Why is my question about forex robots deleted?
Thursday, December 19, 2013
, Posted by Ryanita at 3:00 AM
Johnnyboy
Is it not allowed to ask about forex robot? I'm not sure I asked twice and I really needed answer but they got deleted just after I submitted the question? Nothing like that is mentioned in community guidelines though??? WHY? WHY? WHY?
Answer
I'm not sure why your question was deleted, but can offer some insight as to why it wasn't answered.
It's sort of an offensive question that makes an offensive statement. It presumes there are robots out there that consistently make money, while the truth is that most of them don't stick around long enough for a decent track record.
It is offensive because it plays into the get-rich-quick-schemes that dupe newbies into trying something they know nothing about in hopes of becoming rich.
It is offensive because robots are curve-fitted to historical data and back-tested to fit past data, like that means something significant, but a newbie has no idea they are being duped.
Because of the high leverage of forex, any small success can show huge profits, further duping the newbie to try it, while the newbie has no idea that high leverage is the main killer of newbies in forex. Again, the forex robot pushers portray something that is the exact opposite of what is.
It is offensive because newbies have no idea that forex is one of the most difficult markets to trade, that requires the most extensive knowledge and experience, yet is portrayed as simple with a robot.
It is offensive because trading, in general, takes years to learn, regardless of the market (but longer in an advanced market like forex), and a robot promises instant riches without any knowledge or experience.
It's offensive because, in a nutshell, it's a sucker's bet.
Nobody answered your questions because there's no way to answer without negative connotation, and nobody wants to be the bearer of bad news; we sometimes get shot at for trying to reveal something remotely resembling the truth, rather than playing along with a feel-good fantasy.
There are short-time robots, but not many that last. Why would you sell something that makes a lot of money?
I'm not sure why your question was deleted, but can offer some insight as to why it wasn't answered.
It's sort of an offensive question that makes an offensive statement. It presumes there are robots out there that consistently make money, while the truth is that most of them don't stick around long enough for a decent track record.
It is offensive because it plays into the get-rich-quick-schemes that dupe newbies into trying something they know nothing about in hopes of becoming rich.
It is offensive because robots are curve-fitted to historical data and back-tested to fit past data, like that means something significant, but a newbie has no idea they are being duped.
Because of the high leverage of forex, any small success can show huge profits, further duping the newbie to try it, while the newbie has no idea that high leverage is the main killer of newbies in forex. Again, the forex robot pushers portray something that is the exact opposite of what is.
It is offensive because newbies have no idea that forex is one of the most difficult markets to trade, that requires the most extensive knowledge and experience, yet is portrayed as simple with a robot.
It is offensive because trading, in general, takes years to learn, regardless of the market (but longer in an advanced market like forex), and a robot promises instant riches without any knowledge or experience.
It's offensive because, in a nutshell, it's a sucker's bet.
Nobody answered your questions because there's no way to answer without negative connotation, and nobody wants to be the bearer of bad news; we sometimes get shot at for trying to reveal something remotely resembling the truth, rather than playing along with a feel-good fantasy.
There are short-time robots, but not many that last. Why would you sell something that makes a lot of money?
Does anyone know about some of the Forex robots and if any are worth using to trade currencies?
Cisco Man
Has anyone had experience using the Forex robots that are available and are there any you would recommend? How successful have they been from a return standpoint?
Answer
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
The Federal government warns there are a lot of Forex frauds out there, and these Forex robots appear to be one type of these scams. If these robots really worked, there would be scads of articles about them in the Wall Street Journal and other financial publications talking about them. When I do a web search, I can not find a single reputable news article encouraging the use of Forex robots. The link below is a Federal website warning you about Forex fraud.
There are a lot of people on the Internet claiming they have done very well using Forex robots. These appear to be of two types. One is the outright liars. You might meet a person called "Zboy227" who says "I made a lot of money using ScamRobot2000, go to their website at ScamRobot .com/Zboy227." The "/Zboy227" tells the website that Zboy227 has referred you. If you buy the product, Zboy227 gets a commission. He is only lying to you to get a commission.
There is a lot of luck in Forex. Sometimes you will run into people on the web who have tried a robot for a few days and have had some beginner's luck with it. They start bragging about how well they have done. Later, they start to lose money, but they rarely get back on the web and talk about how much money they lost. People like to brag about their successes, but rarely talk about their losses. The result is that much of the feedback about these Forex robots is positive.
I may point out that websites that sell Forex robots admit there are a lot of scams out there. Of course they claim the other guy's robot is a scam, but their robot works. If you do a web search on the words "forex robot" and "scam" you will find a lot of sites saying their competitors are scams.
I will admit I have not personally tested every robot out there, and I can not prove they are all scams. But I would be very hesitant to spend a lot of money on a robot without clear proof it really works.
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