What Is Forex MegaDroid?

By in Intro to Forex on December 2, 2019

And thus you have definitely heard about that amazing and great scalping forex trading robot that is actually called Forex Megadroid which is really promising around ninety five per cent winning ratio in any market conditions. Besides, we have all heard those huge claims before. However, nearly all of them definitely prove to be false. Thus is this kind of trading system some scam or does it really deliver on those great promises? For sure, due to our article, you are going to find out whether or not it is recommended for you to purchase this trading robot.

Without any doubt, Forex MegaDroid and also every other type of so called highly profitable systems certainly falls into that category of scalping forex trading robots that aim to pick up only three or four pips every single time it trades.

In fact, there is a particular danger of those hyped up promises which this Forex MegaDroid obviously offers. However, this is only theoretical after all. Of course, the most vital and essential measure is how exactly it really performs in practice, thus despite my personal recommendations, I went ahead and purchased this kind of trading robot to certify whether it really delivers on all these huge promises or not. Well, over a two months period it definitely managed to do all twenty trades and all was winning ones. It is great, but in terms of quadrupling my capital, at the rate that it was going, it would obviously have to be very long time before this really happened.

But then this type of trading robot certainly took a trade in the Euro and Dollar currency pair which actually went the other way nearly instantly. For sure, each following day that I had to wake up to the actual loss bigger and bigger, till it finally hit the stop three hundred pips away. And so there is no need to say, but it certainly wiped out every small gain that it had been collecting up to this point. Besides, it also ate into a big chunk my demo capital. Moreover, you need to forget about your money back guarantee, because I was stupid enough to trade this kind of trading robot on my real funds. Thus I would possibly have halved instead of quadrupled my investment.

In addition, I also requested a refund on the spot. That’s why I personally caution you and every other person from stepping near this kind of trading robot with the ten foot pole. And so this Forex MegaDroid may certainly not be some scam in that it really does make some good profits sometimes. However, it is better for you to pray that your personal trading account not to be doomed.

There are two ways you can earn on Forex market.

You can study the basics of currency exchange trading with the help of a nice forex book and do the forex trading yourself.

Alternatively, you can hire experienced traders to manage the money on your trading account and they will trade for you. Read more about forex investment.

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