Forex robot scams encompass Expert Advisors (also famously known as EAs) & other automated trading systems.

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What is a forex robot?

In the forex world, a “robot” is a program that strictly uses technical signals to enter into trades và lets the human sleep in a hammock on a beach while he “makes” money.

With a push of a button, the forex robot runs continuously, making trades signaled by mathematical algorithms applied lớn past price history.

In other words, they run automated mechanical systems, whether or not the user is in front of the computer or not.

The problem is that forex robots and their pre-wired thinking vày not compensate for ever-changing market conditions.

Market behavior is dynamic, constantly moving in an infinite variation of three movements: up, down, or sideways.

Most robots are not programmed for all environments, or lớn recognize a change in the trading environment. As a result, losses occur and they can be huge if not closely watched or managed.

Now, the scam isn’t the forex robot itself but how they are marketed. Scammers will often try to lớn sell these robots & automated systems as the “holy grail” of trading, promising you’ll retire sometime next week.

And they sell them at “human affordable” prices ranging from $20 to $5000.

OMG!! Only $20?? For the chance to make ridiculous money??? That sounds lượt thích a bargain!

All right, stop. Collaborate and listen.

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If the creator is making big bucks with the system, why would he/she try lớn sell it và share the profit?

And why for only $20?! You can barely get a decent meal at Chick-fil-A for you và your sweetums with $20!

The only real profit for these fraudulent people is the revenue generated from the sales of their forex “R2-D2s.”

The scammer will try khổng lồ entice you with historical data and back-testing logs.


It’s back-tested!! It must work!!! and it’s only $20!! That’s less than a PS4 game!

All right, stop. Collaborate and listen. Again.

Sure, it might look highly profitable. However, in the forex market, there is no such thing as a consistent market. Conditions are changing all the time. The past has little effect on the future in a changing market.

We don’t know for certain that what happened in past will happen again in the future. There are too many variables khổng lồ consider.

Plus, you don’t know if these scammers are making up the results anyways. They could just input random numbers into an excel tệp tin as most people wouldn’t bother checking if they are accurate or not.

Our advice?

Stay away from automated systems and robots until you become a master trader & programmer.

Beginners know nothing about trading or how forex markets behave, so they will not understand how the robot works, what environments they are best suited for, or how to lớn tweak & adjust the system.

It is best to actually learn how khổng lồ trade consistently before you make the decision to let a program vày it for you.

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Think about it this way: Would you give a total stranger (with no brain lớn boot!) your hard-earned money lớn invest without having a clue on what he/she was doing?

Didn’t think so!

Forex robots can be a great tool, but let’s be real -there is no perfect “one” that will work in all environments, all the time.

Shoot, even the quant funds & algorithmic traders on Wall Street can thua thảm money, & they have Ph.D. Mathematicians và financial engineers creating their programs!