Do you want to find out how The Forex Magic Machine software works and also what its bad points are? The seller of this program allows his buyers to test out his program first before deciding whether or not they want to keep it. Users can use the 60 day money back guarantee to refund the product if it does not work for them.
Even though I am generally very skeptical about this type of automated trading robots because I have already tested many of them and know that they mostly do not work, FX Magic Machine seemed like a legitimate program and I eventually decided to take up the money back guarantee to try it out. Furthermore, the retailer has also announced plans to increase the selling price of his software in the near future.
Its main trading pairs are the EUR / USD and the USD / GBP pairs, but it can also trades the AUD / NZD pair occasionally when profitable trading opportunities arise there. This robot can trade and profit from multiple currency pairs, unlike most other software that only focus on the EUR / USD pair. By analyzing the reports of its past trading history, it can also be seen that The Forex Magic Machine has made money in every currency pair that it traded in.
Even though some of the strategies in the software trade on the smaller currency pairs (which are often less favoured by other trading systems as well), I have found that the robot may lose money on some of the smaller currency pairs that it trades on if you use a different broker than what was used in the tests. Different brokers charge different commissions and spreads for trading, therefore some of the trading pairs may lose money for some users instead. Still, it has been overall very profitable especially when The Forex Magic Machine trades the high liquidity, low spreads market EUR / USD, and the smaller pair trades only make up a very small volume of total trades.
