The Forex Assassin system is claimed to be a system that requires hardly 1 minute per week to make high pips or high profits.

I bought the system today and went through it. Initially I was a little doubtful as to how can a system require less than 5 min per week to understand entry and exit points. Rest of the stystems require atleast 2-3 hrs per day to find a trade that can be made.

But once I started going through the ebook, it became clearer as to why people say that Forex Assassin is simplest of all systems in the market. Its very nicely explained with very easy language..

The ebook kept me involved for 3 straight hours. It no point was the interest dropped. Also, the system comes with a very interesting strategy which is price driven. I was so excited after reading the Forex Assassin material that after going through it I decided to put it into use immediately. I looked at the chart of GBP/USD, took the price points of GBP/USD currency pair and entered on the formula that comes with the package and placed a trade with in next 30 min. (At 3 AM in the morning!!).

At that point I was still nervous, can the system really work? Anyways there was a money back guarantee. so If it does not work, I thought I'll ask for the refund.

But guess what I made a healthy 55 pips profit on my first trade using the strategy mentioned in Forex Assassin . I could have made 82 ($820) pips as the system suggested, but I was scared that I would lose the 55 pips, so I closed the trade quickly 

Not bad for a new system..right?:-)

Like I mentioned One of the huge benefit I felt of this course is that it is very easy to understand and also one can place a trade immediately like I did. Also, the Forex Assassin system can be used by people of all experience levels including experts and beginners.

However, is it a system that you should buy?

Let me help you with that decision.

Whenever you are looking for a system to trade, it should have 3 important components -

1. It should be easy to understand. If you don't understand, you cannot apply the strategy when placing trade.

2. It should be reliable or at least it should mention the conditions when the system will work better. For e.g. If a system is applicable only on 15 min chart, then it should give consistent results.

3. It should always mention the pre-requisites. The prerequisite can be that it requires knowledge of EMA indicators or it can be used only by seasoned-pros etc.

When you look at Forex Assassin System on these 3 criteria, it becomes very evident that the creator of the system tried to make it very easy. Infact its so easy that it doesn't requires any experience as the system comes with a formula in which you just have to enter the price of the currency pair and the formula will tell you if the buy and sell points for the trade and when you should close it.

To find out experiences with this system, you can check here - Forex Assassin

The system also claims that you do not require more than a few min. per week to apply the strategy in that trades. This is phenomenal considering most of the strategies in the market require you to continiously monitor the charts.

In terms of Pre-requisites, the Forex Assassin system is straightforward. It can be used by anyone. But its always better if you have some basic knowledge of some of the terms that are found in any system.

In terms of price, I feel the price is just about what all the systems typically charge. Infact this system is may be a touch cheaper. Most of the system comes for $97. Forex Assassin is getting sold for $77. Also, the package comes with 8 week moneyback guarantee.

Forex Assassin is a price-driven trading system that uses no other variables as a part of it's strategy - traders don't have to monitor the market, deal with indicators or configure complicated trading scripts or software.

Very similar to Forex Trading Machine (by Avi Frister), Forex Assassin is a very specific trading system where the trader need only look for certain conditions that, when met, warrant a pre-defined set of actions that will consistently generate profitable trades.

The primary advantage of this kind of system is that there's no thinking, tweaking or "emotion" in the equation. The trader simply looks for a condition and then follows the Forex Assassin blueprint.

This is the ideal "paint by numbers" trading system - if it works.

Because Forex Assassin is purely a price-driven system, it's a much easier trading strategy to follow and lends itself beginners (as well as experienced traders).

Again, similar to Forex Trading Machine , the Forex Assassin method is designed for people who have limited time to monitor their trading. Their website claims that it's truly "set and forget", to the point where a trader can spend just a few minutes setting up a trade on the weekend and then just let it ride...

More specifically, here's what Forex Assassin "is", and how it works:

. Price-driven trading system based on pre-determined "trading zones", where the trader simply looks for certain conditions to be met, and when they are, a pre-determined trade is executed.

. "Set and Forget" due to the price-driven trading model

. Allegedly works with any currency pair, in any country, with any broker

. The entire trading system, blueprint and trading help documentation is contained within a downloadable package that includes: a 50-page step-by-step guide for using the trading system, a short guide on how to start "paper-trading" (using a forex simulator), sample trading plans, and the "Forex Assassin" formula for generating accurate predictions based on price data of a given currency pair.

So it's not software, but it is a specific trading system that a trader can follow - brainlessly - and allegedly profit repeatedly just by emulating the Forex Assassin formula. Thinking, market watching and decision-making not required...

But does the system work?

What It Actually Does:

Our thorough research into actual consumer performance testing/results has shown that Forex Assassin is a consistently profitable strategy that indeed caters to the "casual" trader - someone who loves the idea of earning extra monthly cash just by executing a 10-minute effort (setting up a trade) on an idle Sunday afternoon...

However - this is an entry-level strategy that might not be ideal for full-time traders, due to the relatively low-end pips generated by this more "reliable" sort of trading

Conclusion:

Forex Assassin might not exactly "assassinate" the forex market with record-breaking pips, but it does make for a very reliable option for earning profits consistently - perfect for beginners.

And as the Forex Assassin website encourages itself, the only thing you'll stand to potentially lose by trying it is at the most an hour or two of educational time...

Simply paper-trade the system with a demo account to see that (or if) it works, and if for some reason it doesn't - then you haven't lost any actual funds, AND, you can return the product as per their no-risk guarantee, if you wish.

But if you're like most traders who use Forex Assassin , you'll likely find it to be a sure bet for turning capital into profit with very little skill or effort required.