Hond Financial

Posts Tagged ‘Forex currency trading beginner’

Perhaps you’ve been told that all you have to do is turn on and log in, and presto! — you’ll be making tons of money on your trading account. Does this actually happen in real life, or are we just being fed a line by con men? The individual has thought it to be correct, like every time, and the truth exists somewhere in between.

So what do you have to do to find such a profitable Automated FX Trading Software?
Normally, you have to test dozens of systems to find one that is really profitable. Also, it’s not only lucrative in the short haul yet over a longer period of time too. Please don’t misunderstand me. Of course, everyone claims that theirs is foolproof, and will make you rich, but the truth is something else again. In fact after testing 79 Automated FX Online Trading Systems over the last 3 years myself and losing some of my hard earned money trading them, I can honestly say that 95% of them are pure crap when it comes to ROI (Return Of Investment) and RTR (Risk To Reward Ratio).

The majority of the Automated FX Trading Systems are working based on the Metatrader 4 platform which is very common in the industry. Within the platform, these Forex robots are generally known as “Expert Advisors” (EAs). An EA is simply some piece of software that tells the MT4 platform when to trade, which currency pair, which amount and how to trade it.

There is an enormous amount of information on this topic available on the internet. I am trying not to bombard you with an enormous amount of information at one time. So let’s get to the facts here:

The 5 Rules to find an Automated FX Trading Software that really works

1. Any EA advertiser who mentions only about back test results is wasting a person’s money and time. Programmers use back test results to see if their work checks out. There are too many things involved that can falsify the results. In fact, back test results always provide better trading results than the live or forward testing/trading results .

2. Only rely on the so called “forward trading/testing results”. Forward trading results are just absolute trading results.These are direct tests of the system under actual market conditions, rather than testing with stored data, like back testing.

3. The Programmer/Trader/Advertiser should have a live stream of the trades. In this manner, a person can follow the trades, understand the methodology of the EA, and whenever needed see all trades taken by the EA.

4. With the help of predefined settings and having a working update service, it is simple to utilize the EA/robot. This is very important, if you don’t want to spend a lifetime optimizing the settings.

A sure guarantee of money back for the Trading Robot. That’s also very important, because that way you risk literally nothing. If it doesn’t work the way you need it, simply request a refund.

That is really all that needs to be done. If you only look for and follow these simple key rules, you are well ahead of 95% of all other traders out there. And isn’t this exactly what you want?