July 13, 2008

Forex Autopilot - Forex Trading Signals Software Review

Forex Autopilot is advertised as the "Automated Forex Trends and Analysis Program" as well as the "Forex Autopilot Forex Trading Signals Software System".

It is also advertised as the "Automatic Money Making Robot". I noticed that it claims it was as seen on BusinessWeek, NBC, Entrepreneur Startups, Entrepreneur Young Millionaires, and CBS news.

The author of Forex Autopilot is Marcus Leary and he shows a screenshot of an account going from $2910-$8916 showing profits of over $6,000 gain in a matter of about three weeks.

Forex Autopilot speaks of making a full-time income working no more than two to three hours per week from the comfort of your own home. I don't know about you but that certainly sounds appealing to me. I'm sure you would mind and making an extra full-ime income from the comfort of your home. I'm sure that if this were possible that you could probably squeeze out two to three hours a week to do so.

From continuing to read the Forex Autopilot literature it appears that it is designed to appeal to people that would like to earn a living working out of their own homes and not have to deal with a nine to five job.

As I continue to look at the Forex Autopilot literature I come across a number of video testimonials where you can actually click the button and see people tell you about their experiences with Forex Autopilot. I found it to be very interesting. The people in the video testimonials were basically regular folks who were speaking about how happy they were with the system. As I read further Forex Autopilot claims to not be a get rich quick scheme although they are is much mention of making tons of money is in a full-time income with little or no effort as in two to three hours per week.

As I'm writing this I'm clicking on a link to a trading report that shows how an initial deposit was doubled in just two weeks trading with the Forex Autopilot system. I know that you might think that hey it's great that they're actually showing this two-week trading report. In reality, two weeks is considered a drop in the bucket when compared to true long-term Forex trading success. The fact of the matter is that there are probably many Forex trading systems that could have a good two-week period of performance.

Personally I'd like to see a much longer-term trading report because I cannot make my decision based upon only two weeks of trading performance information. My personal opinion this is too short an amount of data to accurately assess the potential long-term performance of Forex Autopilot

Another thing I don't particularly like is the 56th day money-back guarantee. Notice that I didn't say 56 day unconditional money-back guarantee. That is because in order to receive a full refund there is a condition attached. According to Forex Autopilot you must send your trading screen shots into them in order to receive your refund if you are dissatisfied with the product. This seems like an unnecessary step and just an extra hoop for you to jump through in order to receive your refund. Truthfully, if the software is so excellent I would think that she would simply promptly give anyone who would be dissatisfied with it a no questions asked money-back guarantee refund.

In one section of the Forex Autopilot literature Forex Autopilot claims that according to its history back test that Forex Autopilot makes 96% winning trades. Maybe it's just me but I have a problem with the claim of a percentage of winning trades that is that high. It just seems unrealistic.

This high percentage of winning trades may not seem unrealistic to someone who has never traded. Someone completely new to trading may think that this percentage of winning trades is completely normal. Let me assure you that it is anything but normal. You don't need a winning trade percentage of anywhere near 90% in order to be a successful Forex trader over the long term.

Please keep in mind that I'm giving you my personal views on Forex Autopilot. I hope that the information I provided you with has given you a better idea of what the Forex Autopilot system is all about. Forex autopilot does offer a money-back guarantee so it is possible to try the software out for 56 days. My personal suggestion to you is that you do so using a Forex practice account with absolutely no real money at risk. In this way you can just get a feel for how it works and if it is right for you. For more information on Forex autopilot feel free to click on the following link Forex Autopilot

Filed under Forex Trading Reviews by Robert

Spread the Word!

Permalink Print Comment

Comments on Forex Autopilot - Forex Trading Signals Software Review »

August 21, 2008

Fritz @ 12:54 am

hello
I like your reviews on Forex systems but i would like to know if you have ever tried any of these systems.If you have tried any that worked out well i would like to know.I believe your reviews on Forex systems are good but are just criticisms if you have never tried one.

September 26, 2008

christian @ 12:39 am

I think Forex Autopilot is a very good program. And I must also say that is a program that can make rich , not to you , but to the person who made this program. It costs 400 Dollars and the only person who gets rich quickly is the Mr Maker.

This is all. I would like to advice the people who want to try this program to use the demo account befor you risk your money and you will understand what I am sayin.

November 3, 2008

New Forex Autopilot? @ 12:35 pm

Is the new version of Forex Autopilot out yet?

December 24, 2008

Robert @ 7:24 pm

Hi Fritz,

I can certainly understand your skepticism. Some Forex systems make such blatantly ridiculous claims that you don't ever have to do any more than read the sales literature to see that many Forex systems vendors simply don't know what they are talking about.

What I say to you is, "Good Job". Stay skeptical and do your due diligence before trading anyone else's "Holy grail" trading system.

Robert @ 7:32 pm

Hi Christian,

Thanks for your input.

Your advice to trade on a demo account makes perfect sense and it is what I would recommend for anyone testing a new Forex trading system.

April 5, 2009

Robert @ 12:32 pm

Re:"Is the new version of Forex Autopilot out yet?"

That's strange that you would ask that question when you run a website that advertises the product.

Leave a Comment

Login