In this post I will be reviewing the Forex Success Code manual forex trading system. It has been developed to run in the ever popular MetaTrader 4 platform which you can download for free from most online forex brokers. To be honest, I think this is a basic trading course that is not that much different to something which you could create yourself by using the default indicators in your trading platform. That being said, some of you may like the convenience of having everything well packaged and explained to you in laymen’s terms.
Hopefully, this Forex Success Code Review will help you to decide if this is a forex trading strategy that you would like to try out. I think that it has some potential but does require the user to take some initiative. This means that you will need to confirm each trading signal with your own market analysis to make sure that you are happy to take the trade. If not, you can always wait for the next opportunity to come along.
What is the Forex Success Code?
The Forex Success Code requires just a few minutes to look over the charts for what the developer calls a “special signal”. This can be useful for those who do not have much time to dedicate to trading each day.
It can be traded on any currency pair and any time frame. I would personally trade on major currency pairs such as the EURUSD and GBPUSD primarily due to their liquidity and low spreads.
I would also consider trading long term time frames such as the hourly charts and above as these can help to filter out some of the noise and potentially choppy lower chart time frames.
The Forex Success Code is a combination of technical indicators that for on overall trading system. The indicators are colour coded which makes it very easy to use and to interpret each trading signal.
You can take the trading signals as they are or add your own additional market analysis to further filter the signals.
The Forex Success Code contains an alert function so you do not need to constantly stare at your charts waiting for signals to appear.
It can send you a pop-up, SMS or email alert when it finds a potential signal on the charts that you have the system running on.
How to use the Forex Success Code?
The Forex Success Code system has been developed to run in the MT4 platform. It comes as a trading template along with built-in indicators that you can apply to your chosen chart symbols and timeframes. You can use the default settings or adjust them according to your own needs. I would certainly practice on a forex demo account to begin with and only use this manual forex strategy as supplementary indicators to my own market analysis.
You will need to open an MT4 demo or real trading account in order to trade forex online. I prefer to use an ECN forex broker account as I find they usually have lower spreads and commissions along with plenty of liquidity to get good execution speeds at the best available prices. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Forex Success Code Summary
The Forex Success Code is a complete manual trading system that comes with indicators, template files, and automated installer program that requires just a couple of clicks to get everything in place. Whilst it may look good on the surface, it does require lots of initiative on behalf of the user. I think in order to get the best out of the FX Success Code, you will need to filter the signals. As with any forex strategy, there will be winning and losing trades.
There is no magic solution to manual trading, you will need to have your money management and trading discipline in check. It can take years of practice and patience. That being said, this particular trading system can help to inspire potential trades and filter your own existing trading strategies. I personally would not use it blindly without doing my own market analysis before taking a trade.
The developer claims that the FX Success Code is a comprehensive course that is designed to help you become a better trader, regardless of your forex background or experience. I am not a fan of the claims they make that you are guaranteed success with this strategy because that cannot be said about any forex system. Anything can happen in trading and there will always be significant risks involved that you should be aware of be using this or any other strategy for that matter.
You also get strategy guides that will guide you step-by-step to show you how to use the Forex Success Code indicators correctly. It also comes with full support but no money back guarantee.
You could perhaps practice trading with the Forex Success Code system on a demo trading account until you consistently make profit and feel confident to use it on a real live trading account.
The Forex Success Code can be used by traders of all experience levels as detailed easy to follow setup instructions are included along with full support.
Overall, I think that the FX Success Code is a basic forex strategy, and I do not think it is much different from a trading strategy template that you could build yourself in the MetaTrader platform by simply using the default technical indicators and drawing objects that are included within the platform free of charge. If you want to learn more and get the FX Success Code download you can visit the website by using the link below. Just keep in mind, there is a no refund policy so make sure it is something you think will be beneficial in your trading before making a commitment.
Forex Success Code
$67
Pros
- Manual Trading System
- Signal Alerts
- Technical Indicators
- Any FX Currency Pair
- Any Chart Time Frame
- Detailed Instructions
- Full Support
Cons
- MetaTrader 4 Only
- Not Very Innovative
- Quite Basic Forex Strategy
- Requires Some User Initiative
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
