Forex Tracer Review

Forex Tracer

Profitability
Presentation
Ease of Use
Overall

When Forex Tracer was first released a few months ago, it was a huge hit. Tons of traders quickly got hold of it and installed it. Now, it is time to take a good, hard look at this automatic trading program and see how it really performs in the real world.

What is Forex Tracer

Forex Tracer is a fully automatic trading tool. You plug it into your MT4 Broker and you let it work on its own. Forex Tracer works with just a single currency pair: the EUR/USD. The software watches the market and enters and exits trades according to its internal algorithms and programmed settings.

Forex Tracer Results

The creators of Forex Tracer achieved an impressive an annualr profit of over $330,000. You can check out the results sheet of a 24 months period here.

Pros:

• Fully automatic trading system
• Saves you a lot of time
• Easy to Install
• Easy to use
• Offers a 60 days money back guarantee so your purchase is safe

Cons:

• Only works on MT4 trading platforms (this is a free platform you can download)
• Only works on a single currency pair
• Considered risky by some traders

Click here to See Forex Tracer In Action

Why is Forex Tracer Risky?

Forex Tracer works with a Stop Loss setting of 250 pips and a Take Profit Setting of 30 Pips. What this means is that you close profitable trades much faster and with a smaller margin than losing ones.

This also means that a single bad trade can erase the profits of 8 profitable ones. Of course, this doesn't have to be, and some traders reported tremendous profits with Forex Tracer and this software does has its benefits, but in money management and risk management terms, it could do with some improvement.

Have no doubt, this robot can make a huge profit in a short time. However, it is likely to do so while undertaking a high level of risk which isn't right for some traders.

Is Forex Tracer for you

This is a robot that trades heavily and takes chances. When it works it scores big and it can make thousands of dollars in a matter of days. However, you need to understand that there is risk involved and you need to be aware of it.

Our Verdict

Forex Tracer has its benefits and you can easily test it on a demo account. Because it has a 60 day money back guarantee, you can get it and try it out for yourself.

Click here to Get Forex Tracer

However, we recommend that you use a more reliable trading robot like Fap Turbo if you're looking to trade on Auto Pilot.

If you're looking to develop a deeper knowledge of Forex yourself, we recommend this course and trading system: Learn Live Forex