Dispelling the Myths About Forex Trading

Most Forex robots claim they make big Forex Resolut money and present ridiculous track records which show massive profits with little or no draw down - but where is the audited track record to back up the claims of profit? You don't get one, just meaningless back simulations which have been done knowing the closing prices. You sometimes get figures direct from the vendor selling the system which your supposed to believe with no outside check from an independent ratings company or accountant.The rules of the Turtle trading robot were devised by trading legend and multi millionaire Richard Dennis. Dennis devised the rules, to show anyone could win with the right trading system. He taught a group of people who had never traded before to use them. The group included an actor, a security guard and a female accountant to name just a few; he gave them the the rules and they made millions of dollars with them.The powerful technology of the Internet has made it possible for all kinds of people to get into the Forex trading action, which has once been the financial sport of banks and other financial institutions alone. Brokers are now using it to create their own online businesses that cater to people who need Forex services. But with Forex being integrated into the Internet, it is not immune to online scams that are out to steal money from unsuspecting traders.


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