You must not believe, that with the help of a Forex advisor you will become a millionaire in a short time. The phrase “There is always free cheese in a mouse trap” can apply to these programs. Remember that even “cheese-pay” can become completely inedible, because EA is just a program, based on a specific algorithm, which in turn is based on past events. I repeat myself – from the past. And the Forex market is based on technical analysis and real events, which take place today or tomorrow that are in anticipation and depend on allegations of a large extension. But an advisor can be a good technical indicator which in time will signal possible trends that move like this or in certain conditions.
Forex EA is offered as an alternative to trust management. In this situation when you are doing your operation it depends on the program algorithm and you do not analyze the market yourself. In this case, you pay a fixed amount to register for Forex advisors, and that makes transactions through your broker’s trading platform.
However, here you are taking the risk of loss if the situation on the market does not work in your way.