How can you choose the best forex software to make you succeed as an FX trader and create a full-time income? There are a lot of products available that claim to be able to help you do this, but can you tell which are good and which will not help you at all?
Follow these points to aid you in selecting the best forex trading software.
1. Take note of the payment processing company. This is the number one job as it'll let you know if it's legit. If the payment processor used is an upfront operation that you can validate then you can assume the vendor will not steal your money. A decent processor can't afford to have their name damaged by representing scams. Anything that is sold via Clickbank is reliable and is covered by their 8-week guarantee policy.
2. Compare the results. Look for and check genuine trades on the website. Any pictures of account balances and pictures of opened and closed trades are good. Videos of the software in real time usage with the Metatrader 4 platform are particularly helpful. Watch the varying price movements on the platform as they are likely to be genuine.
3. Study user feedback. Get customer opinions independently to use in conjunction with sales page testimonials and compare.
4. Check out the price. With all the competition in this market lately the cost of FX trading software has been driven down. It is still possible to fork out thousands of dollars for a program but most of the packages in the $100 price area work just as well.
5. Check out the usability. Check up on what parameters you can set and which you can't. Even though you'll be able to use default values on any decent software, you should be able to adjust a fair proportion of them as you wish. You'll also want to pick your own settings as you mature as a trader and develop your own style.
This should help you choose the best automated forex trading software.
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