I've been reading Forex Killer reviews lately and it seems to be that the results are definitely a mixed bag. Some people absolutely love it and it's their favorite piece of automated trading software. They use the software daily and are very happy with the profits they make. Other people, on the other hand, hated it, say Forex Killer is a scam, and couldn't wait to get their money back. So what gives? What's the difference between loving this piece of software and thinking it's a piece of junk?
I personally think that the major difference boils down to knowledge and experience in foreign exchange trading. I don't think that any piece of software is going to do all the work for you while you just sit back and rake in the cash. While that would be really cool, it's an unrealistic expectation in the real world. Anything worthwhile has a certain amount of work attached to it.
What this forex signal software will do is make the input of data easier. It will also generate a break out and trend trading signal along with an estimated probability of a successful trade. This is where Forex Killer's job ends and your job begins. It's your job to decide if the trading signal is in agreement with your own technical analysis of the market. No software on the market can do that comparison work for you.
It's important that you not rely 100% on a piece of software. If you are going to trade forex, there is simply no substitute for educating yourself on how the market works so that you can make a more educated and calculated trade. There are many different trading styles, and you must find one that suits your risk tolerance. I personally prefer the H1 Breakout System that Forex Killer uses because I find that I trade profitably about 75% of the time with the breakout plus trend following style. It suits both my temperament and risk tolerance.
If you currently have no experience in trading forex, then my suggestion would be to buy Forex Killer and read both the manual and the beginner's crash course that's provided with your purchase. Once you understand the basics of trading the market, open a trading account that will allow you to practice, also called paper trading, for free. DO NOT make a trade with real money until you are making consistent profits with your free paper trading. Trust me, if you can't make money in practice trades, you won't make money with a real trade.
While Forex Killer reviews are varied, please keep in mind that the general difference between a positive and negative review has much to do with knowledge and experience. Forex Killer is not a scam, it's simply a tool with which you can make a more educated, therefore, more profitable trade.
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