Comments on: The Forex Rebellion System Review http://www.moremoneyreview.com/the-forex-rebellion-system-review-1304.html Just another WordPress weblog Wed, 08 Feb 2012 16:21:46 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Al http://www.moremoneyreview.com/the-forex-rebellion-system-review-1304.html/comment-page-1#comment-5230 Al Fri, 28 Jan 2011 17:05:00 +0000 http://www.moremoneyreview.com/?p=1304#comment-5230 I tried this out and there are a couple of things to note. The rebellion signals are not always accurate and the trade can go against you quickly. Russ Horn, the inventor of the system, has updated it a bit especially using the Rebellion signals together with MACD on the chart. This helps to confirm or not the trade suggested by Rebellion signals. In my case I took some training on reading the charts and couple any system with simple chart reading too. Moderate gains made though, but you do spend a lot of time either watching charts or waiting for the signal. This is not for a beginner in my view so be prepared to put some work in to get knowledgeable of Forex. Al I tried this out and there are a couple of things to note. The rebellion signals are not always accurate and the trade can go against you quickly. Russ Horn, the inventor of the system, has updated it a bit especially using the Rebellion signals together with MACD on the chart. This helps to confirm or not the trade suggested by Rebellion signals.
In my case I took some training on reading the charts and couple any system with simple chart reading too.
Moderate gains made though, but you do spend a lot of time either watching charts or waiting for the signal. This is not for a beginner in my view so be prepared to put some work in to get knowledgeable of Forex.
Al

]]> By: Jason http://www.moremoneyreview.com/the-forex-rebellion-system-review-1304.html/comment-page-1#comment-379 Jason Sat, 10 Apr 2010 09:22:14 +0000 http://www.moremoneyreview.com/?p=1304#comment-379 I have just recently purchased this system and although I haven't properly put it to the test yet, I think it is unfair to state you have to go through 5 hours of videos before getting to the system itself as you can get to the heart of it directly in the manual in a matter of minutes. The many videos are there to reinforce what is already in the manual and show the system in action across many live trades. The indicators are a doddle to set up and scrolling back through the history of the currency pairs that are recommended to trade there appear to be many examples where this system will work. So my point is, don't be put off by the hours of video footage, if you want to get to to the heart of the system go straight to the manual itself, skip the intro and the section on how to add in the indicators and read from there and you will gain an understanding of it straight away. You can then read the rest, set up the indicators and go to videos and see it all explained again by the author with dozens of example trades demonstrated. I have just recently purchased this system and although I haven’t properly put it to the test yet, I think it is unfair to state you have to go through 5 hours of videos before getting to the system itself as you can get to the heart of it directly in the manual in a matter of minutes. The many videos are there to reinforce what is already in the manual and show the system in action across many live trades.

The indicators are a doddle to set up and scrolling back through the history of the currency pairs that are recommended to trade there appear to be many examples where this system will work.

So my point is, don’t be put off by the hours of video footage, if you want to get to to the heart of the system go straight to the manual itself, skip the intro and the section on how to add in the indicators and read from there and you will gain an understanding of it straight away. You can then read the rest, set up the indicators and go to videos and see it all explained again by the author with dozens of example trades demonstrated.

]]> By: SFT http://www.moremoneyreview.com/the-forex-rebellion-system-review-1304.html/comment-page-1#comment-368 SFT Thu, 08 Apr 2010 15:03:31 +0000 http://www.moremoneyreview.com/?p=1304#comment-368 Considering the website promises "no filler fluff" we waded through 5 hours of video content and a 96 manual, all without even touching the "bonus" material. Eventually we got into the system itself, which was easy to implement and the well designed Meta Trader 4 indicator does most, if not all the work. There is a small amount of decision making regarding Stop loss placement but apart from that the system was pretty much 95% mechanical. We didn't fair too well on the 15 minute time-frame (far too choppy, too much action (and too many losing trades)) so we switched to the 4 hour time-frame. Over a 10 week period we made a net 726 pips, about 14% based on 2% risk per trade, all for very little effort. Our main concern however was that we made 669 of these pips in the first week so had we missed that we would have seen very little return for our efforts. Our view is that this system will be of interest to some traders to assist with market direction but only on the higher timeframes. You can read our full review as well as others comments at http://www.systemsfortraders.com/ ReviewTeam Considering the website promises “no filler fluff” we waded through 5 hours of video content and a 96 manual, all without even touching the “bonus” material. Eventually we got into the system itself, which was easy to implement and the well designed Meta Trader 4 indicator does most, if not all the work. There is a small amount of decision making regarding Stop loss placement but apart from that the system was pretty much 95% mechanical. We didn’t fair too well on the 15 minute time-frame (far too choppy, too much action (and too many losing trades)) so we switched to the 4 hour time-frame. Over a 10 week period we made a net 726 pips, about 14% based on 2% risk per trade, all for very little effort. Our main concern however was that we made 669 of these pips in the first week so had we missed that we would have seen very little return for our efforts. Our view is that this system will be of interest to some traders to assist with market direction but only on the higher timeframes.

You can read our full review as well as others comments at http://www.systemsfortraders.com/

ReviewTeam

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