Is It Time To Get Forex Really Automated?
Well, no-one can really answer that question FOR you, but let’s look at the situation objectively.
It’s probably been about 2 or 3 years now since automated FX trading became a staple in the retail Forex industry. When it came to SELLING FX products, prior to the advent of the EA and automated bots, it was REALLY a niche market because you had to actually be a trader (and a good one too) in order to come up with a marketable system.
That’s where a lot of the big names in the business got their start. They were good traders first and they were marketers second. We learned to trust those guys because they genuinely knew what they were talking about.
FX – Chicken or Egg?
Somewhere around 2008, we started dealing with a “chicken or egg” syndrome in FX. Was it that Internet marketing had suddenly exploded or was it the EA that allowed so many marketers to invade the FX niche and contaminate the business?
I guess we’ll never know, but the fact that you didn’t really have to know how to trade (because you could easily outsource development of an EA and then just blitz a gargantuan campaign) and walk away with a ton of money in a few days is what probably attracted the riff-raff to Forex.
If you know anything about computer programming, you know that EAs are pretty much a bunch of “if, then, else” statements. If “A” happens, then do “B” else perform action “C” (rigid RULES that cannot ADAPT to new market behavior… something the guys at Leo Trader Pro talk about a lot on their website).
They’re based on the past and programmed for situations that are really unlikely to ever occur again.
Admittedly, we’ve all been so in love with the fact that we could make money on autopilot that none of us really wanted to poke a hole in the theory until our accounts were history.
It was the “Dream trader” – no intervention, complete autopilot, set and forget…
But, you know the old adage “When it looks too good to be true, it probably is”.
Conventional rule based EAs have really only been a warm up and, in my opinion, we probably wouldn’t have been able to get to products like Leo Trader Pro without having first gone through all the other junk that’s available right now.
It’s sort of like “You have to go through the darkness to find the light”. Leo Trader Pro is probably the first REAL automated FX bot ever. None of them could “think” until now. This is the first time an FX bot has been based on a Neural Net, so it’s the first intelligent FX robot that we’ve ever seen.
Don’t Hold Off On Automation Any Longer
If you, like me, have been holding off on going automated because you knew, deep down, that we weren’t quite there yet… I’ve got news for you.
The future kind of creeps up on you sometimes, doesn’t it?
Go have a look at Leo Trader Pro.
By the way… these guys are the first to provide investor password access to their account ON their website (you can log in to their account, see the real trades in it, see its REAL performance… and only then buy it if you want!)
The days of buying an FX robot without getting the investor password first and being able to access the traded account to validate the vendor’s claims are OVER!