There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.

There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner’s luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.

I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy’s robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.

I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.

Profitable forex robot programs only work if the number of identical robots aren’t a lot. If there are only a handful of robots using algorithim X, which is very profitable, then it will continue to be profitable as long as the same number of robots using other algorithims stays the same, and the number of robots using algorithim X stays the same. If everyone learned of algorithim X, and they all decided to use it, then over time, algorithim X would become useless; it would be "arbitraged out of profitability".

The reason is that a certain algorithim will have a certain buy signal. To begin, the programmers will discover a very reliable buy signal, then write an algorithim to it, for instance, every time a currency moves up 0.5% in 3 hrs, to buy, or something like that. The robot will keep doing that, and profit, since people using other programs still believe that the currency wil keep going down, etc. However, if enough people use algorithim X, that buys at that signal, then not enough people will be selling at that same condition. Soon, this will cause the blanace of supply/demand to be thrown off kilter, and the new demand will change the actual price movement, and the algorithim will be rendered useless, because everytime the currency moves up 0.5% in 3 hrs, then everyone will be buying, and no one will be selling.

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Not to mention, why would people give out the algorithim if it were creating money for them?? If they were smart enough to create the algorithim in the first place, they should know this concept, and be smart enough not to release it/sell it.

If you are certain you have an idea mindset to get started into the Forex Trading Market, then I encourage you to learn forex where you can have all the information you need.

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Many traders develop their own strategies and trade them so that they have a complete understanding of performance. Once understood it is certainly possible to automate that strategy. Any automated strategy can be described as a robot. There are many strategies out there that just don’t work so that is why it is so important to test and retest a robot before you trade real money.

Yes, there are scams out there but it is up to you to investigate the performance of a robot before you put real money on the line. I would not dismiss them all because there are some that work. Do your homework and you won’t get scammed.

I Had Suffered As like You Since 28th July 2009 Wait is Over My Dreams Come True With IvyBot Automated Trading Robot It Works Incredible to me It has "4" Currency Pair Attacks and Automatically Update Alerts

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The majority of the forex robots will work in the metatrader4 platform and it also allows you to open an account with fake money while trading in a real time market.

Here’s a good article that may help you in finding some quality forex robots. There also know as "EA’s" or expert advisors. Basically it’s an set of indicators that triggers trading signals when conditions are met. Again some are more superior than others. Check out the article, it should help.

http://ezinearticles.com/?Forex-EA-Systems—The-Best-of-2009&id=2880154