There was a lot of hype and advertising that came out along with the Forex magic machine’s launch, it was dubbed the best foreign exchange market trading robot. Its main tag line boasts of being able to generate a lot of profit in a very short turnaround time, while keeping drawdown rates at an amazingly low rate. With these excellent type of launch, everyone who is a mover and shaker in the industry of trading was there with full attention. I mean, who would not want all of the above mentioned benefits with your live trading accounts?

However, these promises are nothing new to those who have been in the trading business for quite a while. Unfortunately, no matter how excellent the write up was during its launch, a lot of the forex trading software that have been launched failed miserably. The fact was, these faulty forex trading robots made use of unreasonably risky strategies and they do not have a fixed stop loss strategy to fall back on.

How does the Forex magic machine really fare in terms of its ability to deliver whatever it promises to achieve? Is it really apart from the previous forex trading software we witnessed? Let us know more about it then. For our first review point, let us look further at the Forex magic machine’s claim about their high winning percentage while keeping drawdown at the utmost minimum, as proved by back testing result. Unfortunately, back testing is very much different from live trading accounts.

We have also known about back testing results being tampered for the benefit of the software you are promoting. This explains why the Forex magic machine’s credibility is backed up by live testing results, quoting the profit they generate during live trading. Seeing winning trades from all direction with my own eyes, at a real time rate, fully convinced me to try it out myself.

How about with the way it trades? We definitely do not want another forex trading robot that will end up risking high just because it made use of the classing Martingale strategy which does not make use of any stop loss strategy. This can only be good if you are on a winning streak. Try pairing this strategy with a losing streak and everything will go downhill from here. You do not want to try it on a losing day, you may never have the chance to experience a winning day ever again.

In fact, with other forex trading robots, my two live accounts with a combined amount of money of $5000 was wiped out in such a short timeframe. One good thing about the Forex magic machine is the fact that it aims for long term profit targets. It does not make use of any risky moves, it focuses on maintaining a low systems drawdown rate.

You must be aware of the fact that managed forex is a risky investment, because forex trading can result both in profits and losses.

Due to this we highly recommend to read more about the topic of forex investment, before you start spending any money on it.