Will an Auto Forex Enterprise Work For Me?

By Max Branner

When I say auto forex enterprise, I'm referring to using forex automated trading software to do your trading for you. These programs have gotten a bad reputation in recent years which is ironic considering that now in 2008, 25% of all forex traders are using software and running an auto forex enterprise. This is up from the 18% of traders who were using it three years ago in 2005. The majority of panners of this technology have either gotten burned by one of the lemons in this niche and have grown cynical, or they've simply never tried it.

Well I have tried it, I've tried several programs. Enough to know that yes, some of these programs are downright crap. As the majority of these programs come with full money back guarantees, I indulged myself and tested quite a few. 15 in fact at the time of this article. I now enjoy a decent living from my auto forex enterprise, almost tripling my income in my first month of using it after running a manual campaign for nearly a year.

My favorite aspect of the software comes in the form of signal generation. This basically analyzes and studies trends and changes in the market to predict where it will go next so that you can trade accordingly and ahead of the curve. The most successful programs in this niche have the most accurate signal generators, and through constant updates they stay as up to date and precise as possible. I prefer this over studying it myself or using a forex analyst to do it for me as there is no risk of human error when using the program. I actually run my two favorite and most accurate generators against each other and take their mean which translates into an incredibly accurate system.

It's also nice to know that the program is constantly working for me around the clock which is a must in the forex market which keeps long hours. With stop loss and take profit protocols in the software, I have that added safety net so that I know I'll almost always be on the winning side of a trade and I can have peace of mind without having to keep a constant and vigilante watch over my campaign.

Since I began using my first forex automated trading software nearly a year ago, I have continued to test and review forex software as a sort of hobby at http://www.forexautotradingreviewed.com Please take these reviews with a grain of salt, I recommend that you test each of these products as I did using the 8 week return policy to find which works best for you. As always, happy trading.