If you’re interested in automated trading in the Forex market, you may have come across Forex Fury. In this review, we’ll take a closer look at this trading robot and evaluate its potential to help you generate profits.
It is likely that you have checked the forex fury website, but you still have doubts about whether this robot is worth buying.
In this forex fury review, I will be giving detailed analyses of the robot.
Forex Fury Features
|Price||$299.9 for the Gold package, $439.99 for the diamond package|
|Refund?||No refundment plan.|
|Currency Pairs||All currency pair, indices, and even cryptos.|
|Trading Platforms||MT4, MT5, NFA, and FIFO.|
|Historical ROI||10-20% Monthly ROI|
|Website||Forex Fury Robot Website|
A Quick Explanation On What The Robot Is About.
Forex Fury is one of the most popular forex robots on the internet today.
However, 90 % of forex trading robots are scams, and you should consider important things before buying any forex robot.
The robot trades low-risk, medium-risk, and high-risk strategies.
It opens trades around 4-5 PM EST. The developers believe that this is the best time to trade.
According to the developers, at that time, the market will lack volatility, thereby making it the best time for advanced scalping to pick easy wins.
In addition, the developers designed the robot to trade for just 1-2 hours daily.
Many people believe that the forex fury is the most effective robot online today.
This is because it provides traders of all skill levels a trading opportunity that can be safe and aggressive simultaneously.
Also, the robot has a 15-year backtest result and reports a 93% winning track record with verified Myfx support accounts.
Furthermore, the robot is compatible with any broker and any account size.
This robot has two different packages; the Gold package and the Diamond package.
Should You Buy The Forex Fury Robot?
Despite the fact that the forex fury robot has the Electronic Communication Network’s support, it has a lot of shortcomings.
One of the six things to consider when choosing a Forex robot is to be skeptical when it is too good to be true.
The forex fury robot has a 93% winning percentage on live trading which is way too good to be true.
In addition, the robot has no refundment plan. If a trader buys the robot and it malfunctions upon testing, there is no way he can get his money refunded.
Also, the robot trades for only 1-2 hours per day, which sounds really whack for a robot that has a 93% winning percentage on live trading.
Forex Fury Robot: Strategy Review
The developers of this robot did not reveal the strategy that this robot uses in placing trades.
However, they mentioned Martingale and reverse strategy as part of the strategies they are still testing.
Although it is common for robot developers to hide their strategy due to the fear of theft, it would be so nice for anyone to know the strategy that is used to place his trades.
Also, the developers of this robot did not program it to trade other kinds of markets aside from a range-bound market.
This is risky for anyone that decides to buy the robot. Does this imply that when a market is not ranging, a trader cannot make money with his robot?
Forex Fury Live Accounts Results
The robot has a 93% winning percentage on live trades, according to claims on the website. Could this be real?
However, a further investigation into those trades has shown some huge drawdowns that the robot recorded.
On some trades, the robot recorded drawdowns like -29.57%, -41.90%, -38.79%, -26.51%, and even -43.10%.
It is so hard to believe that the robot recorded a 93% winning percentage on live trading with these drawdowns.
The forex fury robot works with any broker but has no refundment plan.
The robot recorded huge drawdowns on live trading. Even the developers said, “Do not be worried if you see one of our accounts with a large drawdown. We are just pushing the limitation to learn and grow”.
After reading these words from the developers, would you still go on and buy the robot?
Or, instead, I would register for an online course to gain advanced knowledge of forex trading.
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