Believe it or not Forex trading is no child’s play. You need a lot of time and energy and a thorough understanding of the market. The basic fundamental reason behind price fluctuations is the change in exports and imports of a country and the corresponding changes in currency prices. That depends a lot on the relative demand and supply of these currencies. Programs like Forex tester 2 key generator promises zero efforts on the part of traders and still ensure better profits.
Here’s an example!
Take a moment to think if that is indeed possible. Imagine a situation in which you are trading with one of the most fluctuating currency pairs, EUR/USD. You already know the condition that might affect the relative prices of these currencies.
Say you buy a certain lot of EUR when relative price numbered to 1.5006 and furthered your trading prospects. But between the time you bought in EUR and started trading, that relative price has risen to 1.5009. Although you profit from this situation, imagine if that falls down to 1.5001, for example.
Back testing is an important practice that might help you to transform historical data and make predictions for the future. Unlike gambling, most of the predictions are based on statistical calculation which cannot be mistaken.
Applications like Forex tester 2 key generator promise you promising result without resorting to back testing manually. But whether they are valid depends on a number of factors.
4 reasons why experts ask new traders to avoid these shortcut codes for making trading decisions:
Forex tester applications are not meant for trading honestly. Most of these programs are like codes to aid you in achieving something which you do not get normally. This implies that it is unfair and you may be subject to disqualification by a particular trading group. One of the agreements that trading communities ask you to abide by, is to avoid using keygen and their generators.
Illegal programs and not tested:
Most keygen programs like Forex tester key generator happen to be illegal and requires traders to make us of various complex batch file editing. Veterans recommend employing this time and effort for trading normally. These untested programs cannot be expected to act normally and you may present yourself in the mouth of a scam.
Possible loss of data or investments:
A chunk of the keygen programs are hacking tools which let you gain access to unpermitted platforms. This means that you are now more vulnerable to a possible data loss. Usage of these might result in loss of calendar information that could have been used for back testing functions.
Possibility of being blocked for further trading if caught:
Using keygen files run the risk of getting caught and possibly been blocked from further trading. Most of the countries have agreed on joint consensus not to tolerate using Forex tester 2 key generator programs in combination with other trading apps.
If you intend to make money quickly, you may try for gambling and other methods that allow you to make quick money. Forex is not gambling and you cannot employ illegal ways and means for winning. It requires use of tremendous hard work and through practice. Avoid using Forex tester 2 key generator for good and trade honestly.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.