Forex Expert Advisors Rensselaer 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

E I B Accounting Services
(518) 463-1025
620 Washington Ave
Rensselaer, NY
Goldstein Financial Management Inc
(212) 742-1731
50 Broadway Ste 805
New York, NY
Perless Leonard A CPA
(315) 446-4415
1 Standish Ter
Syracuse, NY
Hurley Dennis Acctnt
(518) 648-5643
Swimming Hole Rd
Indian Lake, NY
Blicht Warren A CPA
(516) 496-1525
1000 Woodbury Rd
Woodbury, NY
Printsky Tax Service
(518) 426-8299
516 Washington Ave
Rensselaer, NY
Berard Donalee CPA
(845) 296-8514
# 209
Milford, NY
Krieger Jeffrey CPA
(845) 986-3976
236 Route 17A
Warwick, NY
Bauer Wedner & Keller Llc
(212) 461-6503
350 5th Ave
New York, NY
Sobel Jos CPA
(516) 621-8234
27 Powerhouse Rd
Roslyn Heights, 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.


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