There is certainly a lot of buzz about automated forex trading systems. Many traders have been accustomed to using them.

The large argument with them for a lot of traders is that they cannot be trusted.  They say the market is too complicated for a robot to trade consistently profitable for long periods of time.

Are they correct? The answer is it depends.

It really depends on the automated forex trading system that you are using.

The majority of the systems that are out in the market.  The majority are useless.  This doesn't mean that is the case for all of them.

Yeah, its true that many trading systems can't go a day with generating profits.

But you have to remember the statistic that 95% of forex traders lose money. It's the same kind of percentages for forex robots.

Let's face it.  The same 95% who are failing, are trying to create automated forex trading systems.

But the good news is that you don't have the baby out with the bath water.  There are some automated trading systems that have generated consistent profits, long term.

Fair Warning:  Do not expect to become millionaires with these automated trading systems.  No matter what you see on their sales page, you have to come in with realistic expectations.  The important thing is to make money consistently, building you accounts.  

Expert Advisors like forex autopilot and forex tracer have shown that it can grow profits on a steady basis.

They aren't the holy grail of trading and you won't make 1000 pips a week trading them, but the name of the game is long term.

Of course there will be ups & downs, but forex trading is a marathon, not a sprint.  As long as you can grow your account with a steady 5-10% a month growth, then you are doing a lot better than most of the traders out there.

Judging by most of the comments left by buyers of these robots, they are generating those kind of profits.

By the way, nobody mentioned that they have become rich or shown the kind of profits that each respective sales page claims, so it's important to have real expectations.

Sign up For Latest Articles