www.Forex-Killer.com - Real or Scam?

[Nazreen]

Forex-Killer system claims that with very little effort you can easily make $3,000 - $10,000 per month doing simply trades from home for just one hour a day. In their website, they even have success stories from other professional forex-traders!

I'm not sure if this is for real or just a scam but I see a lot of blogs saying that it's for real. I've listed some of the blogs/reviews on Forex-Killer and it's mostly positive reviews. You can also google this if you like.

- http://forexkillerreview.blogspot.com/
- http://www.scoutforex.com/2007/10/forex-killer-autopilot-trading.html

With the depreciating value of the US dollar, I think Forex-Killer is a good tool when investing in Forex. What do you think? Please speak your mind regarding this.

[pendelton]

I have tried forex trading before, and there is a lot to watch for. You have got to watch each nation you trade pairs for, their leaders and their major businesses, and their trading partners. There is nothing easy about it, you have to basically learn how the whole global economy works, including how if if one world leaders uses the word strong it can mean buy long and if he/she uses weak you sell short.

Or you can use very short term trading, as in minutes, and make a little, but that is very time consuming for the meager income level.

You can try http://www.oanda.com for free if you want to get you feet wet, it is a practice account but it uses the same tracking connection as the real one.

[TheOnlyOne92]

Thanks a lot for the links guys. I will try oanda first and if it goes well I will try the real forex thing :) I see they offer the possibility to open a demo account so I will go with that one first and see how it all plays out.

[Nazreen]

You can try http://www.oanda.com for free if you want to get you feet wet, it is a practice account but it uses the same tracking connection as the real one.

Thanks for sharing the site pendelton :)

@TheOnlyOne92
Just a warning... trading in foreign exchange is one of the riskiest investments out there. I also think that the forex-killer is for real but the danger is that there are now a lot of people buying the software without even learning something about trading in forex.

From the review...

How do you use it?
This is basically how it works, after you have gotten the software which you would be required to download if you decide to get forex killer. From time to time you would be getting advise on what kind of trade to take straight to your computer through the software interface.

Whether you decide to take the trade depends completely on you,.

How can you decide which trades to take if you don't know a single thing about Forex? So gain some knowledge first and some experience, preferably from oanda website. I will also do the same because forex-killer might just be my ticket to wealth and fortune.

[avi007i]

I never tried Forex Killer but I just saw the contents of the package when i bought it. It has a small software, which advices you to invest or not, based on the currency pairs last 10 closing prices. It has also three pdfs , two of which is like instructions to use the software and other contins tutorial about forex market .

[Nazreen]

I never tried Forex Killer but I just saw the contents of the package when i bought it. It has a small software, which advices you to invest or not, based on the currency pairs last 10 closing prices. It has also three pdfs , two of which is like instructions to use the software and other contins tutorial about forex market .

Really? Did I just hear that you bought the Forex-Killer software? Wow man!

Please let us know how it turns out, ok? You can try it first at http://www.oanda.com then see if the advices given are really accurate or not. Good luck!

For myself, I'm planning on reading up on Forex first before giving Forex-Killer a try.

[avi007i]

Really? Did I just hear that you bought the Forex-Killer software? Wow man!

Please let us know how it turns out, ok? You can try it first at http://www.oanda.com then see if the advices given are really accurate or not. Good luck!

For myself, I'm planning on reading up on Forex first before giving Forex-Killer a try.

I strongly recommend you to learn the forex basics like spread, reading currency quotes, understanding and calculating pips etc. And then you open a demo account and then try your knowledge before trading with real money .

[pendelton]

avi007i is right, and read up on how speeches from national leaders will effect the pairs you have chosen to trade in. How the fluctuations in the stock markets effect your pairs, and so much more.

[Nazreen]

Thanks for the advice avi007i and pendelton. Anyway, I've already borrowed a book on Forex at our national library - The Forex trading course : a self-study guide to becoming a successful currency trader / by Abe Cofnas.

I should read up first before trading in forex. If you ask me, the Forex-Killer software would be a very good investment if i'm making $3,000 - $10,000 per month.. hopeful wishing :)

[pendelton]

You can make that much, eventually, once you get your system down. I've toyed around with oanda's practice program while I had the flu and did alright, just didn't want to inves the time and effort in to it.

Good luck to you on this Nazreen.