recently Iíve been testing out lots of Forex robots etc to see if they work and invest some of my profits in the ones that do work so I can chill out and let the robot do the work :-) and of course Forex Automoney
was one that really caught my eye.
Before I get started on my results etc from using Forex Automoney below is a screen shot of the members area just to prove Iím a member.Forex Automoney
How Does Forex Automoney
Well basically Forex Automoney
consists of a weekly, daily and intra-daily system. With the intra-daily system you trade up to 6 times per day.
Iíve mostly been using the daily and intra-daily system. Basically what you do is go to where it says ďSignals PageĒ in the members area. Then choose which system you want to use
In the section above youíll notice a little calculator sign next to ďTPĒ column. When you click this you have to enter the bid price that your trading platform gives you and the Forex Automoney
system will then spit out the recommended stop loss and take profit numbers.
You will then have to go to your trading account platform and enter in the ďStop LossĒ and ďTake ProfitĒ numbers that the Forex Automoney
system gives you.
And thatís all you have to do. It takes around 5 minutes per day to do this for all the trades.
So yeah the Forex Automoney
system is very easy to use, a child could probably do it. But does it make money?
My Results From Using Forex Automoney
Now Iíve heard some good reviews and bad reviews about this program that I didnít know what to think. On one hand Iíve seen people say that itís a scam and on the other Iíve seen people saying that theyíre making money with it.
In my 2 months of using this program Iíve made around $6,000 profit.
However in the beginning I got up to $300 profit and then lost it all on one trade. The only problem I can see with this program is that the stop loss is 3 times larger than the take profit, which means that you can make steady gains and then losses that can take up a chunk of your profits.
But I stuck with the program and the gains have outnumbered the losses so Iíd say the program definitely works pretty good.
Iíve just made the trades that Forex Automoney
says everyday without fail and Iíve profited 6k in the last 2 months. There were times when I got a bit frustrated with the slow gains but sticking with it paid off. Iíve made so many trades now that the 2k profit isnít a fluke. It really does work.
Iíd give Forex Automoney
4/5. Donít risk thousands or put your whole bankroll on it but Iíd definitely recommend you give it a go because Iíve seen some steady profits which has made a nice supplemental income.
A good tip is to keep reinvesting your profits into the trades that Forex Automoney
gives you. That way your bankroll will snowball and before you know it youíll be investing a lot more into the trades and making more money.