So, here we are with Forex Trade Manager, another program that claims it will change the way you trade forex. Straight off, this looks like a really amateurish website. Not only is it all done in a really basic font, with super-bright red and yellow to make it stand out, it is all rendered as an image rather than as text. And the image doesn’t resize when you resize your browser window, so this is not going to fit on a phone or tablet screen.
But putting that to one side, what does this product offer? Well, it is what is known as an Expert Advisor, which means it will monitor forex and then advise you on how and when to trade forex.
Does it work? I don’t know without trying it for myself. However, I am a bit wary of forex. As with stock trading, it is a very risky business. I’m sure it’s possible to earn a lot of money trading forex, but it could be equally as likely to lose you money.
Of course, Expert Advisors are intended to take the decision making out of trading forex, so that it can do all the analysing so that you don’t have to. That sounds great in principle, but how does it work in practice? I mean, surely there is going to come a moment when the software makes a mistake or something happens that it was unable to predict. In a situation like that, it could get you into a very deep financial hole.
I think a much better way to make money is to do affiliate marketing, and the best place the learn that is Wealthy Affiliate.
P.S. Have you seen Forex Auto Millions?