Forex Executor Pro Review
Forex Executor Pro is a software plugin which runs on the Meta Trader trading
software (which most brokers offer for free) and allows you to trade much more smoothly, effectively, and with a
higher profit potential than the regular Meta Trader brokers can allow.
To understand why this product was developed, you need to understand how the NFA (National Futures Association)
changed the way any US based broker can trade Forex since August 1st, 2009.
The NFA created a new set of regulations which is known as the FIFO trading rule. What this meant was that if
you have 2 positions open on a currency pair, you have to close the first before you can close the second.
This was done to prevent hedging and market manipulation by Forex speculators but it made trading all the worse for
all of us.
The new regulations made it impossible for brokers to offer these trading orders:
- OCO - One Cancels the other which was used to straddle the market and is a highly popular strategy.
- Take Profit - Which basically exit the trade at a predetermined profit.
- Stop Loss - The most important order of them all which limits your potential loss.
This has turned Forex trading upside down. Some brokers simply canceled these kind of orders (making Forex much
harder and riskier), while other turned their clients to overseas brokers which usually cost more and may be more
difficult to do business with. Going overseas if you live in the US is a bad, bad idea.
Simply put, this could've killed Forex trading. This is what Forex Executor Pro is trying to solve.
Click here to see how it's
done
How Does Forex Executor Pro Work
Forex Executor Pro is a small piece of software which plugs in to your trading platform and allows you to create
the same kind of orders with the NFA removed. What really happens is that you place all these "forbidden" orders in
the Forex Executor Pro, but they don't get registered at your broker until they need to be executed.
This makes it possible for you to carry out all these orders as usual:
- One Cancels the other
- Stop Loss
- Take Profit
- Trailing Profit
- Breakeven
All these orders allow you to continue trading with a US broker and still have all the flexibility which you
once had. It makes Forex what it used to be, a great place to trade.
The software matches the experience you have in Meta Trader so you'll find it super-easy to operate. In fact, it
has a few things the Meta Traders brokers don't offer.
click here to Read more About
Forex Executor Pro
Hidden Orders
One of the major problems in the Forex market is that when you place an order, your broker knows what you're
going to do (including your stops and limit orders). This allows some brokers to use this information to act as
traders themselves. There have been a lot of complaints about this but it seems to be totally legal to do.
Scalpers and day traders suffer the most due to this since brokers can actually limit their actions.
Forex Executor Pro solves all these problems since your orders are hidden from your broker until they're
executed. The orders are saved in your ForexExecutorPro plug in. The broker is totally blind to what you're up
to. You have more freedom and the ability to make more money without the broker taking advantage of your
trades.
To read more about this visit ForexExecutorPro.com
Should You Use Forex Executor Pro if You're Not
American?
The answer is yes for a couple of reasons:
- The hidden orders help everybody.
- Improved trailing stops
- Text messages alerts
Improved Trailing Stops
ForexExecutorPro offers better trailing stops then most brokers. While some brokers put limits on the size of
the trailing stop and fail to implement a pip by pip trailing stop, this software does it perfectly. Again, this
affects all traders globally.
Text messages
You can get text messages to your cellphone about certain things which are happening with your trades straight
from the Forex Executor Pro. Often, this kind of service costs extra with a regular broker, but it's free with this
software.
In addition, the software is fast and easy to install and provides a great benefit regardless of where you trade
from.
click here to Read more
About Forex Executor Pro
In Conclusion
If you trade with a US broker, you just have to get the Forex Executor Pro.
There's no question about it. You'd be a crippled trader without one.
If you live overseas and trade with a foreign broker, the NFA regulations don't apply to you. However, if you
want a more flexible way to trade, with hidden trades, free alerts, and better trailing stops, you need this
software. I highly recommend it.
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