Forex Killer Review - Will it Kill Your Bank Account?
This morning I went searching for Forex Killer reviews. I thought I’d take a look at the very first 10 reviews and find out what they happen to have in common. The very first review I ran across is, of course, positive. The second was a positive review as well. The third review was a positive as well. I was starting to see a pattern here that none of these reviews really went into very much detail.
The very next review I read was by an individual that had taken a few trades using the Forex Killer software signals. He was up a number of pips on the few trades he taken to which I believe was less than 10 so he seemed very excited in his review.
Okay. So it was clear to me now that after going through the first 10 Forex Killer reviews that everyone was going to have something good to say about Forex Killer. That means it Forex Killer must be great right? Well, not necessarily. Not a single one of the reviews that I saw was written by anyone who remotely resembled a real Forex trader. The proof that they offered that Forex killer was the greatest thing since sliced bread and worked like a charm was usually a few days on the demo account.
One good thing I can say about Forex Killer is it least it is some type of trading system and typically having some type of trading system is better than not having any trading system at all. Having a trading system can help you eliminate guesswork and keep your emotions under control during live trading.
When looking through the Forex Killer literature I noticed that there was a picture of a statement showing two months worth of live trading. At first glance this was extremely impressive especially since it displays a $100,000 account becoming an account worth over $600,000. If you’ve not traded Forex before and even if you have it would be very easy to be impressed by these numbers. Truthfully, however, a two month track record is way too short to allow anyone to evaluate a Forex trading system. I can say with great certainty that even a bad Forex trading system can have two good months. So for me, as an experienced trader, this was not impressive.
The point I’m trying to make here is if Forex Killer is the end-all and be-all in Forex trading then why not show a track record with a longer period say three to five years for instance. After all, if you created a software that it had brilliant performance for three to five years wouldn’t you show the entire track record? Of course you would.
Please understand that I am not saying that you cannot make money with Forex Killer. What I am saying is that you should do yourself a favor and investigate further before buying any Forex trading system software. Even after you do that you should still paper trade using a demo account until you feel comfortable with the results. Want to know more about Forex Killer software?
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