Do automated forex trading systems work?
I'm not sure if they work, I haven't tried it myself. Some say that they work so well that if the online broker finds out that you are using one, they will close your account--no questions asked.You will find a lot of information on the internet saying that they work, but you will find that the ones claiming that they do make money are the sites that are promoting them.If you go to trading forums such as elitetrader.com, moneytec.com or trade2win.com, you will find that the more successful and consistent trader still do it the old fashioned way. They do their own analysis, and decision when to trade and when not to trade. If they do use something to automate their trading, they make sure that they are on top of the situation, and understand how that system works.If you want to try one out, be very careful. Some may say they have money back guarantee if you are not happy with their bots, but these guarantees have impossible conditions to be met before you get your money back.Hope my input helps.- Jim Syyap, Managed Forex Accountshttp://jsforex.blogspot.com
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