Forex Automoney: What Is Forex Automoney

Forex Automoney is becoming a term in the Forex Market

, which means that an investor with no prior knowledge in the Forex market is able to trade in the market like a professional. The investor receives signals to Buy and Sell currencies" pairs, and based that he trades in the Forex market. Not farther knowledge about the fundamentals of the Forex market is required.

Usually you can check Forex Automoney review to find out more details on the membership club planes. In overall the client pays monthly fee, and in return he gets the trading signals. There are different versions of such service, some companies offer a trading robot, which is basically software that gives Buy and Sell recommendations for a onetime payment.

There are also some differences between the techniques that companies use to provide their forecasts. Some companies hire expert staff which analyzes the market fundamentals, world indexes ect.. and based on that recommends a certain positions. Some companies base their forecast system on various technical analysis tools, which often called "robots". Most of the robots don't base their forecast on fundamental analysis.

Due to the top secrecy each company keeps its own algorithm to itself, it is very hard to compare between the companies" forecasts performance based on historical data. In order to examine which company provides better forecast, one should track online their recommendations for quite a while, gather all the information about their recommendations and the market prices during that period of time, and then it will be possible to have more scientific opinion, rather than rumors, as it often happens these days.

A team of Finance MBA graduates took the challenge of finding the best forecasting company. Read farther research results on http://www.forexautomoney-review.com.

From Michael Kahiri - MBA in Finance and Trading strategies.

by: Michael

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