Forex Trade – Intelligent Forex


Finding the Right System

Posted in Forex Trading Robots by intelligentforex on January 10, 2010

It’s important to find the right Forex trading robot when looking into automated Forex systems. With so many out there today, it can sometimes be a daunting task to separate the quality systems and the not so quality systems. Here are a few things to look for when selecting a trading system that you can rely on and one that will be able to sustain long term results.

Every page you visit whether it be looking for Forex signals, automated trading programs will have some type of sales letter. Yes, you guessed it, if you want a quality trading system you will have to pay for it and you usually get what you pay for. One of the best parts about this is that most of them come with a money back guarantee, so essentially you’re at almost no risk if you plan on testing one of these trading systems. Why must you pay for a trading system? It’s very simple; the trader who developed it has put in their time, their research and has in most cases had to hire a programmer to put together the entire system.

So if traders have developed a winning system why are they selling it? To be honest most trading systems require loads of up keep in terms of system upgrades, adjustments, management of customer service and tweaks to the software. A lot of traders like to diversity there business model, not only trading for themselves to yield a profit but also to sell their education, knowledge and self created systems, therefore having two separate business models.

If you’ve ever been to a Forex seminar, you will completely understand where I am coming from. These guys do make great money trading and they do enjoy helping new traders by creating their own systems, seminars and signal services to provide to you.

The problem with going to Forex seminars is that they are very costly and can sometimes cost thousands of dollars to attend. You can get the same information and the same trading systems for literally just a few hundred dollars elsewhere in the form of a trading robot.

I’ve seen trading systems ranging from a hundred dollars to thousands and from my personal experience a trading system for a few hundred is just as good as one for a few thousand. What you really want to look for are back tested and forward tested results. There are plenty of great Forex robots out there, just be sure to do your own research when selecting one.

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