Forex Trading Systems | Internet Home Businesses Blog

There’s an old phrase that goes, “To make money you have to have money.” I’ve always thought that was true when it came to investing money. When you invest money, you are basically making your money work for you, and the general rule of thumb is that in order for your money to make more money, you do need to have a considerable amount of it to begin with.

For instance, fixed deposit interest rates are so low, you would need to have a heck of a lot of money in the bank if you ever expected to make enough money from interest to survive on. Even if you wanted to invest in the stock market, you would need enough money to buy the shares. At one stage, you could only buy shares in lots of thousands which usually meant you needed money in to the equivalent quantity or more just to purchase one lot.

It was this reason that I turned my attention to making money through businesses and thought little about investments until I read an article about Warren Buffett. Although I admired the fact that he bought his first shares at age 11, what really inspired me was that he bought a small farm with his savings from delivering newspapers! It was like my eyes were suddenly opened and I realised I had been rather short-sighted to think I had to be earning lots of money before I could start investing.

At that time, I was already starting to make money through my blogs on the internet. Granted it was small money, I decided I was going to start saving that money and put it towards my investment plan to start building my share portfolio in earnest. While I was working on building up my investment fund, I heard about another form of investment called the Foreign Exchange, or rather Forex Market.

In a nutshell, the Forex Market is a little like the stock market, except that instead of buying and selling shares in companies, you are effectively buying and selling money or currencies. Although I knew very little about Forex Trading, one thing I did pick up pretty quickly was that Forex Trading was a lot more risky than trading in the sharemarket. The other thing I discovered was that Forext Trading was not quite as simple as it sounded.

What was great about the Forex Market was the relative ease of opening a trading account and being able to trade online. What was even better was that some trading platforms allowed me to load my account with Paypal. What really sealed the deal for me was that I could invest in the Forex Market with as little as $250.

It became important for me to learn more about how to invest in the Forex Market and while I was doing some research, I came across a few Forex Trading Systems. I tried three programs:

Here’s what I think of each of them after using them for about a month:

Freedom Rocks

What I like about it:

Freedom Rocks is a simple system that works well in the long run.
It requires only a few minutes a day for you to set your limits and then you can forget about it until the next day.
You can login and monitor your trades from any computer, any where in the world.
You can load your trading account using Paypal.
It is a system that is tied in with an MLM program so you can also build it as a business and make money through two sources - as a business and as an investment. Really, what more could you ask for?
You can start investing with as little as $250 in your account.
You can make money through interest on your investment as well - it doesn’t work out to be a lot but if you compare it against a Fixed Deposit interest rate, it’s extremely attractive.
Recently, they introduced managed accounts which allow you to be totally hands off. I have yet to try it to see how successful it is, but this is great for people who really don’t have the time to monitor their trades. I’ll write about it after I’ve had a chance to monitor how successful the managed accounts program is.

Important points to note:

Follow the system exactly as they tell you and it will work out.
Don’t worry if your balance drops, just keep doing what they tell you and it will correct itself over time - it’s not a get rich quick system where you’ll be a millionaire overnight, but you will see your money grow slowly.

What makes Freedom Rocks a great system is that it is both a terrific business opportunity and a proven system for making money through investing in the Forex Market. It provides you two solid areas for making money.

My Auto Forex

Personally, I didn’t really like My Auto Forex. The system didn’t work out too well for me because it didn’t suit my lifestyle.

Here’s what I didn’t like about it:

I went through a whole month and only received instructions to buy once.
I found it too difficult to monitor when it was time to trade.
The system did not notify me by email (like they said it should) when it was time to sell. I had to login to my account to discover that a sell had already been initiated, by which time I had missed the boat.

It might have worked for other traders because, honestly, I didn’t give it much of a shot - I terminated my account after two months.

Forex Autopilot

This has got to be the best one by far. It is basically a robot that trades for you twenty-four hours a day. All you have to do is sign up for your account, deposit some money, configure your robot and it’ll go. You don’t have to check or monitor anything (unless you want to). There is more to this program which I have yet to check out so I will write an updated review once I get a chance to try it out fully.

At present, this is what I have discovered about the program:

While it isn’t the “get rich overnight” program the selling page appears to be, you do make money more quickly than Freedom Rocks (or at least, I did). A $500 investment yielded $220 in one month and since they recently upgraded the robot, I anticipate to do better in the next month.

Another great thing about Forex Autopilot is that it’s a one of investment for the robot. Once you’ve paid for your robot, that’s it - there’s no more subscriptions to pay for.

If I had to pick one Forex Trading System to go with, I would choose with Forex Autopilot.