Take one look at the Forex automated trading industry, and you will find hundreds of thousands of forex robot traders falling over themselves to double your account overnight, give you a 90% chance of having winning trades, and dazzle you with trades in and out every couple of minutes. If you're like me, you know deep down inside that there's something wrong with that story, and by the end of this article, you'll know exactly what it is.
If there's only one thing that you get out of this article, let it be this. In Forex automatic trading, just as in any form of investment or speculation, high rewards are often accompanied by extremely high risks. I do not say that to scare you, but it's true, and it's very scary indeed. With that in mind, I want to conceal the hidden risks that come with the major of Forex robot traders out there:
1. Rapid Doubling Or Tripling Of Your Account
You might be surprised when I tell you that most people are able to double or triple their money with Forex expert advisors. It can happen overnight, or in a few days, or in a few weeks. So the reality is, your Forex robot trader developer is not strictly dishonest with you.
Here's the catch though: you're just as likely to completely and utterly wipe out your trading account as you are to double it. As I mentioned before, high risk follows high rewards, and any Forex robot trader that trades with a big enough leverage and position size to grow your capital that quickly has the…