Tuesday, March 17, 2009

Is Forex Maestro a Scam?

Last week I published a review about Forex Maestro. A few days later I received an email asking me 'Be Honest, is Forex Maestro a scam?'. Without fail every time I give a good review to a product this happens. Most traders think if it sounds too good to be true then it probably is. I really cant deny that most of the time they are absolutely right. The problem is that the forex industry is full of scam software products that don't deliver. Forex Maestro isn't one of them though, it definitely isn't a scam, read on and ill tell you why.

The first thing of note is that this package isn't designed to generate signals, its a 100% trading robot that places trades automatically. This is the main reason people are non-believers, they simply can't fathom that a software can actually work on full autopilot. It plugs directly into the MetaTrader4 trading platform and makes trades on your behalf after analyzing the forex trading market.

You must realise that the automatic trades placed arent scam or junk trades, they are calculated using highly advanced trading algorithms to give you the highest probability of success systematically. How does it work? Simple really, years and years of testing and testing occur to develop a highly successful algorithm.

This package isn't just created by someone who woke up yesterday and decided to trade the market with a robot. In reality that couldn't be further from the truth. The creators are experts, they studied and traded the market and then developed successful patterns to dominate and make themselves serious money. They then port this knowledge over to software and sell it. It's isn't free and it isn't really cheap, but it should be either, its an advanced piece of software that will pay for itself likely in the first couple of months.

Forex Maestro isn't a 100% perfect system just like no human can predict 100% successful trades. It WILL lose money sometimes however by its very structure losses are minimal while wins are ideally very large. Consistency is key here and while it wont earn you million dollars over night it can set you well on your way to being successful in the forex market.

So, is Forex Maestro a scam, I don't think so. But, don't take my word for it and check out some completely unbiased Forex Maestro review, all you have to do is clear here

Article Source: http://EzineArticles.com/?expert=David_McGowan

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