If you are interested in Forex trading you have probably come across at least one Forex Autopilot review. Forex Autopilot has been heavily advertised and under review has been done by media companies as the Business Week, CBS News and NBC.
Reading the product review does not mean that you will start minting money overnight. You should also be aware of forex trading strategies, economic conditions and other factors. The review should only be taken as a valuable advice to help you in your choice of a forex trading robot.
Let's review and take a look at this software and find out what makes Forex Autopilot so special and unique to the Forex trading world and among robots that are used for autopilot trading.
The Forex Autopilot is a system which allows you to trade with no prior knowledge of the currency market. This type of Forex system is developed for the Meta Trader 4 trading platform and is called an “EA” (Electronic Adviser). These robots will work 24x7x365, analyzing the markets and taking trade orders n your behalf.
The Forex Autopilot robot was created by Marcus Leary (a forex trader) along with Steven Strauss (a programmer). Today they are both happily earning money in the comfort of their homes. In a recent review the creators of the robot shared their secret that the software, aside from using Alligator, DeMarker and MA indicators, also utilizes the Fibonacci Formula that determines when the beneficial times would be to both enter and exit the market.
This product has excellent support level and the customer service representatives try to respond back to your queries as soon as possible, in my case it was less than 24 hours for email responses and the phones were immediately answered.
A couple of practical tips to end this review:
- Upon purchasing you will be given immediate access to the member's area of the site where you can download the FAPS software and a manual with step by step instructions on how to install and use Forex Autopilot for trading. Please read them carefully and make sure you understand them before you start trading and always start on a demo account. Also use the trial period to your full advantage and remember that you can ask for a refund if you are not satisfied.
- Based on my experience from this year's performance of the robot, it looks that the systems performs better with long (buy) rather than short (sell) trades. So use the MT4 option to allow the robot to only place Long trades.
- Please remember that any trading, whether manual or automated carries some amount of risk and the purpose of this review is not to persuade your that you will always be a winner. However, based on my experience as well as reviews and testimonials from other users, you should expect to get some reasonable profits.
Please look around for other reviews of Forex Autopilot and also, if you have found this review helpful, please leave this review on forex forums and blogs. Hopefully it will help others make an informed decision about purchasing Forex Autopilot or not!