Forex Killer Trading Strategy for Beginners

Beginner Forex Trading Strategy with Forex Killer Software

Ok kids, here we go. This is a very basic, down and dirty Forex Killer Trading Strategy.

The first thing is that I absolutely refuse to guarantee you will make tons of money with this strategy. I'm not going to set you up to fail by promising you the moon and stars. What I can tell you is that if you use this strategy with strict money management in mind and use extremely small lots, you can make small but consistent profits.

Once you get the hang of it, you should only be spending about 10 minutes per day.

I would prefer you try this on a demo account first before risking real money, particularly if you've never done any forex trading.

1. (0.01 lot size) Trade extremely small lots for safety.
2. NEVER trade on Friday.
3. Designate a time of day to begin trading.
4. Open up both Forex Killer and Metatrader (You can download Metatrader FREE)
5. Open the one hour(1H) charts for all the currency pairs available on Forex Killer (they're on the drop down menu). Save all the data from this charts to a directory you choose.
6.Choose one pair and load it to Forex Killer.
7.Locate the correct currency and time frame (1H) on the drop down menus.
8. Press the "calculate" button and wait until you can see the results.
THIS IS THE IMPORTANT PART - PLEASE READ THE FOLLOWING VERY CAREFULLY
9. Once you have the results, look to see if the trading signals (Buy, Sell, No Trade) for both short term and long term trading match.
10. IF they match, then look at the probabilities that are below the charts.
11. IF at least one probability is at least 70% or more, then go back to Metatrader and find your daily chart for that currency pair.
12.Check to see that the signal generated by Forex Killer matches the trend you see on Metatrader. (It will be going up, going down, or going sideways.)
13. IF all of the above match, then take the trade using the long term stop loss and take profit values from Forex Killer.
14. Set a trailing stop-loss at 35 pips.
15. Repeat this process for each currency pair. DO NOT take a trade if ALL the above rules are not met.
16. Leave the trades alone until the same time the next day.
17. Do not close the trades yourself. Wait until they are closed by one of your preset stops or take profit values.

Repeat this process as often as ALL criteria rules are met.

That's it. Forex Killer Trading Strategy for Beginners!

How To Use Forex Killer

I bought Forex Killer - Now What Do I Do?

Ok, so you bounced out and bought Forex Killer.

Now what do you do?

At first glance, this system looks like any knucklehead with more than two brain cells to rub together should be able to make it work very easily. This software application has really big buttons and simple looking graphs...so it's got to be super easy...NOT!!

Although the instruction manual details out how to set up Forex Killer, they DO NOT teach you how to use Forex Killer properly so that you will be profitable in your forex trading. They assume that you are at least familiar with how trading works.

This is unfortunate and something I feel Andreas should correct if he is going to tout this program as good for beginners. with a bit of instruction, I think that beginners can profit while they learn.

If you're interested in a simple forex trading strategy for Forex Killer, then read this post. Click Here

The Forex System: Is it a Scam?

Have you ever wondered about the forex system? Is it a scam?

There are lot's of forex systems available. Some completely automated and others are educations systems meant to teach you to trade on your own.

Many people like the thought of automated forex trding systems. When trying to decide which one to choose you need to ask yourself a few questions that seem basic, but are vital to your trading succes.

1. Can the system really perform?
2. Does it give reliable and accurate signals?
3. What type of signals are generated?
4. What is time frame basis of the signals and can you use more than one time frame for your trades?
5. What type of technical indicators are used to generate the signals?

The sales pitches of many forex trading systems tend to be overdone, but that does not mean the software itself is faulty. Regardless of claims, every forex system should be subjected to close examination.

Take a good look at multiple forex systems before you purchase one. Put it to the test immediately and make your own judgement of whether or not the system is useful to you. If it's not to your liking, then by all means request a refund and try something else.