Forex Trading Methods - A Close View Of This System
By Erina Array
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This forex trading method took me by surprise, I must allow, I was expecting more of the same, another silly idea put together to sell to others. What I found was an amazingly welldefined, 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 very good one at that|is a traders trader|as decent a trader as yours trully :). As my blog subscribers know, my method of trading consists primarily of intraday moves and trend reversals, never have been much of a trend follower, choosing trend end indicators, for short and fast move, which are low risk entries. Ok, this Forex Rebellion system does both as it can be used as a trend following system and is great at picking confirmed turn arounds. This is awesome as it can often get into a new fresh trend, and those tickets are great.
Being excited I immediately put the method to the test in the real world, opened 2 positions and made around 50 pips each in 2 hours. Now 2 hours is an eternity for my trading style, but I managed to hold my breath and stay in. 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 accept the signal very quickly and am learning to add to my scalper mentality, by taking ¼ position off after the initial push and exit in stages with the rest. As I use my own methods usually the Forex trading method just added another winning strategy to an already good armory.
Is it easy to set up?:
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 manual is great, no hype, no nonsense, easy to use PDF and for those too lazy to read, a load of mini videos, detailing everything, setup, entry, stops, exits, the whole method, this guy is an excellent teacher 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 remarkably visual signal is shown for either short or long, entry point is highly visual too and is ahead, so that you do not enter at current price but enter a stop/limit order. The stops are clear to see and are simple as are the target and trailing stop orders once you're in showing profit. (In all the trades I took, the price never came near the stop order), that is not to say that it will never happen, it will. Money management is easy, as all is crystal 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, splendid. There are some extra bonuses that help you select a good Risk/Reward trade and videos on money management and keeping emotions at bay.
In my opinion:
If you are going to invest at all on both educating yourself and getting a great method, 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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