Forex Autopilot System Review
The "Forex Autopilot System", or FAPS for short, has been on the market for quite some time and has held the titled of the top selling Forex trading system for awhile man. The product name tells you exactly what it's designed to do; it trades on autopilot (using the trading platform MetaTrader4).
You may have seen FAPS on television (both infomercials and on the news), online, in newspapers; it's pretty much everywhere now. Marcus Leary (the creator) used to be a Forex trader employee before realizing there was much more money to be made going solo. Why is this important to know? 'Cause now we know we're getting quality information for a credible source; that's what we're all about baby. I'm not investing $100's or $1000's using a system or advice given by an amateur, I don't think you would either; it's just not smart.
There are a couple other points I want to make that are important but right now I'll try and focus on how it actually performs; sometimes I ramble on so just in case that happens I want to make sure I get this part typed out (after all that's why you clicked this article... see I'm doing it right now).
I rocked out on the demo account (more on this later) for a couple months and I made a profit of just under $500 (yes just, five-hundred dollars). If it kept that steady pace (though the market can change anytime) I'd make about $3000 extra a year; not great in my opinion. This was completely on the default settings. One thing that bothered me A LOT was there was no stop-loss with the default settings (stop-loss orders prevent additional losses if a price goes against you), I can't for the life of me understand why.
Before giving you the verdict I want to explain what the demo account is. Basically you can play the market with play money using this trading system to see if there is any profit to be made and how much. The advantage YOU have with this is when you combine it with the 56 day money back guarantee. What you do is try it for 54 or 55 days using ONLY the demo account; if you see there's profit to be made you keep the system and invest your real money. If you see there's no profit to be made or substantial loss you get your no questions asked refund and try a different trading system. See, now you have the edge.
Overall you CAN profit with this system, no question about it but the fact there was no stop-loss by default makes me want to say try something else. If you have no Forex trading experience at all I say look at another system. If you know the very basics of Forex I say give it a try.
For reviews of the top three Forex trading systems, including the newly released Forex Tracer, click here: http://forex-tracer.the-perfect-solution.com/
Tags: system, forex, trading, trading system, forex trading system
