The world of Forex Trading software is one about which big claims are made but most of the forex robots and automated forex trading programs you see are junk lets find the ones that really make money.

Lets Start With a Fact

Most forex trading software sold online doesn't work.

This covers the vast amount of forex robots and automated forex trading systems. They never come with real track records, just back tested ones, showing what they could have done. If I did that knowing the closing prices, I would be a billionaire but hey, we don't have that advantage in real time and that's the challenge of forex trading.

Ignore any forex trading system which comes with a back tested simulated track record. You don't get given an easy way to a regular income, for the price of a good night out.

Real Track Records

If you want good forex trading software you can find it and many systems do come with real track records. There not cheap, but in most instances but they will pay for themselves many times over.

Just make sure you agree with the logic and understand it will have losing periods and you need to judge it over the long term.

A Free Forex Robot for Big Gains

There is a great one which is free, simple to understand and has made millions.

Its called the 4 Week Rule and its from trading legend Richard Donchian. We have written about this robot in other articles, simply look them up. It really is one of the best, its very simple, takes 15 minutes a day to operate and has been used by savvy traders for over 25 years and its piled up millions.

Build Your Own

It many sound daunting - but its not.

You can build one in a few weeks. We think that a long term trend following system is ideal, based around support and resistance, trading breakouts, with a few momentum indicators to confirm the trades.

A Startling Fact

Today, the buzz words in forex trading software, refer to complex methodologies, such as - Chaos theory, artificial intelligence, neural networks etc and there complexity makes traders feel safe - but they don't help you win.

Think about it.

50 years ago 95% of traders lost and the ratio is still the same today, despite all the advances in software and theories in the period.

The obvious conclusion from this is - simple systems work best! The reason for this is - they are more robust in the brutal ever changing world of forex and a complex one has to many elements to break.

So get a simple system, you can understand, have confidence in and have the discipline to execute the trading signals, with discipline and you can get on the road to currency trading success, in just 30 minutes a day. NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE

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