By Samuel Leslie Berkovits on EzinesArticles.com
Article source : http://EzineArticles.com/?expert=Samuel_Leslie_Berkovits


I read a lot about Forex robots being able to predict market tops and bottoms in advance by using complex mathematical formula's to beat the market so let's take a look at how this can be done.

The first point to keep in mind is Forex markets don't move to mathematics and cannot be predicted in advance, this doesn't mean you can't win, you can and we will look at this in a moment but let's look at why the Forex robots always lose.

They come up with great track records to support there claims but there never verified track records, just back tests, knowing the closing prices or figures the vendor gives you but he's biased as he's selling the system!

If you look at any of these Forex robots, the algorithms are bound to fail, as they have been bent to fit back data and to do this money management suffers; as no pieces of price data ever repeat exactly the same again, these systems get wiped out.

You don't get financial freedom for the price of a night out and that's a fact. These systems that claim better track records than the world's super traders soon get turned to dust by the market.

If you want to win at Forex trading, forget about trading certainties and learn to trade probabilities. Use a simple system with tight money management, learn to keep your losses small and run your profits.

It's no surprise to learn that many of the worlds super traders come from a background of professional poker playing and these people are so successful, because they know how to play the odds.

These traders use simple and robust trading systems and know they have to face losing periods but if they play the odds and keep their losses small, they can run their profitable trades and make huge profits long term.

Forex trading is an odds based market and is not based on mathematics and you simply need a simple system, strong money management and the confidence to run your profits and your all set for trading success.

You write that Forex robots always loose, but I know that there a many people who are glad to use them. May you used robots that were not very good for example the free robot appeared developed by Rita Lasker that is a big scam.

But she speaks the truth.
Fr. Forex Robot really awful to use. I'll take them and I hate it. Besides technical support Rita Lasker constantly losing money.And the income is unstable with big losses. Never try!