Forex Trading System – Reviews and conclusions

This is the first Forex Trading System you will see a full review of in my blog.

Up to now all systems, methods and trading techniques shown in this blog were the authors own.

From time to time I will review and discuss Forex Trading Systems and Futures Trading Systems that I come across and consider worth investing in. There is no point reviewing systems that are useless or downright stupid, so consider these reviews as systems I not only recommend, but have added to my own methods.

As most of you know I have never been a great fan of automated trading systems as anyone who has been trading for a while will know that:

1. Market conditions keep changing.

2. When a whole number of trades are executed concurrently by hundreds or thousands of traders, the big boys notice it and react to counter those trades.

3. Trading is both science and art, when you understand and love what you do you will have better results.

This post will become a page so that you can navigate to it easily in the future as it moves down the post list. For those who’ve opted in you will receive notice of each news system review.

A quick note to skeptics, if you are planning on becoming a full time trader and doing it for a living you will have to spend some money on ‘tools of the trade’, same as any other profession. Buying new books, trading methods and paying for data is all part of this game.

That said, here is the first review:

Forex Trading Systems:

Forex Rebellion

Overview:

This system took me by surprise, I must admit, I was expecting more of the same, a woolly, half baked idea put together to sell to others. What I found was an incredibly precise, well thought out system and when I watched some of the videos on the sales page, it was clear that Russ Horn is a trader and a damn good one at that. As my regular readers know, my method of trading consists primarily of scalps and reversals, never have been much of a trend follower, preferring to choose turnarounds, for short and sharp move, which serve me well. Now, this system does both as it can be traded as a trend following system and is good at picking confirmed reversals. This is great as it can often get into a new fresh trend, and those are priceless.

Being keen I immediately put the system to the test in the real world, opened 2 positions and made around 50 pips each in 2 hours. Now 2 hours is a long time for your truely, but I managed to hold my breath and stay in. Needless to say I could have had another 20 pips or so, and that’s what is so good about Forex Rebellion, I have come to trust it very quickly and am learning to expand my scalper mentality, by taking ¼ position off after the initial push and manage the rest.

Ease of Use:

Ok, if you’ve been using MT4 (Metaquotes free charting package) for a while, you can set it up in a few minutes. If not, Russ has produced a few videos showing you extacly what to do, he’s even automated some of the process for you.

The documentation is great, no fluff, no beating about the bush, easy to use PDF and for those too lazy to read, a load of mini videos, detailing everything, setup, entry, stops, exits, the whole emchilada, this guy is a good teacher too. Each video is only 4 – 9 minutes long and there are numerous live trade videos for those (like me) who learn by example.

The Method:

A highly visual signal is issued for either short or long, entry point is visual too and is ahead, so that you do not enter at market but set a order. The stops are clear to see and are simplicity itself as are the target and trailing once you’re in the money. (In all the trades I took, the price never came near the original stops). Money management is easy, as all is clear and you can calculate sizing accordingly. Of course not all trades will be winners, however, Russ has figured a method to reverse a losing trade and profit from that, brilliant. There are some extra bonuses that help you select a high probability trade and videos on money management and emotions.

Conclusions:

If you are going to spend any money at all on both educating yourself and getting a great system, at $97.00 this is a steal, it’s worth far more in my opinion and I wouldn’t be surprised if demand pushes the price up.

*Update* Since writing this I have made over 500 pips using this Forex trading system in only 10 days.

Get this trully amazing system here ==> Forex Rebellion Forex Trading System

For Pivot point method Click Here ==> Pivot Points

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