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Forex Miracle Review

Forex Miracle rating: 1 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 5 (1 votes, average: 4.00 out of 5, rated)
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forex-miracleCreated by John Kaplan and Kevin Hansen, Forex Miracle software is touted as the first commercially available 6-figure automatic forex system supposedly in view of the big profits it could make. Kevin Hansen is also the author of the famous “Universal Pip” computer forex trading model developed by him in his erstwhile job with FXL Capital Management.

You could buy this software for a one time instalment of just $97 and that entitles you to product updates for a lifetime at no extra cost. The authors of Forex Miracle software expect you to report back on the profits you make every 3 months so that they could use that data to make Forex Miracle even better. Of course this is optional and not binding on you to do so.

You get a 60-day grace period during which if you are not happy with Forex Miracle, you get a full and prompt refund. But they allow you to keep the bonus gifts for free simply because you have chosen to evaluate Forex Miracle.

They give you yet another guarantee. If you don’t profit at least 10 times your investment, the authors of the software will work one-on-one until you reach that goal. Even after that you don’t reach that goal; they will buy the system back from you at double the cost i.e. $200. A good deal indeed!

Features

Forex Miracle software is designed to trade in volatile markets where returns could be as high as 400% in a single month. How does Forex Miracle system work? It first uses technical analysis to analyze each currency pair. What this means is that a currency pair’s past price movements is used to accurately predict its future direction. The currency price changes are put into a chart and Forex Miracle looks to these charts patterns to predict future price range. In other words you could say that Forex Miracle has a “sixth sense”, or a sort of “feel” of how currency prices will change at any given point in time. You could say that Forex Miracle looks to secret chart patterns for determining the possible “break-outs” to profit from.

There are a few bonuses that come along with Forex Miracle software.

Bonus 1: An exclusive high end training programme called “Forex Money Magnets” that tells you simple and easy methods to boost your trading profits and generate more cash or at least stop making loosing trades. This bonus is supposedly for the first 300 people who order Forex Miracle system.

Bonus 2: Kevin will consult with you on a person to person basis telephonically and coach you personally. He will tell you the most effective techniques, find out what’s broken in your trading and fix it. His aim would be to take your forex trading to the next level. This is what you would call in-depth consultation and personal mentoring and is supposedly meant for the first 150 people who order Forex Miracle.

Bonus 3: If you are one of the first 50 people who order Forex Miracle Kevin will make a tailor made automated forex system especially for you. He would get on the telephone with you and personally mentor you, iron out your problems and then make out that special forex system just for you. You cannot attribute a value to this bonus as it is priceless.

Forex Miracle claims to make an average of 1257 pips per week per contract but sometimes the system gets it wrong. That’s when you loose money. The Forex Miracle site explicitly states that if you are not emotionally stable to handle a loss then you simply shouldn’t be buying Forex Miracle.

Support is adequate and you can contact them through email to get a prompt response.

Conclusion

Although they claim no experience is required to use this software, the fact remains that if you are going to get mentored in forex trading by the authors of this software, surely you must have at least rudimentary knowledge of forex trading. Nevertheless for a novice or the expert, it is an interesting piece of software.

Write your own review of Forex Miracle

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2 Comments»

Comment by merrill
2009-08-12 14:42:36

I have used different forex softwares but Forex Miracle stands apart. Here’s how I think it works.

Suppose it is the EUR/USD you were trading. Forex Miracle will first fetch the technical analysis of EUR/USD. It will then analyze the data within the software’s algorithm.

Specifically it will focus on the EUR/USD’s past price movements. It then puts the data into a chart. The algorithm within the Forex Miracle analyzes these chart patterns and figures out the future price range.

These price ranges are extrapolated for break-out prices and that’s how Miracle trades. The bonus products are good especially the one Fx Magnets training programme because you could just as well use the info for trading under any conditions and not necessarily with Miracle.

merrill ratings for this post: merrill gives a rating of 4merrill gives a rating of 4merrill gives a rating of 4merrill gives a rating of 4merrill gives a rating of 4
 
Comment by jackie
2009-08-12 15:11:32

Does it work with a small account? I am curious as I don’t want to buy a software that doesn’t trade to my account balance. Most of these softwares has this problem!!

jackie ratings for this post: jackie gives a rating of 4jackie gives a rating of 4jackie gives a rating of 4jackie gives a rating of 4jackie gives a rating of 4
 
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