Forex Robots - Are They the Forex Solution We've Been Searching For?
I am currently testing the world's top commercial forex robots on live, real money trading accounts. See how they're performing by visiting www.Forex-Robot-Examiner.com
Forex robots are the latest development in forex trading. It seems traders not only want to get rich quick, but they want to get rich the easiest way possible. That is, they would rather have someone, or something, do the trading for them.
Marketers are taking full advantage of this "wishful thinking" by offering a multitude of commercial Expert Advisors (EA's) that promise 1000% returns in just a few short months. Yeah, right!Reality Check It all sounds too good to be true, and guess what? It is. Let's put some logic into this scenario. If these commercial EA's do exactly what marketers say, then why are they selling them in the first place? Wouldn't they rather be raking in millions of dollars because their robot is so good? Why do they need to sell them? Don't get me wrong. I'm not against trading software that automatically executes your trading rules for you. I'm just very suspicious of commercial EA's that are for sale. I'm sure there are really good EA's out there that actually make consistent returns. You just won't hear about them because their developers aren't interested in selling them. They're too busy enjoying the automatic cash flow machine they created. Are We Left Out In The Cold? Not quite. I'm sure a few EA developers have created decent forex robots for sale. Rather than being motivated by profit, they may be doing it for the fame, or they simply wish to share their good fortune with others. Whatever the reason, they've developed commercial EA's that do provide consistent returns.
Our job is to figure out which commercial EA's on the market today are these hidden gems. Considering all the junk EA's out there, this task is comparable to finding a needle in a haystack. How to Find a Good Commercial EA The only way to find a good commercial EA that's worth its weight in gold is to forward test it on a live account. Demo testing is misleading. Backtesting is misleading. Live testing is the only real test. As you may guess, this testing process on live accounts could get costly. So here are two suggestions: 1. Live test commercial forex robots on micro trading accounts only. This way, you're risking only pennies rather than dollars. 2. Check out my other website at www.Forex-Robot-Examiner.com where I post results of my own live tests of popular trading robots. I risk my own money to test these robots, so you won't have to.
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