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Forex Autopilot System – Is it serious?

In Forex trading, technical analysis is often used for decision making. The logic is simple – trading patterns, and mass psychology don’t change often, and therefore conclusions can be made according to charts.

Using only numbers for making decisions is controversial, but has a serious reputation. Some people use only technical analysis, others only fundamental, and many many forex traders take both into consideration.

For those that use only technical analysis, only the numbers matter. And if only the numbers matter, then why not harness technology to make decisions? Autopilot software doesn’t only help in making decisions, like Forex signals, but also executes them.

Now, an automated Forex autopilot system that makes money for a forex trader without making him actually trade, sounds fantastic. Doesn’t it? You just unleash the automated forex software, and check your bank account to smell the money.

I found it a little bit too good to be true, so I’ve searched the web for various terms: Forex Autopilot, Forex Autopilot System, Forex Autopilot software, etc. In an initial search, all I found was websites promoting such products. Searching further, I found blogs that looked like they were seriously examining different providers, but actually satellite sites of those providers.

I couldn’t find genuine, reliable and trustworthy data about such providers of forex autopilot systems.

In the following weeks, I plan to check these issues more seriously. Since I don’t work for any provider, my reports will be genuine, and I hope they will shed a light on such forex software.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.