without having to stay at the computer for hours after work. Most rookie Forex traders, on the other hand, get badly burned by Forex trading robots because they fail to execute a proper Forex robot test before depositing real money in their system. So, how do you know you don’t have a faulty robot on your hands? By the end of this essay, you’ll understand how to do a thorough Forex robot test, allowing you to trade your robot with complete confidence.
Why Do Most New Forex Traders Fail With Forex Trading Robots?
Many beginning Forex traders make a fool of themselves by fully investing in a Forex trading robot before conducting the required Forex robot test. While sellers of Forex robots may promise the world and all the money in it on their websites, it is prudent to verify their reported outcomes, no matter how fantastic they appear. That’s because the results you see on their sites are frequently backtested results with a significant chance of being wrong. Before you invest real money into trading with a Forex robot, you owe it to yourself to conduct due diligence in the form of a Forex robot test.
What if I told you there was a way to ensure you won’t risk a single penny with a Forex trading robot unless you’re certain it works? I’ve brought several robots from concept to testing and live investment in my time as a Professional Forex Systems Developer, and there’s a tried and true approach for doing so that you can use for your own robot trading as well. Simply follow these simple steps to ensure that your robot works before trading with real money.
How to Protect Your Forex Trading Account
You’ve already won half the battle if you can choose the best Forex trading robot before running a Forex robot test. When looking for a genuine robot trader, seek for one that offers a reasonable rate of return and a high winning percentage. These robots produce considerably better outcomes than those that claim to have a 95% win rate and the ability to double or treble your money each month. The finest Forex trading robots have a win rate of around 60% and a monthly return of between 5% to 10%.
Before you proceed with a prospective candidate, make sure you’re covered by at least a 45-day money-back guarantee. A proper Forex robot test takes at least 30 days, but I prefer 45 days to be cautious. If you have a long guarantee, it shows the seller believes in the system and that you have no risk because you can always return it if it doesn’t function as promised. Make your purchase and then, if you haven’t already, register a demo account with a trusted broker. Make sure the demo account liquidity is comparable to genuine trading conditions, or you will be wasting your time.
All you have to do now is test your Forex trading robot for at least 30 days on a sample account. Check your trading results to verify whether they match what was promised on the website once the minimum period for your Forex robot test has passed. If it does, don’t rush into it. Give it another month to run on your live funds after depositing half of what you planned to start trading with. If nothing unexpected happens, you’re ready to fully invest and start making substantial Forex trading gains!
Since 2007, I’ve worked full-time as a Professional Forex Systems Developer. Because Forex trading is my passion, I enjoy assisting anyone in overcoming their obstacles and become profitable in their own trade. If you’re new to Forex trading or want to improve your skills, I’d be happy to assist you.