Dear Forex Friend

Finding a profitable and reliable forex expert advisor software is not an easy task. Internet web space is filled with sites that promise you too good to be true forex robots that will supposedly triple your trading account every month.

Lets see how it would look in practice.

You start with $1000, next month you are up to $3000, another month goes by and your account is at $9000, in six months you would have $729,000 in your trading account.

Sounds impossible? Actually, it is possible, but very, very unlikely.

If you are starting a forex trading career there is something that you need to understand before anything else…

Forex market is a zero-sum game!

It means that each trader’s winnings are exactly balanced by other trader’s losses.

Simply speaking, if you win – somebody else needs to lose.

Another myth that we need to de-bunk is that in forex market trillions of dollars change hands between traders every single day.

The truth is that most of that money is changing hands among very large banks, central banks and other large institutions and majority of average forex traders exchange only a small portion of that amount.

Now that we have established these facts I am sure that it is clear to you that if there were thousands upon thousands of forex expert advisor robots doubling and tripling their accounts every month the world would very quickly go bankrupt. There is simply not enough money in the world for this “super smart” robots to win.

Is This Profitable?

Therefore, even if this robots were all extremely profitable it would be of no use as everyone would trade with them and there would be no one on the losing side of the trade.

However, the real situation is much different. Vast majority of these robots are “super capable” of only one task. Draining money from their owner’s accounts.

And in the process, making money for those five percent of profitable and reliable robots and traders, expert advisor vendors and forex brokers. The main mistake that most forex  newbies make is buying robots that everyone else is buying just because they have slick marketing web sites and heavy promotional machinery behind them…

Be Aware!

Most of those forex expert advisors are written by programmers for hire who’s only job is to create a forex software that shows good back testing results.

To do that they use MetaTrader’s optimization and genetic algorithm functions to create a set of software variables that would have worked well in the past.

It does not mean that it would perform nearly as well in the live trading environment. Another trick that such software vendors use is to display very short time span live results. Any software can have two weeks profitable periods but in reality it does not prove anything.

Vast majority of the expert advisors that need to show flashy cars and beach front houses on their web sites are untested and non reliable pieces of software and you are more likely to win by tossing a coin than by trusting them with your hard earned money.

Be Ready To Choose The Right One!

Reliable and profitable expert advisors are those that have proven set of rules programmed into the software and are result of a strategy that has been proven in the real time forex market conditions.

It is possible to find such software and when doing so you need to watch for red flags that we have discussed above.

You need to avoid promises of ridiculously high returns, you need to avoid slick marketing techniques, over optimized robots that work well only in the past.

You should approach forex expert advisor trading in the same way as you would invest your money in any other investment venture.

Carefully and by using the best scam filter out there – your own common sense