Is there such a thing as a no loss Forex robot? Many Forex robot sellers would have you believe that their automatic Forex trading system can look into the future and avoid all losing trades, but the truth is that it's impossible to build a system that will never lose. In fact, you don't need a no loss Forex robot to make money in Forex trading. Believe it or not, there are many profitable Forex trading systems that suffer losses up to 50% and even 90% of the time! By the end of this article, you'll know why you don't need a no loss Forex robot to be wildly profitable in the Forex markets.
The myth of a no loss Forex robot has been conveniently propagated by Forex robot sellers for years to sell more systems. It's such a big selling point because let's be honest, we don't like to lose! Forex robot sellers know that, and so they try to design their automatic Forex trading systems in such a way that they appear to be the real deal... until it's too late.
If you're thinking, "But Thad, I've seen their live trading account records and it's had no losses in the last 3 months!" You're right, they haven't had a loss yet, but if you look at their profits per trade, chances are that they're only bringing in 3-5 pips in profit, and at the same time risking a 200-500 pip loss because the system uses a wide stop. These automatic Forex trading systems can go for weeks and even months without a loss, but when it comes, you'll lose all your profits and may even blow up your account!
When the whole world seems like it's going crazy, then it's often time to change your assumptions. In this mad world of automatic Forex trading systems, most people don't want to lose... and lose big as a result. But do you really need to have a no loss Forex robot to make lots of money trading Forex? Well, no, of course not! In fact, you can have a system that makes losing trades 50% of the time and still make money. Wait, let me take that one step further. You can have a system that makes losing trades 90% of the time and still make money.
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