I like to take a different approach. Right up front, I will tell you that I do have a website that offers the Forex Tracer. I also offer other programs. To be quite honest, there is not much difference in the long term performance of the better Forex software out there. If you stick with the higher listed systems, like Forex Tracer, Forex AutoPilot, Forex Trading Machine, and a few others, you will get about the best you can get from an automated program.
These programs are aimed at the novice trader, those who do not want to actually learn how to trade themselves, and those who do not have time to monitor their computer screen and watch the market move all day. If you fit into one of those categories, then Forex Tracer, or one of it's cousins, could serve your purpose. But don't plan on retiring next month based on that.
A little about Forex Tracer specifically. It was developed by an expert team of mathematicians and professional Forex traders, and was tested over an extended period of time. The results were exceptional, and this program was launched. It has produced quite well for an automated program, and has very good reviews, although most reviews posted online are not necessarily from customers, they are usually from people selling the program. Of course they will be good reviews.
You can find actual reviews, and some negative. What the point is here, is that for an automated system, this is a good product. Overall, however, you must understand before putting your money on the line for trading any market, you need to understand the rules. Your money is at risk in Forex, you WILL have losing trades, and do not trade with money you can't afford to lose.
I don't want to scare anyone, just make sure you go into this aware of how it works. The dangerous thing is not knowing the Forex. You can definitely make some money, but if you are brand new, looking to get rich in a short period of time, this is not the way to do it. Now I do recommend, with a relatively small investment capital, for a new Forex trader to use one of these programs to get a feel, try it out. It can be fun, and nerve wracking at the same time, but you won't buy the farm doing that. For this, I recommend Forex Tracer, or even one of the others I mentioned above. For about $100, and a money back guarantee, you can't go wrong here.
Now, for those looking to make real good money, or those who would like to make a living at this, I recommend taking a Forex course. If you are serious about making excellent returns, and not just pulling in $100 a month (or visa versa!), then a top quality forecast service will do you well. Be careful though, as there are hundreds of systems and forecasts that can assist you in emptying your bank account.
I have done extensive research in this area ( as I like to trade, but do better with a forecast!), and have reviewed a few of the best automated programs on my website. I have not found any Forex forecast service that can even come close to the one I use, and therefore do not even mention any others.
Take a look for yourself at ForexTradingExpress.com. You can get a lot of free information as far as learning, but don't be fooled...a real Forex course can actually teach you HOW to trade, which you can't get with the free information.
Good luck, and may all your pips be profitable!
Mike Spiro is a Forex trader and marketer, and has been involved with marketing, management and investing in many areas since the mid-ninties. He has studied in depth Forex courses and trading systems behind the scenes with some of the industry's top traders. He is currently doing research and reviews on trading systems for recommendations through his website at. http://www.ForexTradingExpress.com
You may visit his blog at http://forextradingexpress.blogspot.com
