There have been so most consultant advisors out which which auto-trades a forex market…most claiming which they can beget extraordinary returns.
The complaint I’ve celebrated is which most of those ‘sellers’ do not yield great peculiarity forward-testing or live-trading comment statements to behind up their claims. How afterwards can a single establish if a consultant confidant is any good?
sorry for not being specific. i am refering to "expert advisors" which auto-trades a forex market. it’s an involuntary trade system. tks.
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Paul U
July 17th, 2009 at 9:00 pm
You bring up a good point. I have been enticed to try a few EAs that proved to be a waste of money.
I think that one of the things that happens is the the market is in a constant state of flux and something that worked well for the past year might not necessarily work well for the next year.
I guess the best one can hope for is some form of a money back guarantee that if a client did not find the EA performing as claimed over a reasonable period of time then you could get your money back and the EA can be deactivated. (If the seller is still around).
This is a tough one.
Paul
Ryan S
July 17th, 2009 at 9:00 pm
and since the dollar has done nothing but go down how much can you credit them vs the market… is there a way to determine if they outperformed?
I’d stick to someone with an extensive history that profited when the dollar rose in value…
find someone that will disclose and quantify provide evidence of prior performance in different types of currency markets… because it looks like we are in for some turbulant times.
take no one’s word for anything when it comes to that… throw out all un-proven claims.
and if this means you can’t find one then so be it…. sometimes no decision is the right one.
Frank Castle
July 17th, 2009 at 9:00 pm
If they have an Aston Martin then they are good.
I am a Portfolio Manager with over a decade of experience in the Stock Markets and I can send you evidence of my claims.
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