A well known report showed that approximately 95% of forex robotic software online is scammy or seriously flawed technology, on which the bulk of it's users end up losing money. While this figure is large enough to put many people off forex trading altogether, the 5% that actually work are so efficient and simple that it's hard to overlook the success of those using them. It's simply a question of finding the gold in the midst of all the scrap metal. Here are 8 iron-clad rules that will help you select the best of the best...

1. By Kenneth Sutherland www.robotsforforex.org

2. A well known report showed that approximately 95% of forex robotic software online is scammy or seriously flawed technology , on which the bulk of it's users end up losing money . Nice... © Kenneth Sutherland · www.robotsforforex.org

3. While this figure is large enough to put many people off forex trading altogether, the 5% that actually work are so efficient and simple that it's hard to overlook the success of those using them. It's simply a question of finding the gold in the midst of all the scrap metal… © Kenneth Sutherland · www.robotsforforex.org

4. It's no use you settling for even a middling robot when it's totally possible to get a really good forex robot at a good price. At best , you'll make a little cash... More likely though, you'll lose time and money. © Kenneth Sutherland · www.robotsforforex.org

5. The truth is that right from the start it's possible to differentiate the best from the rest . Don't dwell on the promises , look into the cold hard facts and you will see instantly which fx robot is right for you. Time to sort the wheat from the chaff… © Kenneth Sutherland · www.robotsforforex.org

6. © Kenneth Sutherland · www.robotsforforex.org Let's start from the last one: simplicity.. .

7. If it's not simple to set up and use, the creators can program worth a damn; they've almost certainly cloned another system and are merely interested in making a quick buck . The whole reason forex robots exist is to make trading forex so easy that anyone can do it! © Kenneth Sutherland · www.robotsforforex.org

8. The best forex 'bots are flexible . They can be installed on remote servers and keep working even when your computer is not up and running . Similarly, their settings can be tugged so that you can choose different strategies: long-term or short-term scalping, for example. © Kenneth Sutherland · www.robotsforforex.org

9. You should also be able to add more users and use the system with different markets trading plenty of currency pairs. © Kenneth Sutherland · www.robotsforforex.org

10. Make sure you know how the forex robotic software you are getting, performs during actual live trading. This is a biggie. © Kenneth Sutherland · www.robotsforforex.org

11. Do not trust only the results of demo trading; it's often not a conclusive indicator of the robustness and capability of a forex robot. © Kenneth Sutherland · www.robotsforforex.org

12. In addition, see how well the robot predicted past market trends from data fed it. What you need is a very high percentage of winners (70%+) and low percentage of drawdown to guarantee significant profits. And who wouldn't want that?! © Kenneth Sutherland · www.robotsforforex.org

13. Support offered is another huge differentiator among forex robots. The creators of the best forex robots should offer help documentation including video tutorials about everything about the software from installation to features, from advanced tricks to troubleshooting. © Kenneth Sutherland · www.robotsforforex.org

14. Besides that, you should also be able to reach them by phone and/or email to ask for individual assistance. Trust me , the peace of mind it gives you is worth its weight in gold. © Kenneth Sutherland · www.robotsforforex.org

15. Your tools will determine how far you go in trading forex. The bottom line is this: when you settle for less, you lose the most. Don't leave money on the table! © Kenneth Sutherland · www.robotsforforex.org