Forex Robots - Why Don t Banks and Professional Traders Use Them?

The answer is they simply don't work and never make the gains they claim for users instead, they wipe out users equity quickly and the reason why is enclosed in this article.

All the Forex Robots you see online are sold cheaply, for about a hundred dollars and they present track records that would make the true super traders envious. Not only do these cheap software packages claim to make more money than the world's top traders but they do it with minimal downside volatility.

So why haven't all the top investment houses and banks, sacked there dealing teams and replaced them with a hundred dollar piece of software not only would they save hundreds of millions of dollars ,they would have better performance as well!

This haven't happened, because they work and the track records they produce are never backed up by an audit from an independent third party. You get back tests on paper but making money knowing all the closing prices, proves nothing. Anyone can make money if they know the price in advance but that's not the real world of trading. You get some vendors which put out real figures but where is the check from a neutral party? Why do you see lot's of traders in forums saying they never made the same gains?

These which promise easy money, for a hundred dollars outlay simply fail to deliver and you would never see a serious investor bank or investment house use one or sack any of their highly paid dealers and replace them, with a cheap bit of software for this reason.

Of course you can learn to trade Forex yourself and make some great gains and in return for some effort and accepting the known fact that, you need to have confidence in what your doing and learn skills you can enjoy Forex success and make a lot more money than any Forex Robot.

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