With No Effort if Only it Were True!
People who buy these systems are just naïve or greedy, as it’s obvious they don’t work. If you want to win sorry, but its old fashioned education and learning skills, you can apply with confidence however if you make the effort the rewards are huge.
Forget Forex Expert Advisors, simply spend a few weeks getting a good solid education and you could soon be making big profits in around 30 minutes a day.
No venture gives you such huge rewards for your effort so get learning and win!
Kelly Price
http://www.articlesbase.com/currency-trading-articles/forex-expert-advisors-are-not-experts-and-lose-money-quickly-heres-why-718017.html
Posted in forex mega droid | 
Tags: Actors, Algorithms, Back Tests, Developers, Drawdown, Expert Advisor, Expert Advisors, Fact Of Life, forex, Geek, Grand Name, Independent Audit, Insider, Making Money, Money Management, Nerd, Odds, Robot, Sound Money | 
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Forex Megadroid
http://www.jyaga.com/forex-megadroid/ – Forex Megadroid™ Indisputably Proves A Robot Can Trade With 95.82% Accuracy In EVERY SINGLE Market Condition And At Least Quadruple Every Single Dollar YOU Deposit
Duration : 0:0:27
Award winning work-from-home solution with Forex Killer part 2
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The Number 1 opportunity online – The Forex Killer – as seen on CNN. The video introduces a new software on how to create forex signals yourself, how to spend just a few minutes a day, how it has low risk and high returns, and the best home business for everyone.
Duration : 0:2:17
Posted in forex killer software |
Tags: automated forex trading, buy forex killer, forex, forex killer download, forex killer formula, forex killer reviews, forex killer software review, forex killer system, Forex Software, Forex Trading Software, Forex Trading System, Forex-Killer, review forex killer, review of forex killer |
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Forex AutopilotForex Robot Reviews – Forex Automatic Trading Robots
http://www.PennyStockRobots.com – If you’re like most people, your paycheck is not big enough. You don’t have enough money to pay for your family’s needs, let alone its wants.
Unless you do something, this probably isn’t going to change. Things are going to get tighter and tighter, until something snaps and everything you’ve worked so hard for will go spiraling down the drain.
You’d love to make some extra money, but it’s not that easy. You could take a second job, but it’s not healthy to work that many hours. Anyway, what if you already have a second job, and you still feel it slipping away?
There are some small businesses that won’t cost you anything to start. They’re called sweat equity businesses. You could try one of those. But they’ll still leave you tired.
So, if you don’t want to work a second job or start a small business, what can you do to get some extra money?
You can invest your money. You could try trading stocks in the NYSE or trading currencies on the forex market. You can make a lot of money investing if you do it properly.
This isn’t as easy as it sounds, though. You really have to know what you’re doing if you want to make money in something like the forex market. It takes a lot of experience and intuition to make money that way.
That’s only if you do it yourself though. There are people who can help you. There are people who know the forex market like the back of their hand. They write computer programs that can trade for you.
They write these computer programs to help them trade profitably. They call these programs expert advisors or robots. They do this because they know how the forex market works, but they are only human. They can’t trade the forex market 24 hours a day. They have to eat and sleep after all.
It’s easy to find these programs, and they can be an excellent way to earn a passive income. The programs will trade automatically. You just have to check up on them every once in a while, to make sure they’re still working.
Duration : 0:2:19