Forex Mercenary released to the public on January 12th, 2010.  But what is exactly is the Forex Mercenary Software?  Is it a robot? Is it a trading indicator? Is it a Signals Indicator?  In this Forex Mercenary Review, we will take an in-depth look into this Sofware to see what this product really provides and to determine if its worth the $97 price tag.

What is the Forex Mercenary Software?

The Forex Mercenary Software is a signals software which provides its users with alerts when it spots a potentially profitable trade.  The software provides the exact entry and exit points for the user to place their own trade manually.  This type of software is becoming highly popular over the traditional forex robots because of the control the users have over their own trading. They can adjust their level of risk with each trade placed and they can choose not to place certain trades if they don’t want to.  Additionally, the user can learn from each trade placed and apply what they learned to future trades.

Traditional forex trading robots do not allow you to do any of the above.  They cannot learn from prior "bad trades" as they will keep making those "bad trades in the future.  You cannot choose to ignore some trades that the robot has chosen to make, you can only completely turn off the robot.(but you can’t pick and choose).  And lastly, you can’t adjust your risk on every trade.  Yes, the robot has certain risk settings, but you can’t adjust them on the fly as you can when you place the trades manually.

Who Can Benefit From a Signals Software System?

The good thing about Signals Software is that they are still useful to beginners and seasoned traders alike.  They are good for beginners because they do not have to learn every in and out of the market and it provides a clear trading system.  The software provides the trade, but it is up to the user to place them (and placing trades are very easy once you have done it once).  This provides the users a sense of "learn as you go" which gives them invaluable experience and makes them smarter with every trade they place.  Unlike using forex robots where the users never learn a thing. 

Additionally, this type of software is great for seasoned traders to as it provides them with total control over their money.  Most seasoned traders never got into the "forex robot" hype because they knew that in order to be successful with forex trading, you must learn a system, apply the system, control your own trades, and have control over your own money.  But without having to monitor the markets 24 hours a day and 5 days a week, forex signals software like the Forex Mercenary can provide seasoned traders with the signals they need on the spot but also provide the ability to control their own trades and money.

Is Forex Mercenary Worth the $97 Price Tag?

In our opinion, Forex Mercenary will easily be worth the $97 price tag.  To give you some comparables, forex trading robots usually range anywhere from $97 to $997 and one recent forex signals software, released just 2 weeks ago, sold for the same amount of $97.  At this price point, it is very competitively priced.

What Kind of Income has the Forex Mercendary Signals Provided its users?

I’m not going to get into all the details of proof of income here, as I’ll leave it to the Forex Mercenary Beta Testers to tell you that, but below are just some figures from what has been seen so far:

1) 1,058 Trades without a loss

2) The above wasn’t just a one time occurrence either, these signals also provided another 1,000+ trade win streak (in the last 3 months of testing)

3) Starting with a $5,000 account balance, these signals provided $26,000 in profits from just 3 days of trading, $44,000 profit in one month, and $140,000 profits in just 3 months

The Forex Mercenary Signals Software is an active signals provider.  Unlike other signals software where you may only get one alert in a day, this signals software provides its users with frequent alerts per day, so active day traders will not be disappointed either.

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