If you are new to fx trading or even if you have been trading fx, you must have been tempted by the allure of the automated fx trading software known as an Expert Advisor or a Forex Robot by the marketers. In the last two years, the market has been flooded with a new forex robots. Almost every week, a new fx robot is being launched with tall claims by the marketers.
You will be told that trading with a forex robot is very easy. You only need to install the robot on your MT4 chart and viola, it will start trading frentically for you even making money for you while you sleep. Nothing can be further from the truth. Most people who try a fx robot never get any good results. Most even lose their money while trading with a robot.
Why? The reason is very simple. If you think that without knowing anything about the forex market and forex trading, you will be able to make money using a fx robot, you are sadly mistaken. Without learning forex trading and how the forex market works, you will never be able to get any result from any fx robot. Most of the fx robot developers spend years learning MQL4 and programming these robots making them work under live market conditions. So you can well imagine how much hard work goes in making a robot work.
Meet James Lampert who stunned the fx trading community with videos of his trading account showing how be build a $34 million fx business from scratch using very simple forex methods. In his FREE forex trading videos he explains his x methods in step by step detail.
There are a multitude of forex robots to chose from
The most amazing thing is that no EA or forex robot is used by James Lampert. Now, I don’t think that any forex robot developer has yet made a claim that his or her forex robot has made $34 million. What you need to do is watch these forex trading videos by James Lampert. He explains everything.
The methods used by him are simple indeed. Support and Resistance! Buy at the support and sell at the resistance. Trend trading! Trends are where fortunes are made. If you can master trend trading, you are on your way to making a fortune trading. It is as simple as that.
Combination of simple forex indicators with a human mind is 100X more powerful than any forex robot. The good thing is that if you can master these simple forex methods, you don’t need more than 15 minutes each day to trade forex.