Forex Automoney Review

Let's cut through the ole' crapola. There are a ton of scams online. If I had a nickel for every time someone got scammed online, I'd almost be as rich as these scam artists. The internet has a lot of good things going for it, but unfortunately its a double edged sword. You have countless companies promising you that you'll be the next millionaire if you just buy their product. It's quite disgusting.

But everybody will get caught with in their hand in cookie jar. It's inevitable. It happens to all of us. We all want a piece of the good life and these companies are making promises that they just can't deliver. it seems like the only ones that are getting rich are the companies selling this garbage.

I think there is one genre in particular that really epitomizes the word scam. That's the forex market. Well.....not so much the forex market itself, but the forex courses, software, signal providers, etc....... that promise you the world. There are so many countless, junky products and services geared to the forex trader that it will make your head spin! Unfortunately, I speak from experience.

When I first began trading, I must have a fallen for every single gimmick you can think of. I heard all the stories online about people becoming rich trading forex, and naturally I wanted to be a part of it (who wouldn't?). I have purchased tons of software, trading systems, trading robots, signal providers, and they all promised the same thing: They couldn't miss. Well...........guess what? They did.

What was even more frustrating about buying one product after another was the fact that, after buying all this stuff I still didn't feel like I was learning anything. So not only have I been spending my hard earned money on all these terrible products, but I wasn't growing as a trader.

I remember the first time I heard the fact that 95% of forex traders are losing money. I guess, in a strange way, it was good news because I didn't feel alone in my struggles. I was part of the majority. A majority of which was losing money. As relieved as I was knowing that I wasn't alone in this, it didn't change the fact that I was struggling and that it almost felt an impossible mission to be part of that elite 5%.

I needed help. I hated my job, and I dreaded going to it every single day. It was like torture. I envisioned people trading from the comfort of their own home, and making a living. Meanwhile I had to drag myself to a job that I hated just to make ends meet. I had visions of myself doing this kind of work until I'm 60. I couldn't imagine doing that for the next 30 years, and keeping my sanity at the same time.

I ended up buying A LOT of forex products

This is really embarrasing for me, but I bought a lot of crap. I felt like I tried every single "can't miss" forex product that was on the market. If you can think of one, chances are that I purchased it. Just off of the top of my head, here are just some of the "can't miss products" that i tried:

• Forex Autopilot 
• Forex Killer 
• Forex Tracer 
• FAP Turbo 
• The list goes on and on......... 

I don't think I have to tell you that I wasn't exactly blown away with the results that I was getting. If someone forced to me pick one that was the best out of that bunch, it would probably be Forex autopilot, but that's not saying much, either.

I think the best week I had, I ended up making 200 pips. But the average week, I ended up losing about 300 pips. I was becoming extremely frustrated with the whole idea of trading the forex market. Even though I knew most people were not making money in forex, I felt that there had to be some people out there (in a galaxy far away) seeing success.

I don't know if this was just false hope or wishful thinking, but quite frankly, whatever hope I had, was fading fast. The saving grace was that I ended up making some trading friends.

I met them through the forex forums. We sort of confided in one another as to what was working and what wasn't working. It was nice to be able to bounce some ideas off of other people. But just because we had each other, doesn't mean we were seeing any kind of success in our forex endeavors.

But even the group was wearing thin on me. I was just completely burned out on the idea of forex, that I just wanted to put it on the back burner for a while. So I told the group, "Sorry, guys but I need a break".

They tried to talk me out of it, but I wasn't having any of that. So, I took a month off from all things forex. I didn't go on any forex forums, I cancelled all my newsletters, I didn't even pay attention to the currency prices. It was kind of nice for a change of pace.

It was like taking a break, or going on vacation, even though I was still going to work. 

The Famous Email

One day, while I was at work, I get an email from one of the guys in my old forex group. His name is Eric. At that time, it had been about a month, since I decided to take a break from forex. In the email, he writes about this new company that he was using called Forex Automoney. He wrote that he had been using them for about 3 weeks now, and he had made about 500 pips. In the email, he told me to check it out.

Surprisingly, considering how much money I spent on forex products, I had never heard of Forex Automoney before. To me, that wasn't a good thing. I was kind of an authority on forex products (not by choice), and the fact that this never made it to my radar, couldn't be a good sign.

It also didn't help that I was so extremely pessimistic about anything to do with forex. I've been burned so many times before that I had turned into a cynic.

I went to the website, and sort of unenthusiastically took a look at it. In the back of my mind, I was like "Ok.....it's just another one of these can't miss products." I saw that it was a forex signal provider. I saw hat it had a good track record. I saw that it traded all the currency pairs.

Basically, it just mentioned what the service was about, and it all looked good. But that's the problem, though. All of these kind of sties look good. There is a reason for it. They are trying to sell you something. They are going to tell you exactly what you want to hear. Do you think they are going to tell you "hey, we suck"? Of course, not. Every product I ever purchased said the same kind of thing. So, I closed the website, and went back to work. Honestly, I didn't really give much thought to it.

That night, while I was at home, just surfing the internet, I get a skype call from Eric wanting to chat. I knew what he wanted to chat about, so I was a little hesitant to answer, but I did. We exchanged pleasantries, made a little small talk, and eventually he asked me if I tool a look at Forex Automoney.

I wanted to change the subject, because I really didn't want to talk about it, but I think he sensed that, and wasn't having any of that. He wanted to know what I thought of it. I was kind of aloof. I told him "ah.....geez......I don't know." He said "I know your hesitant, but I've been doing really good." I said, "I know.....but we've been through this before. It never works out in the end."

Just to get him to end the conversation, I told him "Let me know how you do next month, and then maybe I'll reconsider it". I was pretty much lying to him, because I wasn't interested, but it was the only way to get him off the subject.

I thought he'll just forget about this and leave me alone about forex. But I guess I was just being naive. Because right on the 31st of the next month, he emailed me again, telling me that he made 630 pips this last month. Also, another member in our little forex group, Tommy has made 270 pips in the last 2 weeks, since he first started.

At the end of the email, he wrote "so you have any more excuses?" I chuckled a little bit, when I read that. I emailed him back, just writing "Fine, I'll take a look at it again". I knew he wasn't going to let this go. So I went to back to the Forex Automoney website.

$4.95 To Try It Out

I saw on their website that they were (and still are) letting customers try their service for $4.95 for their first three days. That was nice to see.

I kept thinking about all the forex products that I purchased prior to this, and I don't remember being able to try any of the products beforehand, whether it be free or just for a really cheap price. I really liked the idea of paying only $4.95. The three days would be enough to tell me whether service was any good. If it didn't work out, I could just cancel, and I can tell Eric that I tried it at least, and he would get off my back about it.

Even though it was only $4.95 to try it out, and Eric had been making pips since he started using Forex Automoney, I was still hesitant try it out. It goes to show how gunshy I was to try anything that was related to the forex market. I had an imaginary angel and devil on each shoulder whispering in my ear.

I finally just said to myself "ah....let's give it a try". If it doesn't work out for me, I'll be out a total of $4.95. I used to spend a hundred times that amount every month on forex products. If it turns out to be a valuable service, then I'll try it a little bit longer.

So I signed up for the service, and I was ready to get started. Obviously, I was just going to demo the signals, until I felt more comfortable with.

My Experience With Forex Automoney

At that time, I fell into the habit of "jumping to conclusions" very fast. It's a fairly common trait in forex traders, especially the new ones. What this essentially means is that a trading system or method was as good as its first trade.

For example, if the first trade you get a from forex robot is a win, traders jump to the conclusion that they finally found the holy grail. If the first trade they take is a loss, then to the trader, it's obvious that the trading robot is a piece of crap.

Don't laugh, but that's the way many traders think. Are you starting to see why 95% of traders lose money???

Anyways, I told myself that I wouldn't act like this when I was trying out Forex Automoney. So even though, I obviously wanted results quickly, I tried to tell myself to show a little bit of patience.

So that being said, here came the first signal. I remember it was like yesterday. It was to buy the EUR/JPY. The take profit was 80 pips, and the stop loss was 50 pips. The result was....drumroll.................. I lost 50 pips.

i said to myself "Ok.......don't go crazy". This is just a part of trading. Try not to let it affect you.

In came the next signal. It was to short the GBP/CHF. The take profit was 110 pips, while the stop loss was 80 pips. The result was.....drumroll.......................... I lost 80 pips.

It was about this point in time that I felt like calling Eric and screaming at him for telling me to try out this service. I just started and I was already down 130 pips. I wasn't trading for real money so it wasn't that big of deal, but still.... it bothered me.

But I figured that I paid to try it out, so I minus well stick with it. I'm glad that I did, because something interesting happened. I made pips on the next 4 trades. Each one of them hit their take profits. You could imagine I was singing a different tune after that.

But I tried not to be too judgmental one way or the other. That's always been my problem. So I was going to trade all the signals, and after three days, I'll take a look at it, and see if this is right for me.

Here were the results after the three day trial period. I had 11 wins and 5 losses. I ended up netting about 185 pips for those three days.

With those kind of results, I decided to be a full time member. On my first month, I netted 723 pips. My second month, I netted 652 pips. My third month I netted 824 pips.

I wasn't rich, but I was light years ahead of what I used to be. If this keeps up I should be able to quit my job 6 months from now.

The Final Verdict on Forex Automoney

So what's the deal? Is Forex Automoney the holy grail or just another scam? The answer: neither. It is most definitely not a scam. The last 3 months have definitely shown that to me. It is also not the holy grail.

There is a good reason for that. IT'S BECAUSE THERE IS NO SUCH THING AS THE HOLY GRAIL. When it comes to trading, you will take losing trades! When it comes to trading, there is nothing that is going to make you a millionaire in a month's time. It took a while for me to finally understand this, but I really wish other traders understood it too.

I wanted to do this Forex Automoney review to show people that there is something out there that actually helps traders. Now, I may not be making thousands of pips like many other trading products say they do, but last I checked I know I'm making more pips than 95% of all forex traders, and I'm pretty happy about that.

It isn't just that I'm finally making pips. It's a lot more than just that.

I can eventually quit my job. I'm not there yet, but eventually I should be able to quit my job, and trade from the comfort of my own home. No longer will I have to kiss up to the boss, or deal with office politics. I'll be able to make my own hours. I can't even begin to tell you what a great feeling that is.

Overcoming an obstacle. Don't get me wrong. The money I make in Forex is great. But what's almost as great is the fact that I accomplished it. After you have tried for so long, and kept hearing that the majority who try, end up failing, it's so great to know that you are one of the elite 5%. It feels very prestigious. It feels like I'm one of the few people who said they've climbed Mt. Everest.

Try Out Forex Automoney For Yourself

PS: Remember: You don’t have to struggle your way through the market. if you had the same trading results I used to have, and want to find a way to become part of the elite 5%, then I suggest you give Forex Automoney a try.

PPS: Remember that you get to try it for only $4.95. There is absolutely no risk involved.