Profit Guide to Forex
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What do i do to start forex systems trading?

I live in kenya and i would like to know how i can start my forex trading career and what resources, tools or learning materials i need in order to be successful in forex trading. Thanks.

Public Comments

1. I wouldn't recommend it. There are plenty of people waiting to take your money by selling you a Forex trading robot.

Robots do not take the risk out of trading for you. They take the risk out of trading for the people who sell the robots, because they have your money either way.

Many people are sold by the smoke and mirrors. If he made 89k using the robot, then I can, too. He's even offering to show his statements to the blogger to prove his profit. The "blogger" is the same person who is selling the robot, and the offer to prove the profit is convincing, yet you never actually see the proof.

More importantly, people are unaware of reversion to the mean. If you put 10 monkeys in room and have them trade Forex by attaching bananas to buttons that execute trades, some of the monkeys will make money and some will lose money, and it will all be random. Don't pay for the winning monkey's trading advice. In a bull market, even a monkey makes money. That doesn't take the risk out of trading.

It that isn't enough, if some guy really made $89k trading forex with his robot, and he thinks the robot can repeat the performance while taking a lot of risk out of the trades, why in the world is he in the software business instead of in the trading business? If he really had a robot that was that good, he would be hiring security guards to keep you out, and he would be making more and more money.

But he didn't make that much money, and his robot has not taken the risk out of trading. That's why he's decided to sell you software instead of trading himself.

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