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Forex Killer Review

Forex Killer Software

The Forex Killer program is a software that was developed by a professional FOREX trader by the name of Andreas Kirchberger. His aim was to create a system that would provide trading signals day in day out for the FOREX traders including the experienced ones. These signals simply indicate you when is a good time to sell or buy a particular currency with high return and low risk.

The idea behind the software is very simple and pretty effective ill have to admit. It uses a sort of market analysis where it requires you to input the closing prices of the last ten bars of the currency you are trading (depending on timeframe you are trading in). The next step is to set your stop loss and take profit and press the calculate button. Very easy indeed.

Here is a screen shot of the software with buy and sell signals, currency you want to trade and profit and stop loss. Just input the closing price of the last 10 candlesticks, and a recommendation is sent to you.

My personal view of this system is that it will not make you profits overnight or turn you into a profit pulling 'forex killer'...it is no holy grail. I personally have used this software in the past and I can tell you that it only works good in a trending market. It is not a scam and though it is not perfect it does have some beneficial features that work nearly 70% of the time.

Here is a great video explanation of how to use this software to make buying and selling decisions(the speaker does sound a bit sleepy though!)

Conclusion

If you are an experienced enough trader, this can be a great tool to support your buying and selling decisions when used with your own signal confirming indicators.Though this software had mixed reviews, I do personally believe that it is a genuine product if you know how to make it work for you.

My Rating: 3/5

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