Tuesday, September 30, 2008

My Opinion of Forex Autopilot

By Linda Galla


It's a well known fact that trading in the forex market can be an excellent way to make money. Anxious to participate, I was inspired to start searching for a way to learn all about this market and how to trade it. But after long hours of crawling thru websites too numerous to mention, reading and getting thoroughly overwhelmed with the likes of technical indicators, moving averages, support and resistance, MACD, stochastics and Fibonacci retracements, along came Forex Autopilot.

Forex Autopilot is an Expert Advisor, better known as an automated trading tool. It's ideal for people like me who really want to trade Forex, but lack the knowledge, experience and courage to do so in an intelligent manner. I like it because it's a set-and-forget program that was built upon some technical rules, that sits on your trading platform and does your trading for you.

The product was relatively new when I first purchased it, which meant that all the kinks had not been worked out yet. The Forex Autopilot product itself was not the problem; it was a combination of the dreadfully poor and sometimes nonexistent support, along with the documentation, which appeared to be the creation of a foreign-tongued technical-type-person. I mean no disrespect, but this was severely lacking as a how-to manual. I was without fingernails and completely hairless upon completion of the product installation.

Fortunately, I happened upon a user group that was started and run by just about the finest person I've ever had occasion to know. And that person is Charles Floyd.

Charles, an experienced trader in his own right, and extremely knowledgeable about computerized trading and the Forex Autopilot, formed the user group as a means of providing support, guidance and education to the Forex Autopilot users. Over time, this group evolved into groups providing different levels of support, as well as having a members website.

Along with the user groups, there are chatroom meetings, where members can interface with Charles as well as the program creator, Marcus Leary. Assistance is also available for those having problems with installation or with the settings. And I speak from experience when I say that he will personally call you on the telephone if need be to help you solve a problem. Charles then formed a mentoring group, providing education about the Forex market itself as well as trading techniques.

One of the first things you'll learn from Charles is that in order to trade intelligently and successfully, you have to have a trading plan. Trading without a plan is like jumping out of an airplane without a parachute. And you'll hear this over and over from him, too. That's why he started offering trading plans - customized to any account size - a stellar money management tool.

Personally, investing in the Forex Autopilot was one of the smartest things I've done. Would I recommend it? Let me put it this way: I've never been an evangelist, but this product could prompt me to rent an airplane and skywrite Forex Autopilot Rocks across the south Florida skies.

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