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Saturday, November 1, 2008

Forex Autopilot System - Beware of Some Claims About This System

By Alex Cadens

When you seek for information about the Forex Autopilot System, you will find the most varied claims, as some say that it will make you rich in a month or a week, or that it will never place a losing trade. I may agree up to some point that the Forex Autopilot is a generally accurate system and therefore you can make money by using it.

But I disagree with those who want to make us believe that the Forex Autopilot System is infallible, or with those who say that it will make 99%-100% winning trades, as this is totally divorced from reality. First of all, the developers of the Forex Autopilot System claim a performance of 96% winning trades, so the truth has to be somewhere between that percentage and a lower figure.

My personal record with the Forex Autopilot shows that it will have good and bad days, something I know even an expert trader would have. Certainly, during the first three months with the system I got 112 winning trades against 3 losing ones, but then with all the economic turmoil around the world the fourth month was really terrible, but still it managed to make a profit. Over the last few months the Forex Autopilot System is back to its early performance, but the truth is that it will occasionally get it wrong, make no mistake about it.

Therefore, if you are thinking about getting this system do so, it will make you money, just be aware that it is a good performer and not a perfect or infallible one. Indeed, the Forex Autopilot will always make more winning trades than losing ones, so a monthly return of about 30%-60% on your investment is an honest and realistic expectation, as some months it may deliver 130% while others only 10% (which is not bad).

By trading with small lots, you can turn a small investment into double the initial amount in about five months, but you will not make millions overnight that is for sure.

My advice to anyone who asks me about the Forex Autopilot System is get it and get feel of what it does, which is basically a risk free task because you will get an eight week money back guarantee and the system can be used in a demo account, meaning that if you do not find it useful you can get a refund and end of story.


You will get some insightful information about the Forex Autopilot System at this site: http://www.specialonlinebusinessreviewauthority.com/best-forex-trade-systems.html.

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