Tuesday, December 20, 2011

Forex Automoney - Scam Or Legit Trading System?

Forex Automoney - Scam Or Legit Trading System?
By [http://ezinearticles.com/?expert=Daniel_Saeper]Daniel Saeper

With the growing popularity of Forex as a method of investment in the market, many trading systems & software programs have popped up promising quick gains & easy profits.  Although many of these systems are scams, fronts created with the sole purpose of taking your hard earned money & leaving you nothing to show for it, there are some which are legit, very profitable trading systems set up by experts in the field.  Today we have a look at one of the most popular Forex systems available, Forex AutoMoney, to determine whether it's just another scam or if this software delivers the easy profits it promises.

The Signals

Forex AutoMoney is a software which provides automatic signals that tell traders when to buy a currency & when to sell. The signals are delivered via email, text message, a pop up software or other via another method which the trader is able to put in place.  Forex Automoney offers several strategies(my personal favorite is the intraday strategy), when the signals are delivered depends on the trading strategy you've chosen to work with.  Remarkably, the signals are very simple to follow, even for new traders.  The software also provides trend charts for more advanced traders who are able to read such analysis.

Real Results Vs. Advertising

The website promises to send signals which indicate exactly when to buy/sell currencies in order to maximize profit potential, in reality this is not possible.  Profit can never actually be maximized due to the nature of the Forex market, there's always the possibility of more profit, a wider spread or a larger trade.  The website also states that "you can make $2,500 a week!" this statement is absolutely true, however the amount of money a trader can actually make using the system varies greatly on the initial investment.  For example, if a trader deposits $100 to start, it will be a long time before they can earn over two thousand dollars per week. On the other hand, if a trader makes an initial deposit of $10,000, then earning $2,500 per week based on the signals is very feasible and probable.

The key is to realize that while all sites advertise, they generally make it sound like getting rich quick is simple, when in reality there are strings attached. This doesn't take away from the real profit potential though, it just puts it in perspective.

Scam or Legit?

This trading system can help traders execute profitable trades based on their signals.  While it can be a money maker, a user has to have the right tools to be successful. Basic knowledge of the Forex market(following buy/sell signals), an account with a broker and an initial deposit are required in order to really earn from  Forex AutoMoney Based upon our individual review and the reviews of others in the Forex market, we've concluded that this system is legit, but only if the right tools are incorporated into the trading process.  To further solidify their position as a proven system, Forex Automoney has decided to allow traders to try their system for a trial period.  The reason for this trial is to allow traders to try their system, determine if the signals work for them and, if the trader is making money, they will get hooked on the system.

Now listen carefully, if you're ready to make real money in Forex, earning more pips than you ever imagined completely on autopilot, take 2 minutes to read the next page. Forex AutoMoney [http://forexautosig.info] is offering their amazing automated trading services at a huge discount, you're gonna want to get in on this limited time offer!

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Article Source: [http://EzineArticles.com/?Forex-Automoney---Scam-Or-Legit-Trading-System?&id=1902637] Forex Automoney - Scam Or Legit Trading System?
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