A Mechanical System That Really Works or Just a Scam ? Apart from the launch of the Fap Turbo robot, the launch of Forex Avenger was probably the biggest event of the 2008 year in the Forex trading community. The creator of Forex Avenger promised to bring us a trading system that is entirely mechanical with step-by-step, easy to follow instructions and an average success rate of 75% or higher. To find out if all the hype about this system was true, I decided to buy the product and test it myself.
Forex Avenger Did Forex Avenger deliver on its promises? It certainly did..see my full review below for more information. A mechanical system that consistently makes profitable trades is what most Forex traders are after. It is a known fact that even a system with a consistent success rate of 50% can make you money if you use good money management techniques to minimize losses and maximize profits. However, purely mechanical systems that make consistent profits are surprisingly scarce and finding a trader who makes a living from such a system is even harder, but Dave Curran is one such trader and Forex Avenger is the exact system that he uses to make a full time living trading the Forex markets. Forex Avenger is a mechanical Forex trading system that uses easy to follow technical indicators to determine when to buy or sell a currency pair. The system requires absolutely no discretion and the entry/exit rules are completely mechanical, so it is virtually impossible to make a mistake. Click Here to Visit the Forex Avenger Homepage
What does Forex Avenger Consist Of? Firstly, it is important to note that Forex Avenger is not an automated trading system like Fap Turbo, it is a manual trading system that can be used with any broker, on any trading platform. When you purchase the Forex Avenger product you immediately gain access to the full system, which consists of an 87 page ebook in pdf format, various videos and a number of bonusses. The ebook contains a detailed introduction to Forex trading of around 40 pages, which can be skipped by experienced traders. The core of the Forex Avenger system are made up by the following components:
The Forex Avenger System The main Forex Avenger system trades the EURUSD currency pair on the 1Hour timeframe. The system uses 2 standard indicators to determine entry signals and there are 1-2 trading opportunities every day. Exact profit targets and stop loss values are defined, so once a trade is entered you are done with it until either the stop loss of profit target is hit. One advantage of this system is the fact that you can see when there won’t be a trading opportunity in the near future, so you don’t have to monitor the hourly charts constantly. This system only requires you to look at the charts once every hour, at the close of the hourly candle. The Set ‘n Sleep System The Set ‘n Sleep system uses the same indicators as the main Forex Avenger system, but on the daily charts and a slightly different entry strategy is used. Trading opportunities don’t come often with this system, but all the major currency pairs can be traded, which should present around 2-3 trading opportunities per week. While the main Forex Avenger system requires some attention during the day, the Set ‘n Sleep system is ideal for the part time trader that can only trade after hours. This system only requires you to look at the charts once a day. Training Videos The videos included with the Forex Avenger packages are very detailed and really teaches you everything you need to know about the system. The video series starts with a good introduction where Dave Curran talks a bit about his history as a trader and how the Forex Avenger system was invented. Each of the systems above are then explained in great detail and various sample trades are performed. If you prefer watching video over reading an ebook, then the videos will teach you all you need to know about the system. Click Here to Visit the Forex Avenger Homepage
Is Forex Avenger Profitable? I have spent a lot of time backtesting this system against historical data and so far I am VERY impressed by the results. Both of the trading systems inside Forex Avenger are completely mechanical and incredibly accurate. The success rate is consistently around 75% and I can easily see how it is possible to achieve the kind of profits that are advertised. I am very excited about forward testing this system and hope to start posting results soon. Check the Forex Avenger category of this blog for my latest feedback.
Conclusions and Recommendations Once you start watching the Forex Avenger videos you quickly realize that Dave Curran is very passionate and proud of his system and that this is not just another hyped up scam that doesn’t deliver. This system caters for both the day trader as well as the part time trader and if what you are looking for is a simple, mechanical trading system that makes consistent profits under any market conditions, then Forex Avenger should be one of the top systems on your list to investigate. Click Here to Visit the Forex Avenger Homepage
Forex Avenger helps an individual to understand the currency price charts and helps to make decision on when to enter and exit the market and where to place the stop loss. It also gives a complete indication of the trends, which help an individual to make conclusions on trades. The system ensures that your capital is preserved in any volatile market. Forex Avenger gets over 25% profit per month with only 10 minutes a day needed to follow the easy 3-step system & you’ll know what prices to enter & exit. Trade confidently & easily with Forex Avenger. Forex Avenger teaches you the right trading discipline to maximize your profits & minimize your losses. See people’s video testimonials here. IMPORTANT: It You Can Follow A Simple 3 Step System, You Can Make Money Trading Forex… “Forex Avenger Teaches You The EXACT Rules Of A Proven 100% Mechanical Forex Trading System… So You Can Hunt Down Profits Like A Seasoned Pro!” Review by: ForexTradingLab.com. Date: Feb. 12, 2009. Welcome Forex Traders Looking For A PROVEN System, Forex Avenger Trading System Review. Posted by GreatTradingSystems on August 10, 2009, filed in: Forex, Trading Systems and Methods. Love Trading Buy/Sell Arrow Signals? Try This! This review was completed by a trading colleague who you can find on the livecharts.co.uk forum, along with myself and others, under the name of Trickster. A big thanks to him for taking the time to do this review ... Would you like to find out more about the Forex Avenger trading system course? Currency trading has drawn a lot of attention in recent years. The market is the largest trading place in the world with more than USD $1.2 trillion exchanging hands every day. Even though currency trading can be very profitable, many beginners have found themselves burned by this highly leveraged form of trading ... The Avenger Robot was created by Dave Curran, with Mark McRae puting up the 50K for the testing. They are both SA Forex traders. Mark is known for the SureFire Forex course. Which is a good course for the price. I havent bought this robot, and I havent heard anything conclusive yet. Time will tell. Hopefully those who did buy this will post ... Forex Avenger is a 3 Step Mechanical Forex Trading System created by Dave Curran that took him 8 long trading years with lots of research, trials and inventions. Now, he is proud to present to everyone a proven and tested Forex trading system that can give us financial stability for life. Forex Avenger allows anyone to have massive profits with sharp accuracy. This is a proven system that ...
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