These days finding the best reviews for the Forex market may seem easy on the surface. A beginning trader may think it’s as easy as searching for Forex software reviews using the Google search engine.
Searching on the Internet is definitely a great way to find a good number of Forex robot reviews. The challenge comes in finding reviews that are objective and that you can actually trust. This is more challenging than ever because the vast majority of Forex reviews are biased. What do I mean by this? This means that the reviews are actually written with the specific intention of getting you to buy the particular Forex product that is being reviewed. The person or persons who have written a review are compensated by the product vendor when you buy the product through the Forex reviewer’s website link. The fact that most reviewers are compensated is the reason that you see so many Forex robot and Forex expert advisor reviews available on the Internet today.
So what can we do to find objective reviews? Here are a few tips that will help us locate Forex software reviews which may actually be useful to us.
The title of the review contains the word “scam” — if the title of the review contains the word scam that is very likely that the review is absolutely useless to you. The reason for this is that the vast majority of those reviews with “scam” in the title actually don’t have one single negative thing to say about the product in question. The word “scam” is simply an advertising device used to get your attention. Quite naturally, we all want to avoid falling victim to a scam, so naturally anything with the word scam in it will grab our attention. What you will often find is that these types are reviews attract the attention of many beginning Forex traders and are most always biased in favor of the product being reviewed.
Don’t place too much importance on the testimonials — I believe it was Robert Strakkenn of NewForexReview.com who said, “ignore the testimonials” when referencing Forex software reviews. Mr. Strakkenn’s statement was based on his own personal research. He found a great number of Forex software testimonials simply didn’t contain any information that would help you evaluate how good a Forex robot was. He even discovered that some of the testimonials were complete fabrications.
Has the reviewer ever traded Forex — most Forex product reviewers have never traded Forex. They are marketers and while there is absolutely nothing wrong with being a marketer it is best that you receive a Forex review from someone who actually trades Forex.
Has the reviewer used the product — I’m not going out on a limb by saying that most of the reviewers have never used the product. In their reviews you may find that they list the reasons why this feature or that feature makes the product superior to other products, but that really doesn’t give you very much to go on.
The best reviews for the Forex market are written by people who trade Forex and have actually used the product in question. When you find a reviewer that provides concrete results in terms of profit and other important criteria, you’re reading a review that will be of much better use to you than most.
