- PPF Points
- 10,072
Forex trading robots have become a popular tool in the personal forex market. Theyâre often attractively priced and are marketed as âExpert Advisorsâ that can operate on many of the favoured trading platforms. However, an increasing number of traders have been left disappointed with the purchase of their automated forex trading program that ends up performing well below expectations, which leaves them feeling cheated and even results in claims of fraud.
Sold on profits
Anybody with a product to sell will focus on the productâs most attractive features to get you to buy it, and that is especially true about automated trading products. Often, theyâre presented as offering the path to financial freedom and being easy to use; claims that are backed up by historical trading profits and glowing testimonials from seemingly satisfied users. In reality, the evidence of their success is just a small sample of trading when the software enjoyed a profitable spell and leaves out the less impressive other periods which more accurately reflect its true capabilities and how it performs for most of the traders who buy it.
The disclaimer makes it alright
Every forex trading robot is sold with a disclaimer (sometimes well hidden) that denies any responsibility for how it will perform in the future. The words may be different each time, but the message always amounts to the same thing: thereâs no guarantee this software will trade profitably based on its historical performance and is there to protect the vendor from potential fraud claims.
Get a refund but not your money back
In an effort to placate customers who were unhappy with their trading robot purchase, many vendors would simply offer a refund. But while the purchase price of the forex trading software would eventually end up back in their bank account, the money they lost using it was gone.
Trawl through any online trading forum and it wonât be long before you come across a thread full of unhappy traders who feel theyâve been misled by false advertising about forex trading robots that fail to deliver profits.
Traders who purchased the forex trading software through Clickbank tend to have an easier time getting a refund. Legitimate claims made by the purchaser within the 60-day / eight-week period are usually dealt with quickly and efficiently.
While it is not recommended that traders purchase a forex trading robot, if you do so, make the purchase using Clickbank and thoroughly test the software during the risk-free trial period to minimise the financial impact if the trading results prove to be disappointing.
Too good to be true
The saying goes: if itâs too good to be true, it probably isnât. Genuine innovation has made our lives easier and better, but if trading software was capable of delivering the results vendors claim it can â and for such a small investment â why do banks continue to pay their forex traders six figure salaries?
The simple truth is that it isnât possible for trading software to deliver positive results on a consistent basis. Successful forex trading can be learned and is highly profitable, but it requires skills and judgement that simply canât be replicated by software.
Sold on profits
Anybody with a product to sell will focus on the productâs most attractive features to get you to buy it, and that is especially true about automated trading products. Often, theyâre presented as offering the path to financial freedom and being easy to use; claims that are backed up by historical trading profits and glowing testimonials from seemingly satisfied users. In reality, the evidence of their success is just a small sample of trading when the software enjoyed a profitable spell and leaves out the less impressive other periods which more accurately reflect its true capabilities and how it performs for most of the traders who buy it.
The disclaimer makes it alright
Every forex trading robot is sold with a disclaimer (sometimes well hidden) that denies any responsibility for how it will perform in the future. The words may be different each time, but the message always amounts to the same thing: thereâs no guarantee this software will trade profitably based on its historical performance and is there to protect the vendor from potential fraud claims.
Get a refund but not your money back
In an effort to placate customers who were unhappy with their trading robot purchase, many vendors would simply offer a refund. But while the purchase price of the forex trading software would eventually end up back in their bank account, the money they lost using it was gone.
Trawl through any online trading forum and it wonât be long before you come across a thread full of unhappy traders who feel theyâve been misled by false advertising about forex trading robots that fail to deliver profits.
Traders who purchased the forex trading software through Clickbank tend to have an easier time getting a refund. Legitimate claims made by the purchaser within the 60-day / eight-week period are usually dealt with quickly and efficiently.
While it is not recommended that traders purchase a forex trading robot, if you do so, make the purchase using Clickbank and thoroughly test the software during the risk-free trial period to minimise the financial impact if the trading results prove to be disappointing.
Too good to be true
The saying goes: if itâs too good to be true, it probably isnât. Genuine innovation has made our lives easier and better, but if trading software was capable of delivering the results vendors claim it can â and for such a small investment â why do banks continue to pay their forex traders six figure salaries?
The simple truth is that it isnât possible for trading software to deliver positive results on a consistent basis. Successful forex trading can be learned and is highly profitable, but it requires skills and judgement that simply canât be replicated by software.