Forex AutoPilot is one of the most popular automatic Forex trading softwares today. Just to fill in some blanks: it was created by Marcus Leary, a veteran trader who decided to take his knowledge and turn it into a program (not a bad way for him to make an extra income, huh?). The result is the Forex Auto Pilot system.
But no review of ForexAutoPilot will be adequate without listing the pros and cons of this software. I hope this will help you make a more informed decision about it which will result in a better Forex trading experience for you.
Pros:
* ForexAutoPilot can trade automatically for you so you can basically make money even when you're not in front of your computer screen
* It can work with any Forex pair
* It provides result for many of its users. The system isn't 100% foolproof, but it does have a good success ratio
* It saves you a lot of time because you no longer need to monitor the markets
* Works on Mac and windows both, though to run it on Mac you need to install another (free) software.
* It takes out the uncertainty from the actual trading process
Cons:
* One of the drawdown of Forex AutoPilot is that some people find it a bit difficult to install. I provide a link below where you can get a user manual which answers most of the questions, but I just felt that it was right to mention it here
* Forex Auto Pilot works on the Metatrader4 platform only. This is probably the most popular platform in the world so you're likely using it already. If you're just starting out, I recommend using this platform.
* Does have a learning curve. Even though this system can be used by newbie traders, it takes a little getting used to, so expect to have 2 weeks of gradually getting to know the software better and becoming more comfortable with it.
Overall, ForexAutoPilot reviews tend to be positive. I hope this article has helped to inform you more about this tool.