Forex Killer is one of those Forex robots which has been around for a while and claims that it can make you rich with no effort and make thousands a day in profit in fact, for the 2008 – 2009 period it claims that it more than doubled account equity yet, its cost is no more than a night out at the bar. So can you really get rich with Forex Killer and make no effort? Lets take a look at this currency trading robot in more detail.

Forex Killer is one of those Forex robots which has been around for a while and claims that it can make you rich with no effort and make thousands a day in profit in fact, for the 2008 – 2009 period it claims that it more than doubled account equity yet, its cost is no more than a night out at the bar. So can you really get rich with Forex Killer and make no effort? Lets take a look at this currency trading robot in more detail.

The Developers of the Trading System

The copy tells us a little about the developer of the system who seems to have a good grounding in the Forex industry...

“Please let me introduce myself, my name is Andreas Kirchberger...I used to work for Deutsche Bank as a forex advisor but I made the decision to quit because one question kept nagging me and even haunted me in my dreams: Why should I work and sweat for 8 hours a day making other people rich by researching reports and monitoring market movements? ...That`s why 2 colleagues and I developed the Forex Killer, which is the only working forex signal generator on the market today. I`ve already made hundreds of thousands of dollar”

I saw a review of the system a while ago which actually pointed out that Andreas Kirchberger was actually an actor and provided a link to the actors site and yes they did look exactly the same1 OK so maybe the developer just wants to remain out the limelight.

The Track Record of the System

So the robot promises huge gains so where is the track record and audit of the gains claimed in the copy? You don't get one of course but if you look down to the very bottom of the sales copy, you will see the usual disclaimer which most of the cheap Forex trading software, claiming huge gains with no effort have and its printed below:

“CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.”

So a track record which is simulated going backwards which of course is easy, making money in the real world without this key data is far harder.

Summary

The copy has been re vamped since I last saw this system and while its slick copy, there is no evidence that this robot will make the money it claims. Let's face it if we could all buy cheap robot software and make an income for life, for a small one off fee, 95% of traders wouldn't lose money and the whole world would suddenly become traders.

Many naive traders will no doubt buy it but my own view is to be very cautious, of any system which claims to make huge gains, with low draw down and no effort.