Archive for the ‘Forex Software’ Category

Forex Assassin Review

Tuesday, June 24th, 2008


Every day I receive emails about new ‘magic’ get rich quick Forex systems. In the last few days I reviewed a new Forex system called Forex Assassin. Here are the results.

 

What is it about?

It claims to have discovered the ultimate Forex formula. How many times have we heard that?

Forex Assassin is promoted as the only system designed for 9 to 5ers. You determine the trading signals once a week by plugging in your numbers into the mechanical formula.

Now this sounds exciting, you don’t have to sit in front of your PC the whole day observing quotes. But Forex trading should not be treated as a hobby. Based on my experience Forex Trading is not suited if you can only spend 1-2 hours a week.

 

The Final Verdict

In my opinion Forex Trading is not an easy business as it is promoted on the Forex Assassin Website. It sounds very enticing to just put some number into a mechanical formula once a week. But remember Forex trading is more than a hobby! I wouldn’t trade Forex if I only had 1-2 hours a week. The Forex markets are very volatile. There are trading systems that work with daily or monthly signals and don’t require traders to sit in front of the computer the whole day, but that’s more for trading stocks than Forex.

 

Price: $97
Guarantee: 60 Days Money-Back Guarantee

 

Click Here For A Free Preview

 

Forex Autopilot Review

Monday, June 9th, 2008


Marcus Leary’s Forex Autopilot System is currently another very popular Forex trading systems on the Internet. It claims to generate profits up to 250 PIPS ($2500) per day. Is it ultimate FX trading software to quit your day job and become a full time Forex trader or is it just another Forex
trading system scam or rip-off?

The first impression of the website sales letter is the same as for similar products: hyped up, pitchy. The design doesn’t look very professional.

 

The product is covered by a no question asked 60 day money back guarantee.

 

Who is Marcus Leary?

I haven’t heard of Marcus before. I searched the Internet to find some more info about
him, but only found some articles promoting his product. There are some screen shots of his performance and his account, but it’s pretty difficult to find out whether they are legit or not.

 

As always when I find I scammy looking products that I’m interested in I fire a
support email to ask some questions. I received a response from the same support
team that promotes Forex Killer within 4 hours. It seems that both Forex Killer
and Forex Autopilot are promoted from the same company and they have the same
marketing responsible called Steven. This is not a bad sign and they
don’t try to hide this fact. 

 


How does the Forex Autopilot System work?



The Forex Autopilot Package consists of four unique trading robots that monitors the market situation 24 hours and makes trades automatically using the Metatrader4 platform. You basically chose the currency pair you want to trade and open its chart window with price candles and attach the advisor to the chart. Stop Loss, Profit Targets and other parameters can be set manually.

It’s very easy to install and documented through step-by-step instructions.

You can see a screen shot of the download page on the right.

 

What are the results?

The software doesn’t have a 100% success rate which can’t be expected from any system. But 250 PIPS can be achieved with 60-70% winning trades if an effective money management system is used. I don’t ever invest more than 3-5% of my capital for one trade.

The software helped me to make better decisions what it is supposed to do and to automate the whole process. What I like is the automated trading function, no need to sit in front of a PC the whole day.

 

 


Who will benefit most from Forex Autopilot?

In my opinion you need to understand the Forex Trading basics before using this system. They recommend to test the system with a demo account which makes completely sense.

 

Are their any downsides?

The success rate of Forex Autopilot is not 100%. But I don’t know any trading software which is 100% right all the time. If you can stick to a trading system with a 60% success rate and you use smart money management techniques your chances of being successful will be high.

Forex Autopilot is not a get rich quick system.
FX Trading is not a game and an in-depth education is required to successfully
trade. This can be done learning by doing with a demo account. But you’ll quickly realize that it will be a different game once you start trading with real money. Once
you master it you have a great system to work from home and be your own boss.

 

What is the verdict?

Forex Autopilot and its bonuses are well worth the price of $99.50 (using the
coupon code 750FF). I subscribed to many other Forex trading signal services which charged $197 per month with a much lower success rate than Forex Autopilot and without an automated trading function. 

The support is good and you even get phone support from Monday - Friday 6am - 3pm PST.

Like with all effective Forex Trading System – there are no get rich quick schemes. You need to make the commitment to read all guides and paper trade the signals first with a demo account until you get
the feel. Once you stick to a system and can control your emotions you will see very good results. But it requires the discipline to stick to the system, to use some supporting signals and an effective money management system in place.

 

The program comes with a 60 days money-back-guarantee. If you are not happy you can get a refund without any questions asked. So it’s risk-free to give it a try.

If you’re looking for an automated way to trade Forex markets I recommend Forex Autopilot.


You Can Get A Free Preview Here

 

Forex Killer Review

Monday, June 9th, 2008


Andreas Kirchberger’s Forex Killer System is currently one of the most sold Forex trading systems on the Internet.

 

Does it provide the ultimate winning FX trading signals to make you money from home on autopilot or is it just another scammy “miracle” Forex trading system?

The first impression of the website is the same as for similar products: hyped up, pitchy and it doesn’t look very professional. There are some performance and account screen shots, but it’s pretty difficult to find out whether they are legit or not.

 

But as I’m real forex trading system addict and knew that my investment is protected by a 60 days money back guarantee I decided to invest in it and do a test run of the Forex Killer system.

 


Who is Andreas Kirchberger?

I haven’t heard of Andreas before. I searched the Internet to find some more info about him and mainly found some articles promoting his product and some forum posts where Andreas Kirchberger actively participated. And there is an interview with him where he shares some valuable insights. Andreas mentions there that has been trading forex for the last 11 years and they used to work for Deutsche Bank before he decided to become his own boss.
The next test: I sent an email to the forex killer guys. To my surprise I got a
response back within 40 minutes, they answered my questions very competently. 

 


How does the Forex Autopilot System work?

The Forex Killer Signal Software is easy to use and works like follows: You feed the software with market data for the last 10 time periods (hours, days or hours),
you can use data from any broker’s platform like Metatrader for free. Then you
press a button to calculate the next signal and its probability. Now you have
all you need to place your orders.

Here’s a screen shot of the software in use:


 

The step-by-step instructions are very detailed and easy to follow. They even provide step-by-step instruction videos on how to integrate Forex Killer with Metatrader.

Beside all the detailed instructions there’s also an introductory guide for people who are new to Forex Trading. And there’s phone support hotline. My experience with their support is very good, quick turn around and they guys understand what they are talking about.

 

How are the signals created?

It’s nowhere disclosed how the signals are calculated. Based on my observations
their system uses trend following math combined with behavioural patterns to
generate the signals. The system allows you to trade short term (5, 15, 30 or 60
minutes) or 4 hours, 1 day or 1 week.  

 

What are the results?

The software doesn’t have a 100% success rate which can’t be expected from any system. If you only get 60% winning trades you have a good system. It’s very important to use a money management system. I don’t ever invest more than 1-2% of my capital for one trade.

The software helps me to make better decisions what it is supposed to do. Using 30M time frame the software provided 80% winning trades.

 

 


Who will benefit most from Andreas Kirchberger’s Forex Killer?

It’s for everybody and anyone who wants to successfully trade the Forex markets. It’s ideally suited for beginners who want to start out and learning investing in the Forex market.

 

For experienced marketers the software provides signals for better decisions. One tip for beginners: start trading on a demo account to become familar with the system. Always remember, Forex Trading is risky and you need to be able to deal
with some losing trades before having a winning trade.

 

Are their any downsides?

The success rate of Forex Killer software signals is not 100%. But I don’t know any trading software which is 100% right all the time. If you can stick to a trading system with a 60% success rate and you use smart money management techniques your chances of being successful will be high.

Forex Killer is not a get rich quick system.
It’s easy to apply, but you need discipline to stick to the system and to learn
the basics. It’s easy if you trade on a demo account. But you’ll quickly realize
that it will be a different game once you start trading with real money. Once
you master it you have an effective system to earn money from home.

 

What is the verdict?

The Forex Killer software and its bonuses are well worth the price of $89. I subscribed to many other Forex trading signal services which charged $197 per month with a much lower success rate than Forex Killer. 

Like with all effective Forex Trading System – there are no get rich quick schemes. You need to make the commitment to read all guides and paper trade the signals first with a demo account until you get the feel. Once you stick to a system and can control your emotions you will see very good results. But it requires the discipline to stick to the system, to use some supporting signals and an effective money management system in place.
 

The program comes with a 60 days money-back-guarantee. If you are not happy you can get a refund without any questions asked. So it’s risk-free to give it a try.

If you are serious about earning money in the Forex market I recommend this program.

 


You Can Get A Free Preview Here