Auto FX Payday Robot Turns $1,000 into $166,132.25 In 12 Months In 2011!

Online, January 25, 2012 (Newswire.com) - Auto FX Payday is the latest new forex robot that has been launched in the market. Sam Taylor a pro forex robot developer from UK is behind this Auto FX Payday robot. Auto FX Payday robot turned a deposit of $1,000 made on 2nd Jan 2011 into $166,132.25 by the end of December 2011 all on autopilot. Sam Taylor has posted a third party verified myfxbook.com live account performance screenshot to prove that whatever he is claiming about Auto FX Payday is true.

Trading with a robot is supposed to make forex trading very easy for you. A forex robot is a software programme that automates a forex strategy. A forex robot once installed on a chart is supposed to monitor the market 24/7 and open and close trades automatically. So you don't need to monitor the market or be at your computer all the time. The robot is going to trade for you and make money for you on autopilot.

Looking like a dream come true. But the actual reality is that most forex robots that are being sold in the market right now, don't work at all. Some are even dangerous in plain simple terms and can blow up your account in a short time. Forex robot developers make a lot of claims about the returns being made by their robots. But most of these claims are fake and are just made to hoodwink unsuspecting customers part away with their hard earned money.

First and foremost, no claim is true until and unless it is verified by a third party. Myfxbook.com is one such site that posts live trading account results and verifies that these live trading account results are true. Sam Taylor has posted the live trading results of Auto FX Payday robot on myfxbook.com so that you can see yourself how it turned a deposit of $1K into $166K in 12 months.

Even if you get the opportunity to watch the live third party verified account results, you should always test a new forex robot thoroughly before you trade live with it. Sam Taylor has posted a nice Auto FX Payday video where he explains in details why most people fail making money with a forex robot.

You must watch this Auto FX Payday video. Sam Taylor is right when he says that most traders use large lot sizes when trading with a robot and this greed ultimately blows up their accounts when a few trades are lost. So lesson number one for you is to use small lot sizes when trading with a forex robot.

Sam Taylor is also right when he says when most traders don't bother to take care of the reward to risk ratio when trading with a forex robot. While trading with a forex robot, the reward to risk ratio should not be less than at least 2. You should watch this Auto FX Payday video where Sam Taylor explains in details the mistakes most traders make when trading with a forex robot.