Do automated forex trading systems work?
Monday, March 29th, 2010 at
4:45 pm
I been interested in the forex currency trading system and was wondering if they really work? anyone have any info …? please help!
Tagged with: currency trading system • forex currency trading • forex currency trading system
Filed under: Forex Trading Systems
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I have bought a few autopilot systems and so far they do seem to give a slight edge to the results.
The one that I had the best results was Forex Raptor Software trading system. Forex Raptor made me some money on autopilot.
You might find this helpful: http://www.squidoo.com/currencytradingsystem
To answer your question. Yes these systems are proven to work. Some people like to use them as advisory tools, and some use them on autopilot. It’s your choice, but be sure to choose the right system. I’d recommend the ones on that site.
No, it only works for people who have tons of money and profit from very small spreads.
No. The only reason you are "interested" is that these schemes are heavily promoted. Forex is just another commodity. You might equally be interested in commodities such as gold, cotton, or eggs.
Many forex brokers advertise commission free service. They profit with the bid/ask spread, but their spread is larger than traditional commodity firms, which charge a commission. Pros prefer paying a commision to the "free" brokers.
I highly suspect your first responder is a scam. I’d be wary of taking his links. This YA category is filled with more scams than any other category I know of.
Some of them work. http://www.24hcbmall.com/forex-trading
sure IF YOUR LUCKY!!!!!
Forex trading-http://tradingsforex.info/
no, of course not.
think about it:
if you had developed a program that could reliably make you good returns, would you let the entire world have it for $20 a month, or would you keep it to yourself and make a few million a year?
I would be careful about which forex systems you look into buying because there’s a lot of scams out there which you can get burnt from.
I would suggest taking a look at some reviews before you make any decisions because some of the systems you’re going to see are less than satisfactory (no matter what the site suggests).
When I was looking for a Forex system, I found http://www.fxsystemscompared.com which has reviewed all the top forex systems and given them HONEST and UNBIASED reviews based on actual customer comments online.
For me, reading what they had to say made parting with my cash a no-brainer.
Hope this helps?