Forex Monster is a EA (expert advisor under Meta Trader 4.0 platform), a software that places trades automatically for its users in the forex market.
There exist many good reasons for using robots for trading, including among others systematic approach to trading as well as taking out emotions. Yet, their usefulness depends on their capability to continue generating profit in ever changing marketplace. In order to even consider risking money with these kind of software, potential or experienced traders alike have to see results to see how good the program performed.
However, the web site of Forex Monster is more oriented as a selling informational and is extremely scarese on systematic and historical trading results. What should bother any user is statements like these, written probably by someone who has never traded one day in their life “Now I could easily sell this system for $500 - and I know that there are enough people smart enough to gladly pay that price.
But for now you have a unique chance to get the Forex Monster Robot for only $67.”
So what are we to think here? That you worked to design a system that maximizes returns, but in reality you do not care about maximizing returns? And now you want to sell this product of yours to others?
Maybe all of that is just a sloppy advertisement, yet great products that can truly help you do not need statements like that.
However, there are some promising good points about this software. It works both on MetaTrader 4 as well as TradeStation, so you can check its historical behavior not only on currencies but on all of the commodities. Another good point is that it is not a scalping system, but rather concentrates on letting your profits run which is essential in long term survival.
Maybe the best point of the software is that it comes with ClickBank 60 day money back guarantee. So this way, you can check for yourself how reliable company statements truly are.
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