Have you ever received a free meal from McDonald’s? You may have noticed a pattern in it, like downloading an app or completing a survey to get your free meal. But it doesn’t mean they are scams, does it? They provide you with free meals for completing the procedure they advertised.
The fact that something is entirely free is not always a scam. However, we agree that freebies may ask you for something in return which is not the case with paid things.
Regarding Forex trading tools, most traders do not see free Forex robots as more than a scam.
But they can’t be more wrong. It’s better to carry out a comparative analysis between paid Forex robots and free Forex robots before jumping to a conclusion.
We know you’ll be wondering why you should consider free Forex robots. Or you might ask whether they have the potential to scam.
Don’t worry; we got you covered. Every question of yours will be answered. And we are sure you’ll be considering free Forex robots in the end.
Visit the following link to get your first free Forex robot: https://forexrobotnation.com/your-first-free-forex-robot/
Let’s get moving with free Forex trading robots:
Free Forex Robots VS Paid Forex Robots
Are free Forex robots sheer scams? In a nutshell, no, they are not scams. They can be used like any other trading service.
Now let’s see how free Forex robots are worth using with a comparative analysis. The following list compares free Forex robots and paid Forex robots.
Investment Factor
While comparing the investment factor in free Forex robots with paid robots, the free version takes the upper hand by miles.
By using free Forex robots for your trading, you never actually lose. Let us explain this to you with the help of an example: if you invest in the paid version of Forex robots and it can’t produce profitable trade as promised by the provider, you will lose your money invested in buying them. Forex robots can be expensive and easily make you hit rock bottom financially.
Whereas, it’s not the same with free Forex robots; if they don’t work as advertised, you don’t lose any money because they were free. You don’t need to ask for refunds.
Moving on to the second comparison factor, which is:
No Guarantees
Believing in guarantees is like living in a fool’s paradise.
The most common factor in both versions of Forex robots is that they are not future-proof. Don’t trust them, no matter how hard a service seller tries to convince you about “guaranteed profit” using paid robots. There are no guarantees in any business.
These robots can not predict the future price of currency pairs with guarantees. They can provide assumptions based on past and present data through calculations and technical analysis.
However, it’s worth mentioning that assumptions produced by these robots can be close but can’t be precisely the same and perfect every time.
Since they both work similarly and provide fundamental insights, it’s better to use a free Forex robot instead of buying one.
Up next, we will talk about:
They Have the Same Features
Emphasis on this point is necessary. Whether you invest in Forex robots or use a free one, remember they both have the same features. Most of the robots available in the market work on the same artificial intelligence-based technology.
You can avail of auto-trading features from both versions; candlestick chart assessment, draw-down value comparisons, profit calculation, stop-loss, overnight trading, and many more. If you don’t know how to take advantage of these features, even the most expensive robot can’t help you produce profitable trades.
It’s better to gain experience before investing in anything blindly. It is recommended to use free Forex robots first so that you can get familiar with their features and their usage.
Moving forward, we will now discuss the most crucial point about robots:
Can’t Control Unforeseen-Circumstances
Most people sell to the idea of Forex robots’ reviews and stats and ignore that Forex trading is highly hazardous. They could lose all their money even with a robot that shows excellent statistics.
It’s better to remember that both free and paid Forex robots can not handle unforeseen circumstances. They are only suitable for a stable market. They cannot control sudden instability, governance policy, and economic factors affecting the trading market.
So if you aren’t getting any leverage for using the paid version, it’s good to stick with the free trading robot.
What is the Right Way to Use Free Forex Robots?
Well, as you have now made up your mind about free Forex robots, you should know how to use them correctly.
Remember, patience is a crucial key to working with Forex robots. There is a possibility that they might not produce desired outcomes at the start; you need to calm your nerves down and wait for a while. Results can also be affected by traders’ intellect and failure to understand the working of Forex robots.
The best way to reach the full potential of a Forex robot is to understand it and be patient while using them.
Conclusion
New traders often feel overwhelmed when choosing their trading strategies. They find themselves stuck between free and paid robot services.
It should be a straight choice for new traders; always opt for free Forex robots because even paid software versions can’t promise success if you don’t know how to use them. No matter how many resources you have, it will never be enough if you don’t know how to use them. It’s better to upskill yourself using free Forex robots. The most significant benefit of using them is they save you money, and you know, “a penny saved is a penny earned.” They can provide you with a win-win situation; earning money while saving money.
