Forex Robots -- Forex is a Gamble, Are Robots Too?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 15, 2010 -- VJ Thomas chuckles to himself when asked about automated forex trading tools for the New Year. "The trouble with these tools," Thomas says, "is that they generally only work on backtests. Backtests don't prove anything."

When pressed, Thomas reveals what he believes is the only way of proving forex trading tools work. "Real trading proof is the only way you can prove an automated Forex trader works. Anyone can show a profit with backtests alone."

What does Thomas think are the biggest mistakes made by novice traders? "Relying on backtests is a mistake." he says quickly, "Software is only as good as real-life testing shows. If a Forex robot vendor cannot provide real, verifiable trades to backup their claims, then they cannot be trusted."

Our interview concluded with some strongly-worded advice from Thomas... "In the New Year, if you choose an automated Forex robot for your trading needs, choose one with real proof. Give the backtest-only ones a wide-berth. The industry is flooded with systems that only have backtest proof, so do your due diligence before parting with any cash."

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