Thursday, November 22, 2007
Forex Killer Review: Does the software live up to the hype?
Trading in Forex (The worldwide trading of foreign currency) has become quite prolific online in the last several years. There are many programs which claim to make it an almost scientific proposal. However, as any studious internet surfer knows the web is unfortunately full of scams. This Review will attempt to shed some light on the Forex Killer software.
Andy Kerkberger, the creator of the FOREX killer software claims that the his software is the end all be all to Forex trading. Such a claim naturally sounds doubtful. Visit Forex Killer
Before I examine the software, I must first explain some basics in Forex. Forex is a global market in which currencies of all sorts are traded. The Forex market unlike a stock market, is not centralized and can be traded continuously 24 hours a day seven days a week. The way in which you make money is by purchasing a block of a particular currency (British Pounds for example) and you believe that the value will appreciate against the US dollar. Well when the value of the pound goes up you will then use your holdings in pounds to buy dollars, thus realizing a profit in the difference.
There are many terms to know in Forex but the most important without any doubt is "pip". A pip is the smallest value in a trading percentage. For instance if the one British pound was worth $2.043 US at noon, and 1:00 is worth $2.046;the value increased by two pips. Visit Forex Killer
Now for the software.
The Forex Killer software uses advances mathematical algorithms to analyze Forex trading patterns. The software tells you when the best time is to buy, and when the best time is to sell. By analyzing the movement of "pips" the software can calculate when the trader will most likely realize a profit. Visit Forex Killer
Many of you are probably wondering if the system is fool proof.. the answer is no. The Forex market operates 24 hours a day and can not save you from a trade you should have made while sleeping. Also, like any investment vehicle the Forex market is large ($3.4 Trillion traded daily) and requires a basic understanding. Luckily, Andy includes a Forex crash course for free, even without buying it.
There are many ways to make a living from home and how you make one is ultimately up to you. However, if you wish to give Forex a try I would recommend this software as a valuable trading aid. In the last week I have personally realized $350 by following this system. I know it's not a lot but I don't trade Forex that much. But at any length I hope this review was helpful and I wish you the best of luck!
CLICK HERE TO READ MORE ABOUT THE FOREX KILLER SOFTWARE
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