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Trading with a trading robot EA or with a a forex signal service?
by
Jerry Walzo
People wanting to make money from the foreign exchange without much success trading by themselves look at these two possible choices to generate money from the currency trading markets, either alternatives are viable but there are things you should know before making any selection.
The websites where they offer the expert advisors have very persuasive sales pitch claiming the expert advisor will generate you 200% of your trading money in 3 months, double your account in 1 month and make you imagine you will be rich by the end of the year just by spending 149$.
Just think for a moment, if that was true everyone will be rich by now, no? All banks will be purchasing this expert advisors and making trillions with it, there would be no world crisis, no need for government to bailout corporations thank to this businesses selling the expert advisors for just 149$.
Do forex trade signals deliver the results? They might deliver the results but only for a small length of time. Markets tend to change the way they move so the principles programmed to the robots might make it perform until eventually the market change. This expert advisors usually tend to make a lot of trades in a day having a high risk compared to its return, they make 20 trades concluding with 18 winners of 15 pips each individual trade but two losers with a lost of 80 pips on each trade, so as long as the market doesn t change it will work but once it does change, you will lose what you produced in 3 months in just 10 days, the robots will be generating trades and risking 80 pips on each trade, it could quite possibly lose in one trade what it took 5 trades to produce.
On the other hand we have forex trading signals, forex trading signals that are made by an experienced trader that understands how the market operates, a trader that will take care of your risk all the time, a service where you can ask why did he closed a trade at a specific price and you will get a reply.
A forex signal service won t be as attractive as a trading robot but your trading account will demonstrate you that you made the right choice.
If you are interested in trading with guide of forex signals we advise you to use a
forex signal service
that can provide you with a minimum pips guarantee on your subscription.
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Trading with a trading robot EA or with a a forex signal service?