Forex Expert Advisors Delmar NY

Forex Expert Advisors are seen as an easy way to make Forex profits, simply pay a few hundred dollars, plug them in and hey presto you have an income for life with no effort!

Local Companies

Rudd Frank CPA
(212) 259-3448
1301 Avenue of the Americ
New York, NY
Di Marco & Company Inc
(716) 283-5537
1207 N Military Rd
Niagara Falls, NY
Rubin Catherine CPA
(585) 586-7529
57 Wenham Ln
Pittsford, NY
Shapiro Allan CPA
(212) 421-4710
122 E 42nd St Rm 2500
New York, NY
Weisenberg Diane R
(212) 677-6000
116 W 23rd St
New York, NY
Carella John J CPA
(518) 475-1030
17 Pasture Gate Ln
Delmar, NY
Browne James M
(914) 375-5497
641 Yonkers Ave
Yonkers, NY
Ben-Zvi Phillip CPA
(212) 259-3289
1301 Avenue of the Americ
New York, NY
Rubin Ira L CPA
(212) 447-0333
307 5th Ave Frnt
New York, NY
Umphlett Robert CPA
(516) 868-9239
1521 Grand Ave
North Baldwin, NY

Provided By:

Author: Kelly Price

Forex Expert Advisors are seen as an easy way to make Forex profits, simply pay a few hundred dollars, plug them in and hey presto you have an income for life with no effort! This is the myth the reality is losses. Here we will look at why these systems in more detail and why they fail to deliver gains.

Most traders get blinded by greed, when they look at these systems; they simply dont see there is no back up to the claims of profit made by them. Let's take some common claims these Expert Advisors make.

- You can double your income each month

- You can trade with less than 1% drawdown

- You will only have short losing periods of a few days

Well Warren Buffet or George Soros don't do that well and neither do any of the worlds top traders; so do you really think a cheap piece of software can do better than these super traders?

If anyone does their very naïve.

The reality is the track records presented are never verified by an independent source; there either a simulated back test (done knowing the closing prices) or presented by the vendors with no audit or independent verification.

It's temping to believe that you can make money with no effort but that's not true in life and certainly not true in Forex trading. In Forex trading 95% of traders lose money and if it was as easy as the Forex Expert Advisors say, a lot more people would win and they don't.

If you want to win at Forex trading understand this:

You have to make an effort and you have to acquire skills. You then need to apply these skills with confidence and discipline to enjoy currency trading success. You will be well rewarded if you make an effort in Forex trading, as no other business can offer you such great rewards for the effort you make.


About the Author:

NEW! 2 X FREE ESSENTIAL TRADER PDFS

ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential Forex info and more essential Forex Trading Information visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://www.articlesbase.com/currency-trading-articles/forex-expert-advisors-dont-make-money-despite-their-claims-of-profits-850266.html

Related Articles