MoneyMan

sbhimji

none of these programs actually work

yeastthebeast92

This website is just for affiliate marketing...but yes these products actually do work! You must understand basics of forex trading however, you can't just let it run it will confuse you. Understanding just what forex is should be enough. You can get manuals that come with the program if you buy from certain partner sites. I can't remember what they are but you can just google it.

yeastthebeast92

About my last post:
I currently don't use these programs but I know they work. I've seen them my friend actually has one of them. I think Forex Killer is just an advisorary tool and you still trade...its not 100% automated. Correct me if im wrong tho.

funkymunky

I'm going to look into a few of these.

Just to monitor, not with "live" money though, yet

marine1983

my advice try to get a demo automated system before you try any money. Can have a look at this site some very good individual reviews of many systems. Forex Software | Automated Forex Trading & Currency Trading System Reviews

Tripleeagle

yeast, you're temp. banned because you're just double-posting to get pro membership...

Tripleeagle

What do you mean?

marine1983

I assume that was aimed at me trip been away. You need a trading platform called META TRADER. Forex Trading Software: Forex Trading Platform MetaTrader 4You then can go to sites that offer automatic trading software as a trial. You then attach these to the trading platform and they trade for you, opening and closing trades with trailing stoplosses. The site I mentioned before is a review site of said automatic trading software. The trading platform enables you to setup demo trading accounts so you can evaluate these programs with out any money involved. Hope that clears things up a little.

Dekomposer

If you have never traded a market before i.e. Stocks, Indices, Futures, FOREX etc., do not start now!

In order to trade successfully, you need experience and knowledge - which I have.

I bought F.A.P.S. (Foreign Exchange Auto Pliot System) who now, according to my latest emails, appear to have teamed up with Forex Killer; their latest mail was signed 'All the best Andreas Kirchberger & Marcus B. Leary' - Andreas created Forex Killer and Marcus F.A.P.S.

The F.A.P.S. system is based on 'robots a.k.a. Expert Advisors' placing automatic trades on your behalf and it trades only the EUR/USD pair on a 1 minute chart. You can use the robots to trade other markets, but my experience is, that these trades lose money!

On the practice account that I set up, F.A.P.S. turned $5,000 into $487.00 in 5 weeks. When I contacted Customer Support (based in Austria) and said "Hello, something is wrong here" I received an aggressive mail from someone who could have been a Storm Trooper from the second World War,
telling me that I must have changed the settings and that it was all my fault!

I asked for guidance as to what the default settings were, but was referred back to the never-ending and complicated manual. Needless to say, I exchanged emails with them which became more and more heated and in the end they stopped responding - at no time did they try to help nor, try to give me any support or guidance.

The major problem with F.A.P.S. is that it doesn't have any 'Stop Loss' built in. In other words, it will not take you out of the market if the trade is wrong but instead, allows the trade to remain open for as long as it takes to get back into profit - if it ever gets into profit and this can sometimes mean that it is open for weeks!

However, it is supposed to have an in-built programme which should recognise when the trade is wrong and close it - sometimes it works and sometimes it doesn't hence the major losses.

In the end, I put in my own stop losses and every deal that the Robots made, turned out to be a loss. The stops were caught each time, meaning that they had tried to punt the wrong side of the market - they went against the trend!

As I watched the EUR/USD daily chart the Robots would constantly enter trades that were clearly wrong, for instance, a number of times the market was making higher bottoms and higher tops indicating that it was going to go up, but the robot 'shorted it' i.e. sold a contract in the belief that the
market was going to go down. Because the trade was clearly wrong, it was 'stopped out' resulting in the trade being closed at a loss - but at a loss much lower than it could have been.

If you don't understand what I am talking about, then there is no way in which you should be considering buying this programme or, trading FOREX.

When I bought the system they added an extra $16.00 in U.S. tax to my purchase, but like a prat, I had hit the proceed button before questioning why - it was an omen in my opinion, another get rich scheme for people other than myself.

Dek