Here Are My Experiences With Forex Automated Trading Software

A number of traders have asked my opinions on forex automated trading software or that software which automatically places and ends trades for you in the forex market. If you're interested in supplementing your existing income, this is what to think about and know about forex automated trading software based on my experiences with it.

Two years ago I found myself in a situation where I was desperately looking for an opportunity for self employment. I'm sure you know that just from typing in making money online or work from home on any reputable search engine you'll get maybe more returns than any other phrase. This makes sense because anyone who enjoys their computer and using the internet would on top of that love to be able to make money doing it. Being a naïve "noob" as they are called, I fell for a handful of get rich quick schemes before landing on the forex market.

This seemed to be a reputable oasis of sorts from the majority of scams and lemons out there. On top of that, the forex market especially attracted me because I admire any opportunity which you can take pride in. The more you put into learning about the forex market and studying the market, the better you will do. My college roommate's brother also clued me into it one night when I was visiting and told my former roommate and myself of how well he was doing.

My roommate who was himself in a similar situation in need of money and interested in working from home and I together decided that we would give the forex market a serious go. We checked out a number of books on the subject, traded bookmarks for learning sites we would come across, and basically turned preparing for this new career of ours into our day job. We both registered online for forex demo trading accounts and began trading with virtual money. We shared advice and "tips" with each other and after a couple of months we both found ourselves with a decent number of winning trades under our belts. We were ready to make the jump into real trading.

I threw down a few thousand dollars and eased into the market, making only small trades here and there. I was overly cautious at first, but I was gambling with my life savings at that point so I suppose it made sense. I slowly grew more confident and made a bit more money, at least enough to live on. I wasn't looking to get greedy and risk it all at that time.

It was about this time, several months in and about a year ago now that I heard about forex automated trading software. My friend and I asked his brother his advice and he admitted he had never tried it. Eager to have an accurate signal generator on my side to put my mind at ease, my friend and I decided to try the products which looked to be the best in the market. As they all offered money back guarantees, I figured what's the harm in testing them out. Well, a handful of these programs were utter garbage, sloppy interface and all. To make matters worse, it was a headache trying to get my money back on a couple of them.

We did, however, find a couple of winners in the pile of lemons. When I say winners I mean I nearly tripled my profits in my first month of implementing a couple of these programs. I ran their signal generators against each other and used that average to trade with and it worked like a charm. These programs offer free constant updates so they are constantly getting better.