Forex Automoney Review

#4386 in Business
Rating: 1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic (by 7 people)   Your rating: 1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic

Forex Automoney - What Is It?


Forex Automoney is a recently released investment automation service, providing trading signals (alerts) for the Forex market to retail (i.e. individual or non-institutional) traders. The service is provided by:


Forex Automoney
145-157 St John Street
London EC1V 4PY
United Kingdom

At the time of writing this review, Forex Automoney generates signals for 18 major Forex (currency) pairs.

As stated in the company's Mission Statement:
"[ForexAutomoney] integrates technology to deliver traditional and Internet-based currency trading solutions.

Leveraging industry expertise and trend setting creativity, we help our clients build strategies that generate tangible results and quantifiable profits."

Forex Auto Money provides innovative financial solutions to individuals and businesses ranging in size from start-ups to Fortune 500 Companies.

What is Forex AutoMoney about? 

The ForexAutoMoney signal service provides ready-to-use Forex trading signals (a.k.a Forex alerts). Using them one can make money in Forex, placing trades automatically, with no need to analyze the markets, follow the news or perform any technical analysis.

No discretion, no calculations, no judgement - this is one of the most efficient and modern money making methods today. It can be used by anybody in any country of the world.

All you need is access to Internet and a few minutes each day.

The Forex Automoney System - How Does It Work? 

The Forex Automoney team of financial analysts, mathematicians and software developers have developed an innovative intelligent application which automatically analyzes the foreign exchange markets and determines the best time to buy or sell a particular currency pair.

At the time of writing this review, Forex Automoney generates signals for the following 18 currency pairs:

EUR/USD, GPB/USD, USD/CHF, USD/JPY,
USD/CAD, NZD/USD, AUD/USD, EUR/CAD,
EUR/GBP, EUR/CHF, GBP/CHF, EUR/AUD,
CHF/JPY, EUR/JPY, GPB/JPY, AUD/JPY,
XAU/USD, XAG/USD.

When you login to the system you get access to the following screen:



As you can see the ForexAutomoney system can generate signals for 3 timeframes :

* intraday - 6 times a day a buy or sell message is generated
* daily - signals are generated once a day
* weekly - using these signals you can trade once a week

Of course you may use all 3 timeframes if you like - trade the weekly, daily and intraday signals! This maximizes your profits. As stated above, the alerts are generated for 18 major currency pairs, and using all of them also diversifies your investment and maximizes your profits.

Here is an example based on an actual signal generated by the Forex Auto Money trading system:

Currency Pair: EUR/USD
Type of Trade: BUY
Take Profit: 120 Pips
Stop Loss: 50 Pips

This trade recorded a 120 pips profit! This equals $1200 trading 1 standard lot or $120 trading 1 mini lot.

It only took a minute to enter the trade...

What makes Forex Automoney better than the competition? 

Would you buy a "do-it-yourself eye surgery kit"? No? Then why play Russian roulette with your investments?

What most other companies or publishers are selling is their "systems" or "secret method" for trading the Forex. They are describing these systems in their e-books, or e-courses, providing formulas and calculations, which presumably will tell you how to compute everything on your own in order to figure out whether to buy, sell or stay out of the trade.

Does that work? Yes, some of these systems do work, others don't and yet others are a complete and outright SCAM.

But why do it the hard way??? This approach is like giving you a blue-print to build your own car instead of giving you the car! Could you do it yourself? Probably, given enough time, training and determination.

Most of us, however, don't want to build our own car or even understand how the parts in our car work. We just want a car, the end-product that gets us places! (...and preferably an automatic one - we're too lazy to shift them gears what with all the traffic jams!)

Let's face it - in the 21st century we don't normally build our things from scratch when we need them. We rely on the combined knowledge and experience of humankind and we look for readily available solutions.

The same applies to investments and making money - the one and only method which works for everybody is to use the advice and expertise of professionals, who are knowledgeable and skilled in their field, who have been doing this for years, day in and day out.

As you will see from this review, this is exactly what Forex Automoney offers to their clients.

Why subscribing for a service is far better than buying a 'product?

...find out below..."

Forex Automoney FAQ 

Is there a guarantee? A Return policy? Is it for me..?

With all the scam and fraud going around the Internet it is normal that many customers, initially, are cautious and anxious about buying the service.

The questions that are often asked are:

"Can I return the Forex Automoney system if I don't like it?"
    and
"Are you guaranteed to make a profit with this service?"

The short answers are:
    "Yes" to the first question.
    "No" to the second question.

Let's get one thing straight: everybody who "guarantees" that they can predict every move of the foreign exchange market (or any market for that matter) is either a big fat liar or is exposing insider trade information which is highly illegal. In either case you would not want to associate with them.

The best guarantee of Forex Automoney's efficiency is its proven track record and the testimonials of their happy customers:

This system is absolutely amazing! I started earning with just a few dollars! It is very simple to set everything up and the staff at the Forex AutoMoney helpdesk are really helpful. My first big earnings came after only 2 weeks from the moment I joined Forex AutoMoney. The best thing about it is that I spend only a couple of minutes a day working!

    Margaret Blake
    Ontario, Canada


I can recommend this system to anyone. It works as promised, little starting money is needed and you don't have to spend too much time using the program to earn a good income. What is most important in this system for me: it doesn't take any specialized knowledge about Forex to use it successfully. The sell/buy signals are easy to understand and all you need is a computer with access to the Internet.

    Gordon Marrow
    Sydney, Australia


I only included two testimonials in this review of Forex Auto Money. You may read more testimonials and view the performance record of the service for the year 2007 (over 900% average account growth!) at the Forex Automoney web-site.

"Service" vs. "Product" 

...why "more is less" when it comes to recurring fees vs a one-time fee...

Yet another thing which guarantees the success of the ForexAutomoney service is the fact that this is a monthly subscription service. Most people frown when they hear "monthly fees" or "recurring billing".

But is it really a bad thing?

Let's take a look at this example...

You pay your internet provider (ISP) a monthly fee, correct? How's your connection? Good? It better be! Or else you will dump them and subscribe with someone else!

But what if instead they collected all the money upfront? Let's say your monthly fee is $40 and on average you stay with the same ISP for 4 years:

    4 x 12 x $40 = $1920 total.

What if they offered you a $500 one time fee instead of the monthly payment of $40? Would that be a good deal? Looks like you'd be saving about $1500 so it's gotta be good, right?

Wrong!


Why? Because... you are buying a SERVICE! You depend on your service providers, be it your ISP or your Forex alerts service, to take good care of you. This is exactly what SERVICE means! Somebody taking care of your problems and making your life easy!

What guarantee will you have, after paying the $500 one-time fee, that the provider will not leave you high and dry when you internet connection goes down? None. They've taken your money already and they don't care.

Same goes for Forex Signals. If you buy a Forex "product" or "solution", in a box, instead of a service, you've already paid the publisher all the fees - in advance. You're old news. Next please. You're a done deal and now they're too busy chasing their next customer to take care of your problems.

With the Forex Automoney the picture is totally different. If you're not making money with their signals you won't stay with them. Simple as that. If you don't stay - they don't make money. So they are guaranteed to work hard to make sure you are happy with their service!

"It's not about the money...!" 

On a somewhat different level - it's not really the cost of the service that bothers us.

It's the uncertainty. "Does it really work? What if I can't make money with it?"

If a good friend of yours told you "You know, that Forex thing I told you about a few months ago, in March, remember? Well, I've been using this service since then and it makes me $1000-1500 every month!", if your friend told you that, would that get your attention?

Would you subscribe to the FAM signals based on your friend's recommendation that the system woks and is not a SCAM?

Would you pay $100 a month for the service, if it makes you $1500 or $1000 or even $500? I know I would - anytime, gladly, and I bet you would too! Why not - it's a 10 times return on investment!

The problem is that most people, initially, have doubts that the Forex Automoney signals will actually turn in a profit! As a matter of fact this is the main thing that holds us from trying new things. Skepticism.

It's OK to be skeptical. Sometimes. At a certain age. In some situations. But let me ask you just one question:

"Have you ever met a successful skeptic?" 

No matter how many people I ask this question, all of them, whether they respond right away or after giving it some thought eventually say "No."

Don't be an unsuccessful skeptic. Forex Automoney comes with an 8 weeks return guarantee! Within this period you may request a full refund and your money will be refunded to you, no questions asked. You got nothing to lose - you simply owe it to yourself to at least give Forex Automoney a try!

Note: upon signing up for the Forex Automoney membership you will be required to pay an access fee of $4.95 which will cover the company's cost of setting up your account and granting you access to the member's area.

But even this fee is refundable within 3 days. You will gain full access to the ForexAutomoney members secure area to try and play with it as you like and for the first three days you can request a full refund of the $4.95 membership fee.

My advice is - pick a couple of days when you know you will not be too busy and test the heck out of the system!

See if you like it. You have 3 days of FULL access to test it - for FREE!

Take advantage of it! In the members' area you can select your signals, based on your trading preferences - intraday, daily or weekly and see what works best for you. You may even make some money while testing the Forex Automoney System!

At present Forex trading is the fastest growing online industry and a large number of people enjoy extraordinary payouts on their investment. Many start with Forex Automoney as a part-time opportunity and turn it into a full-time earning which allows them to replace their day-jobs.

Nevertheless, keep in mind that trading may not be a suitable business for everybody. Some people can not accept the fact that there will be times, as with any investment, when your account balance may take a dive before coming back into profit.

Others are simply too impatient, looking for a "get-rich-quick" scheme rather than a stable system, generating you money consistently, using the power of your compounded account growth to gradually turn your investment into tens or hundreds of thousands of dollars, which is what the Forex Auto Money service is all about!

Reader Feedback 

woodcutter

This lens is fantastic.
I like your writing style It's smooth.
You get a 5* from me.

Posted July 09, 2008

Jake-Stanley

fantastic lens, I'm very impressed. What is the html code that you used for the testimonials? 5 stars from me and keep up the good work.

Posted July 09, 2008

HeatherWood

Overall very nice and informative, but I did find the last section a bit too long... :) Still a very good lens - 4* rating from me!

Posted June 23, 2008

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4x4ever
I have a degree in Computer Science and a 10+ years successful career as a software developer, having worked for a number of local and international companies rangin...  more