Volatility Factor

Friday, March 23, 2012

Automated Trading Robots

An Article On Forex Robots - How To Spot And Select The Best
 
With one third of all currency traders relying in part or in full on forex robots, there are now more on the market than ever and they all claim to turn you into a wealthy person overnight it seems if you just got by their sales letters. Because of this and after testing dozens of forex robots myself, I've found the following tips essential for cutting through the bull and hype and selecting the best to meet your needs.


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First, consider focusing your attention on forex robots with full money back guarantees on them. This enables you to test the program first hand while at the same time ensuring that you're not dealing with an illegitimate publisher or anyone trying to push a scam he product. Testing the program is as simple as getting it, then opening it up within the safe confines of a free practice account which can get from any online broker at no charge. Then you can simply have the program run on its own and trade on its own freely in the practice account said the you can make a note of its gains and losses accordingly.

Next, I found considerable success in always sending publishers who work on forex robots test e-mails. If the publisher has no phone support, you might consider doing this to gauge their response time accordingly. It's very simple, if the publisher doesn't value your opinion of them, they don't deserve your business. So simply send the publisher an e-mail and which you express interest in their program, and gauge their response time.


Finally, you can and should consult user review sites to learn things on forex robots which other users have found in their experiences firsthand what the program. If the program is worth its purchase price, you can bet there will be some considerable feedback on out there.


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