Forex AutoMoney Product Report

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Forex AutoMoney

Forex AutoMoney is a membership site that claims to provided highly accurate trading "signals" in the form of buy and sell recommendations.

The company claims that their proprietary system is a "self-learning system based on neural networks and genetic algorithms" that was designed by a team of "financial specialists, mathematicians and programmers have developed an innovative intelligent software which automatically analyzes currencies markets and determines when to buy or sell."

This service is designed to provide trading solutions without the need for individual market analysis.

As stated this is a membership site and not a piece of software. So you will log into the site when you want to access the trade recommendations. There you will find suggested trades for different time periods, including inter day, intra day, and long term trades. .

Forex AutoMoney claims that their service can make you $5000 per day.

Go to the Official Forex AutoMoney Website

-or instead-

Check Out Our Top User Review Recommendation

:: FEEDBACK & OVERVIEW

Overall Rating:

Forex AutoMoney User Rating 0 Stars

Forex AutoMoney does not work as stated. This is a marketing scam designed to get people into their $90 per month membership program with automatic billing and a very tight cancellation policy...

Actual Customer Feedback:

"How come there are such gigantic stop losses in the forex automoney i had 4 winners out of 5 and still lost Seems to me you have to win over 90% to make a profit..."
Portion of actual user review from Peter Blewett

"I used to use forex automoney and their picks, but they were terrible most of the time..."
Portion of actual user review from Bob Ryno

" The majority of the signals were losses and the customer support was horrible..."
Portion of actual user review on Forex-tsd.com

"[I] started live about 6 weeks ago and lost the first few weeks of it..."
Portion of actual user review on Investors Hub

"I signed up for Forex Automoney email updates, every day I’ve got an email telling me how much money I could have made had I used the system the day before:

Subject: David: 13/09/2008 - DAILY EARNINGS REPORT
Yesterday you could earn even $2062.16

Subject: David: 14/09/2008 - DAILY EARNINGS REPORT
Yesterday you could earn even $1321.47

Subject: David: 15/09/2008 - DAILY EARNINGS REPORT
Yesterday you could earn even $1335.10

Only one TINY problem with this, 13th was a Saturday, 14th was a Sunday and 15th was a Monday. “So what” I hear some of you say who have never traded shares or traded money on the Forex before... Well unless things have changed this month the various money markets are CLOSED over the weekend!"
Portion of actual user review by David Law

Our Research on Forex AutoMoney Suggests:

According to the general online consensus (where research is based on unbiased, non-vested comments & articles), Forex AutoMoney is nothing more than a loss leader marketing ploy.

While the system does indeed work (meaning that it generates trade signals on currency pairs) it should be noted that no actual traders were found who had made money. On the contrary many users were claiming losses, both on paper and with live accounts. And there was a dirth of marketing sites that were set up to trumpet the benefits of this product, but no historical back tests to prove it.

The system generated some wins but in general had huge draw downs due to rather lopsided stop losses.

Verdict:

Forex AutoMoney does not work as stated. This is a marketing scam designed to get people into their $90 per month membership program with automatic billing and a very tight cancellation policy.

Go to the Official Forex AutoMoney Website

-or instead-

Check Out Our Top User Review Recommendation

:: PRODUCT DETAILS

Company Info:	Forex AutoMoney is a brand name owned by: Forex AutoMoney Com 193 St John Street London EC1V 4PY United Kingdom. The domain name (forexautomoney.com) was registered under this company in 2005. For more information about this company, you may want to search the BBB
Product Specifications:	Membership: This is a membership based service which means that after you pay, you will be redirected to a username and password form. Once you complete the form then you can login to the Members Area. Inside the members area you will find a short user manual and step-by-step video tutorial on how to use their trade signals. Personalizing your Account Settings will allow you to direct when want to receive your signals. Trading with Forex AutoMoney will require an account with an authorized Forex broker, and the site provides a list of over 50 brokers with compatible platforms. The company claims that their "signals are generated through an evolving cyclical model that uses highly complex algorithms generated by advanced computer software. The computer model looks at the behavior of large groups of people over a given time and applies it to the financial markets." Their proprietary trading system and software currently generates trading signals for the following currency pairs: USD/CAD NZD/USD EUR/CHF EUR/JPY GBP/CHF EUR/AUD USD/CHF USD/JPY XAU/USD GPB/USD EUR/USD AUD/USD CHF/JPY EUR/GBP GPB/JPY EUR/CAD AUD/JPY XAG/USD Risk Management: The system generates suggested stop losses for each trade position it creates. The service also provides exact entry & exit times and a stop-loss amount with each currency pair. The trading system is based on behavioral models as well as the Pivot Point trading methodology. Signals are generated in the evening for the following trading day. And it trades in three trading time frames: 1) intra day - six times a day a buy or sell message is generated 2)daily - signals are generated once a day 3) weekly - using these signals you can trade once a week Specifications: Online access needed, with ID and Password access. No data feeds.
Price:	$4.95 initial 3-days trial membership, If after 3 days you wish to stay with the service, the membership cost will rise to $99.90 / month.
Return Policy:	56 Day Money-Back Guarantee However you must cancel it at least 24 hours before end of current membership period to let them process your request before next re-billing.

Official Forex AutoMoney Homepage >>

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