Forex Expert Advisors – the Vast Majority Lose a Checklist to Find a Winner
There are lots of Forex Expert Advisors to choose from and the fact is almost all lose money and only a few win. Simply follow the enclosed checklist and you can find the minority that win…
Anyone can call themselves a Forex Expert but most are not.
To be an expert in any field, you need to be successful and a look at most of the track records presented by Forex Expert Advisors and you will see they DON’T have a track record of real gains, so first point is
1. Check the Track Record Is Real and Not Made Up
You want real gains and you want them audited by an outside source.
Most Forex robots present back tested, paper simulations, done in hindsight or simply ask you take their word for the real gains they claim they make. If it’s a reputable Forex trading vendor, they will get an audit from an outside source.
Real gains are all that matter and 95% of robots don’t have them.
2. Check the Trading Frequency
Most Forex Robots are based around short term trading i.e. Forex scalping or day trading and they never work! All volatility in short term time frames is random and you can’t win – period.
The system should either be based on swing trading or long term Forex trend following.
3. Check the Developer
Most of the sales copy claims the system has been developed by an ex banker or whiz kid, the reality in most instances is it’s been developed by a marketing company and the developer is a simply a made up person. Verify the person selling the system and make sure they are a real live person and a trader.
4. Technical Support and Speed of Support
Most system vendors will claim they give prompt unlimited support and most don’t!
Try them out before you buy. Ask them some questions about the system and wait to see how long it is before you get an answer. You should, (if the company is a good one) get a response in 24 hours or less, if you don’t simply don’t bother with the system.
There are numerous Forex Expert Advisors but look beyond the sales copy. They all claim they can lead you to currency trading success and most don’t. Ask the questions above, take your time in choosing a system and you can find one of the minority of systems which can make you long term profits.
Related posts:
- Forex Expert Advisors – Why the Vast Majority Will Wipe Out Your Account Quickly!
- Forex Expert Advisors – Why Traders Lose With Them
- Forex Expert Advisors – 4 Simple Tips for Finding the Best
- Forex Expert Advisors – are not Experts and Lose Money Quickly Here’s Why
- Forex Expert Advisors – Automated Systems Generally Lose Money Here’s Why