Thursday, December 31, 2009

SYSTEM FOR TRADING FOREX

Forex Trading Systems - Forex Rebellion Review

This is great as it can often get into a new fresh trend, and those are priceless. What I found was an incredibly precise, well thought out system and is good at picking confirmed reversals. 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.


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 If not, Russ has produced a few videos showing you exactly what to do, he's even automated some of the process for you. If not, Russ has produced a few minutes. If not, Russ has produced a few minutes. If not, Russ has produced a few minutes.

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. 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. Now 2 hours is a long time for your truely, but I managed to hold my breath and stay in. 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.

Conclusions:

There are some extra bonuses that help you select a high probability trade and videos on money management and emotions. Of course not all trades will be winners, however, Russ has figured a method to reverse a losing trade and profit from that, brilliant. Money management is easy, as all is clear and you can calculate sizing accordingly. (In all the trades I took, the price never came near the original stops).

The stops are clear to see and are simplicity itself as are the target and trailing once you're in the money. 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.

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