“Self Confessed Forex Geek Exposes the Truth On James Marshall’s New Forex Signals Software Forex Mercenary”
Can this latest piece of trading software really help you make winning trades or has it been developed to line the pockets of it’s creator, James Marshall? If you are thinking about buying Forex Mercenary then this is the most important page you will read this year.
From The Desk of: Simon W
Location: London, UK
Product: Forex Mercenary
Release Date: January 12th, 2010
Product Type: Forex Signals Software
During the course of the last ten years there has been a huge increase in the number of people actively trading the forex market. This is mainly due to the increased availability of software, such as robots, that allows people with no previous experience to start making trades immediately.
I have bought and tested a number of forex robots that have been released during the last few years and can tell you first hand that the majority of them were not worth the ten minute installation time, let alone the money I have wasted on them. So how can you be sure which will be successful?
This depends on what you view as successful; some of us would like to make an extra few dollars to supplement our income, while others hope to give up their boring day job and replace it with a life working from home (or anywhere else in the world they choose) to hours that suit them.
What we all want from trading is to make as much money as we can from the time and money we invest. I found out the hard way that it’s not always as easy as pressing a button and letting the system do the rest, the system has to be set up to make the right decisions at the right time.
So, can Forex Mercenary help us make the levels of profit that its creator claims it can make? Is it easy to use? And do you need to know much about forex to use it? These are all important questions and by the end of this review you will most certainly have all the answers.
I have seen many robots and signals software fail to live up to the hype and would guess that over 90% of the products released every month will lose more trades than they win.
James Marshall claims that Forex Mercenary is a very successful piece of forex signals software, so I asked him if he could send an advanced copy so that I could see it’s results for myself.
Forex Mercenary Claims: “Stunning accuracy churns out 1,058 consecutive winning trades”
This is a big claim to make as every trader, no matter who you are, will make losing trades. If the system could perform to half that level then it would certainly be possible to make seriously good money.
Of course, we have heard it all before. Every forex package will come with a similar claim so we know that it’s no guarantee Forex Mercenary will peform to this level, but if it could then we all have reason to be excited.
So are you serious about making money and succeeding in Forex? If you are then you owe it to yourself to read on and find out.
Let’s take a closer look…
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Forex Mercenary: What You Get
In addition to the Forex Mercenary signals software you will also receive a user guide that explains how the software works. The manual will also cover everything from installation through to understanding the FM module, using the model and using the email notifications and backtests features.
The first thing to note about Forex Mercenary is that it doesn’t work in the same way that the majority of trading products, or expert advisors, work. Most expert advisors are based on technical analysis, which works by identifying price behaviour patterns. This is a fairly normal approach to trading.
What technical analysis doesn’t factor is the currency being traded, it is only based on how the price changes. The reason most expert advisors fail is because they cannot adapt to changing market conditions. They return a profit for the early trades but as market conditions change they continue to apply the same rules which ultimately end in losses.
So how does Forex Mercenary overcome this?
It tries to act much more like a real trader, taking many more factors in to account before making trading decisions. Quite how this works I do not fully know as I wasn’t involved in developing the software and I’m sure it’s owners do not want their secrets revealed. What I do know is that is comes with four preset trading strategies installed.
This is a good for long term gains; however the proof is in the pudding as they say, so ultimately it’s all down to whether or not it really can produce the results it claims.
Installation
This is extremely straight forward; you only need to save a file on to you machine and double click it to launch the FM software. You will also need to install Java Virtual Machine on to your computer, but again this is very simple and you are shown where to download it at no cost in the manual.
I use a PC so have not tried to install the system on to a Mac, but I can’t believe it is going to be any different.
The Module
The manual takes you through everything that is on the trading panel so that you have a full understanding of what you are looking at. There is little point in me going through all of this in my review, after all what you want to know is whether it is easy to use and can make you money, right?
There is no doubt that it is easy to follow. I can’t imagine anyone having trouble understanding how to use the system, no matter how much experience you may have. If you can use a computer then you can follow along with ease.
Additional Features
There are some features included that you may well want to use. The first is the email notifications feature; as the signals are delivered to your email address enabling this feature means you will have access to them wherever you are.
Forex Mercenacy also has a backtest feature that allows you to test each of the four strategies to see how well they performed in old market conditions. Of course, it is important to note that the results it achieves will almost certainly differ from the result shown when backtesting. They could be better or they could be worse, it all depends on the conditions of the market.
While the parameters for the trades are all preset, advanced users do have the option to edit them to if they wish.
Forex Mercenary: The Results
This is what Forex trading is all about and ultimately any trader or piece of software will be measured by the results they can produce. The first thing that all successful traders understand is that they do not expect to win every trade. It doesn’t matter how much experience you have, every trader will lose trades. The trick is obviously to win more than you lose!
It is a sad case that over 90% of traders fail to make much money at all. In fact, most people who are new to trading experience an early loss, get scared and walk away. It is easy to understand why, especially as they are new to trading, but it’s just the nature of the beast. I have been there myself and know how it feels, but I truly believe that people don’t fail at Forex trading they simply give up before the magic happens.
Forex Mercenary will lose trades, it would be a lie for anyone to say it will win every single trade it enters. If there was software out there that achieved that then I am sure we would all have heard about it by now! What we are interested in is whether it can win more than it loses and ultimately whether it makes you money.
Due to a new piece of legislation I am unable to share my exact results with you, if I do it is seen that I am claiming that you will make the same as me and I will get a $10,000 fine! (please read my disclaimer for more information) As we know, it is virtually impossible for you to make the same money that I have over the past few weeks.
Your investment size could be bigger or smaller and the market conditions that you may experience will differ to those that I have been experiencing, so you could make more than me you could make less. What I can say is that I have made money using this system and the return I have seen makes the system worthwhile for me to use.
If you are interested in seeing some results that Forex Mercenary has produced then please have a look at the table below that I found on the vendors site:
Forex Mercenary: But Is It All Good?
There is no question that the results shown are very impressive and show a healthy level of return on the investment made. But don’t get too carried away with the size of these figures. All the results shown are achieved using a sizable investment of between $5,000 and $10,000, and even then some of the results are based on the growth of the account size.
If you invest $10,000 and turn it into $26,000 then you investment size has nearly tripled, so you should expect to make even more next time round. The problem here is that not many of us have $10,000, or even $5,000, to invest so we are starting at a much lower level and it will take a lot longer to achieve these kinds of results.
So if you are interested in using Forex Mercenary then you should be aware that what you achieve will very much depend on what you can afford to invest. If you are starting with $200 then you must be prepared to be patient and let your account size grow. Each time you make a winning trade you will have greater investment potential for the next trade.
I also always advise that you first run the system in a demo account, or the backtest, to get a feel for how it works. If you are not happy with what you see before you invest then you are covered by a money back guarantee. This is something that the seller is legally obliged to offer and in no way can they avoid returning your money to you within this period if you request it.
Exclusive Forex Bonus 1
You Can’t Get This Anywhere Else
When I started to review Forex products a friend of mine asked me which would give him the best chance of making money with Forex. Rather than tell him I decided I would write a quick start guide, so that he could learn the basics of how the Forex market works, as well as information on some of the strategies involved.
Once I started writing I quickly came to the conclusion that I would there was so much information to share I may as well write a comprehensive book, packed with Forex information. Having seen the success he was having I understood just how powerful this information is and decided I would offer it to my website visitors at a cost of $79.
However, to give you the best chance to succeed with Forex Mercenary I am happy to give away a limited number of copies before the book goes up for sale on my website. As I don’t want too many copies in circulation I will only give away copies to the first 20 people who order through this link.
Exclusive Forex Bonus 2
Earlier I mentioned that you have the ability to change parameters if you wish to do so. While I do not advise this if you are a beginner, if you want to learn about Forex trading and the different strategies then my e-book (F
orex Trading Strategies) will help you learn everything from the basics up, giving you a good understanding of how you may like to edit the parameters to help produce better results.
In addition to my e-book I am also happy to give you a copy of best selling e-book, A Practical Guide to Swing Trading, by Larry Swing. This book has sold thousands of copies and is one of the best selling swing trading books ever written. Swing trading is my prefered method of trading as it can be extremely rewarding and you don’t need to put too many hours in.
Your Bonus
- A Practical Guide To Swing Trading (pictured)
- Forex Trading Strategies e-book (pictured)
- How to be successful
- What to Trade, When to Trade and How to Trade
- The Best Hours To Trade
- Automated Forex Trading
- Learn About The Market
- Information You Should Always Watch Out For
- The Realm of the Automated Trading System
But don’t just take my word for it.
Here, take a look at what others have thought of this bonus:
Forex Trading Strategies: “Wow, this e-book was a lot more then expected. There is so much info and I now feel like I really understand all the basics involved in trading in the market. I hope that my profits continue to increase, as they have done since my renewed interest and knowledge of Forex strategies helped along by this e-book”
A Practical Guide To Swing Trading: “It is an easy to follow guide, If you plan on investing in individual stocks, and lack a strategic approach in so doing, then this book is definitely a good start”
These are just a couple of the remarks that have been made about these two books, and as you can see it isn’t only beginner traders who have found them helpful. My friend thinks I am mad to let any copies of my book go when I could easily charge $79, but I make enough money and like to help those who are in the same position I was a few years ago.
However, I will be selling the e-book sometime in the coming months and will therefore be limiting the numbers to the first 20 people who order through this link. Should my site be up and running sooner than I expect then I reserve the right to pull this offer at any time and without warning, so those who want to get a head should take advantage now.
How to Claim Your Bonus
1. To claim you exclusive Forex Mercenary bonus order the signals software through this link.
2. Email me your merchant receipt to the following address: simon [at] forextradingdominance [dot] com.
Please allow up to 24 hours for delivery of your Forex Trading bonus (if you have any questions please feel free to contact me via email)
*I absolutely reserve the unconditional right to remove this bonus offer at any time.
Get Forex Mercenary + 2 Forex Bonuses
For more information please check out what James Marshall has to say about his new software as this will give you a helpful insight in to what Mercenary is all about:
Happy trading,
Simon W
What is Forex?
Forex (foreign exchange) is a term that describes the trading of foreign currencies around the world. The Forex market is the largest trading market found in the world, with literally trillions of dollars exchanging hands every day. Traditionally governments, banks and other large organisations and traders used the market, but in recent times we have seen an increase in the number of people looking to make addition money from home.
The main trading centers around the world can be found in New York, London, Frankfurt, Sydney and Tokyo. There must be two ends to the trade in order for it to take place and due to the worldwide nature of Forex, the market is open 24 hours a day.
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