How To Avoid Forex Robot Scams

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Please also watch: "Forex Hedged EA trading - direction does not matter" Learn how to make money Buying and Selling at the same time. https://www.youtube.com/watch?v=Oj7SfPrBCF0 -~-~~-~~~-~~-~- For more information about the contents of this video please go to http://www.expert4x.com and http://www.forextrading-alerts.com Learning how Forex automated Robot scams work is one of the things Robot marketers do not want you to find out. Knowing how they do it will help you learn to exploit opportunities so that you can have success with forex robots! If you currently have a Forex robot running right now it may cause you some concerns as you may be trading without the information shared below. The person that knows the Forex robot the best is its designer. It is often assumed that the default settings supplied with your Forex robot are the most profitable. The Forex robot designer often earns his money from both trading the robot and marketing it. Many times the optimum settings for trading a robot are not the best settings for marketing the robot! It takes two mindsets to market a Forex automated Robot. They normally consist of two groups. The first group is the trading system experts, the math geeks and system programmers who design and develop the robot and determine the optimum trading settings. The second one is the marketing group. They have market the efficient Forex trading robot. Their focus is selling the biggest volume of the robot as quickly as possible. There is quite a big difference of perspective in the two groups which may not be that clear. To sell an automated robot marketers are forced to prove better results than its competitors. It is unlikely that the robot would sell if advertised as generating worse results than those in the market. That is why they come up with over dazzling income results and performances used sell you the robots. The settings that resulted in the performance were created by the marketers, not the programmers. One way of doing this is using between ten and twenty live demo accounts with say $5 000 each. Then ignoring risk and money management principles, optimum risk and trading settings are used to produce highly optimised results. Only the best results are used. The marketers can then use these account for their marketing as they have great performances. Potential clients can even use an invest password to view these accounts. There is no mention of the accounts that lost money. The risk and very often the reality is that the clients who place belief in these results start using these Automated Forex robots with the supplied default settings. This more often than not, results in catastrophic drawdowns on their trading accounts. The sad thing is that it might be a perfectly sound robot with settings designed for short term marketing results rather than longer term trading income. Not all automated Forex robot marketers do this but it is difficult to tell at the time of making a purchase. There are a few ways of preventing a disaster Firstly, Learn the system using a demo account. This will allow you to experiment with settings and find out the strengths and weakness of the trading technique used by the robot. Secondly, Demo trading will also allow you time to focus on the risk and money management aspects of the automated system ignoring the default settings. Thirdly, why not run ten versions of the system at the same time to get a feel of how to optimise the robot for the best performance and lowest risk. Most Forex traders are in such a hurry to make lots on money that they do not follow the above three steps and trust the marketers of the automated Forex robot for the optimum settings to trade their precious investment funds. For additional information click on this link http://hedged4x.com This video has been created by http://expert4x.com to support the Forex Products and service available on their website. Expert4x Forex offers you many of these Forex trading money making solutions: Beginner introductions, manual trading techniques, Automated trading, using specialized indicators, subscribing to alerts, etc. Expert4x also supplies many FREE trading tools, magazines, movies, courses etc. More information can be obtained from the group websites: http://doubleinadayforex.com http://longcandleforextrading.com http://forextradeoftheday.com http://meetforextraders.com http://expert4x.com http://MoneyMakingForexTools.com