Your Questions About Forex Robot Trading

Donald asks…

Can a complete beginner use a forex robot?

I have heard of currency trading. A set up a demop account a couple years ago. Of course it was a bunch of gibberish. I didn’t understand anything. But f course I am looking into a way I can be a at home Mom. I would be willing to learn about trading. But some of these robots make it sound like anybody can make money. If that were true, woudn’t everybody be rich? I have heard a lot of good things about FAP Turbo and Forex mega droid. I have also heard that these robots only work if you have been trading for years.
I have tried cash crate, surveys, reading emails, and a bunch other stuff. I don’t like it.

kenspong answers:

It is impossible for robots to consistently make money over the long term, if they could we would fire all the money managers and replace them with robots.

In the real world it takes a lot of education, Research and experience to consistently make money in the forex market.

Carol asks…

Questions on Forex and Pennystocks?

How do penny stocks play into forex trading? Also, does anyone have any experience with, or tried the A.I. Forex Robot?

kenspong answers:

Careful treading!

Read a lot and if you get all roses, sunshine and piles of cash then run because your not getting the reality. You can find information on both at http://www.thepennystockblog.com some articles that keep your feet on the ground trading checklists and such. In these markets you really have to watch out there is big money in charge and you’ll be a pawn. You can make money but you need to understand the game.

Daniel asks…

Does anyone know about some of the Forex robots and if any are worth using to trade currencies?

Has anyone had experience using the Forex robots that are available and are there any you would recommend? How successful have they been from a return standpoint?

kenspong answers:

The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.

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.

Steven asks…

Has anyone used www.trade-forex-now.com?

I was searching a blog and someone told me to use a robot from www.trade-forex-now.com because the robot trades and tracks your trades for you. I know this might sound stupid for asking but has anyone tried this? please let me know before I buy it an get dooped thanks.

kenspong answers:

There is NO forex signal company that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich. Here is a good read about forex signal company: http://www.forex.labuan.net/forex-signal.html

A Forex trader needs to learn and master the necessary skills to be successful in forex trading.

William asks…

Have you ever traded the faptubo robot on a real money forex account?….?

If so, you’re the only person I wanna hear from! Does it really double your cash every month & win 95% of it’s live trades? Donka

kenspong answers:

Hi Hubble,

To tell you the truth, I have done it for more than 5 months and on average, it has not exactly doubled my cash every month and has not won 95% of its live trades. But it has been close to that and it’s as good as it gets (before that, I tried other robots). Anyway, they have money back guaranteed so you have basically a 60 day free trial period to get to know it.

All the best to your trading!

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