Welcome to the Automated Forex Cash System reviews page!
True to its name this software is completely automated. It is designed by a guy who learnt forex trading the hard way. It is easy to install and is one hundred percent efficient in its functioning. For an average trader it takes about 15 minutes to create an account and understand how it works. It works with any forex broker and in all forex markets and is applicable to whichever currency pair you wish to trade in. It just takes 5 minutes to get the software up and running. You are provided with a facility to work on a demo account too, and that is an advantage because you can test this software and see if it aligns with your trading plans.
Automated Forex Cash software has been developed by John Chen. Chen has also been linked to the development of other successful forex trading system’s software like for example “Profitable Trend Forex System” and “Impact Trading Systems”. John is one of those few people who firmly believe that in forex trading you don’t have to learn to interpret Forex charts, technical analysis, and fundamental analysis and so on. On the contrary the creator of Automated Forex Cash trading system software feels it is enough if you have a proven system that works consistently, which is what Automated Forex Cash is all about . Chen’s Automated Forex Cash trading system is precisely meant for the forex trader who doesn’t have time for reviewing the technical analysis of the market.
Automated Forex Cash is 100% mechanical in its functioning. First you have to install the software in your computer. The software package comes along with a step by step installation manual.
If you were a beginner using Automated Forex Cash you could be a bit disadvantaged in the sense you could find it difficult to install the Automated Forex Cash System in the Meta Trader 4 platform. It requires strictly following a step by step process. Remember it works only in Meta Trader 4 platform.
Once you install this software in your computer, it could easily be understood by just about anybody, starting from the newbie to a professional trader. Automated Forex Cash works by generating default Buy/Sell signals. When a “buy” signal is delivered an Up Orange Arrow will flash next to the caption “We have a buy signal” alert along with a sound signal. Next you will see a text alert that will ask you to place your stop loss. When the exit signal for a long trade starts it will show as “Exit our long trade now”.
The best part is that, this software works even if you start trading with just about $250 or so. It is seen that this software when programmed for the 1-hour chart gives the best results.
Automated Forex Cash system comes with an e-book titled “Forex Essentials” that will teach you a few things you need to know about Forex trading. Automated Forex Cash system software costs $97 with an unconditional 56 day money back guarantee.
One main disadvantage of using Automated Forex Cash system software or any other software for that matter is that it doesn’t really teach you anything about Forex trading apart from doing trades automatically for you. So you are not really involved in the trading process and you don’t need to do any analysis, make any decisions, nor monitor the market. On the contrary for the experienced trader, Automated Forex Cash system software is most likely to be just another tool in his trading armor.