Forex automated software is a popular way to trade but there are so many Forex Expert Advisors and Robots for sale and they all claim to make huge gains but which do? Here we will reveal the best Forex robot of all.

I have been testing systems for 20 years and in the last few years, we have seen a huge amount of systems realized and they all have one thing in common:

They all claim 100% plus annual track records, all claim low drawdown and they all have no track record which is in real time and audited by a third party, the fact is they never reproduce the gains they claim they can.

If you think about this, it's pretty obvious that none of them work because if they did, the systems wouldn't be so cheap and everyone would be buying an income for life for the cost of a night out!

Look at the track records and all you get are some back tests ( knowing the closing prices) and its not hard, to buy market bottoms and sell market highs, when you have the price data in advance! It's a lot harder when you have to do it going forward not knowing this key data. Some vendors quote real figures but their never checked or audited, by a third party and don't know about you but I want independent verification.

Look at any Forex Robot and Expert Advisor and you will see poor money management and this is because to make gains in hindsight, the system is bent to fit the data and money management suffers. Money management is the key to big gains as you have to keep equity intact, so when there traded they lose quickly.

People will always buy get rich quick systems but if you are thinking of buying one and think you are going to make money, in a market where 95% of traders lose, you are going to end up very disappointed!

Do what all successful traders do and learn skills and get confidence and you can then enjoy currency trading success. Try and win with no effort and you will lose, it's as simple as that.

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Article Source: http://EzineArticles.com/?expert=Michelle_Hendrix

It is totally true, I've seen on other forums good reviews about Rita Lasker's robot and gave it a try and I lost huge amounts of my money... I'm done with forex robots