Automated FOREX trading software i.e. robots have gotten a bad reputation over the years, and rightly so dozens of trading robots are brought to market each year, and virtually none of them have withstood the test of time.
When a new robot is released, accompanied with great fanfare and marketing hype, traders usually (but not always) get positive short term results with it. In fairness, if you are an 'early adopter' many trading robots are very likely to make back the initial investment in the software. After the initial release of the product, very few robots get results consistently enough to make it worth your time and effort. But don't write them off just yet...
Unfortunately, traders continue to trade with robots long after their effectiveness is limited, and many of those traders end up taking losses greater than their initial investment amount. So what went wrong?...
Why do most robots fail? The short answer is because the market dynamics are always changing, and the logic built into most robots cannot adjust itself to stay relevant as the market changes. Basically, they are static, while the market is dynamic. But an even more important question is why this is the case?..
Why are robot developers not creating products that can adjust and change with the market conditions? The answer points to a truth that is somewhat unpleasant, but it needs to be brought to light...
Understand that the idea of automation software is very attractive just 'set it and forget it', and profits roll in while you work, play, and sleep. Its a very seductive idea isnt it? We all understand that computers and software can analyze the massive amount of market data with a level of detail and rigor that human traders simply cannot match.
We instinctively know that computational power should help reveal market trends and point out possible changes in market direction. And it SHOULD! So why do robots fall short so much of the time?...
The truth is that the robots fall short because the motivations of the robot developer usually fall short. Heres what you need to be keenly aware of: Most FOREX robots were created with the sole purpose and function of being brought to market to create a profit for the marketer.
In other words, most robots were dreamed up to make money by selling it, they werent created to make the developer money by actually functioning in the trading markets by properly buying and selling currencies. When the motivations of the creator are sales-based, and not FOREX performance-based, then you have a recipe for disaster, and that is the fundamental truth of why so many robots fail to live up to their promises.
Fortunately, not all robots were created to be marketed. Some were actually created by dedicated traders who are in the FOREX markets to make money from trading profits buying when its time to buy, and selling when its time to sell.
In some cases, robots have been functional and profitable for years, yet the software itself is virtually unknown except by the creators, who use them day in and day out to build wealth either for themselves or for their clients.
Below is Toms story. Tom is a savvy trader who bought into the promise of using technology to help him identify potential market direction. He invested his own time and money into developing software that would actually work. He has a busy life and Tom is no marketer, he had no intention of selling this software it was his private secret weapon.
Tom also happens to be a former fund manager it was his job to make his investors money, and Tom is very good at that. He also happens to be the CEO of one of the fastest FOREX brokerages in the industry. Clearly, Tom is a long-term expert trader who has done very well for himself.
The only reason you are now hearing about Toms software is because Tom recently bumped into Dustin Pass of ForexTradersDaily.com and revealed his special project....
Toms EA is a fully-functional Forex trading expert advisor that assures you surefire profits each time you trade. It is compatible with Metatrader 4 and is fairly easy to use. To get started, all you have to do is to download and install the program, set-up the system with the recommended options and preferences, and watch the system run and work its magic.
Toms EA is the brainchild of Tom Flora, a Forex trading expert who has designed a flurry of other successful Forex trading expert advisors in the past. Today, he returns to the stage to introduce a new system, a powerful Forex expert advisor that truly works. It is an enhanced version of Forex Brokerage but it comes with new and improved features to make it stand out from other expert advisors.
Read Full Toms EA Review Here
==> Tom's EA Review
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