If you are reading this review you are probably sick of reading those so called “reviews” of the Forex Funnel by people who don’t really know what it is let alone actually got a copy and put it to work on a live MT4 Trading Account.
Apologies to the seasoned traders, but some readers may need a quick introduction to Forex and Forex Funnel to understand this review.
WHAT IS FOREX TRADING?
Forex is short for Foreign Exchange and is the practice of buying and selling different foreign currencies. The currencies are in pairs with the most common being USD/EUR ie. US Dollar and Euro or USD/JPY ie. US Dollar and Japanese Yen.
There are many benefits to Forex Trading vs Stocks and Shares Trading including:
24 hour Market – This truly global market never sleeps and can be traded by anyone, anywhere in the world Multiple Income Funnel Bonus
No commission – Brokers and Internet trading platforms make money from the spread between Buy and Sell prices
Demo Accounts – You can actually “play” at Forex Trading with a demo account, this allows you to work out how things work without risking money
WHAT IS FOREX FUNNEL?
Forex Funnel is an automated trading robot which plugs into the Trading Platform (this is software that you download to your computer which allows you to trade) and decides when to buy and sell. It is called an Expert Advisor or EA for short.
There are various EA robots on the market, but Forex Funnel is unusual because it trades on the USD/JPY pair not the more common USD/GBP or USD/EUR pairs.
You have probably read all the reviews about how much money the Forex Funnel has made over the past 4 years, some quoting figures of $330,000 and some quoting $460,000 (this is what the website demonstrates) but those are back tests on past results what impressed me most was the ACTUAL performance between 16th June 2008 and 18th July 2008 which shows profit of over $10,000. In just over a month the original investment of $50,000 increased by 20%!