Warning: I am going to be pessimistic here about life.
Keep in mind that Forex products, like all things in life (more so with Forex) are driven my commercialism. Please always assume this.
The guideline I keep in mind is never be the leader with a Forex product. Stand back and listen. Only move on something when others (you trust) have gone before you.
Before I buy a Forex product, I am doing a lot of reading especially statements. I don't buy anything without at least demo statements (again, from a trusted source, not the marketer). Backtests are a weak indication. The next logical step is demo statements but even then, live account performance will be different.
This nature in Forex has driven me to take a closer look at free and almost-free EA's. I know that the overwhelming majority of commercial EA's don't perform well or perform well for a short period of time (are curve-fitted to the current market).
Rick |