Forex Expert Advisor - Can an Expert Advisor Really Gain 50% Per Month?

A lot of people have been asking me so many questions about buying a forex expert advisor. I thought I should document some of these questions here and publish them on the web for more people to benefit from them. So here is the list of the most frequently asked questions I field regarding forex autotrading software programs. I hope they really help clear the air regarding this hyped up area of forex day trading.

    How do forex expert advisors work? They are automated software scripts that run automatically only on the MetaTrader4 forex trading platform. The developer will generally build in a successful trading system into the ea.
    Do expert advisors really work? Yes and no. Many of them have such big drawdowns, that unless you have a large enough account to float the losses from period to period, you'll blow up your account fairly quickly. However, if you are using the right expert advisor, you'll have smaller drawdowns and you can float smaller losses. This will leave your account with enough of a balance to enter the subsequent trades.
    Can I compound my monthly returns? Only if you're using the right forex ea program. Some of the better ones will allow you to set the amount of money placed in any given trade based on the balance in your account. Therefore, as your account grows, your ea program will place trades with larger lots. This, in effect, will compound your returns producing astounding results.
    Do the "big Wall Street" guys really trade foreign currencies? Yes. The big financial institutions are very diversified including into the foreign currency markets. Many of them are using an expert advisor of some sort to assist in placing trades. The reason so many large institutions are involved in the forex market is because of its liquidity factor. They can enter large positions and easily exit those positions whenever they choose.
    Do Forex EA's really run 24/7? Yes and no. An advisor will run as long as your computer is turned on and connected to the internet. However, if you are unable to ensure that your computer will be running all the time, you should look into eventually setting up the expert to run on a virtual private server. This service should cost somewhere around $60 or $70 per month and will be well worth the spend.

There it is. Those are the five most common questions I get on a daily basis regarding Forex Expert Advisors. Check out my author resource box below to be directed to the top selling forex auto trading program right now.

If you are looking for the best Forex expert advisors reviews then just visit at Instant EA or The Skilled Trader EA for the reviews and live performance of these expert advisors.

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