Is Forex Maestro robot a scam? I am sure you have read or even used Forex trading robots which, according to their owners, can help you make money automatically while you sleep. This software is apparently capable of duplicating trading accounts in a matter of days and has one of the most advanced trading systems programmed. So does Forex Maestro really work that well or is it really just another useless robot?
1. The truth about automated Forex trading robots on the Internet
Having tested over 100 forex trading robots and systems, I found that many perform very poorly. Their trading systems are flawed or too risky as they do not have sufficient risk protection strategies. I know that I have lost a lot of money with some of them and therefore I am very careful when using real money with these robots now. Before you start using any Forex trading software, always make sure to test it on a demo account before allowing it to trade with your real money.
2. How much forex trading experience do you need to have before you can start using Forex Maestro?
The good news for beginners is that they can start making money with the robot as soon as they install it. All they need to learn are some basics of forex trading and they can do so by reading the manuals included with the Forex Maestro package. Users will need to be familiar with their own trading platform and should have some general knowledge of Forex trading before starting to use the robots.
3. Should you get the Forex Maestro software?
Even though I am currently in profit with this robot, you should be warned that sometimes you get your trades wrong and you will lose money some days. However, he seems to have a good long-term trend strategy that ensures that he will eventually make a profit in the long run.