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Forex Trading Methods - A Close Look At Thus Forex Trading Method
This forex trading method took me by surprise, I must allow, I was biased for more of the same, an ill conceived idea put together to unleash on the unsuspecting public. 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 clear 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 mostly of scalps and turns in trend, never have been much of a trend trader, preferring to choose trend end indicators, for short and sharp move, which are low risk entries. Ok, this Forex Rebellion system does both as it can be used as a trend following technique and is helpful at establishing confirmed turn arounds. This is awesome as it can often get into a new fresh trend, and those trades are great.
Being excited I immediately put the method to the try out in the real marketplace, opened 2 trades and made around 50 pips each in 2 hours. Now 2 hours is a long time for my trading style, but I managed to hold my breath and stay in. I must 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 quick in and out mentality, by taking ¼ position off after the initial push and close in halves and quarters. I usually use my own methods only, 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 method for you.
The manual is great, no hype, no nonsense, easy to use PDF and for those too impatient to read a long manual, a lot of mini videos, detailing all, setup, entry, stops, exits, the whole story, this guy is an excellent teacher too. Each video is only 4 - 9 minutes long and there are many live trade videos for those (like me) who learn by example.
The Methodology:
A remarkably visual signal is shown for either sell or buy trade, entry point is easy to see too and is ahead, so that you don't enter at current price but enter a stop/limit order. The stops are clear to see and are simplicity itself 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 simple, as all is obvious and you can adjust sizes 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 high probability 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 brilliant technique, at $97.00 this is cheap, it's worth far more in my opinion and I wouldn't be surprised if demand pushes the price up.
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