How to Choose the Most Profitable Forex EA by Max Branner

A profitable forex EA can enable you to trade more confidently and effectively in the forex market without your having to have the experience nor the time to do so yourself. These are programs which automatically enact and end trades on your behalf in the forex market. Note I mentioned "profitable" forex EA. There are a number of different programs on the market today and not every one will trade effectively or reliably for you, so here is how to spot and pick the best and most profitable forex EA.

First, the major difference between how most programs operate is in how they trade. I have always had the best experiences with the more conservative programs. These are the ones which are designed to keep much stricter standards which a trend that must meet before they enact a trade and invest in that trend accordingly.

This is in contrast to the more aggressive programs on the market. The more aggressive forex programs target any and all trades such as the greater risk/reward ones. Oftentimes they require that you watch over them from time to time otherwise they'll make a mistake in one of those high risk trades and end up losing more than they take in.

To me this effectively negates the entire purpose of the forex program, so I recommend going with one of the more conservative programs which consequently turn out to be a more profitable forex EA in the long run as they don't fall to losses like the aggressive programs do.

I also recommend that you go with an EA which offers a full money back guarantee with it. Not only is this a good idea as it's a sign of good faith from the publisher, but this also enables you to test the program first hand which I recommend doing if you like within the safe confines of a practice account so that you can let it trade and track it's progress with virtual/fake currency to confirm its status of a profitable forex EA.

Also, consult user review sites on the best, most profitable forex EA and those which have turned out to be disappoints. Oftentimes these are helpful resources created and geared towards newer traders like your self and can provide invaluable firsthand information.