Wow, a great looking website, I hope that this new automated trading system Forex Power is as good as it’s website is impressive.
I can’t lie, I do like shiny things and this website sure is shiny. So, what about that product, what is it? So, Forex Power is another automated Forex robot. It is developed by Javier Perez, 2 other trades and 2 mathematicians. The software looks to trade the EUR/USD and the USD/JPY pairs and on average makes 5-10 trades every day.
What else do we know? Well, I know the software is expensive at $260 and that it is being sold on the ClickBank payment processor.
Forex Power Review Video
Here I will discuss the product, take you through the web site and hopefully provide a better understand of what this trading software has to offer.
So I mentioned already the site looks good, now let me go into the strategy and the results portion of the review. Starting with strategy, sadly there is very little information provided here. Often strategy is not discussed because it would make it easier for competitors to reproduce their system but I would like them to at least throw us some sort of a bone here.
It looks like the only way we can judge this system is by the results that are provided. As I mentioned before it trades two pairs exclusively and the money management doesn’t seem to increase the size of the trades over time. The majority of the trades are taken at 0.03 -0.06 lots. I usually prefer the statement being hosted on some sort of site so that it can be verified so that’s one knock against as well.
Forex Power Conclusion
My final thoughts are simple. Not enough, too expensive. If I elaborate on that it means not enough information on the strategy, not enough transparency with the results and a price tag of $280 that leaves me without much breath.
What do you guys think? Leave a comment for me below.