Can Forex Trading Make You or Break You?

are thousands of Robots in the Market. Every week we see at least 2 to 3 new Robots coming out and promising of making Vast sums of money for us. All we need to do is buy it for $97. 00 and make Millions..

These Robots do make money initially for a few days or weeks and then comes a time when the market never retraces once we are losing and the losses keep increasing with time.

Most of the Robots do not have a Stop Loss built in and those that do, have stops of 1000 pips. That means if the trade goes against you, your account will either get wiped out or you will lose $10, 000. 00 in just one day.

This happened to me personally. During my early days of trading I purchased a Robot that was making me $200. 00 about 3 to 5 times a day. I started trusting that Robot and stopped monitoring the trades. I went out one day to do some shopping and when I returned I noticed that I am losing more than $8000. 00

And this was my Live Account with Real Money.

Since that day I never took Automatic trading seriously.

I did purchase a few Robots and put them to Test by Demo Trading and found that eventually one day it takes off you more than what it gave you.

Sorry Robots are not for me.

These are the pros a cons and now you have to decide, would you like to become a forex Trader?

A word of Warning:

If you do decide to become a forex Trader, first Demo Trade for at least 2 months with fictitious money and only then open a live account with real money that you can afford to lose. Never use the money that you have saved for your retirement or for any other purpose.

Wish you best of Luck,

Maria

Forex Trading System with the ADX Indicator