Strategy is a very important element of online Forex trading but not just having a strategy, it's about having enough strategies and being able to adapt properly with the market. This is why a lot of people fail without popular EAs, because the forex outbreak EA is usually a well experienced trader and your common trader can't provide himself with forex outbreak signals even half as good and a lot less consistently. The well known forex outbreak EAs are usually like 15 year traders and so forth who studied the market like a school subject and make extra money on the side by selling there signals too you, or software which grants them. A lot of forex outbreak EAs today simply don't have that sort strategy or ability to adapt with the market… Thus not making them scams, but just not prepared for the long haul in general. I have a lot of experience with failed systems and systems that worked for just a little while.
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