I was browsing the web today and came across a post on one of the Forex blogs. The post at fxrobots states about how someone who has been trialling Forex Funnel on the demo account has had poor results while trialling Forex Funnel (the Automatic Forex Trading software that we’ve reviewed here).
At first this seems worrying to anyone researching into Forex Funnel. However, one becomes less worried when reading a comment on the blog post that says the following :
I think the main problem you had was not sticking to the directions. I only say this because I’ve been testing FF for a month on a $10,000 demo account. So far it’s made $4,200 profit….
… Also that day you made your worst losses was the same day mine made a few if I recall correctly. I think that was actually an “event day”, as in something major was reported that day. FF actually recommends to not trade using FF on those days. Also your trading lot size was too big. Why don’t you give it a shot on your demo account and actually stick to their guidelines?
In other words, the blogger has said that Forex Funnel would be losing him money if he was doing it for real, but at the same time he’s not following the exact instructions – granted he has his reasons for doing this, but this brings me to a point for anyone considering buying Forex Funnel.
So what’s the moral of the story here? Quite simply, when you are doing automatic forex trading with autopilot trading software, you simply MUST stick with the directions that the publishers give you.
Why is this you ask?
Well, each program is setup to trade on the market in a very specific way. Automatic trading is based on specific trends and designed to trade in very specific manner. So for example, setting your trading size differently to what is recommended could see you damage your successful trading.
Obviously if you’re an expert trader then trying these differences is probably ok … but for those starting out in the market, stick to the software guidelines – they’re there for a reason!
I still believe that Forex Funnel can generate good returns if used properly. Read our Forex Funnel Review.
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