Is Auto Forex Software Any Good?

[forexnewb1]

Hi everyone, i`m new here. Need money soon as i quit my job. I`ve been looking into automated Forex software (like Forex Autopilot, Forex Tracer, Killer etc.) and was wondering if it is any good? I have a few friends who swear by it, but i also hear people saying it`s rubbish.
Need help soon! Thanks.

[pipish]

If you made it, and it worked.....why would you sell it?

[Yarcofin]

Originally Posted by pipish

If you made it, and it worked.....why would you sell it?

If you won the lottery, why would you still work? Maybe it works just fine, but they don't have enough capital to actually get started with, they need to sell the system to get the money to invest in forex themselves.

[pipish]

If they "know" it works.....why not use leverage? cant go wrong if they use proper money management.

[mytwopips]

Originally Posted by forexnewb1

Need money soon as i quit my job.

Now thats a contradiction in terms.

Go to BP school. Learn as much as possible. Start slow, start small. Go ask you boss for your job back. In a year, maybe you will want to tell him to shove it. Good luck. I look forward to hearing more from you.

[mytwopips]

Originally Posted by pipish

If they "know" it works.....why not use leverage? cant go wrong if they use proper money management.

This thread has a theme.

Your whole post was a contradiction in terms.

[mytwopips]

Oh one more thing.

From what I can understand, but can not prove, all marketed ea's like the examples you gave martingale.

This means you will have excellent returns for days, weeks, maybe even months. But one day you wake up to a blown account.

[nzpenny]

Originally Posted by forexnewb1

Hi everyone, i`m new here. Need money soon as i quit my job. I`ve been looking into automated Forex software (like Forex Autopilot, Forex Tracer, Killer etc.) and was wondering if it is any good? I have a few friends who swear by it, but i also hear people saying it`s rubbish.
Need help soon! Thanks.

My help for you is get another job. Learn forex in your part time. You will never be a successful trader if you are desperate to make money to live. In the beginning you dont need to pressure of that.

[steffim008]

I have seen many offers on forex softwares. I dont think they will help us. You may be desperately asking this question to make money, but even I passed all these stages but of no use. Learning forex trading is the option in Online Investing and forums like this will have enough information.

[mtandk0614]

If you want an EA that shows good back test results...I can give you one. I wrote it as a learning experiance....hey I can even make it sound like its a "sure thing" wanna see.......................

My new Test2 EA is the most amazing this you have ever seen.
Are you tired of following trading tips just to find out that your account has blown up ? Then you have to read this:
"blah blah blah" - testimonal.
Now are you ready to get on the fast track to making money?
What if I told you all you have to do is download a program, attatch it to any currency pair on your MT4 trading platform, adjust the time to 1H and thats it, you will be rich in no time.
"blah blah blah" - more testimonal.
But Wait...you don't understand money management, or risk assesment...of course you don't. That would take time to learn and who wants to invest their time to make money? I know I don't.
"blah blah blah" - even more testimonal.
So here it is...for the low low low price of free...that right totally free you will never pay a penny(after a $100 purchase).

Ok, enough of that...honestly, if anybody makes the prefect EA...why would they sell it?

I would say no to the EAs....learn to trade, and if you dont have alot of time to trade, thats why you want an EA...there are plenty of ways to trade using about 10-30 mins. per day.

Happy Hunting