Forex Autopilot Reviews - What The Others Do Not Reveal

Forex Autopilot, the new automated forex trading software, appeared in the marketplace earlier this year, developed by Marcus Leary. At once, Forex Autopilot reviews started appearing all over the internet. Most of them said it was great - but like all of us, they are on commission. So what is the truth?

The Forex Autopilot software may raise suspicions because it is marketed as a total solution for the lazy ordinary person who wants to make a lot of money without doing any serious work or training. All he needs to do is put in a couple of clicks of his mouse every now and again while he sips at brightly colored cocktails on a tropical beach. We have all heard this before and it makes us wonder if this is a Forex scam.

However, Forex Autopilot is sold by the reputable online marketplace Clickbank, which is a definite point in its favor. Any product that continues to be listed by Clickbank for several months is not going to be a scam. Plus, they operate a money-back guarantee which is not controlled by the product owner (Marcus Leary) but by Clickbank themselves. This means if you have a complaint within the guarantee period, Clickbank will refund you and recover the money from the product owner. So you can rest easy on that question.

So how skilled do you need to be to make money with the Forex Autopilot software, and how much time does it take?

I am sure that theoretically this Forex autopilot robot could easily be managed by someone new to Forex trading. Anyone with basic computer skills should be able to set it up. You don't have to do any programming and the instructions are clear.

After that, the difficulty you are likely to have with this automated Forex trading system is that you will want to spend MORE time on it than you should. Constantly watching and fiddling with the settings is probably the worst thing you can do. From this point of view the totally ignorant person might be the ideal user.

However, it will obviously be better if you have some background in either Forex or other types of trading so that you understand the risk taking mindset. The number of losses is minimized in the Forex Autopilot software, with 93% to 96% profitable trades reported by different sources. This is great, but of course it means that when a loss does happen, it is bigger than if you were accepting small losses more frequently.

This profit:loss ratio means that a person could be unlucky enough to hit a large loss very early and have their funds wiped out. This could be catastrophic for an unprepared beginner who might lose their nerve and quit without giving the software a chance to make up the loss.

Obviously you are advised never to risk more than say 20% of your available fund at one time, so that even such a loss would not break the bank by any means. However, for a beginner it is very important to get used to the ups and downs of trading before risking any real money. For this, the Forex Autopilot software offers a demo mode.

The combination of the demo mode and the no-questions guarantee mean that it is possible to try out Forex Autopilot software with no risk at all. Simply run it in demo mode on the real life market for a few weeks. If it fails to impress, ask for your money back within the 8 week guarantee period. But if it performs well, you could go ahead and risk some real money.

To discover more about the Forex Autopilot trading system click on the link. And here is the coupon code that you will need to get yourself a 75% discount: 75off

Forex Autopilot review by Malcolm Davies.