Top Automated Forex Trading Software Reviewed

The great thing about trading Forex is that you can make money regardless of the Economic cycle. While the stock market might be falling in value, currencies continue to move up and down relative to each other. There is constantly opportunity to make a profit.

Up until recently, it was also pretty expensive - the only way to trade Forex was to spend a lot of your own time, money and effort in learning how the Forex world works, or hire an experienced trader to do the work for you.

Luckily, the last twelve months has seen a crop of low cost automated Forex trading software, which legally allow to trade Forex, and with little or no Forex or computers knowledge required.

We decided to sit down and review these new automated Forex trading software - our key criteria were ease-of-use, return on investment, affordability, and ease of implementation.

Overall, we were pleasantly surprised with the results - the technology evidently does work, and if you pick the right Forex trading software, you could be up and running in less than an hour.

We reviewed 12 Forex trading software - only 3 met our criteria:

Return on investment: Money making potential
Ease of use and implementation: Should create & trade Forex signals on autopilot, No human intervention should be required
Should have no limitations: should work in any country with any metatrader 4 broker and should have "Demo" account which can be tested without any risk or capital

Our Choice Forex Tracer

Forex Tracer

Rating 9.9/10

Features
Ease of use
Effectiveness
Customer Service

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"Still the best Forex trading software in 2008..."

Forex Tracer, by far, is easiest-to-use software we came across - our own experience says you should set aside maybe an hour to get fully installed.

Forex Tracer is the only software that assumes absolutely no knowledge of Forex trading or computers. Designed to be implemented by even the most technically challenged, the system is a "‘set and forget" program that requires NO human intervention. All that is required is a basic internet connection and the ability to follow the simple setup procedure, everything else is done for you! And there is an unconditional 8 weeks money back guarantee.

Best of all, the software has been developed by a team of seasoned trading experts who have incorporated all the years of trading knowledge into a simple to use system.

Instant download - offers immediate access to the software once you have paid. Demo account is available.

August 2008 Update: there is now a promotion running on the site, and it is temporarily available for $97.00 instead of $299.97 - as such, we recommend ordering sooner rather than later (You'll also get $100 bonus towards your MT4 account).

The Verdict: Fast and easy setup; works for complete Forex novices; lowest risk - highest returns - our top pick.

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Rating 9.2/10

Features
Ease of Use
Effectiveness
Customer Service

Highly Recommended

2. Forex Autopilot

Our second pick - Forex Autopilot- uses the same technology as our top pick - and again, we were impressed by the fast support, money-back guarantee and low setup costs.

Forex Autopilot software includes two bonuses (Non Farm Payroll Robot Add on, and Ultra Trend Robot) arguably worth the cost of the software on their own.

All in all, its a great package for very little. So why only four stars?

Well, perhaps we were spoiled by our top pick, but we found the directions a little harder to follow - and since ease of use is so important, we decided to knock off a star.

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Rating 8.1/10

Features
Ease of Use
Effectiveness
Customer Service

Also Recommended

3. Forex Raptor

Forex Raptor is our third and final pick, and it actually includes support for PC and Mac.

The difference between this and the other two sites was small, however - my support ticket was not responded to as fast as other two. A full, hands-on support system is vital if a relative "Forex novice" is to install the technology, and here unfortunately it just wasn't there.

Again though, with the 100% money back guarantee and similar features to the other 2 software systems, a great option for any forex trader.

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