Automated Forex trading is big business online but all the cheap Forex robots you see which promise they will make you rich with no effort, will lose you money and the reason is obvious and the subject of this article.
The reason Forex robots don't make money, is obvious if you look at the track records they present which never show any real time money profits! All they give are simulations going backwards over historical data and to make money doing this is easy, because you know all the prices in advance!
Others give you what they say are real results but do you ever get verification from an accountant? Of course you don't, you have to take the word of the vendor and he's selling the system!
These systems make big claims but have no evidence of real money gains as back up and if you really could make the money they say, with no effort no one would bother to work and everyone would become a trader.
Who wouldn't want an income for life for a hundred dollars or so? I know I would and so would anyone but the reason these software packages cost so little, is they don't work and the only person who makes a regular income is the person selling the system.
If you want to make money at Forex trading, forget the easy money with no effort message of the automated Forex trading vendors and do what all successful traders do and that's make an effort and get yourself some good Forex education.
If you make an effort, no business can make you more money for the work you put in, so learn the required skills ( which anyone can do) and make yourself a great second or even life changing income and leave the Forex robots to the naïve or greedy traders who lose.