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Forex Rebellion Review - What's Not To Like?
This forex trading method took me by surprise, I must confess, I was biased for more of the same, another silly idea put together to unleash on the unsuspecting public. What I found was an especially 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 very good one at that|is a traders trader|as decent a trader as yours trully :). As my chatroom traders 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 are low risk entries. Ok, this Forex Rebellion system does both as it can be used as a trend following technique and is great at establishing confirmed trend exhaustion. This is great as it can often get into a new fresh trend, and those tickets 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 an eternity for yours truly, 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 diversify 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 stockpile.
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 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 method, this guy is a good 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 displayed for either sell or buy trade, entry point is highly visual too and is ahead, so that you don't enter at ticker value but set a 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 loss 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 adjust sizes accordingly. Of course not all trades will be winners, however, Russ has figured a plan to reverse a losing trade and profit from that, brilliant. 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 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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