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Saturday, October 4, 2008

Finding the Best Forex Expert Advisor

By V. Singh

Are you looking for the best Forex trading system around, one which can guarantee you riches and set you on your path to financial freedom? Are you looking for a system that never incurs any losses and can make you a millionaire in a few months? Well, I'm sorry to disappoint you but I must bring you back down to reality, no such system exists and no system is going to make you a millionaire overnight, if anyone makes any such claims they are definitely a scam. Trading the Forex market is no easy task and to make consistent profits off the market you must be heavily experienced and educated on how the Forex Market functions. To trade the Market successfully you must have a proper trading plan and stick to it no matter what; you could come up with your own trading plan or follow in the footsteps of those who have already put in the hard yards and are now very successful.

A Forex expert advisor isn't going to make you a millionaire overnight but it is going to help you collect some decent pips off the Forex Market fairly easily. You see the expert advisors are created by experienced traders who have been trading the market for many years. Through their years of trading experience and time spent learning how the market functions they have eventually devised their own specific trading plans, which are making them consistent profits. I'm sure if you are dedicated and determined enough you too could come up with your own profitable system after a few years of experience trading and learning the markets. It will take you a while and cost you a fair bit of dough in the process, but in the end it will be well worth the effort, as you will be educated enough to create your very own expert advisor.

On the other hand time is money and if you are short on time or if you don't have what it takes to create your own system, you may want to consider purchasing a good Forex Expert Advisor and trade the market under the wing of experienced and successful traders. Although when looking for a decent Forex expert advisor to guide you through your trading decisions, you must stick to a few guidelines which should help you find the best expert advisor out there. These are:

Always look for proof - If a Forex Expert Advisor is profitable then the creators of the EA should have no trouble in trading it on live real money accounts, and they will post these results up onto their websites on a regular basis. So when finding a expert advisor always make sure you look for live forward test statements, these statements are conducted in real time and are the closest things to letting you know how the EA will perform in actual market conditions. **Do Not Purchase any Expert Advisor that doesn't provide Forward test Statements **

Look For Contact Details - If the seller is running a business then he should have legitimate contact details, always look for a "Contact Us" Tab on their website and check out their contact details. Do not hesitate to actually contact the seller and ask him about any specific questions you might have on their products, if the seller is legit then he should have no problems in answering any queries without pushing for a sale.

Make Sure the seller offers after sales support - One company that I know that offers great after sales support is Halcyon Forex. Hal Chapman and the team over at Halcyon Forex are fully dedicated and committed to helping their customers succeed with their products, they offer regular updates on all their systems and Hal Chapman himself regularly helps his customers via email or phone if they are having any problems.

So if you are trying to find the best Forex expert advisor out there to assist you in your Forex Trading Ventures then stick to the simple rules above and you should be able to find a good expert advisor that you can rely on for a long time to come.


It is no secret that in order to succeed in the world of Forex Trading You must follow a good trading system and adhere to strict money management techniques. An Expert Advisor can seriously simplify the process and get you well on your way. If you wish to automate your Forex Trading Decisions by using a Forex Expert Advisor then check out this Collection of The best Expert Advisors available for Forex Trading.

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