Estimated reading time: 9 minutes
There’s no doubt that Forex trading is growing in popularity. This trend is driven by the fact that the modern day trader now has access to myriads of tools for trading, which ultimately make work easier. Forex Expert advisors are popular, and so are mentoring programs which teach people how to trade and actually make a living out of it.
But at the same time, we have to recon that scams exist at large. These so-called revolutionary expert advisors are dubious in the sense that they don’t give a decent win rate. Most of them have an awful win rate which is way below the 50% mark.
Yet they are still advertised by their owners as the greatest revolution that ever happened in the retail trading industry.
So today, we want to let you know that all scams in this niche often use ostentatious claims to fool traders. There is no truth in them. It’s for this reason that you should not be intrigued by anything that looks flashy.
On the same note, we are advising traders who want to use Forex robots or some kind of training to look in the right places. We spare you the rat race by searching for all expert advisors, then reviewing them and listing them down on a table. Rest assured that what appears on the table below is nothing but our top-rated Forex EAs and mentoring programs with proven results:
All have 5 star rating *****
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|Software/mentoring program||Ave. Win Rate/ROI||Type||Beginner Friendly||Cost|
Best VPS for Knox EA - FXVM
|65 - 90% (Varies)||Auto||Yes||Free|
The above table is an indispensable resource for anyone who wants to make a mark in Forex trading. Even if you have been trading for some time now, you still need to check out any of those products since there is always something new to learn.
The Forex mentoring program, for instance, is a good resource for both newbies and experts who want to learn. You’ll definitely find value in such programs.
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Need some capital to trade stocks? Well, Meir Barak’s Tradenet should be your number one choice.
Tradenet caters for all traders regardless of their level of experience.
This day trading school has a lot of training materials that are offered in a systematic and practical way.
All students who go through their coaching program become successful in a matter of days — depending on how fast or slow they can learn.
And the best thing is that Tradenet offers funded accounts.
But of course you’ll need to pay for your training after which you will get a funded account free of charge. The minimum account value you can get with the $500 training package is $14,000. Now, that’s the real deal.
We have also done a review about them here… just in case you’d want to learn about our experience with this stock trading school.
The Knox Forex EA series of robots are the best deal you can ever find on the internet today.
This is also the first series of robots that traders can try out for free, both on a demo and live account.
There’s the Knox EA, Knox Dynamic, Knox Metal and Knox Index. For a complete description of these robots, check out this review here.
You have nothing to lose by trying out these robots because they don’t come with an upfront cost, unlike other robots that we have recommended before. Another thing is that each one of these robots can be used to trade currencies, metal and indices. Knox EA has something for everyone. Sign up here.
Fx Master Bot is a Forex trading software that can be configured by the user anyhow to bring the best results.
Having tested it many times, we are very confident that this software could be the next big thing in both Forex trading
Unlike other Forex trading robots which require a subscription or a one-off payment to issue a license, this one is free. Just sign up, fund your account, choose a few settings and you’re good to go.
Need trade ideas for the week? No problem, Forex Signals can tell you which markets to concentrate on as well as the exact entry and exit points for the various trade setups.
Forex Signals is run by experts in the Forex market. See their review here.
They teach and trade the news. They alert you on the specific currency strengths and give you profitable trade setups in real time. If you do well, you will get a share of the $1,500 prize which is awarded to their top 3 traders on a monthly basis.
This signal service also runs a trading room. Regardless of what your experience is, you will find a community to hold your hand and learn from.
Guys are signing up really fast. You shouldn’t be left behind if you’re serious with your trading.
FXVM has always been on the forefront of Forex VPS technology, always delivering the best and most affordable service in this niche.
If you’re looking for Forex VPS hosting service with the lowest latency in the industry, this is the company to choose. Therefore, once you purchase your expert advisor here, sign up for your VPS plan here.
Forex VPS focuses on delivering premium VPS hosting service in a bid to reach out to a number of global consumers.
If you have already purchased an expert advisor and are looking to set up your Forex VPS hosting, then this one is definitely for you.
You will enjoy instant setup, your own web control panel, in addition to round the clock customer support.
Now, WallStreet Forex Robot 2 is the icing of the cake considering that it has features that give users an edge in the market. This Forex robot uses a set of complex mathematical algorithms to make judgment as to whether or not to execute a trade. And the benefit of using this robot is clearly seen in the way its algorithm changes in line with artificial intelligence.
You see, many Forex robots are pre-programmed to follow a set of rules regardless of the prevailing market conditions. That is the reason we hear two people using the same Forex robot and getting very different results. It’s all in the design of a rigid trading robot — which will obviously take you nowhere. However, with Wallstreet Forex robot, this limitation is lifted. What is more, this Forex robot comes with a host of features to make your trading convenient and profitable. For example, it makes you immune to tricks that are often performed by unethical brokers. For example, if your broker decides to involve himself in stop hunting tactics, Wallstreet Forex robot will hide your stops, thus making them impossible to see. The result — you will always be safe. Secondly, the program comes with a feature that’s meant to protect you from unfavorable slippage and spreads. These conditions are sometimes created by the broker (although they’ll never admit it). If you suspect that your broker is getting mischievous with these things, dealing with them is easy because Wallstreet Forex robot has a formula that will warn you and also prevent you from trading during those hours. Other benefits include 24/7 customer support, true ECN trading, advanced money management, and compatibility with all account sizes.
Forex Mentor is a collection of useful resources for learning how to eventually trade like a pro. It’s also a course where traders are educated by the big boys on how to avoid getting sucked in by the enormous Forex market. Because Forex Mentor is the number one go-to place for anyone who wants to learn, they made sure that the platform is friendly and welcoming to traders of all levels. If you’re new, you will find a list of courses that you must take to become proficient in trading on your own. But if you’ve been trading for a while, chances are that you will still learn a thing or two. Let’s face it; the reason why you’re still reading this article is because you feel that you’re not getting decent returns with your current trading activities. Thankfully, the Forex Mentor is what you may need to change a few things which you’re currently doing wrong. Here, you will learn everything there is to master as far as Forex trading is concerned. For instance, you’ll learn trend mastery, recurring patterns, daily scalping techniques and many more.
CopyFX is by far the best copy-trading service launched under the brand umbrella of RoboForex broker.
Working with this trade copier service is easy and convenient for all traders regardless of their level of experience.
Before you select a trader whose account activities will be mirrored on your account, CopyFX will ensure that you have all the necessary details needed to find this particular trader.
The system ranks the best traders according to their win rate, maximum draw down, trading strategies and many more. If you exercise due diligence with this copy trading tool, you will definitely have fun with the Forex market — although keep in mind that commissions will be charged for every successful trade that is copied to your account.
Generally speaking, this is a good service. We recommend it to people who would love to invest in Forex even if they don’t have knowledge on how to trade.
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