Forex Killer - Scam or Not?

Forex Killer Trading Strategy for Beginners

2008-03-18T06:49:00.000-07:00

Beginner Forex Trading Strategy with Forex Killer Software

Ok kids, here we go. This is a very basic, down and dirty Forex Killer Trading Strategy.

The first thing is that I absolutely refuse to guarantee you will make tons of money with this strategy. I'm not going to set you up to fail by promising you the moon and stars. What I can tell you is that if you use this strategy with strict money management in mind and use extremely small lots, you can make small but consistent profits.

Once you get the hang of it, you should only be spending about 10 minutes per day.

I would prefer you try this on a demo account first before risking real money, particularly if you've never done any forex trading.

1. (0.01 lot size) Trade extremely small lots for safety.
2. NEVER trade on Friday.
3. Designate a time of day to begin trading.
4. Open up both Forex Killer and Metatrader (You can download Metatrader FREE)
5. Open the one hour(1H) charts for all the currency pairs available on Forex Killer (they're on the drop down menu). Save all the data from this charts to a directory you choose.
6.Choose one pair and load it to Forex Killer.
7.Locate the correct currency and time frame (1H) on the drop down menus.
8. Press the "calculate" button and wait until you can see the results.
THIS IS THE IMPORTANT PART - PLEASE READ THE FOLLOWING VERY CAREFULLY
9. Once you have the results, look to see if the trading signals (Buy, Sell, No Trade) for both short term and long term trading match.
10. IF they match, then look at the probabilities that are below the charts.
11. IF at least one probability is at least 70% or more, then go back to Metatrader and find your daily chart for that currency pair.
12.Check to see that the signal generated by Forex Killer matches the trend you see on Metatrader. (It will be going up, going down, or going sideways.)
13. IF all of the above match, then take the trade using the long term stop loss and take profit values from Forex Killer.
14. Set a trailing stop-loss at 35 pips.
15. Repeat this process for each currency pair. DO NOT take a trade if ALL the above rules are not met.
16. Leave the trades alone until the same time the next day.
17. Do not close the trades yourself. Wait until they are closed by one of your preset stops or take profit values.

Repeat this process as often as ALL criteria rules are met.

That's it. Forex Killer Trading Strategy for Beginners!

How To Use Forex Killer

2008-03-18T06:45:00.000-07:00

I bought Forex Killer - Now What Do I Do?

Ok, so you bounced out and bought Forex Killer.

Now what do you do?

At first glance, this system looks like any knucklehead with more than two brain cells to rub together should be able to make it work very easily. This software application has really big buttons and simple looking graphs...so it's got to be super easy...NOT!!

Although the instruction manual details out how to set up Forex Killer, they DO NOT teach you how to use Forex Killer properly so that you will be profitable in your forex trading. They assume that you are at least familiar with how trading works.

This is unfortunate and something I feel Andreas should correct if he is going to tout this program as good for beginners. with a bit of instruction, I think that beginners can profit while they learn.

If you're interested in a simple forex trading strategy for Forex Killer, then read this post. Click Here

The Forex System: Is it a Scam?

2008-03-06T09:30:00.000-08:00

Have you ever wondered about the forex system? Is it a scam?

There are lot's of forex systems available. Some completely automated and others are educations systems meant to teach you to trade on your own.

Many people like the thought of automated forex trding systems. When trying to decide which one to choose you need to ask yourself a few questions that seem basic, but are vital to your trading succes.

1. Can the system really perform?
2. Does it give reliable and accurate signals?
3. What type of signals are generated?
4. What is time frame basis of the signals and can you use more than one time frame for your trades?
5. What type of technical indicators are used to generate the signals?

The sales pitches of many forex trading systems tend to be overdone, but that does not mean the software itself is faulty. Regardless of claims, every forex system should be subjected to close examination.

Take a good look at multiple forex systems before you purchase one. Put it to the test immediately and make your own judgement of whether or not the system is useful to you. If it's not to your liking, then by all means request a refund and try something else.

Forex Killer Free Download

2008-03-03T14:46:00.000-08:00

If you hurry right now you can get Forex Killer FREE!

That's right! Every 10th person to purchase Forex Killer from the following link will have their purchase price for Forex Killer refunded.

Imagine the chance to get the best automated forex trading software available at no cost to you!

Hurry over to Forex Killer Scam Challenge for all the details.

How long will this special deal last? No one knows, so you should act fast for you chance to get Forex Killer FREE!

How Does Forex Killer Work?

2008-02-25T18:33:00.000-08:00

The hardest part of learning to use Forex Killer is the technical aspect of downloading data from one of the trading platform data types that the software accepts. Forex killer software is a quick way to finding a signal.

Trying to enter the data manually is sure to frustrate you. Take time to read the manual on downloading data from your broker so that you don't have to deal with the tedious task of entering 20 pieces of data so you can generate the signals.

Learn how to do download immediately, otherwise you will be wasting time inputting the data manually. Identifying the important waves can confuse you, so just let the software do that for you.

The Forex Killer interface allows you to enter 10 closing prices on any time frame from 15 minutes to daily chart. It will calculate longer term peaks and troughs in the price action data. Next, tell the software which time frame you have used and the number of decimals in the price quote (eg 1.9670 for GBP/USD is 4 decimals). The program will also need to know what instrument you are trading.

Forex Killer is now ready to calculate the probability percentage of whether you should buy or sell. You will see one of 3 signals - BUY, SELL or FLAT (no trade). The software calculates both a "short term" and a "long term" signal. A time fram for short term is not clearly defined., but we will assume that intraday to 3 days is short term and long term could be beyond this.

Forex Killer is a good way to get an objective "third person perspective" for each trade. Consult the forex killer to see if the signals line up with your ideas.

Here are my reasons for recommending this software:
1. Easy to use
2. Quickly generates signals
3. Generates signals for mulitple pairs easily
4. Excellent addition to you own technical analysis and research
5. Inexpensive

Buy Forex Killer Here

Forex Killer Software Feedback

2008-02-21T07:18:00.000-08:00

Many people look for feedback on a product before purchasing. Always expect to find both positive and negative feedback for any product. For the most part, I have found that the Forex Killer Software feedback is positive.

Although there are those who claim that Forex Killer is a scam, those people are most generally the ones who expect this software to produce a profitable trade 100% of the time. Others who say that Forex Killer is a fraud are those who don't read the instruction manual completely, have all their questions answered beforehand, and don't paper trade before jumping in and trading with real money. Skip those steps and you are guaranteed to lose money!

Anyone who has ever traded forex, stocks or commodites knows that it's impossible to have a winning trade every single time. No trading method or software product exists that can produce 100% profitable trades. Forex Killer, when used correctly, is capable of producing profitable trades up to 80% of the time and that will put you head and shoulders above most forex traders.

The most difficult things for individual investor/ trader is to continuously do well. Forex Killer only suggests a trade when the odds are very much in your favor. When followed to the letter, it also prevents overtrading. That in itself will save the average trader tons of money and frustration. Real traders know that to consistently win, you MUST,MUST, MUST manage your risk. Having Forex Killer on your side helps to manage risk by carefully evaluating only the HIGHEST probability trades.

My own opinion of Forex Killer is also positive. I tend to be a very conservative trader, but I can tell you that I am trading 31% more profitably with Forex Killer.

If you' interested in trading forex, I highly recommend Forex Killer Software.

Forex Killer Tutorial Video

2008-02-12T13:08:00.000-08:00

Check out this short Forex Killer Tutorial Video.

It shows you how to enter the currency data in order to generate you own forex trading signals.

Bear in mind that this is a quick overview, but worth watching. This demonstration shows you how easy it is to input the data. You let the software generate your signals and then make your trading decisions based on your own analysis of the results.

Watch the Forex Killer Tutorial so you can get an idea of whether or not this automated forex trading signal software is right for your investment needs.

Beginners Forex Trading: What You Need To Know Before You Trade

2008-02-08T09:49:00.000-08:00

Beginners Forex Trading

If you have no experience at forex trading, but would like to learn online currency trading, here are the bare minimum requirement you will need to learn. You truly need to know how to do all these things before you begin trading with Forex Killer or any other type of automated forex trading software.

1. Learn how to open an account with a forex broker.

2. Learn how to download and install your broker's trading platform. (This is also known as trading software or trading station.) The trading platform is something altogether different from the Forex Killer software that you will use to help make your trading decisions.

3. You also need to get familiar with your broker's particular trading station.

4. You will need basic knowledge of trading mechanics such as how to read quotes, how to read the display stats, how to open and close a trade and how to enter a stop loss.

If you're serious about making money with forex trading, you will need to have a good understanding of how the markets work in order to make your trading more profitable.

Although Forex Killer comes with both a manual and a crash course for beginners, I highly recommend that you look into a comprehensive forex trading educational system before you make your first trade.

Futures Trading Secrets
One of the most comprehensive training systems I have run across is Futures Trading Secrets. This system gives you a well rounded education in trading that can be applied to futures trading, forex trading, stock trading and e-mini trading.

Good Luck and Happy Trading

Is Forex Killer a Scam?

2008-02-08T09:45:00.001-08:00

At first look of the Forex Killer website, your first thought would most likely be that this automated forex sofware is a complete and utter scam. While I wholeheartedly agree that the home page for this software is ultra cheesy and seriously hyped up, you really ought to keep reading with an open mind because Forex Killer is deadly useful unlike so many other automated trading software systems.

Andreas Kirchberger developed the little jewel back in 2005 and sold over 2000 copies in the first month alone. Since it's release, Forex Killer has consistently topped the charts as a top rated automated FOREX signal generator. Forex Killer will deliver everything its creator promises IF operated correctly. It's designed to both enhance and improve a trader's ability to consistently generate profitable trades on a more regular basis.

Because this software is sold through one of the internet's leading digital product retailers, you can be certain that the software will be free of both viruses and spyware.

Forex Killer comes with an 8 week, 100% unconditional money back guarantee. If you decide it's not for you within 8 weeks of purchase, simply contact the company for a full, no questions asked refund.

You have 2 options for customer support with Forex Killer. You are provided with both a customer support phone number as well as an email form to submit questions and problems. I highly recommend that you use both options should you have a problem, question or concern.

Take a test drive of Forex Killer and see for yourself why it has been named the top automated Forex signal generator since 2005.

Online Forex Trading with Forex Killer

2008-02-07T09:21:00.000-08:00

Because you can use Forex Killer for online forex trading, many people who are new to forex trading often wonder where to get the price data to feed the program.

Forex Killer was designed to work with data from any broker who provides an online trading platform.

How to Select an Online Trading Platform or Trading BrokeR

There are a number of different trading platforms or brokers that you can choose from to begin forex trading. With all the available choices, it's in your best interest to do a background check on each brokerage under consideration BEFORE you open an account. You should carefully consider their trading platform capabilities,the stability, and but the financial solvency of the brokerage.

One of the most accurate and useful places online to check up on the financial solvency of a brokerage firm is the US Commodity Futures & Trading Commission web site. You can find recent summary updates on the financial solvency of any legitimate trading broker.

Here's the CFTC link again for you.

Happy & Profitable Trading!

What is Forex Killer?

2008-02-06T11:39:00.000-08:00

Forex Killer is an automated, mathematical, statistically based forex trading system. It uses formulated algorithms to calculate entry and exit points for forex trading. Because it is mathematically based, it eliminates the human error factor. Buying and selling can become clear cut and more profitable.

Forex Killer works by entering data from the last 10 closing prices for whatever currency you are interested in trading the next day. Once the data is entered into the system, you allow the software to calculate your entry and exit points for you. The software will also tell you if the currency based on the data you entered is unfavorable for a trade.

Forex Killer makes it much easier to know whether you should buy, sell or just wait for more favorable trading conditions.

Forex Killer: Automated Forex Trading Signal Software System

2008-02-06T11:06:00.000-08:00

Forex Killer is an automated forex trading signal software system. The creator of this advanced piece of software, Andreas Kirchberger, compiled this software to create trading signals from a mathematical analysis of the forex currencies closing prices.

Based on an analysis of the las 10 closing prices, Forex Killer is capable of calculating the following trading signals:

1. Buy
2. Sell
3. No Trade

Forex Killer is easy enough to use for a beginner to learn how to trade profitably and advanced enough for an experienced trader to easily manipulate for even greater profits.

What is Forex Trading?

2008-02-01T19:36:00.001-08:00

The foreign exchange market is also known as FX or it is also found to be referred to as FOREX. All three names mean the same thing. Forex is the trading of currencies between different companies, banks, businesses, and governments that are located in different countries. The financial market is one that is always changing and the liquidity of the market is very attractive to investors. Many scams have been emerging in the FOREX business. As foreign companies and people set up to trade online, there are those that will take advantage of people who don't realize that foreign trade must take place through a broker or a company with direct participation involved in foreign exchanges.

Cash, stocks, and currency are traded through the foreign exchange markets. Think about the last vacation you took to a foreign country. Did you have to 'trade your money' for the value of the money that is in that other country? This is the essence of FOREX trading. This type of trading is not available in all banks, and it is not available in all financial centers. FOREX is a specialized trading circumstance.

Individuals who dream of making big money, are often the victims of scams when it comes to learning about FOREX and the foreign trade markets. Because FOREX is seen as a quick way to make big money, people don't ask enough questions before participating in such trading, but if you don't take the time to learn how to invest money through a broker in the FOREX market, you could easily end up losing everything that you have invested in the transaction.

Forex Killer: Forex Trading Software
FOREX software that will aid you in making trades has become extremely popular. However, you must learn about the foreign markets and practice so you can prepare yourself for following the markets and making trades. While it's perfectly fine to use this type of software, you MUST have a basic understanding of how the markets work or your software is a waste of money.