Me

This is Mark from Germany. I am here to tell you my story of my forex failures and successes! I hope my experience will help you in choosing right solution for forex broker and signal services. I first got introduced to forex at the end of 1998. Many years later I became professional trader and made my living trading forex market.

You know in the risky world of forex you need to have a powerful weapon to help you in daily trading. For the last 5 years I used tons of different advisors, signal services etc. And most of them were just crap and junk and never work for me! So I decided to create this website with independent reviews of popular forex signal software, brokers and services to help new traders find their way in risky world of forex to make real and stable income! I hope you will like my independent reviews and find them interesting!

This is independent rating and review site. I never use or join any affiliate programs! I test all systems myself and publish my personal unbiased opinion.

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Forex Killer review

I guess that Forex Killer is really perspective project and can makes the trader's work easier and more profitable.

 
My Rating 88%
User Rating 92%
 

FOREX KILLER offers a proven money making method by the person who used to work for Deutsche Bank as a Forex advisor. It's rather nice, cause it's not one more self-taught person with no experience. So, let's test it carefully. FOREX KILLER is not an advisor, script and even not a book. It is working like an addition software, that analyses the market and gives you signals for enter and exit. It's not needed to enter the price by hands as it was necessary to do in other's product of different companies, no, you only must choose your broker software and "feed" Forex Killer with the needed data information. Then you use the special calculator and get your own signals. Everything is easy and seems to be good. But what's in real?

It's difficult to believe, but my testing showed, that the method of making signals is really profitable. But there are some disadvantages. I tell about them later. Now about results. First time I used to trade with Forex Killer I've got five losses one by one! Then two profits. And so on. The in the end I was in profit. I wanted to know why and found out one disadvantage. It's all the stop-losses! Their are too short. The system shows a right direction, but the price rippling made the stop-losses work. So, I put the longer stop-losses and , that's great, the system became to work stable.

So, my conclusion that it system suits to everyone. For novices at Forex it will be very useful, cause it let's not only to save money, but and make rather good profit! The experienced traders can use it like an additional system when it's no time to analyse the market. So, it very easy to let the program do it. The creators say that there will be free updates, so it a great opportunity to hope, that the system will become better and better, cause now the system still "catches the stop-losses", but I guess that Forex Killer is really perspective project and can makes the trader's work easier and more profitable.

Forex Autopilot review

They made really working Expert Advisor. Top choice automated expert advisor

 
My Rating 87%
User Rating 96%
 

FOREX AUTOPILOT Forex Autopilot system started in beginning of 2008 and in just few weeks became a world top selling expert advisor. Why? Because it is nearly one of few real systems that can really work and can really bring you money.
It is based on the combination of several indicators such as Fractals, Alligator, WPR etc. The results look promising. I have made advanced research and performed several backtests and live forward test that proved the system can really work on real money.

If you are interested in personal mentoring, advanced support options such as remote help, rapid email and live chat, phone support, discussion forum etc, I suggest you to join FAP-WINNER.com community. It is a new service for fap clients created by professional forex trader Charles. It already gained great popularity.

Stealth Forex review

A set of strange, magic indicators is just a set of standard, well-known indicators in new appearance.

 
My Rating 78%
User Rating 81%
 

The authors of this "unique" forex trading system STEALTH FOREX say us that they can make the money flow in our pockets and we'll be always on the right side of the market. Is it truth? Let's find out.

On the main page of the site we see rather strange graph with the arrows on it. Lower we can see something even more strange - sell/buy indicator, "magic" LCD indicator and the "secret" hybrid indicator. Well, maybe it seems that it's really work. I answer you "NO, it's NOT working" You'll ask me why. Ok, let's try to explain.

The first. "Sell or buy" or "How to find a trend". I am sure, that sell/indicator works rather easy: it uses the moving average with a very small period, so it "catches" every change of the market. But it's right way to bankruptcy. Later I'll explain why. The second. LCD indicator. It sounds like LCD TV!) What's the meaning of this indicator? You know, I've been trading a lot, but even I can't understand why it it there. By the way, the creators don't explain it too! Maybe it's just a kind of moving average with a little longer period. The third. Hybrid indicator. I don't want to say long time about it. Better I just tell you that it's just a standard stochastic or MACD. Every body know that yes, it works. But only on history. The signals for enter must be in time.

So, I, made it tested, I draw conclusion. A set of strange, magic indicators is just a set of standard, well-known indicators in new appearance. They use the short period moving average like buy/sell indicator and suggest us to buy even on downtrend. It's a great mistake. They use moving stop-losses, that never be activated, but swaps will "eat" your deposit. And the main, that this system work only on history, but when you trade online, you will get system signal in hours, when it is already late. As a result, the the money flow out of your pocket.

Forex trend system review

Well, are you ready to give a round sum for the system, that based on just a average price of currency in fixed period? A standard free software lets do that with no problem!

 
My Rating 68%
User Rating 65%
 

ForexTrendSystem is one more system of the trading "veteran"! Ok, let's check what is true and what is false in this trading system. I've read all the information about it, saw the graphs and want to tell you my opinion.
The first. Three trigger lines which tell you when to buy and when to sell. Why tree if the are parallel? The author don't explain) I Think that is just for a better appearance. People like to buy anything pretty, but not always useful. What these lines in reality? As I suppose, they show a trend? but how? The answer is very easy! There are moving averages. Exactly one moving average and two it's clones, that author added for better appearance. The second. "Long Short histogram". I guess that it's also a kind of moving average. Than longer is uptrend, then higher is histogram. And it's blue when it's uptrend. On downtrend it's works inside out, of course.

The third. Now a single word about stop-losses. The author writes: "A point to note here is there is no "Holy Grail" in trading. No person or system can guarantee 100% winning trades and no losses." But how to limit losses with his system? Nobody knows. Well, are you ready to give a round sum for the system, that based on just a average price of currency in fixed period. A standard free software lets do that with no problem.

In conclusion, I want to say, that contending that his system is profitable and user-friendly, he writes that "Past Results are not necessarily indicative of future results" and just says that he is not responsible for losses, made using his system. But, as a test shows, these losses are great, cause the system shows just the trend, without any corrections. The system for masochists - a slow way to margin call.

4xFindme review

Is it worth sitting all day long, looking at the monitor and waiting for signals, if the profit is really small? I had a lot of stop-losses.

 
My Rating 65%
User Rating 61%
 

Lets type the link and open the site 4xFindMe. Yeah, it looks rather impressive. But what hides under the pretty cover. Let's see, what do the creators suggest. 4XFindMe is a service, that sends you the forex signals from 4XFindMe Trading Team 24 hours a day. The signals can be accepted on your computer with special software or om mobile phone. So, it's not a system, it's a service.

Doing some easy operations, after the payment we get login and pass to the service. It costs $99. After downloading software, we see on the screen a program window. The signals begin accepting. The process of accepting it rather nice: pretty icons blinking friendly, warning you, than soon you'll have to open a short or long position, then tell you to enter the market, informing about T/P and S/L. Well, I don't how the analytics of 4XFindMe forecast the market, but some of their signals are really profitable. But some not. Sometimes I thought that the analytics of 4XFindMe just play roulette, watching graphs! By the way, 4XFindMe team sends signals for 8 currency pairs.

Concerning me, I would not like to use this. It is needed, that you will sit before the screen all the time, waiting for signals. Is it worth sitting all day long, looking at the monitor and waiting for signals, if the profit is really small? I had a lot of stop-losses. Conclusion: if you are a computer freak, staring at the graphs round the clock and you are too lazy to make your own system and one more lazy to find more profitable system in Internet, then yes, I can recommend this signal service.

4X Made Easy review

That is just a funny program for the people who want to pretend to be traders

 
My Rating 61%
User Rating 55%
 

You are a novice at Forex Trading. You want to earn money now already. You have no time to make your own trading system. But you are ready to pay for addition Forex Trading Service. For example, 4X Made Easy. It's an analyzing software that lets you "analyze the trend of up to 17 currency pairs based on what really matters—supply and demand." Let's see: is it really profitable or not. My first opinion was, that in this software the design is more important than the real use. And as I saw later that was really true. The software looks like the program for children, not like for serious traders. But maybe it's advantage for someone. But not for me.

The window of the program 4X Made Easy is rather primitive. There are Tutorial, Parameters, Overview, Money Management, Journal. I don't think that it is needed to describe all the screens. It it is clear what for they are. I just want to say how it works in complex. Frankly speaking, it works bad. Is it up or downtrend? Look at the arrow! When is it time to open position? Look the arrow! When is it time to close position? Look the arrow again! You know, it's even not a system! There is not a single word about "stop loss" and "take profit". It depends on you! But how could a novice at Forex Trading know where he or she should put S/L and T/P?

I haven't seen indicators in this software. There are only many screens, parameters, buttons, arrows that give you no use at all. I've been tested 4X Made Easy and my conclusion is: that is just a funny program for the people who want to pretend to be traders. It gives no recommendation for opening position, no signals. Only shows it is down or up on different time frames. It will not help beginners, but and for experienced trader there is no use. In common: will you use 4X Made Easy or not, the result will be the same. Margin call will catch you!

Expert-Forex-Systems review

We have a low-profitable system, that takes more nerves, that gives money. It's not stable, a huge amount of losses don't let to be sure in profit

 
My Rating 57%
User Rating 55%
 

The creator tries to influence the potential purchaser, saying about the scare statistics of loosing Forex traders. Telling us, the stories about the millions of ruined deposits. He suggest us to escape the common lot and become really profitable. We only must buy his products: books and advisor. Let's follow his advise and buy the books + the advisor. The creator don't put his cards on the table and don't tell the algorithm of how advisor works. So, we are obliged just to test it. Profit-loss-profit-loss-loss-profit-loss-profit-loss-profit. In the end, we have a very, very, very small profit. Such a result isn't convenient to me. And I think for every trader.

If the author of advisor would open it's algorithm, we could maybe improve it and it would earn more money. But the author refuse to do it and we have a low-profitable system, that takes more nerves, that gives money. It's not stable, a huge amount of losses don't let to be sure in profit. And unfortunately you have no opportunity to make it better.

It seems to me, that a grave disadvantage is that it works on all currency pairs and that's why there are so unpretentious results. It's impossible to make a universal trading system for all the pairs. It's too simple and unfinished, as I think. And some words about the books. It's even not worth describing it. There are many similar books in the Internet and you may get them fo free and not to buy for a high price. No new methods of trading, no new ways of technical analysis, just well known ways of forecasting the market. The ways that works only in theory, but has no practical value.

FOREX MHV review

In my humble opinion, this system is really not a system. It works like a lottery.

 
My Rating 55%
User Rating 51%
 

I've heard a lot about DIMONX6 and FORMULA 171322182723. But every person says different things about it: negative and positive. So, I visited its site and downloaded demo-version to check it myself. Let's see how it can make us rich. This trading system is distributing not like an advisor. It's full functional software that makes your own signals, basing on..just a price. So, I want to now how it works and how profitable it is.

DIMONX6. This system ask you to fill out six columns: Current price, Highest price within last 24 hours, Lowest price within last 24 hours, Price exactly 24 hours ago, Price exactly 48 hours ago, Price exactly 72 hours ago. When it is filled, you press start button and in some seconds your have your own signal for currency pair, you've chosen. Notice, DIMONX6 works with 15 currency pairs and it's crosses. What's the principle of making signals? Look into. As I see, there is only one variant: the system building the support and resistance levels, based on the prices in appointed perions of time. Yes, it's rather good way to forecast Forex market but you know, these levels are always changing after the price! So, once you've received signal, in just a minute you can enter the new price in column "Current price" and get another signal!)

FORMULA 171322182723. You know, it's the funniest method for making signals, I've ever seen. For example, pair AUD/NZD. Whatever the price is, we have to buy at "current price + 17 pips" and sell at "current price - 13 pips". And what's the purpose of buying system, if everybody can add +15 to price and subtract -13? I can't explain, why the creators call it "system"! it's a calculator! The stop losses and take profits don't fill automatically in both systems - we must think about it by ourself, reading user guide, provided by salers. That's not an advantage. In my humble opinion, this system is really not a system. It works like a lottery. But you can guess right without paying $88)

FreedomRocks review

Your profit here is only up to your fortune! With the same result you can just divine the direction of the price moving, or even flip a coin! The only one way I've found how to make this system earn is to resell it to others.

 
My Rating 45%
User Rating 56%
 

"Life is for living - not for working" - that's what the founders of FreedomRocks Inc. prove. They try to convince of that fact, that you can earn without labour. Remember one very famous, but important rule: the cat in gloves catches no mice. The Forex trading is the work and the aim of different system is to make this work easier, but not to make it mooch. So, when I read introduction and began to test the system I was very preconceived already.

As I understood later, it had been well founded. The system works on only one idea: you choose two correlating courses and open 2 buy or sell orders, so if one goes up, other goes down in some correlation, so in some periods you should be in plus. Should be. But your profit is only up to your fortune! With the same result you can just divine the direction of the price moving, or even flip a coin. It's one more system, that is really not a system. The only one way I've found how to make this system earn is to resell it to others.

Freedom Rocks is pretending to be serious, but in reality it is not so. Yes, there is a special membership area for system users, a lot of different links to trading recourses and brokers, different manuals and so on. But the most sorrow that there is no practical use of it at all! My test of it just crashed! My deposit came to the end in one week. By the way, the authors give no information how and where to put stop losses and take profits!So the margin call come quicker! My conservative estimate about this lottery-system is that it's really poor itself and will make you poor too.

5emas-forex-trading review

No magic. Nothing new. But underwater rock is that it does not always work, cause it doesn't take into account the fundamental factors, the volumes, the ratio of "bulls" and "bears" and technical figures.

 
My Rating 44%
User Rating 53%
 

As you can see from title of this system, it's based on 5 five moving averages with different periods. The authors prove that their system can potentially turn $1,000 into $1,000,000 in 24 months. Is it really true? To find the truth we must look into it's mechanism.

Ok, the system builds 5 EMA with the different periods: from the shortest to the longest. Signals to enter or exit can be different. It may be the intersection of 2 or 3 EMAs, or maybe a intersection of the price and EMA. I think everybody knows one great signal: if the price crosses the moving average from the bottom - it time to buy, if from the top - time to sell. It's written about this "signal" in every Forex trading book. But if it is so easy, why not all the traders makes profit? The answer is clear: the MA is just an indicator showing an average price of any currency pair. And no wonder that you cannot say that it's 100% right signal.

Another EMA's (specially with long periods) function is to show support or resistance level. If the prise cannot cross EMA for a long time, it's evident, that this EMA is now a support for the price. So, we wait, that when the price go to this level again, it will repel or, if cross, than will fall more. And it's practically all the system. No magic. Nothing new. But underwater rock is that it does not always work, cause it doesn't take into account the fundamental factors, the volumes, the ratio of "bulls" and "bears" and technical figures. So, I can advise it only to experienced traders, as an addition to their system with other indicators or like a foundation for their system, but not more. The novices at Forex will not be able to use it and make their trading profitable. The system is too crude. Their advisor is a kind of very long way to margin call, like a standard MetaTrader4 MA advisor. And even the bonus books will not help you.

Forex-trading-machine

Most of them are "the history and theory systems" and don't work in real, and the others are just a kind of flipping a coin.

 
My Rating 42%
User Rating 51%
 

First of all, I'd like to tell, that the creator sells not a system, but a manual how to make a system, so it's already risky! But ok, let's look what is it in real. Maybe it's Grail :) Frankly speaking, I could not stand all the books, but I may tell something about the things I've read. My opinion, that the author not "trading several types of markets for over 11 years.", but have been reading Forex manuals, books, forums, websites for 11 years. Yes, there is a lot of good and valuable information is his books. The author proves, that he know everything about Forex and will teach you to become rich. But I don't understand one thing. He writes "Using trading strategies that 99% of traders use will not make you successful, I GUARANTEE that. It is using strategies that ONLY 1% of traders use that will make you more successful in the Forex trading business than you have ever dreamed of." And what's the goal then to sell "the recipe of riches" to everyone who wants. Don't Avi Frister afraid of the fact, that more than 1% of traders will buy his books? Rather strange, you see?

But let's return to the system's, described in the books. Most of them are "the history and theory systems" and don't work in real, and the others are just a kind of flipping a coin. For example to open two-sides orders before important economic reports. But there are some rather good manuals too!

So, I think, that this book will be useful just to know more about Forex Market, the way it works. The professionals maybe will find something new. But maybe not. But danger is that the beginners can take as a matter of course, that they must trade like the author! No, no and again no! This is like a additional material and that's all. How much profit will it bring? It depends on you)

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