Forex trader: Forex Autopilot Review
Forex Trader ยป Forex Autopilot Review
Marcus Learys Forex Autopilot System is currently another very popular Forex trading systems on the Internet. It claims to generate profits up to 250 PIPS ($2500) per day. Is it ultimate FX trading software to quit your day job and become a full time Forex trader or is it just another Forex trading system scam or rip-off?
The first impression of the website sales letter is the same as for similar products: hyped up, pitchy. The design doesnt look very professional.
The product is covered by a no question asked 60 day money back guarantee.
Who is Marcus Leary?
I havent heard of Marcus before. I searched the Internet to find some more info about him, but only found some articles promoting his product. There are some screen shots of his performance and his account, but its pretty difficult to find out whether they are legit or not.
As always when I find I scammy looking products that Im interested in I fire a support email to ask some questions. I received a response from the same support team that promotes Forex Killer within 4 hours. It seems that both Forex Killer and Forex Autopilot are promoted from the same company and they have the same marketing responsible called Steven. This is not a bad sign and they dont try to hide this fact.
How does the Forex Autopilot System work?
The Forex Autopilot Package consists of four unique trading robots that monitors the market situation 24 hours and makes trades automatically using the Metatrader4 platform. You basically chose the currency pair you want to trade and open its chart window with price candles and attach the advisor to the chart. Stop Loss, Profit Targets and other parameters can be set manually.
Its very easy to install and documented through step-by-step instructions.
What are the results?
The software doesnt have a 100% success rate which cant be expected from any system. But 250 PIPS can be achieved with 60-70% winning trades if an effective money management system is used. I dont ever invest more than 3-5% of my capital for one trade.
The software helped me to make better decisions what it is supposed to do and to automate the whole process. What I like is the automated trading function, no need to sit in front of a PC the whole day.
Who will benefit most from Forex Autopilot?
In my opinion you need to understand the Forex Trading basics before using this system. They recommend to test the system with a demo account which makes completely sense.
Are their any downsides?
The success rate of Forex Autopilot is not 100%. But I dont know any trading software which is 100% right all the time. If you can stick to a trading system with a 60% success rate and you use smart money management techniques your chances of being successful will be high.
Forex Autopilot is not a get rich quick system.
FX Trading is not a game and an in-depth education is required to successfully trade. This can be done learning by doing with a demo account. But youll quickly realize that it will be a different game once you start trading with real money. Once you master it you have a great system to work from home and be your own boss.
What is the verdict?
Forex Autopilot and its bonuses are well worth the price of $99.50 (using the coupon code 750FF). I subscribed to many other Forex trading signal services which charged $197 per month with a much lower success rate than Forex Autopilot and without an automated trading function.
The support is good and you even get phone support from Monday - Friday 6am - 3pm PST. Like with all effective Forex Trading System - there are no get rich quick schemes. You need to make the commitment to read all guides and paper trade the signals first with a demo account until you get the feel. Once you stick to a system and can control your emotions you will see very good results. But it requires the discipline to stick to the system, to use some supporting signals and an effective money management system in place.
The program comes with a 60 days money-back-guarantee. If you are not happy you can get a refund without any questions asked. So its risk-free to give it a try.
If youre looking for an automated way to trade Forex markets I recommend Forex Autopilot.
Forex Trader News. Source [forextraderreviews.com]
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