Magic Forex Intuition

Magic Forex Intuition training software is designed to develop intuition to work at Forex. Everyday training will help you to correctly determine the correct currency exchange rate trend. The software offers the user to guess further price movement.

Pros: This application is a training software for Forex traders. One of the basic skills required in such training is the ability to predict the movement of a particular currency depending on the history. Detecting a up/downward trend and being able to decide buy/sell is the key to generate profit out of the exchange rate fluctuations. To develop this mental reflex, one could practice predicting the trend from scenarios presented by the software. Regular training will help you to correctly determine the currency exchange rate trend. As one practices this prediction the success rate would improve and over a month or two of practice a user can expect to achieve a 80% to 90% success rate.

The software offers the user to guess further up or down price movement from the starting line or the closing price of the previous bar. When the rate goes over the starting line by predefined points, it is a trend. One could define this to be 50 points, for example. Previous answer is no indicator to the next answer presented by the package as it uses completely random scenarios. You could set a currency pair such as EURO-USD and the number of points of change that’ll indicate a trend. You can choose between 23 currency pairs. The chart indicating historical changes can be in the form of bar chart, candlestick chart or a line chart. The chart can be scaled and color scheme customized to one’s taste. Depending on the mouse moving to the lower part of the chart or the upper a suitable arrow symbol pointing to up/down appears. Clicking on one is the way to answer. The package immediately responds to the guess by sounding an alarm if the guess is wrong. In either right/wrong answer actual movement is shown. A display area records the results.

Cons: Unless the predictions algorithm has been derived from a really large amount of data it may not lead to a correction intuition or subconscious trend spotting would not be developed correctly.

Overall: The operation is really easy, nice charts and looks like it should be effective. This one is good for a 4 star rating.

Magic Forex Intuition training software is designed to develop intuition to work at Forex (foreign exchange market). Everyday training will help you to correctly determine the correct currency exchange rate trend. With time, as you will see, you will make more correct decisions than wrong ones. And their number will keep growing. After one or two months, the amount of correct answers can reach 80 to 90%.
True, different people show very different results. Some can perform much better than some others. Some people's result is 100% of correct decisions, something that can be achieved through systematic training. And such an effect is no rarity.
The fundamental thing is to have training sessions on a systematic basis. You will surely achieve your goal if you spend enough time training. Zero result is impossible.
How it works?
The software offers the user to guess further price movement (up or down) from the starting line (i.e. the closing price of the previous bar). The right trend is the one where the price goes over a certain number of points from the starting line (e.g. 50 points). One is to guess the right trend and it changes for each test - the software uses a random number generator.
Logic makes little sense in this situation - based on the probability theory one cannot produce 100% of correct answers. Therefore the right answer can be obtained intuitively.
The software allows the user to select a currency pair (symbol) and the number of points the chart has to go to determine the right trend (Take Profit and Stop Loss).
Software Features:
- Database of 27 currency pairs
- Ability to set different Take Profit and Stop Loss to determine correct/incorrect answers
- Chart can be displayed as a bar chart, candlestick chart or line chart
- Chart scaling
- Fully customizable chart color scheme
- Sound notification of wrong answers
- Multilingual user interface
- Displays successful vs. unsuccessful test statistics