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Forex Trading Methods - Have Been Using It For 5 Months And Love It
This forex trading method took me by surprise, I must admit, I was biased for more of the same, an ill conceived idea put together to sell to others. What I found was an incredibly accurate, well thought out system and when I watched some of the videos on the sales page, it was obvious that Russ Horn is a trader and a pretty good one at that|is a traders trader|as decent a trader as yours trully :). As my regular readers know, my method of trading consists mostly of scalps and turns in trend, never have been much of a trend follower, preferring to choose exhaustion points, for short and fast move, which serve me well. Ok, this Forex Rebellion system does both as it can be traded as a trend following technique and is helpful at picking confirmed reversals. This is great as it can often get into a new fresh trend, and those tickets are priceless.
Being excited I immediately put the system to the try out in the real marketplace, opened 2 positions and made around 50 pips each in 2 hours. Now 2 hours is a long time for me, but I managed to hold my breath and stay in. I have 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 accept the signal very quickly and am learning to expand my quick in and out mentality, by taking ¼ position off after the initial push and close in halves and quarters. As I use my own methods usually the Forex trading method just added another winning strategy to an already good arsenal.
How easy is it to use?:
Ok, if you've been using MT4 (Metaquotes free charting package) for a while, you can set it up in a few minutes. If not, Russ has produced a few videos showing you exactly what to do, he's even automated some of the procedure for you.
The documentation is great, no hype, no beating about the bush, easy to use PDF and for those too impatient to read a long manual, a lot of mini videos, detailing everything, setup, entry, stops, exits, the whole story, this guy is a good coach too. Each video is only 4 - 9 minutes long and there are various live trade videos for those (like me) who learn by example.
The Method:
A remarkably visual signal is issued for either sell or buy trade, entry point is easy to see too and is ahead, so that you do not enter at market but set a limit order. The stop losses are clear to see and are simple as are the target and trailing once you're in showing profit. (In all the trades I took, the price never came near the original stops), that is not to say that it will never happen, it will. Money management is simple, as all is obvious and you can calculate sizing accordingly. Of course not all trades will be winners, however, Russ has figured a method to reverse a losing trade and profit from that, excellent. There are some extra free methods that help you select a good Risk/Reward trade and videos on money management and emotions.
In my opinion:
If you are going to spend any money at all on both educating yourself and getting a brilliant technique, at $97.00 this is a steal, it's worth far more in my opinion and I wouldn't be surprised if demand pushes the price up.
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