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The marketing of new and existing Forex products and the launch of new trading robots are generally undertaken by their creators with huge fanfare. Although one cannot criticize these marketing techniques, it does make it extremely difficult for the average trader to accurately evaluate these products. This is in part due to the time taken to evaluate the product (familiarization, set-up and testing) and also the cost in buying the various products. In a large number of cases, the marketing of the product then becomes the paramount factor in deciding which product to buy. This can cost the average trader dearly, due to the following factors:
- Financial loss: This is the most important factor for any trader. If the product fails to live up to expectations, money can be lost with trading;
- Expense: If the best product is not bought initially, one will most likely have to spend additional funds (unnecessarily) to buy other products in the hope of better results; and
- Time spent: Significant time is spent to get familiar with the product once it is bought. If the best available product is not bought, this valuable time gets wasted as the process of installation, familiarization and testing needs to be repeated.