Forex Backlash Review

Forex Backlash is a highly regarded system, even among its competitors. While you might think that is a bit strange, Forex Backlash is a unique twist to other forex trading books and forex day trading systems. Forex Backlash is based upon the Guppy/Gann method of finding forex trade signals, following the techniques of legendary trader W.D. Gann.

It is a purely mechanical system, and while many professional traders are unfamiliar with Gann Analysis, those that have begun implementing its tenets, usually find them to be a very powerful set of strategies.

At the core, Forex Backlash performs the Gann analysis internally, allowing the user (usually beginning forex day traders) to implement this advanced trading system with little experience entering the market.

While Forex Backlash includes trading rules for long-term, medium term, day and even intra-day forex trading, the system works best under the day trading system. For a casual user, this means simply spending a few minutes each day checking up on the trades, and a few minutes reviewing the stop-loss procedures set in the system.

Forex Backlash works with all major forex currencies and, and also includes a series of risk management procedures built into the system in the form of stop loss levels and position sizing, to limit risk, and maximize reward.

Furthermore, the exit strategies built into the program take the guess work out of when to leave a market, something that can often ruin new traders.

What Forex Backlash is not, is a set of forex trading tutorials. There is little teaching about the forex market, so those coming in knowing absolutely nothing might be a bit confused as to how the system works.

Personally, I’ve done a lot of reading on the forex market, and find those introductory chapters usually a lot of fluff, but if you don’t know the definition of a pip, then forex backlash is not the program to teach you, there are plenty of other free forex training resources available for that.

Finally, there is a bit of a learning curve to getting up to speed with Forex Backlash, it took me a few hours to understand the system and get it all setup, however those a bit less experienced have taken a few days to get the system up an running.

That being said, of all the forex trading books and systems I have tried, Forex Backlash has shown the most impressive results, factoring in the effort required to use it. Forex Backlash is a great tool to add to your forex-trading arsenal.

About Nigel Quil

Nigel Quil is the lead editor of PipPowertools. A professional Forex Trader for the past 3 years, Nigel has learned how to trade Forex the right way, through trial and error. In addition to writing and reviewing for PipPowerTools, Nigel has recently published his book, Executive Forex Strategies, and has a few more titles planned for future release. He currently lives with his wife and children in Lafayette, LA.