Is There Such A Thing As The Best Forex EA?
If you believe in profitable Forex traders who trade for a
living, then by extension you should believe in the existence of profitable
Forex EAs. Why? Because profitable Forex traders have a quantifiable strategy
that they repeat over and over again to make a living from Forex. If they
didn't have one, then they'd be just like any of the 95% of traders who can't
turn a consistent profit: up some days and down some days, but never getting
anywhere fast. Obviously, a quantifiable strategy can be programmed into a
profitable Forex expert advisor which can then trade on its own.
Obviously, some Forex EAs being sold out there are just pure
junk designed to make money for the seller and not the user. That said, you can
easily tell the best Forex expert advisors from the rubbish if you have the
right attitude towards trading Forex. Most scams prey on the fantasy that you
can get rich quick, and they promise you ridiculous things to get you through
the door. Things like 95% win rates, or quadrupling your money in just a few
months. You'll fall for these lies hook, line and sinker if you have a
"get rich quick" mentality towards trading Forex, and never find the
best Forex EA you seek.
Even The Best Forex EA Is Useless Without This
Even the best Forex EA will be useless to you if you don't have
the right attitude towards trading. That's because the "get rich
quick" mentality will cause many traders to take too much risk on their
trades, and try to turn a small amount like $1,000 into $100,000. Even the best
Forex expert advisor can't deliver that kind of return, and if you try to push
up the risk to achieve them, then you'll end up blowing up your trading
account. That's what thousands of new traders do to their accounts every single
day, and when it happens they blame their profitable Forex EA even though it's
their own fault!
To make the most of the best Forex EA, you need to have a
patient and conservative attitude towards building up your Forex trading
income. Yes, there is such a thing as a profitable Forex expert advisor, but
even the best Forex EA cannot double your money in a few days. So stop buying
into such blatant lies, and seek out the ones that promise you a reasonable
return and you'll soon be part of that elite 5% of profitable Forex traders.
I've been a full time Professional Forex Systems Developer since
2007. Forex trading is my passion, which is why I really love helping anyone to
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you're just getting started in trading Forex, or if you'd like to take your
trading to the next level, I'd love to help!
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