Automated Forex Robots promise a regular income for $100 or so but of course they don't deliver the gains they claim in real life for users and the reason is obvious and enclosed...

The Forex robots you see advertised online with great track records all have a problem - the track records are simulated back tests or to put it another way made up.

The fact the vendor can choose where to buy and sell, knowing all the closing prices, makes it easy to make gains and of course, the gains you see are obviously not going to repeat and the reason is obvious - if they did, the vendor would keep quite and make a fortune, or sell the system to a major investment house for millions of dollars.

The people who promote these automated Forex robots, have the good sense not to trade them, as they know that a naïve or greedy trader will give them a guaranteed profit by buying the software so:

Do any of automated trading systems make money?

Yes they do and you can search some out, that have real performance and you can even get free ones that make money (we are big fans of The 4 Week Rule which has made savvy traders countless millions over the last 25 years ) but you have to keep the following points in mind when trading even the best robots.

- The best robots can make 50- 100% annual compound gains and are long term

- Drawdown periods normally last for a few weeks to a few months

- The size of drawdown varies by is typically 25 - 50% in size

They are long term and you must understand how and why they work, so you can follow them through long losing periods with discipline.

The big gains and no drawdown only exists in simulations, in the real world, even the best systems drawdown for long periods and you need to have the right Forex education on how and why it works, so you have confidence and discipline to follow the signals exactly.

The automated Forex Robot industry has a bad name and that's due to the myth that simulated profits, you see on the made up track records, will repeat in real life and of course they don't.

The good news is there are some automated Forex trading systems with real track records which can and do produce big long term gains.

Pick the right one, appreciate you have to judge long term and ride out short term periods of losses and you will enjoy currency trading success.