Forex Expert Advisors - Why Don't Banks Or Professional Traders Use Them?

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a simple reason, there is no system that is called by Forex expert advisor who earns the long run, they all lose, because they are based on unsound logic which we will discuss in this article.


ask yourself this question - if a piece of software that costs only a hundred odd dollars, can produce benefits that are better than the world's top fund managers (who are in millions of dollars a year in salary and bonuses), why are all these fund managers were removed and replaced Expert Advisors? After all they are cheaper, produce greater gains, do not get sick and apparently can not make mistakes and even they can predict prices in advance!


Of course, no serious investment house will use them and the reason is obvious:


Despite all the claims, none of which can produce independent verification of income over the long term. You do not get the tests back, knowing all the closing details, but it's not real dollars, this is paper trading. Some Expert Advisors even produce real results, but as they sell the system, it would be comforting to have independent verification.


logic is that you can make the track record in hindsight, knowing all the closing prices and say this track record will be repeated again is ridiculous.


If we all knew tomorrow's price today, we would all be billionaires many times over, but the real challenge of Forex trading is trading without this information. It's a nice fantasy, getting a good life for the cost of dinner for two and never work again, but this is a dream, not reality.


if you want to make money in forex trading, then you will not be surprised to learn, you must make an effort and do some work! You have to learn skills that give you a trading advantage over 95% of losing traders. If you do not do the forex market with respect and get a solid Forex education, no other investment can give you that much money, compared to the effort you put in.


Anyone can learn how a successful forex trader, so I do not dream about making money, make it a reality for learning forex trading the right way.

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