I have been looking to buy some forex software especially one that can save me the work of having to scrutinizing my forex charts every day. I asked my friends who were already doing forex trading and they recommended Forex Automoney. I have used it for a few months and I think I have enough time to decide if it is a scam and if not, and whether to continue or not to subscribe to the membership service.
Before I started using Forex Automoney, I was quite skeptical as I was told that it is a scam. If you think it's magic and with one press money will flow you, then you may say it is a scam. But the nature of forex is that there are always going to be lossess and you just have to manage the risk like a normal business.
Forex Automoney provides you with forex signals that have been generated by the software. The software uses an intelligent mathematical algorithm to provide signals. You will get these signals when you join their service.
Signals are good and convenient but what we need to ask is whether these signals generate profitable trades? From my few months of trading I am happy with this tool. It has helped me get overall profits every month.
I have seen forex and stock signal providers charge you $1000 upfront to check their signals but in this case, Forex Automoney club has made it easy to try it out. After the 3 days period, you can then decide if you want to continue or not.
However, I would say that to decide whether the signals are effective or not should be based on at least one or two months of trading, whether on live or paper trades. The market on those days could be difficult and not representative of the general situation. You could have also made some mistake as you are not familiar with the system. Forex trading success is based on overall profits and you will always get some losing trades. I have made money even with 60% winning trades.
Nevertheless, for new traders, the period of 3 days would give you a chance to see how you can start trading forex with forex automoney. I always believe that you should not take unnecessary risk so it is good to do demo or paper trades first. Once you are familiar with everything, then you can start live trades.
I am sure that I will continue this Forex Automoney system until I find a better one to use in my trading. It has been helping me make money andI am satisfied. Forex will always have some risk and that's why it can be so profitable. But if you learn to manage the risk well, you can make profits just like any other business.