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Forex Trading Methods -
This forex trading method took me by surprise, I must confess, I was biased for more of the same, a woolly, half baked idea put together to sell to others. What I found was an amazingly precise, well thought out system and when I watched some of the videos on the sales site, it was obvious that Russ Horn is a trader and a very good one at that|is a traders trader|as decent a trader as I am :). As my chatroom traders know, my method of trading consists mostly of scalps and reversals, never have been much of a trend follower, choosing turnarounds, for quick and fast move, which are low risk entries. Now, this Forex Rebellion system does both as it can be used as a trend following technique and is good at picking confirmed turn arounds. This is great as it can often get into a new trend, and those tickets are great.
Being keen I immediately put the method to the try out in the real world, opened 2 positions and made around 50 pips each in 2 hours. Now 2 hours is an eternity for yours truly, but I managed to stay in the trade. I have to say I could have made more, perhaps 30 pips , and that's what is so good about forex rebellion, I have come to trust it very quickly and am learning to diversify my quick in and out mentality, by taking ¼ position off after the initial push and manage the rest. As I use my own methods usually the Forex trading method just added another winning strategy to an already good armory.
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. If not, Russ has produced a few videos displaying exactly what to do, he's even automated some of the procedure for you.
The manual is great, no fluff, no nonsense, easy to use PDF and for those too impatient to read a long manual, a load of mini videos, detailing everything, setup, entry, stops, exits, the whole method, this guy is a good mentor 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 Methodology:
A highly visual signal is displayed for either sell or buy trade, entry point is visual too and is ahead, so that you do not enter at current price but set a order. The stop orders are clear to see and are simple as are the target and trailing stop orders once you're in the money. (In all the trades I took, the price never came near the stop loss order), that is not to say that it will never happen, it will. Money management is simple, as all is clear and you can calculate sizing accordingly. Of course not all trades will be winners, however, Russ has figured a way to reverse a losing trade and profit from that, brilliant. There are some extra bonus methods that help you select a good Risk/Reward trade and videos on money management and keeping emotions at bay.
Conclusions:
If you are going to invest at all on both educating yourself and getting a brilliant system, at $97.00 this is a steal, it's worth far more in my view and I wouldn't be surprised if demand pushes the price up.
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