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Tuesday, April 28, 2009

FX Reports

By Carlo S

Canada-based FxReports.net is one of the new players in the forex trading scene having been established only recently in July 2007.

The site offers a trial subscription $4.95 for 15 days and provides a demo account. The demo account is at no cost to subscriber but provides firsthand experience on professional trades. A demo account works the same way a real account does except that no real money is involved. The subscriber gets a feel of the transactions in the forex market.

A paying user is also granted access to the sites training resources and video vault.

The sites premium product, however, is the Excalibur V 2.25, a forex trading software. Excalibur, which Fxreports calls The Automated Managed Account Trading System, boasts of a constant profit factor between 100 plus pips a month.

Excalibur trades on all currencies and on the American and European markets. The program can run on accounts with $1,000. What the software does is that it trades on its own automatically relying on 40,000 hours of testing and a regularly updated database. The program has the ability to modify trades to maximize profits. Excalibur is also claimed to have consistency and the ability to manage trade lots sizes according to the current balance. - 23200

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