The Internet is full of forex robot reviews. How do you know which are real reviews, and which are puff pieces? It can be hard to tell. You should start by reading lots of reviews. Don’t buy the first robot you find. Spend a few days reading.
After you’ve read about a few different robots, make sure they have some kind of reputation. You don’t want a brand new, untested robot. You want something that’s made actual money for its creator.
What kind of proof should you look for? The best kind is actual live trading reports. Some of the robot sales pages actually have their accounts linked, so you can watch the robot make money.
After you’ve narrowed down your choices, you should test the robots with a demo account. Most brokers will give you demo accounts, where you can trade with play money. Never let a robot trade your real money until you’ve tested it in a demo account Money robot Review.
If the robot makes you some play money, let it loose on your real money. Just don’t ignore it completely.
The forex market isn’t static. A forex robot won’t necessarily trade profitably forever, even if it’s working great today!
That’s another reason why you should find some good reviewers, subscribe to their newsletters, and read them regularly. Forex robots need to be constantly updated. You want to know which robots are working, and which aren’t. There are people plugged into this world who can help you keep up.
Forex robots can be an excellent passive income stream, requiring only routine maintenance to keep the money flowing into your bank account. But it’s not totally passive. You still have to keep on top of things. You want to make sure your robot is still working. Reading forex robot reviews will help you do that.