Forex Killer is a forex system that can allegedly earn you over $500,000 in less than two months, if you believe some of the reports. While forex can be profitable for the skilled few, claims like these sound a little far fetched to say the least. Does it live up to it? Read on to get the lowdown on Forex Killer…

Trading programs like Forex Killer have been around for a number of years now. The basic idea is that you install some software onto your computer, open an account with an online brokerage service (very simple to do and free) and then let the software do the work and generate profitable trade after profitable trade.

Forex Killer has a slight difference from the majority of software like this, in that it will require you to input some figures obtained from the brokerage software, so it can generate signals. This is simple, just a matter of literally putting numbers in ten boxes and then hitting the “Calculate” button. Once you’ve done this the Forex Killer software will go to work, and come back to you with some signals/instructions. All you need to do from there is buy when it tells you, and sell when it tells you. Pretty simple.

The downside to programs like this, is that they aren’t completely infallible. Basically they work on percentages and probabilities and past patterns etc, which is not to say it’s a bad thing, but it means the results are not guaranteed. Be that as it may, Forex Killer and other related programs can be very profitable, as long as you take the time to set sensible stop losses and take profit targets.

A huge benefit that Forex Killer and a few of the other similar programs share is that they will provide you with a free $500 demo account with certain brokers. This means you can effectively test the programs out with “play” money using real signals and real figures from the foreign exchange markets. This can be a great way to give you increased confidence before you take the plunge. Couple that with the fact that Forex Killer has a 60 day money back guarantee, and you have a very tempting money making proposition.

By: Felix Gould