Has anyone honestly used such software before and generated a profit? Does the software work? What are the pros and cons?

The answer is that the software does work. The automated expert advisers are extremely well designed but if you think you can just turn it on and it will make you rich your wrong.

If you understand the basics of forex and are guided to an extent then they can deliver profits.

A guy called Jason Jankovsky, a professional trader from Chicago, has a community which teaches people how to use these automated forex programs and also teaches all other aspects of forex on a 1 on 1 basis.

I’ve done a review on his community on my blog: http://theforexbrotherhoodreview.blogspot.com/

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If you have something that is working for racking in cash in the forex please let me know. If you are full of BS or selling somthing please do not bother.

Hi Your best bet is a club as they do not sell you anything, they do not charge fees and the good ones show steady returns. Some are expensive some are not. I personally recommend Green Briar wealth pool as they have been around for a while now, they make a good return but do not claim outrageous profits as some clubs and companies. Write to them at greenbriar123@aol.com Good Luck in all your investments!

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Please only answer if you have actually made money using one of the EA’s. Personal experience only, and not people who lost money and are just telling me its a scam. Im currently looking into Destiny NN 3.3 and Steinitz HAS MTF Hedge Robot I asked this question before and someone answered “I am an expert advisor and I don’t use FOREX to make money” This is not an answer, if you have no Idea what I’m asking . . . don’t try to answer.

Over the years I have traded a lot of EAs. Some with live money (like Steinitz HAS), others with demo money. I have made money with some and lost money with others. I did make money with Steinitz for a 2 months I traded it but I also have friends who have lost a lot of money trading Steinitz. Here is the reality, there is no such thing as an EA that will consistently make money. Why? Because the market is constantly changing and no system (except the Holy Grail) can make consistent profits without human insight. That is the reality.

Here is what I recommend. Rather than going out and buying a Forex trading system programmed into an EA; educate yourself about Forex, design a couple trading systems that work across multiple market types, and then have them programmed into EAs. This way, you will know what moves the market, why your EA works, and you will be able to achieve steady profits.

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Possibly someone who makes good money from this kind of thing, could you please explain how, would be great thanks

I hope, you’ve done the home work – traded demo account for some time and developed a solid trading plan/strategy. Without these two components you’ll be not investing, but rather gambling; and sure way you’ll lose those £1000 in no time.

If home work is done, then it is like choosing a bank you want to keep your capital in – do a research on brokers.

If not, hold the money for now and instead:
1. Open an online demo account with any broker.
2. Trade demo money and develop a trading system, make sure it is profitable over a decent period of time
3. Write everything down and then consider giving it a first shot with real money.

Some last advice: be prepared to the fact that you can lose all your money with your first real account. So, for the beginning I’d recommend split those £1000 into two equal parts and invest one part first. If you prove that you can manage and earn money, then you may add the second half to it.

Good luck!
Try it, but be smart!

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