Forex Killer Review – The Thick and Skinny

icon1 Posted by Ivan in Forex Signal Providers on 03 14th, 2009 | no responses
1 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 5 (1 votes, average: 4.00 out of 5)
You need to be a registered member to rate this post.
Loading ... Loading ...

Click Here to go to the Forex Killer Website

The next forex product under the cyber telescope is the Forex Killer. A relatively older product on the market, and is primarily a signal generator type program which contains embedded mathematical algorithms designed to analyze and disclose when to buy and sell currencies based on the previous price movements of a particular currency pair.

The only thing that is required of you to be able to receive updated signals is to input the last 10 closing prices of any currency pair into the software. Once you have done this it will calculate whether there are any profitable trades available and share this information with you.

It is worthy to note that Forex Killer was created by a fellow by the name of Andreas Kirchberger, who just so happens to be a former top forex advisor for Deutsche Bank and who now makes a generous living through forex trading after deciding to fulfill his own dreams and not that of others, worthy aspirations that we all deserve to aspire after.

Now if it hasn’t already become apparent to you yet, you may begin to discover that in the world of forex trading receiving timely and accurate signals is a virtual must tactic if you desire generating a generous profit and reducing your overall losses from multiplying, and if you are nousing a automatic bot of some sort.

The way Andreas designed Forex Killer to work is by breaking down the percentage in pip changes and computing the ideal buy/sell time. The software is basically the same as most signal generator packages available on the net, and since it is primarily a signal generator you will be required to actually perform the trade as opposed to automated robot type systems such as FAP Turbo, and Forex Auto Pilot which do the trading for you automatically.

During my research I saw that many people who previously purchased Forex Killer, and kind enough to review the product, have claimed that the software is user friendly and utilizes a large button and menu format. But on the other hand other previous customers have complained that Forex Killer is less “newbie” friendly and a bit more complicated to learn.

I will discuss what I learned from many of the reviews I researched about the pro’s and con’s of this software package, but for the time being I will fill you in on some of the various aspects of this system and how it may benefit, and help you make increased profits.

What seems to be an industry standard if you want to compete is the inclusion of a demo account within the software package. If you are like most people who want to reduce the overall risk involved with forex trading it is generally a good idea to create a demo account to help you learn how to use the software, and more especially for this package.

If you are experiencing any difficulty using Forex Killer you will be pleased to learn that they have immediate customer service to handle any questions or concerns you might have which is a huge plus, and with constant updates, this product continues to get better and better.

Forex Killer has an interface that will allow you the option of inputting up to 10 closing prices on any timeframe ranging from 15 minutes to daily chart and then calculates longer term peaks and troughs in the price action data.

You then inform the software of the timeframe you have used, the number of decimals in the price quote (eg 1.9670 for GBP/USD is 4 decimals) and then let the program know what instrument you are trading.

Once you have completed the above setup you are able to click “calculate” and have the program give you a “probability” percentage of whether you should buy or sell and one of 3 signals –

  • BUY
  • SELL or
  • FLAT (no trade)

You will then get a “short term” and a “long term” signal, but I have discovered that it is not entirely clear how short the actual short term is, but it is probably safe to assume intraday to 3 days is short term and long term will more than likely be above this.

Now that you have a basic idea about how Forex Killer operates and some of the basic features I would now like to reveal some of the pro’s and con’s with this software and what you should be aware of before you decide to purchase it.

Pro’s of Forex Killer:

  • There are constant updates and bonuses being given to enhance the quality of the system.
  • Fantastic support and customer service available at any experience level.
  • As mentioned above, it comes with a demo account that will enable you the opportunity of playing with fake money before investing any real money.
  • If you happen to be new to Forex trading there is a forex e-book which goes over all of the basics of forex trading with tips submitted from other Forex Killer users
  • If you enter the coupon code “drta50off” upon check out you will be able to save an additional 50% off of the total price.
  • You don’t need to pay large amounts of money for companies to give you the signals because the software actually provides the signals.
  • You do not need to wait all day for signals that may never come.
  • You don’t have to learn anything about trends and analyzing to make a profit.

Everything listed above have come from previous users posting on forums and various other resources like blogs and reviews. Of course there is no perfect system out there so I was able to learn some of the con’s associated with Forex Killer such as:

  • The software is slightly more complicated to learn than other similar systems.
  • The main site is a tad bit confusing, but the support makes up for the confusion.
  • There is a language barrier (Andreas is German) that you may find a little different, but after a few uses you get used to a few misspellings.

Other than that it appears that Forex Killer is a sound investment if you are looking for an inexpensive signal generator and with the money back guarantee offered you can feel confident that you can make a profit with this system.

The only thing left to do is click here to learn more about Forex Killer



Leave a Reply