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Can You Trust Foreign Exchange Expert Advisor Reviews?

March 27th, 2010

We hear heaps about the advantages of reading expert advisor reviews before you invest in one, but can you essentially trust them? There are such a lot of different types of androids and different sorts of foreign exchange traders, that even if an EA or expert aide has the best reviews in the world, it still may not work for each individual.

That could be a surprising statement. You can probably imagine that a trading system, which relies on the trader to put it into application successfully everytime, could have extraordinarily varied results for different people. The presumption is usually that robots either work or they don’t, and they will work in the same way for everybody, so all users make the same profit at every point. But in fact this isn’t true.

In broad terms naturally most traders’ results will follow tops and downturns at approximately the same time if they are utilizing the same software, but surprisingly, the actual results can be quite different. In fact in some of the expert advisor forums you’ll find 2 people employing the same EA and one is making a return while the other one’s making a loss. So why is this?