Forex Software – A Buyer’s Guide

1.Take off your blinders. Don’t believe everything you read. Websites and advertisements are worded a certain, compelling way for a good reason – to make a sale. You’re kidding yourself if you think these software sellers have one iota of a conscience. They don’t and will sleep perfectly fine at night regardless of the number of people they’ve financially burned in any given day.

2.Research, research, research! Before turning over your money, become an expert. This means you have to do some work. There are plenty of review sites and forums out there that offer so-called “unbiased” opinions. But, remember point one – don’t repeat my early mistakes; scrutinize everything you read. To be an expert means you must study reviews, ask questions in forums, and download free trials prior to making your final decision. When it comes to purchasing forex software, there is no such thing as doing too much homework.

3.Know Good from Evil. There are three types of forex software and they range in both price and options. If I were you, I would consider both your budget and level of experience before purchasing. One type of forex software gives you more information and data but may be too overwhelming for beginners, while a second type of forex software allows visibility of trading activity and helps you make smarter decisions. A third type of forex software is designed for the most advanced forex trader and may not be appropriate for your level or frequency of trading. My goal is to help you understand the difference and make the most cost-effective forex software investment decision.