October 15, 2018
October 15, 2018
Let's be honest for a second. If you've ever tried to find the BEST Forex software out there you probably had a minor meltdown trying to sort through all the different options available to you. Trying to figure out which one of the hundreds if not thousands of different Forex trading software programs is the best, can easily turn into information overload.
Most of these programs are made by people who just want to try and make a quick buck from other people's desires to make a quick buck in the budgets market.
On the one hand, this crowded market is a good thing because it shows that there are actually plenty of people making a good amount of money through Forex trading. But when there are a hundred or more pieces of near identical software crowding the market, it causes confusion.
And this confusion can lead you to purchasing software from a bottom-scrapping scammer. We've all fallen for a scam or two in our lives, and most of us interested in the Forex market have fallen for a currency scammer. Without the government starts regulating the budgets market than these scammers are just part of the process. So stay sharp and do your best to avoid them, but swallow your pride if and when you lose a few bucks here and there due to stupid deals and purchases.
Most people do the dumbest possible thing when they fall for a scam- they stop working in the Forex market altogether. They get scared or embarrassed or else let their emotions get the better of them and end up cutting their losses altogether.
Please do not make that mistake. You might have lost a little bit of money, but consider that money a small price to pay for a valuable education in how to stand on your own in the wild west of the Forex markets.
And deciding that you are not going to use Forex software because you purchased one bad piece is an even dumber idea. Think about it. Have you ever gone out to eat at a really bad restaurant? Did you then assume that all restaurants were bad because you had one worthless experience? Of course you did not. You just did not go to that restaurant again and you went out and found a better one.
Do the same with Forex software. Purchase a scam piece of software? Forget about it, trash it, and then go out and find a better one.
Take a look in the Forex forums, see what software is being talked about and why. Forums are valuable communities. I have pieced together most of my trading knowledge and strategies from reading forums.
And for the love of all that's good in the world, do better research next time. Slice your way through the hype. Figure out if the creator of the software is a legitimate person or not. Look for legitimate testimonials and troll the forums to see what other people are using.