There are a lot of forex robots and expert advisors being sold right now in the market, however very few of them have gotten as much attention in the forex community as forex tracer has. I’m sure you have heard some good things and some bad things about it. Which is the truth? Well, lets dig deeper into this.
Forex Tracer claims that it made $335,000 in profits, from a $25,000 account. Do I think that this is true? Frankly, no I don’t. Some of the greatest traders in the world can’t get that kind of rate of return. So if you think you can make that kind of money trading forex tracer, I suggest you come back down to earth, because it’s just not going to happen.
That being said, can a trader make money with Forex Tracer? Absolutely!
Is it 100% fool proof? Absolutely not!
You will have losses trading Forex tracer. You might even have the occasional losing month with forex tracer.
Does this mean it doesn’t work? Of course not! It just means that trading forex is not easy and you have to be realistic. Forex isn’t some lottery that you could be a millionaire instantaneous. This is investing. You want your money to grow steadily and consistently.
Forex tracer does a good job. Many people that have used it have commented on making a steady 5-10% a month. This may not seem like much after you were expecting to make $335,000 from $25,000. But believe me, that 5-10% a year is a lot better than most forex traders do.
A note, though about forex tracer. You will have to tweak the settings a little bit. I don’t recommend just trading it out of the box. You will have to tweak the money management aspect of the system, so it’s most suitable for you, and to give you the highest rate of return that’s possible.
As always, you have to demo forex robots. It’s never recommended that you trade with live money until you have gotten used to how the expert advisor trades.