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Thursday, May 7, 2009

What You Should Know About Forex Trading Software

By Michael Lenner

There are numerous types of forex software available for purchase, though quality may vary significantly. These types can range from the superior to the utterly useless.

Though there isnt a fool-proof test to identify the best programs, following are some guidelines to help you choose among the many offerings.

Some of these red flags include a lack of client assistance-- both prior to sale of the product and thereafter; products sold as-is with no return option; unclear description of the actual product; and those with no evidence of performance. These red flags are clarified below.

A lack of pre- or post-purchase support is an important indicator that this is a less-than credible program. A lack of willingness to answer questions prior to purchase is a clear sign youre not going to get the support you want once youve downloaded the program.

These softwares are high end and complex, so some people will have difficulties in grasping and using them. In such cases it is the responsibility of the seller to provide the necessary guidance and should be reachable easily.

Do not consider vendors who fail to provide a satisfactory money-back guarantee. A company that believes in its product will stand behind their program. If a vendor believes the product may fail, theyre certainly not going to "put their money where their mouth is."

The product write-up should clearly spell out what the program offers. Applying the "what you see is what you get" philosophy, the features of the program should be apparent from the advertisement.

Finally, look out for proof that works before you buy the software for forex trading. Do not go only by the vendors word but look out for proof and whether the company supports their claims about the product. - 23208

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