One fine day, it was a windy wednesday about a year ago. I was in the midst of my usual trading routines at my home office. I remember very vividly I was holding an approximately $200,000.- worth of USD/JPY futures position and another contract of USD/NZD futures worth approximately $78,000.-, or almost in full account margin at that time. Then came a telephone call from the hospital. Bud, a colleague of 20-years who has been through thick and thin with me was rushed to ER due to his lung problem. I rushed down to the hospital immediately. Four hours later, when the market closed, I just realized that I have forgotten to close my positions before I left for the hospital. And to my horror, the USD/JPY market went against me and my USD/JPY position was forced-closed (that is, the online brokerage system automatically closed my trading position as my losses was nearly as much as my trading account's allowed margin). My USD/NZD position was not closed as the market went to profit and I made about $4,200.- for that trade.
I then went on to close my USD/NZD position as I was very pissed off. That faithful day, I lost about 70% of my trading account within one day.
I could easily blame the situation and give up, but I decided not to. In fact, that incident made me think about one question that until today, it has been a turning point of my trading career. My profit has grown to nearly nine-times faster from that day. The question was: "Is there a better way to trade?" - whereby I don't have to be desk-bound throughout the market hours. After nearly 3 years of traditional forex trading (yes, heart-attack and sleepless nights included), I started to wonder whether there's anything in this world that would make trading much easier, more flexible, and most important of all, more profitable for me.
I called a good friend of mine who works in a corporation who trades on behalf of wealthy people. I think people call him a fund manager. I asked him the precise same question: "How to trade currencies better but easier, that even a person with no experience can make money?, Is there a tool or a program or a system other than trading the conventional way?"
He told me he has never used one, but heard of a piece of forex trading system that one of his client has been using profitably for the last year or so. I then decided to get a copy since at less than one hundred dollars, the forex software he mentioned is surprisingly affordable.
I was very skeptical initially as the software claims a lot of features that were literally an eyebrow raiser.
Imagine this :
The software is able to generate YOUR own custom Buy, Sell, or No Trade forex trading signal. I was like, WHAT?!! All this while as a trader I was squeezing my brain and pushing my luck to get the best possible Buy, Sell, or No Trade signals and now these can be generated by a computer program for free? As a trader, if a software can do this, then it's like having the magic wand in trading.
Another one: Forex Killer claims that you only need to input past ten closing prices of the forex currency pair that you want to trade and the software will calculate the signals (buy, sell, or no trade) automatically for you. A trader usually spends like bulk of their time researching forex news, analysis, etc for the only purpose of making a trading decision during market hours. Now this software only asks for past ten closing prices and Voila!, the signals are ready. Is this a scam or what? I'm definitely skeptical. For what I know, you can buy trading signal but its very pricey.
According to the website, one only need to spend a few minutes a day, and you can earn up to $10,000+ daily. -> Sounds familiar?.. Have you ever looked at your spam e-mail folder? Mine is flooded with over-hyped claims like these. These types of claims is a turn off for me, makes me think that Forex Killer is just another forex scam.
The rest of Forex Killer features seems pretty believable to me, only the above three still bothers me. I am still unsure whether Forex Killer is really another online scam, or is it a true solution to make forex trading easier and more profitable.
I bought Forex Killer anyway, I really thought that if all the features are true, then I've hit a jackpot. If the claims turn out to be bogus, it doesn't cost me a fortune anyway. It's like trading your eighty something dollars for a chance to financial freedom :-)
So there I goes, having bought the whole forex software package, very excited. The good thing is that I don't have to wait for the UPS guy to came knocking on my door sending the package. As soon as I purchased it, I get the download link automatically from the website and I get to try it right away.
It came with some pretty decent bonus materials but I'll come back to it later.
After installing and activating the software, I have decided to do a little bit more research. I don't really like to simply follow instructions without knowing exactly what I'm doing and what I should expect from the things that I do. Here's what I have found out so that you don't have to do your own research:
... (to be continued in part 2 due to maximum length limit - if you can't find the link to part 2 within this page, please visit
my website)
Automated Forex Trading has turned my trading income and lifestyle to greater level. Forex Killer helped me achieve higher profit in less time. To find out more about Forex-Killer and other forex tips, visit
Forex-Sniper Blog. You can also get access to Chris' Currency Trading Newsletter at
Forex-Sniper Website.
