Tuesday, February 3, 2009

A Forex Autopilot Review - How Does it Work in the Real World

When looking at a forex autopilot review, you really just want to know how does it work when a real person uses the system? The truth is, quite well. If you are expecting to see the same kind of numbers that are shown on the sales page of the forex autopilot website, you will surely be let down. After all, the whole point of their website is to get you to buy their system.

But leaving that aside, what happened when most people out in the real world tried the EA? Well, there were some people that didn't do well and many who have been really happy that they purchased the system. So what's the difference? Why is it that there are some people that do great with the system while others are struggling? It makes no sense, right? After all they are using the same exact system!

No forex autopilot review would be thorough without mentioning the big difference in success, is in how certain people used the system.

For example, people that took the EA right out of the box and traded live with it, were the ones who struggled. There were various reasons for this, such as they needed to realize that the system does need some adjustments. Plus, when an EA trades for you, you don't really know its trading style. You don't know how many trades you'll get in on each day. You don't know how long the trades usually last. So what happens is, that people get antsy or uncomfortable and start second guessing the system.

On the other hand, the people that took at least a month to demo the EA out before going live, were the ones that reported success. These people realized that they needed to understand how Forex Autopilot traded before they would use actual money on the system. They also realized that they needed to adjust certain parameters of the system to go in line with their own personal risk tolerance. Once they were satisfied, then they took it live.

To see my complete FOREX AUTOPILOT REVIEW, make sure to visit LearnForexDirectory.com.
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Saturday, January 31, 2009

Forex Killer Review - An Unbiased Look at the System

If you've had the pleasure of looking for a forex killer review online, then my heart goes out to you. It seems no matter where you look it's hard to get an unbiased critique of the system. All you ever see are the "this system made me a zillionaire" kind of reviews. So I decided to come up with my own review of the forex killer system.

I like the system (I don't love it). I don't think it's the most revolutionary thing ever created for the forex markets. It has it's pros and it has it's cons.

The forex killer system does have a fairly good reputation if you read about in on the forums. There is usually a stronger majority of people who have had success with trading it, than not.

It does bring you a steady and consistent (not earth shattering) profits on a monthly basis.

But no forex killer review would be complete without talking about the interface. Warning: You are going to have to tweak the parameters a little bit before you can go live with the system. It's not perfect (nothing is really) so if you do get it, be prepared to play around with the money management side.

The people that have had the most success were the ones that tweaked the system and demoed it for at least a month, so they can be sure of its profit potential. The ones who didn't, and just traded it blindly were the ones who didn't have much luck with it.

To partially summarize: It's not the holy grail (it doesn't exist) like some people have been calling it, but compared to most trading systems on the market. it's pretty good.

To see my REVIEW OF FOREX KILLER, as well as to see my UNBIASED FOREX PRODUCT REVIEWS, make sure to go to LearnForexDirectory.com
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Friday, January 30, 2009

FX Universal Review - Is it Legit Or a Scam?

If you have been looking for a FX Universal review, it must have been hard finding one that was real and unbiased. So I thought I would way in on this, and give an honest, unbiased review of FX Universal and their signal service.

Honestly, I don't think they are very good. For starters, they don't really have a support team. If you call them up, chances are you'll get somebody from the sales department. If you have a question that revolves around the trading signals, well...good luck getting an answer, because you probably won't.

But let's talk about their signal service. After all, that's why most people join up with them.

When you go to their website, they show their performance reports for their signal service using their FXDashboard. It looks amazing, doesn't it? Even the presentation, showing the flashy lights just makes you want to give them a shot.

Well, when most try it out, they'll usually find that it's not what they expected and worst of all, they did not get the same kind of results as shown in their performance reports. I'm not sure how they calculated those pips, but I don't think it's based on reality.

No review of FX Universal's signal system would be complete without the mention of how many subscribers have crashed their accounts using their calls. It's really sad but if you look around the internet, you'll hear many horror stories of people who had decent accounts left with nothing in them after taking FX Univeral's Signals.

To Find out my complete FX UNIVERSAL REVIEW and to see my UNBIASED FOREX SIGNAL REVIEWS make sure to check out LearnForexDirectory.com.
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Wednesday, January 28, 2009

Forex Killer Review - Is There Money to Be Made?

Is there money to be made from the Forex Killer Trading system? That has to be the number one question people ask when they are researching this. or any other trading system, for that matter. It's getting harder and harder these days to tell what is a good quality product and what is the usual garbage you see people selling online.

As far as forex killer is concerned, if you are looking for some magical 1000 pips a day forex trading system, I will tell you right now, you are going to be disappointed. Frankly, you are going to be disappointed with any system for that matter because there is nothing available that will do that, especially on a consistent basis.

But if you are looking for a system that wins more than it loses and can get you those steady monthly pips that so many forex traders can't seem to get, then Forex Killer is not a bad option.

A good majority of the people that have purchased the system are happy with it. They are building their forex account nice and gradually.

There is one caveat to the Forex Killer System, though. And that is, that it shouldn't be taken straight out of the box and trade live. You have to demo it (of course) before you are ready to trade with real money. You have to see the system in action first, because there is some tweaking that has to be done to it, to give you the best odds of getting winning trades.

To see my complete forex killer review make sure to check out LearnForexDirectory.com

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Saturday, January 24, 2009

Wave59 Review - A Very Unique Piece of Software

The Wave59 trading software doesn't garner the same attention as some of the big boys get, but it is certainly one of the most unique charting platforms that is in the marketplace. We're all so used to hearing about the same old indicators that every one had used a million times over and over again. Indicators such as Stochastics and Moving Averages isn't exactly what I'd call revolutionary.

But Wave59 has a wide range of tools that can't be found anywhere else. For instance, they use astrology indicators, like an ephemeris and many others. Now, no matter what your opinion is on the subject, there is definitely and interesting correlation between the history of price action & movement with the astrological signs.

They may be the most famous for coming up with the Fibonnacci Vortex. It's this incredible pattern that let's you pick with great accuracy the of high and low swing points to the pip, many times. The only trouble is that it is not exactly mechanical by nature. It does leave a lot of room for interpretation.

You can also design your trading system, just like you could with Metatrader, but a big difference is that with Wave59, you could use neural nets to devise your indicators.

While many people feel that the software is very impressive, there are still quite a few people that have a hard time putting it all together to have success trading forex. This is probably mostly due to uniqueness of the tools, which people are just not used to.

To see my complete unbiased wave59 review, make sure to check out LearnForexDirectory.com.
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Friday, January 23, 2009

Trading Without Indicators - What's the Secret?

When most people hear that somebody is trading the forex markets without any indicators, there is an instant look of confusion that comes across the face. To them it sounds like driving with a blindfold on, But as a matter of fact, its the exact opposite.

Most people that trade without indicators have the same reaction to those traders who need 20 indicators on their charts in order for the pull the trigger on a trade. They look at the mass of indicators as if they were blocking their view of what's actually going on.

Trading without indicators has been around as long as the markets have. They call it price action. It's all done by the trader looking at the chart and understanding how the current movements of the price, compared to past movements, can be used to forecast future prices. In other words, everything we need to know, is right in front of us. There is no need to block our view with needless indicators.

For example there are certain patterns in the forex markets (actually all markets) that can be repeated on a constant basis. They are predictive in nature, as opposed to indicators like and RSI or MACD which are always lagging. They are only telling us what has already happened. Anybody can be a millionaire if they only tell you what has happened already. The real skill is using past information to make an informed decision about what the future holds. Trading without indicators is as close as we'll ever get to becoming a forex psychic.

Click Here to see what I used to learn which forex reviews which will help you trade.
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Thursday, January 22, 2009

Forex Raptor Review - A Quick Way to Kill Your Account

Prior to finally having success trading forex, I was just like everybody else who was struggling. I jumped from one indicator or system to the next. One of the systems I jumped on, only to jump off a month later was forex Raptor. Forex Raptor uses mathematical algorithms which analyze the markets and gives you entry and exit positions and the proper time to get in and out. It sounds great on paper doesn't it? Well, maybe that's where it should have stayed.

I found trading on it to be as intuitive as flipping a coin. It felt like I was just guessing. It provided me with no insight into the price movement of a currency. it genuinely felt like I was playing with some kind medieval calculator. The way it works is, you put information based on past bars (open, low, high, close) and it is supposed to predict the future. Not only was it incredibly unreliable doing that, but it was also extremely glitchy. I'd put a signal for a sell and I'd get a buy, and vice versa. Thankfully I only traded with a demo account and since I never made any money, I never went to a real account.

If there is one thing that I like about Forex Raptor, is that It caused me to ask myself "Why am I trading with something, if I have absolutely no idea why I'm buying or selling"? Software like forex Raptor is what made me get into the "less is more" approach trading methodology. Ever since then, I got rid of all my indicators (since I don't even know what they're supposed to mean) and I began to look at the market at its purest form. I've never looked back. So for that, I thank Forex Raptor.

Also, if you want to see more comments and complaints on forex raptor, then check out LearnForexDirectory.com
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