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Sunday, October 17, 2021

Forex Killer – What’s it All About?

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Here’s the interesting thing about the Forex Markets: they are always open. This is a market where currencies are traded around the clock, 24 hours a day. The Forex market the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US $3 trillion.

Andreas Kirchberger has created a Forex trading system that he claims can be used by anyone, even those new to the currency markets. However, don’t be fooled into thinking that because you now have a system that generates quality signals that your road to riches is paved and ready for you to travel on. I can tell you from experience that money management is really the key with any business endeavor.

Mr. Kirchberger’s software, “Forex-Killer” claims to be easy to use, even for someone who has never traded currencies. Let me say though that if you have never traded before the learning curve will seem a little steep in the beginning. For example, you’ll need to open a trading account, obtain market data to feed into the software and out pops your suggested market order. Of course, most importantly, you must have a business plan that you’re comfortable with in order to succeed. (As always, do not trade with money you cannot afford to risk losing).

Once set up Forex-Killer has proven to be fairly simple to use. Essentially it’s a “black-box” system. In other words, the algorithms and calculations used to arrive at the entry price, sell price and stop losses are embedded within the software, but I guess what really matters are the results.

Here are some of the more interesting features:

You can trade different timeframes: 5M, 15M, 30M and 1H for intraday trading and 4H, 1D, 1W for long term daily trading.

You can feed the Forex Killer with data from any broker’s platform, like Metatrader for free.

Personally, I hardly ever take anything at just its face value, and I feel the same way about this software. What I will say is that Mr. Kirchberger offers a guarantee, but more importantly, you can test the efficacy of Forex-Killer by trading a Demo account until you feel comfortable with your skills (remember I mentioned the steep learning curve earlier).

Source by Mike Yeager

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