Does Forex Loophole work ? Especially for Newbie ?

Question

I am just learning about forex trading and I feel like there's no end to learning. So I'm keen to try autopilot forex trading.

Answer 1

Forex loophole, I believe, is "okay" but nothing special.

If you're looking to start trading automatically, then I recommend using Forex Autopilot (it's what I use). I found it at this site: http://www.fxsystemscompared.com/rev_for...

Essentially, it's a nice piece of software which you just need to input a few numbers and it then does all the hard work for you and shows you when to trade, etc.

It's great - I earned 600 pips last week.

Hope this helps?

Answer 2

At first, I was rather skeptical about all these autopilot forex trading software. It was hard to think that after spending so much time learning the forex trade, I was on level ground with the newbie.

But, after I tried a few out, I admit that these autopilot forex trading software programs are useful and do give some profits on autopilot.  However, if you are a newbie, although the setting up is easily, you may make mistakes due to being inexperienced and could end up making losses.

I have tested Forex Loophole on paper for 5 days.  Results using Forex loophole are good but I need at least a month before I will actually trade seriously with my money on autopilot using forex loophole.  That way I feel i have better chances to make money.  

Based on the claims of the creators, it has been tested but it is better to test it yourself first.  

Answer 3

Still not decided to purchase  Forex Loophole yet but I have seen my


friends try it out at their work place.   They seem quite excited with the


results.   Learning curve seems very good.

http://djgl.com/ccd1ac

Answer 4

I know about Metatrader, but not Forex loophole. Anyhow to receive our buy/sell signals go to http://finance.groups.yahoo.com/group/fr...

Answer 5

Never heard of Forex Loophole.  But anything that tells you to trade on "autopilot" is a scam.  You will eventually lose your money if you are not continually looking after it.  There's no easy way.

Answer 6

I don't know about it, but if you are about learning then this free software will be suitable for you.

i tried it and is really amazing, you can download it free at:  http://www.voocash.com

Good Luck!

Answer 7

Have been testing out for a week.  Good on paper but probably too soon to give a verdict.  

Probably good for newbie but you do have to be careful of risks.  Learning curve is OK but you still can't do blindly as going in and out of trades is just one aspect of forex trading.  Risk management is most essential.

Answer 8

I never tested this one. If you'll try an autopilot system, you probably should start by testing the EA on a demo account so that you don't risk your money while you're getting familiar with the system.