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My Final Forex Killer Review

January 11, 2009

Well, it’s not much of a review, rather than a final comment on why this software really isn’t worth your time.  Like I’ve said many times, Forex Killer works just fine, but there are other things out there to help you trade that are much more worth your time and in some instances free of cost to you.

I decided to make this post because I still see a large portion of my visitors searching for Forex Killer in some way shape or form.  Most people ask, Is Forex Killer a Scam?  Well, I do believe Forex Killer does exactly what it says it does.  But perhaps it shifts focus off of a trader’s inherent responsibility to actually learn how to trade, with promises to make you rich simply and without stress.  I’ve come to appreciate a healthy amount of stress while trading, careful to not get too comfortable in any one method, following any one indicator, or any one signal provider. The market is always changing, evolving perhaps, adapting definitely, so what works one day may not work the next.

While it’s not necessary for a forex trader to be “aggressive” in his trading style, I believe just trading with Forex Killer in one’s system is not proactive enough to make “a killing” like the software promises. 11-12-08-multimap-flips.png The whole idea of cutting and pasting the last X amount of closing prices then calculating which way the trend is can easily be found in a number of different indicators and methods.  Seeing recently what TopGun Software can compute and graphically present, for instance, their one of a kind FX Multimap can instantly show you the strength of a pair or an individual currency vs all other currencies.  Flips of this Multimap from red to green usually indicator a change of direction or resumption of a previous upward trend.  Either way, weakness is disappearing and strength is continuing and this is shown to you in an instant and you did nothing except add this indicator to your chart. Another great thing about Topgun is the recent Narrow Range Breakout Script that intuitively adds lines above and below the levels of important ranges.  Used in concert with flips of FX MultiMaps from green to red or red to green, a successful trade becomes all the more likely.  Forex Killer could NEVER give you such amazingly simple indications of when to enter a trade.  Exiting a trade is just as simple if you just add a trailing chandelier stop.  It’s hard to do much of anything with Forex Killer except identify how likely a trade is to go up, but if you took any sort of Forex education, you’d probably hear at some point that you ought not trade on what you think “might” happen, rather, trade based on what you see is happening.  TopGun has scores of other indicators I am just learning about, so I’ll keep you updated on this software of the next few months.

The only downside to TopGun Software is that it costs approximately $250 per month to pay for E-Signal feeds and the software itself (free if you sign up for FXCM under TopGun as an Introducing Broker Client).

That is just one big “for instance” when looking for alternatives to programs such as FOREX KILLER.  Not much else to say except there is undoubtedly many things better than Forex Killer in the world today.

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Rating: 9.4/10 (17 votes cast)
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Rating: +3 (from 3 votes)
My Final Forex Killer Review, 9.4 out of 10 based on 17 ratings

Comments

18 Responses to “My Final Forex Killer Review”

  1. Forex » My Final Forex Killer Review on January 11th, 2009 5:20 am
  2. My Final Forex Killer Review on January 11th, 2009 6:07 am
  3. steph on January 14th, 2009 7:23 pm

    When you google “FOREX KILLER” 320,000 results are returned. Incredible. Forex Killer is talked about almost as much as “FOREX EDUCATION” with 520,000 results!!!

      

  4. Anonymous on January 28th, 2009 1:30 pm

    Sorry to see this is your final forex killer review, I guess it wasn’t that much of a killer in the end huh?

      

  5. JJ on February 5th, 2009 1:33 am

    There is a very promising new Automated Forex Trading Software to be released in February 09. It uses a very advanced mathematical algorithm to early detect trends, and a sophisticated money management feature to minimize losses, therefore having a perfect balance between risk and profitability. Click on my signature to visit the official site.

    The Automated Forex Trading software is free of charge. We get paid a commission fee of 10% taken on a high-watermark basis on your profits, and server management fee is $xx a month to cover the cost of 24/7 reliable internet, back-up and data center cost. The server fee will be waived if you have not profited in a particular month.

      

  6. Anonymous on February 6th, 2009 9:45 pm

    That Automated Forex Trading site in the post above is pretty cool, i think i might join up for the hell of it you know?

      

  7. ahmad kamal on February 15th, 2009 7:35 am

    I think Forex Killer is still the best Automated trading software in the market today.

      

  8. My TOP 5 system on February 15th, 2009 10:58 am

    There’s no doubt those autopilot system out there kills the “feels of trading” but the positive side is it could help saving a new ventures from keep losing at the end of day. Majority couldn’t follow the rules of thumb ie. Money Management, entering trades not at a right time – too tempting sometimes. I myself need those systems so that I stick to – Winning the trades must exceed the losing trades-

      

  9. Max on February 15th, 2009 8:08 pm

    In my opinion, forex killer is definately is one of the best forex software in store rightnow. Many people manage to make lot of profit from this software.

      

  10. Forex Guy on February 18th, 2009 6:01 am

    No doubt that FOREX Killer is an automated FOREX trader that works through computer systems, hooking up with the Internet and is still the best.

      

  11. joe on February 18th, 2009 6:14 am

    The Forex Killer sound like interesting….i might try it

      

  12. fxster on February 25th, 2009 2:06 am

    forex killer in top 5 ..to explode your income more..more…more

      

  13. omeforex on March 3rd, 2009 6:14 pm

    Maybe you should also check out the other forex software which I have reviewed at my website. In the end, all kinds of trading still need the human intervention in order for trading to be successful :-)

      

  14. ForexExpert on March 10th, 2009 8:19 am

    FOREX Killer

    FOREX Killer is an automated FOREX trader that works through computer systems, hooking up with the Internet.

    The system is developed by Andreas Kirchberger, a former Deutsche Bank employee who worked as a FOREX adviser there.

    FOREX Killer is one of the top five automated FOREX websites in the world. The method is devised as a foolproof system to bring unavoidable trading benefits to users.

    Want read my review? go ahead visit my site

      

  15. UltimateForexReview on June 6th, 2009 11:36 am

    Come On guys ! The Forex Killer is the forex scam of the century !
    Are you blind ? First Andreas Kirchberger doesn’t even exist and then the
    software is complete crap !
    You should try it on demo for some months and then you’d see !

    Samuel.

      

  16. BestFxProduct on June 7th, 2009 12:59 pm

    Thanks for the review.

    ForexKiller is indeed a very popular program used by traders today.

    Anyone made money with it like to share ?

      

  17. Julian Hesse on February 18th, 2011 6:53 am

    Share FX Investment

      

  18. Mel on March 4th, 2011 7:42 am

    Forex Killer was a crappy piece of software, I’d use lots of different things to trade instead.

      

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