5 Mistakes To Avoid When Choosing Forex Trading Software

April 6th, 2009

As an experienced forex trader, I have made some mistakes in choosing the wrong forex trading software. There is no doubt that this can be a costly decision, and their are definitely some pitfalls you need to be aware of. Here are 5 of the most common mistakes.

1 – No Feedback

Always seeks customer testimonials and positive feedback on the product you are interested in investing in. Personally I think forums are the best place to find these – as testimonials can sometimes be doctored.

2 – No Live Marketplace Analysis

Some form of live marketplace analysis is crucial in the software you are considering investing in. Without this you are essentially flying blind.

3 – No Demo Account

You need some form of demo account to test out the forex trading software. Why should you ahve to risk your own capital on a system that has not yet proven itself?

4 – No Live Support

When utilising forex trading software, some form of live support is crucial – be it via online or phone. You may encounter problems which will require support.

5 – No Money Back Guarantee

If you have any doubts as to the potential of the product, then make sure you can get a refund before you purchase. This is one of the clear-cut advantages of purchasing the software on the clickbank network – you are guaranteed a refund if you are unsatisfied. This way you can simply refund the product until you find one that delivers and matches your needs.


Finding forex trading software is not easy – hopefully this post has shown you the things to avoid so you can make a more informed decision.

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