How do you choose the best forex software to help you with your goal of becoming a full time, at-home, independent forex trader? There are a number of products on the market that claim to be able to help you achieve this but how to separate the good from the bad from the scams?
Follow these guidelines to aid you in selecting the best forex software.
1. Check the payment processor. First and foremost this will tell you if it is a scam. If the company that the software publisher uses to process you transaction is a reputable provider with a checkable history then you are safe in that respect. Decent processors cannot afford to have scammers use their services. Anything that is sold through Clickbank is reliable and is covered by their 8-week guarantee period.
2. Check their results. Always search out and ask for bona fide trading results from the software publisher. Account screen shots and jpegs of entry and exit points of successful trades are useful. Better still look for videos of the actual software in action preferably used with the Metatrader 4 platform in real time. Note the real time price movements as although not impossible will be difficult to fake.
3. Check out user comments. As well as the testimonials on the products sales page also check out user feedback from independent sources.
4. Check out the price. With so much competition in this market recently the price of forex trading software has been driven down. It is still possible to pay thousands of dollars for a program but most of the packages in the $100 price region work just as well.
5. Check out the usability. Check the products specifications and its changeable settings. Even though a decent piece of software will have default setting that you can opt for and leave on, you ought to be able to change a fair amount of them as you wish. You will also want to use your own settings as you mature as a trader and develop your own style.
Automated forex trading software takes the pain out of forex trading. You are only human after all and so are subject to the emotional rollercoaster that goes hand-in hand with playing the markets. Let me show you the best forex software to help secure your financial future.
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