There are thousands of forex robot reviews on the Internet. It can be hard to dig through them, and figure out which are honest and which are self-serving. Many people write fake reviews to try to get you to buy the robots.
Luckily, you don’t have to believe them. Just because they say something doesn’t mean it’s true. You’re simply going to use their review as a guide. You can verify their conclusions with only a little bit of work.
Here’s how you can do that…
Go to a forex broker and open a demo account that allows forex robots (expert advisors). There are many of them online, and you might want to try several until you find one you like.
You are going to be testing lots of robots, so you don’t want a broker that is difficult to deal with. Find one that you’re comfortable with.
After you’ve found a good broker, read through the reviews. When you find a robot you want to try, go to the sales page. Make sure that they offer a money-back guarantee.
Most of them offer at least an 8 weeks guarantee. This means that if the robot doesn’t work as advertised, you can get your money back.
After you buy the robot, set it up in your demo account and let it trade for you. You might want to invest in a virtual private server (VPS) so that you don’t have to leave your computer on 24 hours a day. This program runs on your broker’s computer and hosts the robot for you. That way you don’t have to install it on your home PC.
Let the robot trade for you for a few weeks, until you’re sure it’s doing a good job. Then you should test the robot with a live account. Don’t risk a lot of money. Many robots will trade profitably in a demo account, but fall apart when unleashed on a live account.
Remember to only let a robot trade with money you can afford to lose. Don’t let a computer program trade your retirement nest egg.
Finally, remember that not all forex robot reviews are equal. Find some reviewers you can trust, and this will make your life easier.