Most new traders want to use Forex trading software to help them enjoy currency trading success and there are a lot of Forex robots and expert advisors which claim they can predict the future but which ones work? Let's find out.
The sales copy of the Forex Expert Advisors says, that they use sophisticated mathematical algorithms to detect price changes in advance and this will lead you to a regular income - but predicting where prices will go in advance is impossible!
Why?
Because markets don't move to mathematics; when trading a market such as Forex you are trading probabilities not certainties and in Forex trading, you should trade the reality of price change which will enable you to get the odds on your side and win. Consider this fact:
In the past 50 years the ratio of winners to losers has remained the same.
This is despite all the advances in forecasting methods and technology which allows complex mathematics to be applied to Forex trading systems. Despite these advances, the number of winners hasn't increased which proves the point that applying complex theories is futile.
The Forex Expert Advisors who claim they can predict the future are as accurate as your horoscope. None of these advisors ever produce a track record of real gains, to support the calims made in the sales copy. All you get are back tests or unverified figures from the vendor.
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