Saturday, March 12, 2011

Fibonacci Killer is it worth it?


Why would I use a signal generator? Personally I prefer looking at the charts myself, with my own eyes. The interaction that you get with the chart, the familiarity, there is no substitute for that. I do the analysis, I do the hard work. But it does help to have a little helper by your side, especially in the midst of the battle, which is what speculating (not investing) is about. So if I am missing something, then the Fibonacci Killer system is of help. But I still encourage you to do your own analysis from time to time at the very least. Be it Forex, Commodities, Stocks, Bonds whatever, I would say that looking at the charts is important. Now some people may say “I prefer Fundamental Analysis, so I will not bother looking at the chart” They may liken themselves to Warren Buffet, well so do I, and I will let you know why I still look at the Charts, the reason is so simple it will make you laugh. I know it made me laugh, laugh at myself, because I used to vehemently argue against looking at charts without know exactly why back after I read the Intelligent Investor (By Benjamin Graham) when I was a teenager.

I know you want to know where Fibonacci Killer is a scam or not and if it really works? I completely understand how you feel because just a few weeks ago, I was looking for a review of Fibonacci Killer myself. But I didn’t find anything genuine and that’s why I created this website to help people like youmake an informed decision before buying. All I found was BS by sites that could not even spell correctly, after all if someone cannot even spell “Guarantee” how can you trust their review? I was fed up with the ridiculous reviews clearly put online by people just out to make a quick buck from advertising. Sometimes creators of great products pay the wrong people to advertise their products and come out looking like scam artists or idiots. Is Fibonacci Killer a scam? I don’t think so. Is it useful: Well yes and no, I will detail why in my posts. By the way, if you’re looking to visit the official website, please click here: Fibonaccikiller official site What does it do? Quite simply it provides trading signals which you can decide to follow or not. It does NOT trade for you. Personally, I do not trust programs to trade for me. The infrastructure that I (or any normal computer user for that matter) uses just cannot support program trading, trust me. No matter how advanced your algorithms, if your infrastructure fails, then its worth nothing. So if you are looking for a Robot that trades for you, go elsewhere, in fact go to: Pro Forex Bot It leads to Pro Forex Bot which is, from my research, the best retail product out there, but still pretty crap given the infrastucture factors. IF however you are a mega-geek with an amazing computer system, then it may be for you. Anyone who has walked onto the trading floor of any bank (Investment Bank) will be able to tell you that you best leave algo trading (Robots) to the Pro’s. I’ve got to go now, but next time, I will go through What Fibonacci Killer is based on.

Ok it is the typical WordPress title “Hello World” but I could not think of anything else, nor can I be bothered to as I am more focused on trading, this is just a hobby. So Fibonacci Killer eh? Well lets see if they are worth their salt in the following posts. First though: What a stupid stupid name!! I mean seriously, why on Earth would anyone call their product Fibonacci Killer, it just conjures up macabre images of one killing that lovely mathematician. Fibonacii’s theory is so beautiful that one immediately falls in love with the guy (fraternal love). One has to wonder, what a beautiful mind he had, that so deciphered the language of God. That found God’s handwriting hidden in the beauty of this world via mathematics. Then some guy comes along and trashes his memory by saying Fibonacci Killer. Is he saying he is killing Fibonacci, or that Fibonacci is a Killer or what? I almost did not buy the product on those grounds alone. But then I calmed down and took control of my emotions (as any good trader should know how to do within a few seconds) and considered how it could add to my trading of Forex and Stocks. After all each person must form his own system, aided by his own toolbox, and I needed some tools to add to my framework of understanding. So is it good, well for some people it is, for others however it is totally useless, read ahead and decide for yourself. I have kept my copy, you may choose not to and get a refund, whatever, I could not care less. Here are my thoughts about the product.

PS Sorry for my angry tone, but when I was searching for a review I went through so much marketing nonsense on Google that I get in an angry mood every time I remember how many snake oil merchants’ sites I had to go through all marketing the product and just saying “Buy it, Buy it, Buy it!” without any genuine thoughts, the same fellows would sell you rival merchants stuff or even magical trading socks as long as they make a buck.
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