Affordable Forex Robots – Do They Really Exist?
Do you find yourself engaging in a seemingly endless search for affordable Forex robots that you hope will be the instant miracle for your investment. The answer most people would give to this question is probably yes although few people would openly admit having been caught up in this endless cycle.
This therefore begs the question, do these so called affordable robots really exist?
With numerous software options currently circulating under the name of currency trading EAs and with makers of these software charging exorbitant prices for the services they deliver, one would be forgiven for not having the slightest belief in the existence of cheaper robots.
If they do really exist, then there are bound to be more questions than answers concerning this topic. Some of these questions are as follows;
1. If Affordable Forex Robots Exist, Do They Work as Effectively as Other Robots That Are Deemed to be Expensive?
This is a highly debatable question but the undisputed fact is that an EA that works effectively should not have to be expensive and after all, there are some software programs that qualify for placement in the league of affordable EAs because they perform way better than some whose owners charge exorbitant prices for use of services provided by them.
But it is worth noting that some of the most effective options are beyond the reach of many people and only a few people have access to these powerful tools.
2. If Cheaper Forex Robots Indeed Exist, Then What is it They Offer That Other Robots Don’t Offer?
One thing is clear from the above question, they offer good services at reasonable prices. This therefore makes it possible for the average currency trader to be able to enjoy the privilege of using these expert advisors in his trades.
Some of these Expert Advisors also offer some unique benefits that others don’t offer
3. If There are Robots That are Indeed Reasonably Priced, Does This Mean That Their Creators Compromise Their Profitability so as to Make Them Inexpensive?
This is also another question that generates fierce debate and arguments among members of the Forex trade community. Truth is that some designers of these robots do compromise the profitability of the software so as to reduce the cost of their development and at the same time increase the number they are selling.
This therefore translates to newer versions of original EAs that people find within their means but whose quality has been severely compromised.
But there are some other EAs whose creators are mainly motivated by the need to provide Inexpensive software to the average currency trader and spread the privilege of using these robots around.
But it should be noted that most designers of currency trading software are motivated by profits they will likely gain hence they won’t care whether the quality of the robot has been compromised or not.
4. If There Exists Inexpensive Forex Robots, What Really Does Inexpensive Mean in this Context?
Before we proceed, it should be noted that the term Inexpensive does not mean free.
Whether automated software is really affordable mainly depends on the financial ability of a particular person to purchase that robot without paying through his nose or breaking the bank.
Consequently, whether a robot is reasonably priced or not is all up to you and which price you consider reasonable.