This forex trading method took me by surprise, I must admit, I was expecting more of the same, another silly idea put together to sell to others. What I found was an incredibly precise, well thought out system and when I watched some of the videos on the sales site, 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 I am :). As my regular readers know, my method of trading consists primarily of intraday moves and trend reversals, never have been much of a trend follower, preferring to choose turnarounds, for quick and sharp move, which are low risk entries. Now, this Forex Rebellion system does both as it can be traded as a trend following system and is great at picking confirmed reversals. This is great as it can often get into a new trend, and those trades are great.
Being keen I immediately put the system to the test in the real marketplace, opened 2 positions and made around 50 pips each in 2 hours. Now 2 hours is a long time for yours truly, but I managed to stay in the trade. Needless 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 expand 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 arsenal.
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 process for you.
The manual is great, no fluff, no beating about the bush, easy to use PDF and for those too lazy to read, a lot of mini videos, detailing everything, setup, entry, stops, exits, the whole story, this guy is a good coach too. Each video is only 4 - 9 minutes long and there are numerous live trade videos for those (like me) who learn by example.
The Methodology:
A highly visual signal is issued for either short or long, entry point is highly visual too and is ahead, so that you do not enter at market but set a order. The stop losses are clear to see and are simplicity itself 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 original stops), 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 method to reverse a losing trade and profit from that, brilliant. There are some extra free methods that help you select a high probability trade and videos on money management and keeping emotions at bay.
Conclusions:
If you are going to spend any money 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 opinion and I wouldn't be surprised if demand pushes the price up.
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