Forex Automoney is service that provides buy and sell signals for trading currencies or forex. Forex trading is popular because it allows individual to trade for profit with a relatively small starting amount. The online forex universe is also full of companies selling products or services that earn them a lot of money without doing any forex trading themselves.
Features
Forex Automoney is a service that provides automatic forex signals when to get in and out of forex trades. The service's website claims that you just have to follow the signals provided and click on the trades to make thousands of dollars every day. The company's slogan is "Just Click and Make Money." The service can be tried for a three-day trial that costs $4.95. After the trial period, Forex Automoney costs $99.90 per month.
Significance
There are a lot of websites promoting Forex Automoney. This is because they get paid by Forex Automoney when new subscribers sign up through the company's affiliate system. Forex Automoney pays affiliates 50 percent of a subscriber;s monthly premium for as long as they stay on the system. An affiliate earns $600 per year for every person that signs up for Forex Automoney through the affiliates recommendations and links.
Considerations
With most of the websites discussing Forex Automoney getting paid to send subscribers to the service, it is impossible to determine if the online advice has any value. Someone who is considering the service should not consider the online advice to be free of bias. Linked below is an unflattering review of Forex Automoney. Remember, any website that links you to the Forex Automoney sight probably earns a commission if you sign up for the service.
Warning
A recurring thread on the forex trading forums is how difficult it is to disenroll from Forex Automoney. Once you are on an automatic plan to pay the company $100 per month, they make it difficult to cancel a subscription. Before signing up with any trading advice service, including Forex Automoney, it is a good idea to read the cancellation policy and get a phone number and address for the company where it can be reached.
Potential
It is possible to profit by day-trading in the forex markets. The only way to find out if the Forex Automoney system works is to sign up and try it out. It is probably not as easy as the company's website claims. According to Markus Heitkoetter, professional trader and author of "The Complete Guide to Day Trading," only 11 percent of traders are able to be profitable.
Source - eHow
