ReviewMOZ

Forex Automoney Forex Automoney

Editor rating
 
4.0
User rating
 
0.0 (0)

Forex Automoney is a subscription-based program that provides you with information on when you buy and sell on the forex (foreign exchange) market. The Forex Automoney program is broken down into three systems, so you can choose from intraday, daily, weekly, or all three, whatever you are most comfortable with for your investment.

Disclosure: If you proceed to the Product Website and purchase this product from the manufacturer, they will pay us a fee. The opinions offered here are our own and all information is verified as accurate at the time of review.

Editor review

Forex Automoney
Overall rating 
 
4.0
Features 
 
4.0
Quality 
 
4.0
Product Type
Downloadable
Lessons Include
  • Audio
  • Diagrams
Support Types
  • Email
  • FAQ
2008-09-02 14:56:26 ReviewMOZ Editor
Reviewed by ReviewMOZ Editor

Forex Automoney

Forex Automoney is one of many programs designed to do the work for you, sending you updates that provide you with information on when to buy or sell based on intraday, daily, or weekly statistical analysis. Forex Automoney requires a monthly subscription price of $99.90, which entitles you to access their members-only section to help guide your moves on the forex market. Although a great deal of background information is not necessary to use Forex Automoney, it is important that you understand the calculated risks you take when you use a subscription-based program to determine your trades.

Forex Automoney offers a 3-day trial membership for just $4.95 so that you can determine if this program will work for you, but according to their FAQ, you must request cancellation a full 24 hours before your membership is set to expire at any point. We have a feeling that this means most people end up paying for a month’s worth of membership even if they’re not interested, since there’s a good chance most users wait until the third day to try and cancel their subscription.

Overall, we believe that Forex Automoney is a sound service that can provide an inexperienced trader with the information necessary to complete trades on an on-going basis. There is no question, though, that you will need to invest on a regular basis in order to justify the monthly expense required to keep up your subscription to Forex Automoney. So, this service is not likely to be useful for someone who will quickly burn out selling forex.

Detailed Ratings

Pros
• According to the Forex Automoney website, you can get started using their program with as little as $1 to invest, no knowledge of the forex system, and a computer with internet access.
• Forex Automoney is not limited by where you are in the world – it can be used in countries around the world, as long as you have access to the internet.
• Your purchase of the Forex Automoney system also entitles you to access an online manual to help provide some background information on the forex system, including details on using Forex Automoney and signals, FAQ and glossary, and finding a forex broker online.
• Your 3-day trial membership costs just $4.95, so you can test out your abilities with Forex Automoney quite affordably.
Cons
• According to the Forex Automoney FAQ, you must request cancellation of your membership a full 24 hours before it expires, so your 3-day trial membership is really more like 2 days.
• A month’s membership to Forex Automoney costs $99.90, so although you don’t need a great deal to invest, you’re going to be investing quite a bit into this program.
Recommend?
Yes
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Disclosure: If you proceed to the Product Website and purchase this product from the manufacturer, they will pay us a fee. The opinions offered here are our own and all information is verified as accurate at the time of review.

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