Forex Auto Pilot Reviewed

Forex Auto Pilot Review
by Joseph Becker

Overview

Foreign exchange can be a very attractive business to get into if you know what you are doing and have some capital to invest. But many people have tended to shy away from forex trading because things seem "too complicated". Recently however, things have changed with the introduction of automated traders. Forex Auto Pilot is among the leading brands in the market that has become know as an automated forex trading tool that helps ordinary people trade the foreign exchange markets. Believe it or not, the Forex Autopilot program claims that it will do everything for you and it even comes equipped with what they call "robot advisors". In this review I'll tell you how Forex autopilot words, what I like about it, what I don't like about it and finally if I recommend you give it a try.

How Forex Auto Pilot Works

The Forex Autopilot system is based around the Metatrader 4 trading platform. MetaTrader 4 is an free online trading platform to deal with Forex, CFD, and Futures markets. The Metatrader 4 platform includes all necessary parts for brokerage services via internet including the dealing desk and back office.

After you have installed the Metatrader 4 platform you adjust some parameters, then enable the Forex Autopilot "advisors" and "robots" that automaticaly run in the background analyzing the situation on the market. They help you make decisions and even can put in pending orders, and open positions without you being there (this is some very cool technology). These advisors and robots run and product your trade signals, tell you what to trade and when or you can set them to automatically trade for you.

While the above sounds complicated it really is very simple... it's all explained in simple to follow step-by-step blueprints that come with the Forex Autopilot system.

What I like

One thing about this product is that it is easy to use. You do not need any prior experience in trading to use it. It comes with a demo account which you can use while you are starting out or you can rely on the robot advisers to do their thing. This tool does not require you to have a whole lot of computer knowledge either since all you have to do is install it, read the step by step blueprints and start trading right away (using a demo account).

I also like that Forex Autopilot come with a no questions asked 8 week 100% money back guarantee. This allows you to try the Forex Autopilot system for 8 weeks and if you are not happy with the Forex Autopilot system for any reason you can get your money back.

What I don’t like

The sales letter targets the "get rick quick" crowd. The website makes it seem that all you have to do is buy the product, install the software, press a few buttons and you'll instantly make money on autopilot without lifting a finger. While this is a nice dream the reality is that trading forex is not that simple. Like with any kind of professional trading it does take work and there is risk.

For starters you are going to need to get yourself set up with the Forex brokerage (they recommend Forexte). Most broker require you to deposit a minimum about of money before you can get started... and while in the Forex Autopilot FAQs it says you can start with as little as $500 it also says that starting with only $500 (which they consider low trading capital) may put you at a disadvantage because you will only be able to trade the market in small share sizes. They recommend that you start with capital of $2,000-5,000 USD. At least they advise that you first train on a demo account till you are satisfied with your performance.

Conclusion

While I am very turned off by the marketing because it oversimplifies forex trading and makes it seem so simple to make money I do still recommend you try Forex Auto Pilot. The technology and strategy behind Forex Autopilot is sound and you can make some decent money using it provided you have some capital to invest. Forex Autopilot is user friendly and comes with the 8 week unconditional 100% money back guarantee so you are really not risking anything but your time.

Forex Autopilot Rating