The Reality Regarding Forex Trading Reviews

Forex trading reviews are found around brokers, advisory services, Expert Advisor sellers and just about anything to do with forex. So, are they really useful?

Forex Trading Reviews and How the New Trader Should Treat Them

Forex trading reviews, when written by real traders who are also clients and users of these services and products, are useful. Most honest forex trading reviews are actually realistic and the reviewer goes to the length of disclosing actual risks and benefits. This applies to brokers, signal providers and many more. The review can really inform the end user or trader as to what they should expect. This is because many traders are street smart, and hard to fool or sold on cheap promises. The most misleading category of products sold today are Expert Advisors. This is the only exception in our list, because actual risk is not fully disclosed to the customer. All traders know that online trading comes with significant risks. Forex brokers disclose these risks in full, signal providers also do, and they are also rated accordingly by their clients. The forex market is risky and not forgiving any mistakes, we all know that. Most if not all Expert Advisor developers-marketers are not so honest, they try to make it appear as if trading is very easy. Expert Advisor software is tricky itself, because it can actually beat the market for 4-5 weeks straight, and with amazing results. Some traders actually use such Expert Advisors to participate at trading competitions, and they do usually win. After all nobody can trade manually, non-stop, for 5 weeks. The problem is that these Expert Advisors begin to fail catastrophically after several weeks or months. And this risk is not disclosed on the sales page. In addition, many of the related reviews are biased, and not to be trusted by any means. There is 10% truth, and 90% misleading information in most of them. After all, if the software really could work for many years, nobody would offer it to you for $299 or $99. Even the price format is a marketing trick in itself.

Forex Trading Reviews on Brokers and Signal Providers

Forex trading reviews on brokers and signal providing services are far more objective, because the market here is very competitive (unlike the software market of EA). The FX exchange is a very competitive market itself, and this is what makes Expert Advisor software fail after few weeks. But brokers and traders providing manually-inferred trading signals, have stood the test of time. Brokers have because their job is to provide a top notch service and facilitate trading, this can go on for years and many decades, no big problem there. Signal providers work hard to come up with trading recommendations, and they do stay ahead of the markets most of the time. It has become second nature to them. And above all, brokers and signal providers are not in for a quick buck, they both want to retain their clients for many years. This is high contrasted with EA software developers. And this is why reviews on brokers, signal providers and market analysts are far more objective. And much more impartial than on any other forex related service. The bottom line is that the deceptive marketing and misleading reviews don’t last long. Whereas true and realistic products and services. Where risks are properly disclosed, without making big promises, have stood the test of time. Remember that trading success is always down to the individual trader, and never served on a silver platter.