Friday, March 14, 2008
Forex Assassin Review - I made few trades
I bought Forex Assassin system yesterday since It was recommended to me by a forex expert who I know is very reputed. Along with that what made me curious was the claim that this system will require only few min per week to identify and placing a forex trade.
So yesterday I bought it & started going through it to understand strategy. I was also looking at which currency pair does it works for. I always use the system that work with atleast EUR/USD and GBP/USD.
I completed reading it within 2 hrs. The book contains no fluff . Just straightforward points.
I was paying special attention to the formula of Forex Assassin system and the logic behind it. It looked to be pretty interesting, though it took a while for me to understand it.
But being good on paper is one thing. I was very interested in finding out how will the strategy work in the live market.
So, as always with any system I use in beginning, I applied the strategy of Forex Assassin in my Demo account. Yes, Demo account!! Why risk real money on an un-tried system?
I placed a buy trade on EUR/USD in the British session at the entry point mentioned by the formula. The exit point was only 37 pips away. Generally I don't trade with these tight targets, but I needed to try this system. And it was demo account, so there was no risk.
Forex Assassin worked!! Yes, I made 37 pips in just 2 hrs. It was nice.
After that I tried the system on EUR/USD again and GBP/USD to see how reliable it is. Both time I ended up making profits of about 50 pips and 57 pips. So, inall I made 144 pips with 3 trades.
This is great to know. But I'll continue making few more trades and then if the results are reliable, then I'll switch to trade in live market on as soon as coming Wednesday.
Click Here if you want your copy of Forex Assassin
Remember, once you buy it, use it 1st on a demo account and once you get used to it, then only use the strategies on live account.
This is so far my review of Forex Assassin.
So yesterday I bought it & started going through it to understand strategy. I was also looking at which currency pair does it works for. I always use the system that work with atleast EUR/USD and GBP/USD.
I completed reading it within 2 hrs. The book contains no fluff . Just straightforward points.
I was paying special attention to the formula of Forex Assassin system and the logic behind it. It looked to be pretty interesting, though it took a while for me to understand it.
But being good on paper is one thing. I was very interested in finding out how will the strategy work in the live market.
So, as always with any system I use in beginning, I applied the strategy of Forex Assassin in my Demo account. Yes, Demo account!! Why risk real money on an un-tried system?
I placed a buy trade on EUR/USD in the British session at the entry point mentioned by the formula. The exit point was only 37 pips away. Generally I don't trade with these tight targets, but I needed to try this system. And it was demo account, so there was no risk.
Forex Assassin worked!! Yes, I made 37 pips in just 2 hrs. It was nice.
After that I tried the system on EUR/USD again and GBP/USD to see how reliable it is. Both time I ended up making profits of about 50 pips and 57 pips. So, inall I made 144 pips with 3 trades.
This is great to know. But I'll continue making few more trades and then if the results are reliable, then I'll switch to trade in live market on as soon as coming Wednesday.
Click Here if you want your copy of Forex Assassin
Remember, once you buy it, use it 1st on a demo account and once you get used to it, then only use the strategies on live account.
This is so far my review of Forex Assassin.
Labels: EUR/USD, Forex Assassin, forex assassin formula, Forex Assassin review
Comments:
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Are you sure you are actually
talking about the Forex Assassin
system? I also purchased the
system, but nowhere within the
suggested rules sets were profits
of 37 pips, or 51 pips recommended.
One would hope that you actually did know something about the system
you are pushing and not just writing fake reviews with the intent of generating affiliate
profits for yourself.
talking about the Forex Assassin
system? I also purchased the
system, but nowhere within the
suggested rules sets were profits
of 37 pips, or 51 pips recommended.
One would hope that you actually did know something about the system
you are pushing and not just writing fake reviews with the intent of generating affiliate
profits for yourself.
# posted by 
: 6:45 PM
: 6:45 PM
Thanks for leaving you comments. I could have left the trade open for few more hours, but I had to close it since the FOMC rate decision was about to break out and my rule is that I don't trade during fundamental announcements.
Ofcourse I am sharing these results so that people can buy the product using my affiliate links. However, I am also sharing with them my Forex Strategy for FREE!
Ofcourse I am sharing these results so that people can buy the product using my affiliate links. However, I am also sharing with them my Forex Strategy for FREE!
Forex Assassin should use the slogan: Assasinate your Forex account!
Its signals are based on percentages of the range of the previous week and have don't even take into account basic support/resistence, meaning you could easily end up buying just below resistence or selling just above support. And that's just one example.
I tried its formula out with EUR/USD for the first few weeks of 2009 and no matter the profit and stop loss targets I chose it almost always lost money.
Even if you use sound moeny management and win a few trades, it won't be long before a string of bad signals comes along and blows up your account!
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Its signals are based on percentages of the range of the previous week and have don't even take into account basic support/resistence, meaning you could easily end up buying just below resistence or selling just above support. And that's just one example.
I tried its formula out with EUR/USD for the first few weeks of 2009 and no matter the profit and stop loss targets I chose it almost always lost money.
Even if you use sound moeny management and win a few trades, it won't be long before a string of bad signals comes along and blows up your account!
# posted by : 7:00 AM
: 7:00 AM<< Home
