Author: Steven Odwal
If you or anyone you know has been in Forex for any time at all, then you already know that most currency traders DO NOT MAKE MONEY.
Most people who think Forex will be the savior that rids them of financial troubles never make much money because they spend all their time looking for the latest and greatest in trading technologies.
Well, I've got news for you!
You already have everything you need to be a successful trader! In fact, just by committing to make some trades you're one step ahead of the rest. Most people just bounce from automated system to automated system, never taking the time to actually learn the ropes.
In this article, I plan to change that.
What No One Ever Told You About Forex Currency Trading
By the time you're finished reading the tips below, you'll know how YOU can be one of the few traders that really and truly can quit their day job.
Sound good? Now, take your first steps towards financial freedom!
#1. 99% of the Time Only the Vendor is Making Money
Chances are that at some point or another you've probably considered buying an automated trade system.
Heck, you may have already tried out one or two without success.
But, did you know that most of the automated systems you see floating around the market are actually just designed to suck in your money? Most vendors create poor products with flashy sales pages in the hopes that you won't ask any questions. Everything about the sales page is designed to get you to pull out your wallet.
Unfortunately, while the vendor is getting rich, you and everyone else is struggling to make a poorly designed trade system work for you. At the same time as millions of others.
Folks, this just isn't conducive to making money in Forex.
#2. Automated Forex Trade Bots Still Take Practice
You've probably read about how investing in a Forex trade bot is basically like buying money...All you have to do is set it up and out of the box you'll be making money.
Unfortunately, it's just not that easy.
You see, Forex is an EXTREMELY volatile market...The most volatile in the world, in fact. Over 3 trillion dollars are traded across the world every single day.
Even the most precise robot won't really be able to tell you with 100% certainty that a trade will make you money. It takes practice and an experienced eye to see that.
#3. Most Bots Don't Make Money Fast Enough (If they Make Any Money at All)
My guess is that if you're interested in Forex, you'd rather see your money grow sooner rather than later. Unfortunately, most bots just don't have the trade capacity to make you FAST money. Many times if the vendor is planning on selling the exact same bot to thousands of others, you're generally limited to a few trades a week.
Even if they don't throttle your trades, these days the market is volatile enough that you're not even guaranteed to make money on your trades.
So How Do You Make Money Trading Forex? Is It Still Possible in 2011?
Yes! You can still make money! Don't get me wrong here, my intention isn't to convince you NOT to get into Forex. I'm just trying to make sure that you get started on the right foot.
Don't get me wrong, with 3 trillion bucks traded every day, there's still PLENTY of room for you to get filthy stinkin' rich. It'll just take a little more effort than you've been led to believe.
Listen, I'm guessing that you've still got a couple of question that I didn't answer in this article, so this is what I'm going to do:
Article Source: http://www.articlesbase.com/currency-trading-articles/warning-you-wont-make-any-money-with-a-forex-trade-robot-in-2011-4199067.html
About the Author
If you're tired of struggling to make money in the currency trading market, then it's time for you to learn how to make money. For in depth training from a professional trader (one who's REALLY making money trading), click below to check out the free report:
You're Wasting Your Time With Forex - Learn to Trade Like a Professional
Now, remember how I said that 99% of all trade robots are a total and complete waste of time?
Well, I've actually found an automated system that I can comfortably stand behind. This trade bot was just released and has shown me PHENOMENAL returns. Not only that, but there's a free demo available for you to try out!
Try It Out Before You Buy (Yes, It's That Good):
Forex AutoMoney - Limited Trial Memberships Available
Either way, thanks for reading!
And good luck trading!
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