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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: 9.0/10 (11 votes cast)

Comments

25 Responses to “My Final Forex Killer Review”

  1. 25
    BestFxProduct Says:

    Thanks for the review.

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

    Anyone made money with it like to share ?

  2. 24
    UltimateForexReview Says:

    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.

  3. 23
    EP Says:

    yes i agree with u guy, most of forex trader using this software

  4. 22
    Top 5 Forex Guide Reviews Says:

    Well…A computer connected to the Internet is all it takes to use FOREX Killer, an automated currency trader. Here, i want to share some of FOREX Killer Benefits:

    1. FOREX Killer is an automated system for FOREX trading. It requires minimal human intervention.
    2. It works with all kinds of FOREX trading platforms. It is not affiliated with any particular trading platform because it is an independent program.
    3.FOREX Killer works all over the world. It’s compatible with all brokers all over the world.
    4. It is a completely automated system which makes it possible even for rank beginners in the FOREX trading world to operate this system.
    5. The initial money required to begin trading is quite low. You only need $500.
    6. There is also a demo FOREX trading feature here which is kept as a kind of tutorial where people learn the game without putting in any of their real money.

  5. 21
    ForexExpert Says:

    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

  6. 20
    rajaei ali Says:

    Forex Killer is better than others software!!.yea sure.why i say that!
    firstly FOREX Killer is an automated system for FOREX trading. It requires minimal human intervention.
    It works with all kinds of FOREX trading platforms. It is not affiliated with any particular trading platform because it is an independent program.so this cause why i say that..

  7. 19
    top forex reviews Says:

    i don’t know about Forex Killer intersting or not maybe u can survey another software u can chek it here,http://hotforexreviews.com

  8. 18
    omeforex Says:

    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 :-)

  9. 17
    TEK Says:

    i cant believe u wasted ur money on forex killer… weve all been there… try forex maestro (http://thebestforexsoftware.cjb.net/). ive had very good results with this one!

  10. 16
    fxster Says:

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

  11. 15
    TopForexGuides Says:

    Forex Killer is program software that help trader to trade. First thing to be forex trader are knowledge and experience. This software will help and gain more profits for forex trader.

  12. 14
    dinda Says:

    The most important thing is to find out which FOREX Guide programs you should spend time with, and which ones to avoid.

  13. 13
    joe Says:

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

  14. 12
    Forex Guy Says:

    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.

  15. 11
    YouForex Says:

    The most unique feature about the FOREX Killer is that it contains several mathematical algorithms that expertly track the FOREX trading mechanism and then decides whether the person should go ahead with the trade or not. Also, the FOREX Killer is a more user-friendly software than most others.

  16. 10
    Max Says:

    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.

  17. 9
    My TOP 5 system Says:

    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-

  18. 8
    ahmad kamal Says:

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

  19. 7
    Anonymous Says:

    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?

  20. 6
    JJ Says:

    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.

  21. 5
    Automated Forex Trading Says:

    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.

  22. 4
    Anonymous Says:

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

  23. 3
    steph Says:

    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!!!

  24. 2
    My Final Forex Killer Review Says:

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  25. 1
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