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One Response to “Forex Automoney Review – Is There Any User Guide Written By Other Forex Automoney’s User?”
Let me squeeze in between the advertising frenzy going on here. Programs do exist that can make money from FX I trade one but I created it myself. However, as soon as a strategy is discovered the nature of markets is that more and more people pile into the strategy until it no longer works. Therefore, it is USUALLY a better proposition to trade profitable systems than to sell them for peanuts and destroy your edge.
I am extremely distrustful of any and all advertisers but that doesnt mean there arent any profitable ones. Look at independent sources for program rankings like http://www.collective2.com
Also I have noticed that even with on average profitable signals you can lose money trading due to human factors if you arent familiar with it. These programs arent ATM’s they gain money and lose it, your risk and position size have to be optimized for the particular strategy. So you SHOULD know some basic trading before you can turn the printing presses on.
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Let me squeeze in between the advertising frenzy going on here. Programs do exist that can make money from FX I trade one but I created it myself. However, as soon as a strategy is discovered the nature of markets is that more and more people pile into the strategy until it no longer works. Therefore, it is USUALLY a better proposition to trade profitable systems than to sell them for peanuts and destroy your edge.
I am extremely distrustful of any and all advertisers but that doesnt mean there arent any profitable ones. Look at independent sources for program rankings like http://www.collective2.com
Also I have noticed that even with on average profitable signals you can lose money trading due to human factors if you arent familiar with it. These programs arent ATM’s they gain money and lose it, your risk and position size have to be optimized for the particular strategy. So you SHOULD know some basic trading before you can turn the printing presses on.