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We are reviewing forexeasynow.com or the FEN Forex Formula. According to the developer, the FEN Forex Formula will change the way you trade forever in terms of making trading enjoyable and more profitable. The Forex indicator is allegedly not repainting or using lagging indicators. That is why the developer believes that they have a unique product which customers can purchase to take their trading to the next level.
With the Forex Easy Now, traders don’t need to invest more time in front of their PC monitoring or studying the charts. It allegedly saves time. This indicator is also eliminating the use of several indicators and trading rules which many traders are currently using and not getting the results they expect.
The developer is promising their clients that the Forex Easy Now system is a very rare product and offers and easy way to trade the Forex marketplace. It allegedly places the ability to predict the direction of the market in your hands. After analyzing these promises, a struggling Forex trader who is searching for a good indicator might feel excited, believing that they’ve ultimately found the answer to their trading problems.
So the question is this: can you trust Forex Easy Now or is this yet another trading indicator that repaints and does all the things that make 99% of Forex indicators in the market failures?
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This is a Forex indicator as we have stated in the beginning of this review. But the developer believes that this product is quite different from what we are used to in the market. They believe that the knowledge that has gone into the development of this product will make it the best of the best.
We are assured that the indicator is not comprised of useless trading indicators that contradict each other. It can also work in any market, whether Forex, Commodities, Stocks and even Binary Options. In addition to this, it trades Cryptocurrencies like Bitcoin. Scalpers and swing traders can use it as well.
The best time frame for utilizing this indicator is the M15 time frame, although it allegedly works with all time frames. One of the most outstanding features of this indicator is that it can generate Future signals and trade news as well.
Our take is that indicators are generally reading what has already taken place in the market. An indicator can never produce signals when a formation has not happened in the market. So when the developer says that the Forex Easy Now system is not repainting or lagging, it is hard to believe without giving us further explanation of how this works.
By the way, the developer does not say which trading indicators they are using to make the algorithm of this product. They are only giving us a generic explanation that the FEN Forex system is using a ”rate mathematical formula” to help you win most trades. We are definitely expecting this developer to expound on the statement so we can get a clear glimpse of how this system works. Otherwise, we are entitled to assume that the Forex Easy Now system is based on the common indicators that are freely found with any charting solution, including the Meta Trade 4 platform.
According to the developer, the FEN Forex system is quite dynamic because it accommodates all types of traders. It can be used as a stand alone trading strategy because it accurately picks the tops and the bottoms at predicted times while handling volatility perfectly well.
Secondly, the FEN Indicator could be used with an existing strategy to determine where to enter or exit trades respectively. The third most important point to note is that it can be used with any EA. The developer thinks that qualified coders could modify their expert advisors to follow the directions of the FEN indicator.
And of course the FEN Indicator is also allegedly good at news trading. It can predict when volatility is about to increase due to news breaks. The question is how accurate is the Forex Easy Now indicator in trading news breaks? Most traders are avoiding news trading because their stops are always being hit. So they are always taking losses in these kinds of market.
Lastly, the indicator can also trade Binary Options. Binary Options are not highly preferred at this time due to regulations which have seen this kind of trading being restricted in the US and in parts of the EU.
Past performance is important when it comes to determining the trading performance of a system. If we can have numbers that can be verified, that can give the vendor some advantage in terms of trust because clients no longer want systems whose performance cannot be verified.
This developer is presenting a few screenshots of performance on their website. While this is a good step forward, we don’t know why they are not opting to track the performance of the Forex Easy Now system on a verified myfxbook account.
Screenshots have their own shortfalls which work to the advantage of the vendor and disadvantage of the client. The disadvantage is that we can’t really determine if the screenshots are representing real trading results. And secondly, we can’t tell if the vendor only selected the best trades and ignored the losing ones. However, a myfxbook account would give us a true picture of what is happening with the indicator in question.
So we feel that in terms of trading performance, the vendor had done a poor job at presenting results. They should probably consider changing this method of presentation to gain more trust. Otherwise, there’s nothing that’s separating this vendor from others we have reviewed here before.
Before you invest in the Forex Easy Now indicator (worth $250), evaluate your decision based on this review. If you suspect that this product is a scam, you are free to pick the best alternatives here.
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