Hi, Jeff here, from FX Rogue Review.org! And you are about to read my honest and unbiased FX Rogue review. Be warned, though, that I plan to discuss the product in great detail, covering both the good and the bad points. So if that is not for you, then you might want to leave now.
Keep in mind that this is just a review…
FX Rogue Review- How It Came to Be
The FX Rogue product was developed by experienced Forex “insider” (as he calls them), Bill Mitchell, who worked at an investment firm for more than ten years. He started like most of us average Forex traders – dabbling a bit in the markets but always struggling to make big profits on his trades. He would occasionally make decent money on his trades as a beginner, but he never made the big bucks until he got on the inside of the Forex market.
I had the opportunity to speak with Mr. Mitchell prior to writing this FX Rogue review, and he gave me some background on how he came to develop his system. You see, his first big break came when he was hired to be a junior investment analyst at a large Forex investment firm. He quickly rose up the ranks until he became a Fund Manager where he was introduced what he terms the “Forex Cartel.” Basically, this cartel is a group of top level Forex executives who operate on the inside of the market, watching the trades, and using data not available to average Forex analysts to pull in large profits. Well, one of the executives in the cartel took a liking to Mr. Mitchell, and trained him on the exact methods they used to make money behind the scenes.
Long story short, Mr. Mitchell made the cartel a fortune by learning and implementing trades as the executives instructed, while also earning himself upwards of $15 million (US). But, there was only one problem… Mr. Mitchell had a conscience. He had mastered the insiders’ methods on making large profits with Forex, but he felt guilty whenever he saw the average traders struggling to get by, as he once had been. His solution was to develope FX Rogue, a way to ease his conscience by helping others while also allowing him to continue to profit from the insiders’ trading methods.
FX Rogue Review – What Is it? & Does It Work?
OK, now that you know how FX Rogue came to be and why Bill Mitchell created it, let’s actually get into the nitty-gritty of what comes with your purchase. In order to write this FX Rogue review, I signed up several weeks ago and received my download instantly. It basically consists of a software download and a PDF eBook that tells you exactly how it works, and walks you through the installation process. I found the installation manual to be extremely clear, concise and easy to follow.
In order to set up the software, you first need to download a free piece of Forex trading software called MetaTrader 4 if you do not have it installed already. You can get this from your broker, or download it HERE and create an Alpari UK demo account. Although Mr. Mitchell uses Alpari UK for demonstration purposes, he strongly recommends you sign up with eToro for use with FX Rogue if you do not already have a broker.
Once you are signed up with a broker, have MetaTrader 4 installed, and have integrated the FX Rogue software into MetaTrader 4, you are pretty much set. As part of this FX Rogue review, I tested the software with MetaTrader 4 over several weeks, and the software works by following Mr. Mitchell’s trades EXACTLY. In other words, whenever Mr. Mitchell makes a Forex trade on his computer, the FX Rogue software will either immediately prompt you for permission to make the same trade, or it make the trade automatically (depending on how you have it set up). In this way, Mr. Mitchell can continue to implement the insider system without divulging its secrets to the world, but at the same time ease his conscience by letting the rest of us benefit from it.
So, I tested Mr. Mitchell’s skills in demo mode over several weeks and here are my results…
FX Rogue Review – My Results
I was a little bit nervous when I first set up FX Rogue because, although I have some Forex experience, I have never made huge profits. But, as Mr. Mitchell claimed, I really “did not have to know the difference between a pip and a pickle!” I had my doubts at first, but after several weeks of using FX Rogue, I had some surprising results. These are all demo accounts because I simply wanted to exercise some personal caution for my FX Rogue Review, but here are my initial results. See below:
Here is a sample of one of the more successful trades in January. I was trading with 1.0 lot size so it would have come out to $61.00 (US) on that trade, but I think it is important to mention here that you can adjust that. Mr. Mitchell recommends that you start out at a 0.1 lot size because he bases risk management off of that figure. You are certainly welcome to set it at whatever you like, of course, but just be aware that there is both the potential for more risk as well as the potential for more profits. I usually stick with a lot size of 0.1 but figured “What the hey!” on this one and it turned out a winner. Here is another good trade that FX Rogue made for me via Mr. Mitchell:
This was not as large as the previous gain I showed you, but it is still excellent considering the software basically runs on autopilot. Well, it is running on autopilot from our perspectives, but Mr. Mitchell is using his system to make trades and automatically telling our copies of MetaTrader 4 to make the same trades through the FX Rogue software.
Alas, it is not all good news, though, as Mr. Mitchell occasionally has some bad days as well. As part of my FX Rogue review, I wanted to show you one trade where I would have suffered a slight loss. See below:
I think it is important to keep in mind that, while Mr. Mitchell is an experienced fx trader, he may still make mistakes. One comfort is that you are simply copying every trade he makes, so he will not be making decisions lightly. Since his money is on the line also, each trade is carefully calculated, and overall I would have made well more over the course of my FX Rogue review than the small loss I had in this instance.
The point I am trying to make is that you should always be cautious because not every trade is guaranteed to bring in huge profits. Just stay calm, follow the plan outlined by Mr. Mitchell in his eBook that comes with the software, and do not risk all your money and you should do quite well, I think.
So Let’s Breakdown the Good and Bad Points…
FX Rogue Review on The Bad Points:
- FX Rogue is a piece of software, not a Forex course, so you will not necessarily become better at Forex trading personally.
- FX Rogue requires your computer to be ON and the MetaTrader 4 software running in order to work properly. (You can get around this using a VPS service if you cannot leave your computer on all the time.) Worst case scenario, you might miss the occasional trade when your computer is off.
- Setting up FX Rogue to work inside MetaTrader 4 can take a few minutes to complete.
FX Rogue Review on the Good Points:
- FX Rogue allows you to manually or automatically copy all the trades made by Mr. Mitchell. It’s like having a Forex professional clicking for you.
- Since you are copying Mr. Mitchell’s personal trades exactly, you can be sure he takes the time to make sure he is making the best trading decisions possible.
- I have had no problems using the software on my computer. It worked flawlessly from the beginning.
- You control how much you want to risk, and Mr. Mitchell also factors risk into his trades so that you have an extra cushion of protection. (Please be responsible, though, and never invest more than you are comfortable with, as a general rule.)
- Mr. Mitchell and his assistants are eager to help, and have great support if you encounter any problems.
- FX Rogue comes with a full, no questions asked Money Back Guarantee. Not only does Mr. Mitchell guarantee the product, but your purchase money is held by Keynetics Incorporated’s payment processing subsidiary for 60 days for your added protection.
My FX Rogue Review Conclusions…
As part of my FX Rogue review, I spent several weeks looking over Mr. Mitchell’s product and testing it with a demo account. Overall, I had very good results. Whether or not this will be the case for you, I cannot guarantee nor predict. My best advice is to take advantage of the 60 Day Money Back Guarantee and give it a whirl with a demo account. I had great results and think I will probably dive in and give it a try with real money, but that is ultimately a personal decision. So, if you want to copy a Forex expert, give it a try for 60 days with a demo account, and if you do not think it will work for you, simply request a refund.
I hope you found my FX Rogue review helpful, and please do not hesitate to contact me with any questions.