Before we get to the review below, let me just add a little disclaimer. This system is not an automated forex trading system. You can not just turn this software on and let it trade for you. What you do get is a signal service to tell you what to trade and when to trade it. If you’re not put off by having to do your own trades, hardly strenuous work, then read on for my review.
Click Here to Read Forex AutoMoney Testimonials
OK, so what exactly is Forex Automoney? Forex Automoney is a professional forex signal service that trades up to 18 currency pairs. What this means is that it’s a service that provides signals, which are recommendations on what to buy and when to buy. It also tells you other important things such as when to take home profit and what stop loss limits to set. So, basically it’s similar to a forex robot, in that you don”t have to do any analysis yourself, but with the signal service, you get the choice of trading or not, so you have a better idea of what is going on. I am a fairly skeptical trader, so I prefer to know what I am doing, even if I am making money.
Let’s look at what you get with Forex Automoney:
• Forex Trading Guide
• Forex Trading Newsletter Updates (free, even if you don’t buy)
• Forex AutoMoney Signals (Intraday, Daily, Weekly)
Nothing new under the sun here, as far as signal services are concerned. No fancy, fluffy ebook either, which I like. It makes it easier to judge the actual signal and how profitable they are. Forex AutoMoney gives you trading signals either intraday (6 times daily), daily (1 time) or weekly. You can get all three if you want. This suits different personalities such as scalpers, daytraders and position traders. I liked that aspect of this service.
Click Here to Read Forex AutoMoney Testimonials
The way it works is when you sign in to the membership site, you will receive signals to trade on based on your settings explained above. A signal will look like this:
Currency Pair: EUR/USD
Type of Trade: BUY
Time to Enter: 10:00 PM EST
Get Profit: 120 Pips
Stop Loss: 50 Pips
So, a signal will give you all the information you need. It will tell you what currency pair to trade, buy or sell, when to trade, when to get out, when to take home profit.
The Good Stuff:
• No forex knowledge needed to start trading
• Easy to understand forex trading signals
• Easy and uncomplicated service to use and apply
• Provide reasonable support
• Trades up to 18 currency pairs
• Trial the service over 3 days for $4.95
The Bad Stuff:
• Makes bold profit claims which need to be taken with caution.
• Has some complaints from traders who’ve used this system
• Some signals may be too short for you to act on
• Doesn’t perform as well in all market conditions
• Doesn’t teach you much about Forex
Click Here to Read Forex AutoMoney Testimonials
OK, so on to the paydirt. How did Forex Automoney perform? I run several different programs at any given time, trading my own systems and those I pay for. I usually do best with my own. I tried Forex Automoney for 1 month with $1000 to simulate a beginners situation. I stuck to only trading the recommended pairs on a daily basis, one trade a day. At the end of the month my account was up $2114 in profit. Very impressive, though I doubt it will hold up over the year, that would be too much to expect. It’s still very impressive even if the profit drops.
You can try it out over 3 days for just $4.95 (trial period) but then after the trial period, the membership fee is $99.90/month until the subscription is cancelled.
Fuente: http ://forextrading4 newbies. com/forex-auto money-review.php
