Let me summarise Forex all Forex Reviews for you: Fake. What Im referring to is the so called reviews of automated forex trading systems. There are hundreds, and thousands of automated forex trading systems available online from $50 to $5000. If you happen to stumble across a review of one of these systems, I recommend you ignore it, and instead develop your own system.

Firstly, let me introduce you to the term affiliate marketing. I can guarantee that 99% 100% of these reviewers will get a commission from selling you the product. You can tell by the URL they direct you to click on. Lets take a look at an example: forex-megadroid.com. This is a website that sells an automated forex trading systems. I have tried out their robot, and I can tell you first hand that it doesnt work as they claim. When people tell you how great this product is, take a look at the link they send you to. It will not be forex-megadroid.com. If it doesnt look like the original URL, and only the original URL, it is an affiliate link. The reviewer will get up to 75% commission to tell you the product. Thats the only reason they promote the robot so heavily. Because they get a sizeable chunk of the profits made on the sale.

Secondly, and this should be most obvious, if the robot is as good as the marketers say, why are they selling it? If I had an algorithm that made me 500% profits guaranteed within a few months, I definitely would not sell my secrets to the world. Id keep it for myself. Id also keep the millions of dollars I make for myself. So the fact that these automated robots are on sale at all, for a few hundred dollars should raise some serious questions.

Forex trading, just like stock trading is a journey. It is a long road of constant learning. Why? Because markets change. A system you develop for todays market will be totally different to a system you develop in 10 years time. The market would have changed since then. Do not search for a holy grail strategy that will make you millions today, and forever. This doesnt exist. Trading systems are only a third of the overall strategy. The other third is risk management, and the remaining third is discipline.

If you invest in your knowledge today, it will pay off in the long term. When your strategy changes from a profit making strategy, to a loss making strategy, you will know why. You will have developed the discipline to keep your losses small. You will also know how to develop another strategy to meet the changing market conditions. The knowledge gained over years of trading will help you adapt your trading system.

Dont look for a get rich scheme now, because they all eventually fail. Invest in your learning, and knowledge, and it will pay off in the long term.