By: Craig Abbott -
Product Overview...
Forex Tracer is an Expert Advisor system that trades forex for you automatically working for 24 hours a day.
Product Claims...
"Creates & Trades Forex Signals On Autopilot "
"No Human Intervention Required "
"Lowest Risk - Highest Returns!"
"Absolutely No Experience Necessary"
"Can Be Tested Without Any Risk Or Capital! "
Our results...
Over the 4 weeks we tried Forex tracer we had rather mixed results. In some instances it made a few great trades bringing in some serious money, but it unfortunately landed up losing it all on the very next trade. This isn’t to say that the programme is bad, it just means you have to keep an eye on it, and intervene if you see it doing something it’s not supposed to. Obviously, this would require a bit more work from your part, but at least you can still stop yourself from losing money. In this sense, it’s not a completely automated program and thus the reason for my very first statement.
Once again, they offer a demo account and you are able to try it out. However, I did not see any money back guarantee on this one. Perhaps it may require a bit more investigation, but at least you will be more informed before deciding to go for this software. Other than the manual intervention every now and then, it’s a great overall package to go for and can still see you make the big money, provided you do your homework and you play “big brother” to make sure all or most of your trades are profitable.
Our verdict...
Forex Tracer is not the perfect trading system, but it does offer some positive features. The problem is with its consistency. On our demo account it made huge gains and almost in the next breath huge losses. If you are an experienced trader you can probably use this to your advantage and pull out at the right time, but this will involve some manual work on your behalf.
At $297.97 we would have said to avoid Forex tracer but at the reduced price of $137 it's definitely worth a try...
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