This forex trading method took me by surprise, I must allow, I was biased for more of the same, another silly idea put together to sell to the naive traders. What I found was an amazingly precise, 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 I am :). As my blog subscribers know, my method of trading consists mostly of intraday moves and trend reversals, never have been much of a trend trader, choosing turnarounds, for short and fast move, which fill the pockets nicely. Now, this Forex Rebellion system does both as it can be traded as a trend following technique and is great at establishing confirmed turn arounds. This is great as it can often get into a new fresh trend, and those tickets are invaluable.
Being keen I immediately put the system to the try out in the real marketplace, opened 2 trades and made around 50 pips each in 2 hours. Now 2 hours is an eternity for yours truly, 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 trust it very quickly and am learning to add to my quick in and out mentality, by taking ¼ position off after the initial push and exit in stages with the rest. I usually use my own methods only, 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 showing you exactly what to do, he's even automated some of the procedure for you.
The user guide is great, no fluff, 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 all, setup, entry, stops, exits, the whole method, 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 Approach:
A highly visual signal is shown for either sell or buy trade, entry point is highly visual too and is ahead, so that you don't enter at current price but set a order. The stop losses are clear to see and are simple as are the target and trailing stops once you're in the money. (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 crystal clear and you can calculate position size 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 free methods that help you select a good Risk/Reward trade and videos on money management and emotions.
Conclusions:
If you are going to spend any money at all on both educating yourself and getting a brilliant method, at $97.00 this is cheap, it's worth far more in my view and I wouldn't be surprised if demand pushes the price up.
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