Forex Killer Review

The Forex Killer literature claims it is now rated the number one on opportunity online.  It also claims that no trading experience is necessary and that this is the best home based business for everyone.

If you're not a trader you may not know that trading Forex simply is not the best home based business for everyone.  Successfully trading Forex or any other market over the long term takes adequate capital, planning, tested and proven trading methods, and discipline.  So I would have to politely disagree with Forex Killer in saying that trading Forex is a great way for someone with no trading experience to earn money at home.

I'm now looking at the graph of some Forex Killer results and it shows no losing trading months from January 2006 through May 2008.  Even I have to admit that that looks quite impressive.  I would personally like to see a breakdown of each trade before I would pass judgment as well as a longer track record as a three year track record doesn't really tell me everything I'd like to know about how well a system actually operates.  What I mean by that is what if it only works for those three years that well and all the other years are a bust?  I'm not saying that that is the case, I'm just asking what if?

There are also a group of video testimonials where apparently satisfied customers tell how great the software is. The ones I listen to didn't really seem to offer any specifics as far as the operations of the software, just pretty much generic testimonials actually.

Next I look at a graphic that claims to show a two month period were a $100,000 account becomes a $641,147 account using Forex Killer software.  I decided to take a closer look at this track record.  The first thing I notice is that there were multiple lots traded of each of the currency pairs.  This makes sense as it is a $100,000 account were talking about here.  This appears to be a hypothetical track record and I do not see that there are any transaction costs listed in the results.  The only way this will be possible in a real account there was a Forex broker that did not charge transaction costs and you and I both know that that is highly unlikely.

Without transaction costs all track records look to be much more impressive than they actually are especially those that are trading multiple lots.  There is a graphic the account balance and at the bottom of the page and it shows an equity curve which is very smooth

The equity curve is at nearly a 45° angle. With the transaction costs added that the equity curve would look much different than the one that is displayed. For more information on Forex Killer feel free to click on the following link: Forex Killer