AUTO FORECAST EXPERT ~ forex trading education online
Kishore has recently launched a new Forex signal indicator software called Auto Forecast Expert. This indicator works on the MetaTrader 4 platform giving buy and sell signals and also automatically calculates a stop loss for every trade.
I have tried this indicator for over two weeks now and have found the signals to be quite accurate. Out of the 25 trades entered into, 19 were winning trades while the other 6 were stopped out. However, despite 6 losing trades, the win-lose ratio remains very much positive.
Unlike Instant FX Profits, Auto Forecast Expert has a 30 day money back guarantee, probably because it is not an educational course, but a software product.
I suggest trying this out on a demo account before going live. Also, dont over-rely on this indicator. I found that it is most effective when used as a tool to confirm a trade decision.
For instance, if the indicator gives a buy signal on the EUR/JPY, dont enter into it immediately. Instead, conduct a simple technical analysis such as finding support and resistance, determining market flow or check what the technical indicators (such as RSI, MACD, etc.) are showing. By doing this, we are using our own knowledge to enter into a trade, while being complemented by a signal indicator. In other words, treat Auto Forecast Expert as a virtual partner in your trading activities.
Find out more about Auto Forecast Expert and its full features here.
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