Forex Robots - ywepubuy.web.fc2.com

Home Forex Articles Avoiding Potential Forex Trading Robot Frauds. Forex trading robots have a well established place as one of the most popular software product types designed for the personal forex market.

See an example of an Expert Advisor trading robot. Unfortunately, many people who purchase these products subsequently express strong disappointment that the automated forex trading software they bought just does not perform as they were led to believe it would by its vendor.

Do Automated Forex Trading Software or Robots Work?

Such feelings have even led some disgruntled people to cry fraud when it comes to these increasingly popular automated forex trading programs. Read about Trade Chimp, another popular example. At a minimum, the vendors of many of these automated trading products can certainly be said to be painting their packages in the most positive light possible by hyping up the profitability of their products.

They often show tantalizing pictures of stacks of money and present glowing testimonials from happy trading robot users apparently well on their way to financial freedom. Nevertheless, the forex trading robot vendors will usually just display back-tested trading results on their websites that were performed over a certain selected period during which the trading robot experienced a winning streak of profitable trades.

Given their often considerably poorer subsequent performance, many formerly-hopeful trading robot purchasers get left wondering whether the robots were actually written or had their adjustable parameters optimized to profit from just this particular segment of historical forex rate data. Forex trading robot vendors also tend to hide behind a standard sort of disclaimer that might read something like this:. We are not implying that these results can be generally expected or achieved by anyone.

There is a substantial risk of loss associated with trading Forex. Past performances do not necessarily indicate future results! No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this website is for educational purposes only and is not intended to provide financial advice.

Any statements about profits or income, expressed or implied, does not represent a guarantee.

Forex Scam - Forex Trading Scams List - Foreign Exchange Fraud

Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the Forex Megadroid team and any authorized distributors of this information harmless in any and all ways.

Read more about Forex MegaDroid here. The basic idea here seems to be that as long as a forex trading robot vendor puts a disclaimer at the bottom of their web page, or in some other out of the way place like a hypertext or image link, then they seem to think that this act will absolve them from any forex fraud liability if their over-hyped automated trading product ends up being a major loser for those who buy it.

Many forex trading robot websites also duly quote the Commodities Futures Trading Commission or CFTC Commission Rule 4. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.

Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. If the trading robot was originally purchased via Clickbank, this tends to be a relatively good thing since many of the problems associated with getting a refund from individual online vendors can then usually be avoided.

Forex Robots - Scams or a Road to Consistent Profits?

In general, Clickbank will return all funds to a trading robot purchaser who legitimately requests one within 60 days or eight weeks of having bought their product via Clickbank. Accordingly, while it is not recommended for readers to purchase a forex trading robot, if you still want to go ahead and do so, then make sure you make any robot purchases via Clickbank. Also, be certain to test the product thoroughly within its risk-free trial period.

This will help you avoid problems in obtaining a refund of your money if you end up being disappointed with its trading results, just like so many other forex trading robot dupes have been before you.

Furthermore, the purchasers of such software often join the ranks of the many would-be forex traders who continue to fall into such potential forex fraud traps as they naively seek the easy money and financial freedom that these forex robot products do not actually provide. Learn about TrueFX, a signal generator service which is most possibly a scam.

And here is another one, Forex Automoney. Read more about trading software scams on this page. Learn more about what to look out for to avoid scams. Your invested capital is at significant risk. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services.

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