At The Nest

Forex Expert Advisors or Forex Robots, all have the same aim – to make you money with no effort and it’s an appealing concept but which work and how do you find a good one? Lets find out… Forex Expert Advisors are sold cheaply and you can get one for $200 or less and they promise to make you a big regular income (many say they will double your account monthly) and this sounds to good to be true and it is! Forex Expert Advisors are anything but expert, when it comes to Forex trading and all the cheap ones you see fail, here’s why.Track records You will never find one that’s been independently verified. The fiat currency y either come from the vendor themselves, or there simply a back test simulation, knowing the closing prices but a child could do that! Trading forward is a lot harder!Sophisticated Mathematical Algorithms to Predict the FutureThis theory is really amusing but not true at all. First Forex markets are an odds based market and don’t move to some mathematical formula and secondly, you cant predict the future, if you could and there was such a theory, we would all know the price in advance and there would be no market. The algorithms are as accurate as your horoscope but at least your horoscope is free and fun.