Automatic Forex Crusher Review – Does it Work Or is it a SCAM?
The Automatic Forex Crusher software which we review here is a “hot off the press” software (released on 03-03-2009) which has caused a lot of discussion and turmoil in the online Forex trading circles.
Many seasoned traders were interested to find out whether this software really works or is a scam. Although skepticism can often hinder your success, in the case of investment automation, an industry traditionally inclined to scam and fraud schemes, one can’t be too careful. Just remember the doublingstocks.com pump-and-dump scam which is nevertheless operating today from a safe heaven location, away from the authority and control of the regulatory bodies such as NFA (National Futures Association) and the CFTC (Commodity Futures Trading Commission).
While the more complex investors will know that there is a big difference between any Forex and forex robot and the doublingstocks.com scam scheme and their “Marl robot” (yes, you guessed it – there is no such robot). The latter are based on the extremely volatile and unregulated penny-stock market, which is easy to manipulate with insider trading, while Forex, the largest financial market in the world, is also the least volatile investment market. The Forex market with its $3 trillion daily quantity(!), simply can not be cornered and manipulated, not already by a central bank. Nevertheless, as pointed above, we have all seen our proportion of financial scams in the past few years so we can’t blame those folks for being too careful when they’re wondering whether Automatic Forex Crusher is a scam.
Not to mention the whole concept feels so futuristic, almost unreal, that it beg the question:
Q: Can software really trade on the Forex market (or any market for that matter), 100% automatically and make money without any intervention from the user?
A: The short answer is “Yes! It can!”
The Annual “Automated Trading Championship” (ATC) held by the Metaquotes Corporation and the “Sure Fire Trading Challenge” contests are a substantial proof of that. According to wikipedia, in 2006 more than 40% of all orders entered on the London Stock exchange were executed by automatic software systems! A trend which will only get stronger with every year. The question is are your investments jumping on the Automated Trading bandwagon?
So how does the Automatic Forex Crusher work?
Automatic Forex Crusher is a what is called an Expert Advisor, or in other words an add-on for the MetaTrader 4 trading platform. While there may be different types of Expert Advisers this one is a fully automated system capable of trading completely automatically using the logic of it’s internal algorithms.
Automated trading systems are become more and more popular in the recent years, but while most of them are Alerts (a.k.a. Signal Generators), which alert the trader of various market conditions, Automatic Forex Crusher will not only generate the signals but also open and close the trades on the user’s behalf.
The beauty of this kind of system is that it allows you to monitor the market 24/7, in spite of of what country or timezone you are in! As long as your robot is turned on you won’t miss a beat of the Forex market pulse!
The signals, however, require the trader to be at their computer and ready to open a position as soon as the signal arrives – something which may not be possible for various reasons. After all, being human, we need to sleep, eat, go to work or simply take some time away from the screen. While alerts and signals may also be very profitable, they are also prone to scam schemes (when provided by brokers or other third-parties as a monthly subscription service), as all the provider need do is send a Buy signal to half the subscribers and a Sell signal to the other half. Naturally, half of these scam signals will be a failure but the other half will win!, so after one month half the subscribers will leave, unsatisfied with their results, but the other half will stay and praise the system as a sure winner!
With the Automatic Forex Crusher this kind of scam is not a concern as the software works off your own computer and you have complete control over its execution and input parameters.
So is the Automatic Forex Crusher a scam? Well… a scam it is not – after all the system comes with a complete 60-day money back guarantee so everyone can download it and test it on their own account before buying it, but whether it will generate you the same flood of income as the one described on their home page in test results, videos and testimonials – that’s something that you will have to answer yourself.