Forex Robots.Free or paid?

How to choose a forex robot.

Choosing a forex robot proved to be a difficult job.There are lots of them – free and paid, built on different

approaches and strategies, simple and complex.

My first forex lesson: invest into a quality software before you lost your deposit.

Find a decent review site.

To be able to trade on a pro level you definitely need a forex robot which is a computer software program built on

hundreds of algorithms to carry on trading according to set up parameters. Find a decent site that reviews forex robots

and learn as much as you can.

Dig in: analyze forex robots reviews.

Read the reviews to understand the performance of robots, check how this or that robot is doing with current clients.

Dig in: analyze forex robots reviews.

Understand how much and how quickly a robot can be

optimized, remember that the money market is constantly

changing and you should adapt your robot to the current

situation.

Dig in: analyze forex robots reviews.

Monitor new robots coming out into the market and compare their performances. Developer companies who

produce robots are trying to come up with more adaptable solutions and more complex systems to provide a trader with

a successful tool.

Free or paid?There is a discussion in the world of forex about using free

and paid robots to do the trading. Some traders agree that if you can properly set up a free robot you can avoid investing

into software and still win. Some say that free robots are based on typical algorithms and are not unique, so they can’t

fully meet a professional trader’s expectations.So, where is the truth here?

Careful analysis: that’s what you need.

Most important thing is not to run between free and paid

robots but to carefully review both. A trader must start reading

the reviews on different sites that review forex robots and get

to the bottom of it. Analyze all the data – performance of the

past, current results with other clients, robot’s ability to be

optimized to a changing environment, etc.

The conclusion.At the end of the day you will find that there are free robots

and paid robots that are equally successful. However, I see the

difference between them in the depth of algorithmic approach

– paid robots are usually built on deeper analyzed, better

proven and more optimizable techniques and strategies from

the experience of a certain company whereas free robots are

more simplified and unified versions.

The tip.Personally, when I was choosing a robot I picked up three –

two paid ones and one free and tested them over the period of 12 months. All three worked well with the one (paid)

being my favorite because of its ability to be easily optimized to market conditions.