This is a review for Forex Vengeance, which will be released on Tuesday, March 17th, 2009.
Like every Forex product, Forex Vengeance promises to make you a lot of money on autopilot. Now, making money is exactly what I needed, so of course I was interested. When websites make big claims, like pretty much every single Forex website does, I usually don't believe the claims too much. Instead, I like to aim for goals that are lower than they claim their system can make, at least at first. If they say their system made them $10,000 in their first month, I would aim for something like $1,000. That way, I have a more realistic goal to hit, and from there I can work at increasing the income.
I wanted to start making money off the Forex market, because I had heard of so many people having success with it. I'm not lazy, but having a program to do the trades automatically was very attractive to me for two reasons. 1) I didn't want to spend all day figuring out what to do and 2) I didn't know much about Forex trading.
The First Step: Ordering and Downloading
First of all, ordering was easy and secure, and it's downloadable so you can download it right away, which is nice, because I HATE waiting for things! I was excited about getting started right away, so waiting would have been excruciating.
Anyway, the Forex Vengeance software is an Expert Advisor file that plugs in to MetaTrader 4, which is a professional forex trading platform. You have to download and install the MetaTrader4 software first, and then install the Forex Vengeance files into MetaTrader 4. There are instructions for doing all this that come with the program. I didn't have much trouble installing the Forex Vengeance Expert Advisor files into MetaTrader.
After that, there are a few Expert Adviser settings to set. Then, it's pretty much all autopilot.
But does it make money?
Before making real trades, it is always a good idea to start by demo trading first to get a feel for the system. Even though it's supposed to be all automatic trading, I still wanted to test it out first before investing money in a live account.
The first few demo trades were OK. Because I was new to Forex trading, my results were not as good as they should have been, at first. Some made money, and some lost money. However, after I played around for a while with the backtests, I started to understand what I was doing.
After some playing around, I started making money
Then, I started to make some good, profitable trades with Forex Vengeance. I really didn't think that the software actually worked, until I had done a few tests with it. Then I started to get a hold of the system and I started to make much more consistent, and much more profitable, trades with Forex Vengeance. It took a little getting used to, but once I did, the Forex Vengeance system started to make me some very profitable trades.
One Downside
As someone who is new to Forex trading, one thing I would have liked is more basic information on Forex trading and explanations of basic terms. Obviously, if you already have experience with Forex, you won't need any explanations, but if you are completely new to Forex, do what I did and just search Google for any terms you don't understand.
My Recommendation
My recommendation is to play around with Forex Vengeance for a day or two and get a feel for what you're doing. If you already have Forex experience, then you might not need to do this. Anyway, once you know what you're doing and you're comfortable with the software, focus on making real trades and making real money. Overall, I recommend Forex Vengeance as a great tool for making money on the Forex market.
You can click here to check out Forex Vengeance!
Thursday, March 12, 2009
Tuesday, March 10, 2009
I Did Some More Tests
Here are the results...
AUDCAD Daily:
$11,416.76 profit in 6 months
$2,232.90 profit in 14 days
AUDCAD H1:
$3,419.89 profit in 24 days
These results are pretty good. I've had better results than this using Forex Vengeance, but these are solid trades.
AUDCAD Daily:
$11,416.76 profit in 6 months
$2,232.90 profit in 14 days
AUDCAD H1:
$3,419.89 profit in 24 days
These results are pretty good. I've had better results than this using Forex Vengeance, but these are solid trades.
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Forex Vengeance