Do you think Forex trade robot is reliable ?
@wildlittlefan (4680)
Hong Kong
September 12, 2016 2:04am CST
I always see somebody online promoting those Forex robot and claimed that it will help you to make tons of money online. I have doubt about it and sometimes I feel that trading like this is not much different than gambling which I hate people to do it even I want to make money online (but not with gambling stuffs). I don't think it is a right way for investment either. I am not sure whether it is a scam or not with those robotic trading program. If you have such an experience , just share with us. 
2 responses
@LuciCJ (197)
• Cluj-Napoca, Romania
12 Sep 16
Not really. Some years ago I studied and did some online trading on the Romanian stock market. But you had to register with a real-live broker first and only then did you get access to the trading software.
And you didn't receive estimates of potential gains, only analyses of past trends and excerpts from economic magazines, based on which you could infer yourself any possible trends. Of course, this information was only provided as a courtesy and you were the sole responsible person for the trading decisions you took.
From what I saw, it takes a lot of gut feeling, aside for pure economical information, to make good trading decisions - and oftentimes you may prove wrong, as well. Theoretically if you had enough cash to influence the market in your desired direction, you could be always on the winning side - but then, you would be a Buffett or Soros, not a small private investor.
@wildlittlefan (4680)
• Hong Kong
12 Sep 16
Thank you. That means it is not for everybody then. I prefer to doing something else and make some money online will be a better choice then.
@shivamani10 (11035)
• Hyderabad, India
12 Sep 16
yes. you are right. Earning money should be through hard work. Not through luck or gambling.
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