learn forex - Forex Killer Review – is Andreas Kirkberger Forex Killer Scam?

Forex Killer software has certainly created a lot of buzz in the forex industry. Andreas claims it's automated forex software can make you as much as half a million dollars in just a few months and even beginners can learn to make money in forex trading.

Forex Killer is certainly interesting and I was intrigued to find out whether the claims were true or just scams. I decided to purchase a copy to find out the truth about Forex Killer.

The software was easy to download and install. You do need an activation key which can be obtained in the members area.

My first impression of Forex Killer was that the interface was intuitive and easy to use. Everything is labeled nicely and there are only a few buttons to play with actually. This software is clearly meant for forex newbies.

If you have ever played with other forex software, you know it can be terribly complicated to navigate or even just to place trades.

To run the software, all you have to do is to log into your forex broker account (information to do this is provided) and feed the data into forex killer. Typcially, you will need to feed it with data for at least 7 days. The more data you can feed forex killer, the better.

Once that is done, click on the calculate button and wait for a while for the software to generate forex signals. It will automatically generate long term as well as short term forex signals.

Although there are companies that can help you generate forex signals, the cost are usually very expensive and only big financial institutions and forex brokers can afford the subscription. Certainly being able to generate your own forex signals can help you save a lot of money.

Forex Killer also allows you to put a stop loss easily and it is important to put a stop loss on your forex trades especially if you are new to forex trading.

Andreas also provide technical support if you need help with his software. Although Andreas claims you do not need any forex knowledge to use forex killer, I feel you still need some basic knowledge of forex to know what you are doing.

Andreas do provide a basic guide to forex trading in the members area but I find it to be inadequate. Nevertheless, this software does works to help you generate forex signals and you can make money with it if you know how to use it properly.