Tired of seeing red in a sea of Forex Metatrader 4 indicator products? Well, before you know it, another forex signal product for Metatrader 4 has found itself on the market, and it is called the “London Forex Rush System.” Do we think it is a scam? Well, let’s see what Al Russell, the creator of the system is up to.
The London Rush Forex System, is a trading advisor that was designed to generate a signal to use while trading intraday in the London market. This market trades between the hours of 800GMT and 400GMT. The advantage here, is to only trade two hours in a day. Al claims that you do not have to do any technical analysis, and that you do not have to have a ton of experience in trading forex.
How the system works, is at the time when the Japanese markets give way to the London Markets, Traders from the larger banking institutions will throw their cash right into the market, creating swings within a 100 pip range. The signals included in the system will detect this, and tell you when the appropriate time is for placing a long or a short position.
So, instead of sitting around like the majority of intraday traders, which do nothing but sit in front of their trading computer all day, and watch signals contradict each other and put their minds into a spin, this signal will tell you to buy or sell. You don’t have to even understand how one thing works on forex as you wouldn’t have to look for waves to form or certain EMA crosses, as it tells you in plain English.
By: Thomas Howell
Review of Two Forex Analysis Software Packages
by admin
The most profitable stock traders often act on inside information, or information about the market that the average investor doesn’t know or even have access to. This isn’t true of the forex trading market. All the information needed to analyze the market and make well-researched trades is available to anyone. The problem is having the time to gather enough information, analyze that information and turn it into profitable trades.
That’s where forex trading software comes in. It is designed to follow trends in the market and recognize when a favorable position is likely to occur.
That doesn’t sound so hard. And, in fact, it isn’t. You can learn which trends to watch for and gather all the information yourself. The trouble with doing it manually is that the amount of data needed to track trends of every currency pair is voluminous! You can cut it down some, spend full time at it and still miss some important profitable trends. Having software do it for you is a huge assist.
Another good reason to use these forex trading analysis tools is to learn how the forex market works. Charts and analyses will lay out the trends the software is tracking. When it makes a recommendation, you’ll see what happened in the market to make the software foresee a significant jump coming. In this way, you’ll gradually increase your knowledge and learn how to make a greater percentage of wise trades.
Here are two good forex trading software packages at different price ranges. Choosing either one will be of great benefit. Of course, the more expensive one is superior by far, but your budget may dictate where you start.
TRADING SOLUTIONS
Trading Solutions is one of the most comprehensive forex trading tools on the market. It is very customizable and the incredible in-depth analysis given is second to none. Here are some of its features:
- Flexible charting tools – Easy-to-use interface – Customizable spreadsheets – Step-by-step wizards – Advanced technical analysis – Comprehensive signal analysis
It’s pricey at $995, but it’s worth it, if you can afford it. Plus, you get a free trial. Give it a try and see if your trading success improves during the trial period. Perhaps you’ll find a way to dig up that purchase price!
LAZY TRADING
At $79, Lazy Trading is a much less robust tool for forex trading. But it could be the right tool if you’re a beginner and just can’t afford a more complete software analysis package.
It’s a simplified version in most ways. It still does all the hard work by retrieving the forex data and analyzing and finding the trends. However, it won’t present the detailed charts and in-depth analysis that Trading Solutions does. Instead it just displays a simple text recommendation saying if you should trade and if so, what you should trade. If you still find all the graphs and stats confusing, this will work for you as you learn. If you’re experienced at forex trading, this one will surely be lacking the detail you’ll want.
No matter which forex trading software package you choose, you should see a substantial increase in favorable trades in your account by using it.
By: Michael Russell
Forex Killer Vs Forex Tracer
by admin
Among all forex autopilot software available in the market, Forex Killer and Forex Tracer are quite popular in terms of sales and user feedbacks. Here we plan to compare these two forex autopilots to find out which one is the best. We start with Forex Killer. The software comes at a moderate price of $89 along with a 60-day money back guarantee. It comes with the downloadable installer, which means when you click on the download button in the website after making the online payment, it gets installed in your PC. The earning potential and success rate it presents is quite good. When tested in real trading conditions with an initial sum of $200, it returned a profit of around $702.
The software offers quite a few exciting bonuses for the purchasers. The first is the Forex e-book, which you can consult for developing the basic ideas on forex trading. Forex Killer is also backed by a non-farm-payroll strategy. With every package you get an exclusive money manager applet and risk calculator. The software also claims to support other winning forex trading strategies developed by existing users of the software. The instruction on setting up and installations are quite easy to follow, and the system has the potential of earning profit, which, however may be less than Forex Tracer.
Forex Killer is said to be the only working forex signal generator. If you have this autopilot with you, you won’t need any supplementary signal services anymore. For a fast changing market like forex, the accurate signals and timely delivery of those signals are both important. If you have your own exclusive forex signals you have an edge over other traders. Forex killer is capable of doing so. The software can be used by the beginners and professional traders similarly. With just $500 in your account you can start trading with Forex Killer. It has a unique dual mode. It works with any existing automated trading platform and also works as an independent program.
But when we compared the ease of operation of this software with Forex Tracer, we were not very happy. The operations took longer than usual and definitely more than Forex Tracer. The software also expects slightly higher level of learning from its user which may prove to be a bit frustrating, especially for the new investors.
Forex Tracer is a new autopilot that is catching the fancy of the forex traders quite fast. A $200 initial investment yielded $1,345.34 profit. This highly profitable system lets you earn $18,000 in less than nine days. When tested under real trading conditions, it returned greater profit than Forex Killer. This universal software can be applied on any currency pairs and can be traded from any corner of the world. The ease of operations making the program extremely appealing to the new traders. Weighing the features the software has the $97 price seems to be quite reasonable. You need not have any specialized computer skill to run the program. And, finally if you are not happy with its performance, take your money back within 60 days. There is practically no risk in buying Forex Tracer.
By: Logan Daily
