How to choose the best advisor for Forex trading: secrets to making the optimal choice
Trading with advisors is gaining more and more popularity every year, as trading robots gradually become more sophisticated and virtually eliminate the risk of losing deposits.
Almost half of PAMM accounts are managed by automated advisors, and statistics show that they work quite well.
Therefore, now not only beginners, but also professional traders allow the use of scripts in their work.
The main question is which advisor to choose for profitable trading? There are many options, and almost all scripts have a positive track record.
In most cases, experts recommend first reviewing the advisor's testing history, then testing it yourself, and then conducting tests on demo and cent accounts with various settings. The process isn't quick, and, as usual, you need the money as quickly as possible.
In fact, not everything is as difficult as it seems; it is enough to apply the approach that you apply in life when choosing any product.
The essence of this approach is that, as a rule, the most popular product is also the one of the best quality.
So how do you use this method when choosing an advisor? It turns out it's much easier than you think. Just go to the website: plugins/system/oyl/src/Redirect.php?oyl=aXw76gAMRFQonaPlXxVyTk9nchNh%2BqcaW8HeSpAmp%2B%2FCTrXOodkrzvTtReqZgHlV1I4AHWhnh2w%3D , the so-called "Market," and see what other traders are choosing:
Here you can choose from both paid and free options, sort them by the strategies , the rating received, and popularity among users.
For example, if you select The Reaper EA trading robot from the general list and click on its window, you'll be taken to a tab with a full description:
In addition to the advisor's description, there is also information such as the number of purchases per month, which allows you to determine how popular a particular script is.
For example, The Reaper EA was purchased 114 times in a month, which already speaks to its considerable popularity.
of free advisors can also be assessed , but here you need to consider the number of reviews and discussion posts. Of course, you'll still need to test the purchased advisor before installing it on a real account, but the rejection rate in this case will be minimal.
Which robot should a beginner choose, paid or free? I would recommend an inexpensive paid advisor with good support. This will help you learn how to properly manage the robot's settings, as you can always ask the script's authors any questions you may have.
An alternative option may be to rent for several months.
