10 Frequently Asked Questions About the Forex Autopilot System

If you have done some research, you probably know a thing or two about the Forex Autopilot System and what it can do for you. However, when I first discovered this system I had a lot of questions even after some time using it. Therefore, I thought I would contribute by providing answers to common questions about this automated forex software.

1. What is it?

The Forex Autopilot System is basically a script designed to work within a metatrader4 platform, which is a popular suite designed specifically for forex trading.

2. How does it work?

The Forex Autopilot System works by installing it within your metatrader4 platform and from there, it will act as an expert advisor, analyzing trends and spotting opportunities for profitable trades.

3. What will it do for me?

The Forex Autopilot System is a software designed to work automatically, meaning that it places trades all by itself without any human intervention.

4. Do I need to have knowledge of the forex market or previous experience as a trader?

No, precisely, since you will not have to do anything but install and configure the Forex Autopilot System, it is not necessary for you to have previous experience as a trader. In fact, I would say this is the best tool for the newbie trader.

5. How much money do I need to start trading with the Forex Autopilot System?

You can start with any amount of money you feel comfortable with. The minimum amount will depend mostly on the broker, but I would recommend you start at least with $500 and small lot sizes. Of course, always start with a demo account until you have familiarized with the system.

6. What is the lot size?

The lot size is basically the value you assign to the pip (points of variation within the forex market). With an initial investment of $500, I would recommend starting with lots between 0.01 and 0.05 ($0.10 to $0.50 per pip). Indeed, although the makers of the Forex Autopilot System advise you to set the lot size at 0.1 ($1 per pip), I personally think that this value can be a bit risky if you have less than $1,000 in you account.

7. How do I know what is the right lot size for my investments?

There are different approaches to this issue depending on your risk tolerance, and many experts say you should not risk more than 3% of your account balance in a single trade. I personally like to use a margin of at least 1,000 times the value I set for the pip. This means that if I invest $1,000, I would not set the lot size within the Forex Autopilot System above the 0.1 value ($1 per pip).

8. How profitable is this software?

It is very profitable. Indeed, the Forex Autopilot System is very accurate, not meaning that it is perfect, but meaning that it is very consistent, so you will be getting a lot more winning trades than losing ones, which is what ultimately matters when it comes to steadily growing your account.

9. Do they really give your money back if you decide to return it?

Yes, the money back guarantee offered on the Forex Autopilot System is legitimate, and they will issue a refund usually within 2 business days after you request it with no questions asked.

10. Do they have support?

Yes, they have a responsive costumer service department in place to assist users with any issues regarding the operation of the Forex Autopilot System.
Visit the http://www.specialonlinebusinessreviewauthority.com for comprehensive information about the Forex Autopilot System.

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