Forex Ambush 2.0 Review - Read Before You Buy

Forex Ambush is one of the most popular Forex signals providers (although its latest version includes an automatic trading program as well). The way you work with it is pretty simple:

1. You get trading signals in your email or text messaging
2. You enter the trade exactly as the signal ordered, including Trailing Stops and Take Profit prices.
3. The trade will close on its own, hopefully making you a nice profit.

I believe that the main reason why Forex Ambush has become so successful, apart from the many positive testimonials it has is that the people who created it claim to have a 100% accurate Forex signals rate. This means that they claim that they never, ever, get a losing trade. Never.

Click Here to See Some Forex Ambush Results

The Truth About Forex Ambush

The truth is that Forex Ambush isn't 100% accurate... at least no in any smart or good way.

The reason why there are no losing trades with Forex Ambush is that there is no Stop Loss or losing exit strategy employed whatsoever.

The concept is this: you enter a trade with a Take Profit of about 20 pips. If the trade goes up, great, you employ a trailing stop of 5-8 pips. Then, if the trade exits profitably you've got a small profit out of the trade and you can chalk one up for the Forex Ambush 2.0.

The problem is that if the trade turns against you, there is no Stop Loss. Nothing. You can remain in a huge drawdown virtually forever or until such a time arrives as when the market goes back and you can earn a small profit. This can take months. In the mean time your money is stuck in a losing trade (perhaps hugely) and you can't do anything with it. It certainly isn't working to make you more money. This kind of reckless strategy is against all common sense and accepted trading principles. You always use a Stop Loss. Always.

I happen to think this is madness and highly risky.

Working with Forex Ambush 2.0

Another problem is that it's difficult to work with this signal service. Unless you're using their AutoTrade option which takes care of the trading for you, you need to be practically glued to your email or your cellphone to get these trading signals.

Some signals are for very quick trades. You can get 2 minute trades which is virtually impossible to carry out unless you're checking your email at this exact same moment.

In addition, I've read a lot of bad reviews about their customer service. They tend to not answer emails or answer them rudely.

Alternatives to Forex Ambush

If you're looking for a safer and more reliable trading signal generator, I recommend using Forex Killer. It's been around longer, has been used by a lot of people, has a support staff behind it, and has excellent reviews.

You can check out this Forex Killer Review for more details.

In Conclusion

I don't disregard the positive reviews Forex Ambush 2.0 has. Some people like this service and I wish them all the luck in the world. I happen to disagree completely. I think it's unwise to work with this service.