Forex Robots - Take Your Pick

[Andy3568]

I see a lot of Forex robots on Clickbank and have considered promoting one, but I just can't help being suspicious of their claims. Forex is basically a commodities futures exchange that trades based on currency pairs, right? I feel like I know a little more than average about the futures market having traded it (and lost), and I know that if you're going to get involved in that, you'd better stay on top of things or you can lose all your money (and then some) in a flash. I just have trouble believing in a product that claims you can just "set it and forget it" in the futures market.

Has anyone used these? Are they legitimate?

[Moderator 1]

Have heard of some success, but you're right I would never set and forget anything that your hard earned money would be attached to. Always very important to do research and always stay on top of things like that. You want to know where your money is going, that's for sure! :)

[Forum Admin 2]

This is too is a product I would do a thorough research on. It is better to play it safe then lose all your money :)

[Andy3568]

After doing a little more research, I would probably stay away from the robots. There are Forex trading systems out there that simply recommended trades that you direct yourself. I prefer those because you can test them out on paper before making any real trades.

[Forum Admin 2]

I am glad that you have researched this further Andy. We appreciate your advice on this subject :)

[Moderator 1]

It is nice to get feedback from our members, especially since it will help others too! Very valuable insight. Thanks again Andy. :)

[Andy3568]

No problem...

Two things I try to follow when trading stocks or anything else.

(1) Always do it on paper first to see if your system works. It's an easy, risk free way to test any system.

(2) When you actually do start trading, only risk money you can afford to lose.

[Forum Admin 2]

Very sound advice :)

[Moderator 1]

It is certainly a risky business that anyone should keep their eyes open with. Thanks for the insight, Andy. :)