Forex Robot Review 2020 On the subject of investing, there are limitless methods to rip-off a dealer. Many agents control to break out with their fraudulent activities for a time period. Then they may be both ‘stuck’ by means of a regulatory organization or they reach absconding with their customers’ funds, never to be seen again. In this review we explain why you should not buy any trading robot from Forex Robot Trader. It is presented by Don Steinitz. The FRT website is selling Forex robots. It claims that all robots are profitable. Each robot is allegedly making tens of thousands of dollars per month, meanwhile all robots together make tens of thousands of pips per month. If a forex robot has a profit factor less than 1, eg profit factor of 0.7, this means that for every $1 you can expect $0.70 back (the forex robot is a losing one!). If a forex robot has a high profit factor, it is a good one – eg profit factor of 6.0 ($6 gained for every $1 risked). A forex robot (aka "expert advisor") is software that trades a strategy for you. They run inside your forex terminal and can be attached to any currency you choose. Using advanced calculations they open and manage forex trades for you according to a specific strategy. Every EA is different. Use more than one at the same time for best results. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.
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