Forex Tracer - Automatic Wealth Building Robot - An Unbiased Review

I'm currently at the Forex Tracer website prepared to take a look at what Forex Tracer says it can and cannot do.

Some of the things it mentions are easy installation, no experience needed, proven profit system, no hassle trading, no human error, works with any MT4 broker, no risk demo accounts, automated trading, no more picking losers, 60 day refund policy, start within minutes. Right off the bat for the "no more picking losers" to be completely accurate this trading system would have to produce 100% winning trades. That, of course, is highly unlikely.

In big bold letters it states that the system made $335,000 last year. As I read more of the advertisement on the website it says that the initial deposit in order to make this $335,000 was $25,000. It also shows that the EUR/USD was used in this testing.

What I find simply amazing is that the percentage of profitable trades is over 90%! What I find amazing about this is that this is highly unlikely. I'm not going to step out and say that it is absolutely impossible, but you have a better chance of hitting a winning lottery number than you would of having 90% winning trades over the long term.

I just come across a section that says click to view the full back test report so I went to take a look at that. As I start looking at the Forex Tracer back test report the report starts on June 30, 2006 and runs until May 23, 2008. What I find it interesting is the profit advertised on the first page says $335,000 last year. As a take a closer look at this the $335,000 is the actual equity the test shows rather than the amount that Forex Tracer made last year. A look at a strategy tester report will show that the beginning of this year until the end of the test on May 23, 2008 the shown a profit of Forex Tracer is more like $132,000.

You should also keep in mind that during this particular 2008 trading that the strategy tester report shows that 10 contracts had been traded. If we take that number and divided it into the $132,000 we would basically see that the system as shown with made $13,200 trading a single contract (based upon the results shown by Forex Tracer). This will give you a better idea when comparing Forex Tracer with other available Forex trading systems on the market today.

I didn't really have to delve into the Forex Tracer strategy tester report to determine the unlikelihood of the continuation of a 90% level of winning trades. This may sound super attractive and the outset but I've never spoken to a successful trader that it had a 90% level of winning trades over the long term. Remember it's over the long term that actually counts because track records showing one or two months of spectacular performance or truthfully only one or two years a spectacular performance are pretty much meaningless.

I would feel comfortable wagering anyone, anywhere, at any time that Forex Tracer will not have a long-term winning percentage of 90%.

An additional note is that Forex Tracer advertises that it was developed by Forex trading pros. I know I sound like a cynic and a skeptic but you show me a Forex trading Pro that is actually getting a 90% winning trade average and tell me why they would be selling that Forex trading system for $97. With that in mind, of course, Forex Tracer could be the greatest thing since sliced bread and two years from now when you're sipping margaritas on your own private tropical island you could call me and make me green with jealous envy. Whether or not you decide to try Forex Tracer is completely up to you. I understand that $97 may not seem like a lot to risk for the incredible results that are shown. In fact even though there is a 60 day money back guarantee getting your $97 back if you happen to lose thousands and thousands of dollars is really not that appealing. For more info on Forex Tracer click on the following link Forex Tracer