As you may or may not know, one of the biggest vendors of forex systems, Plimus, has recently said it will no longer allow merchants to sell forex systems through their site.  Plimus was the primary competition to Clickbank when it came to marketing foreign exchange “robots”, indicators, and systems.  Plimus carved out a niche in the industry by allowing EA creator’s to freely price their products, whereas Clickbank has a $150 price ceiling.  While some systems certainly warrant a higher price tag, some most definitely do not (anybody remember the “Forex Robot World Cup” disaster?).

After taking a considerable, and regrettable break from maintaining Forex Tool Shop we are back and on a mission to help clean up the image of retail forex trading by giving honest reviews, exposing inferior products, and giving new traders the tools and education they need to invest wisely. I wanted to write this blog to give you a summary of what is to come, what we've been working on, and what our mission is. We also want to hear your feedback all along the way so we can continue to be a strong ally of retail traders. 

We'll spare you the painstaking details of why we went AWOL to begin with. I'll simply say that we are now down to just Pat and myself (Kevin), and we have the same ideas about the purpose of this site. Lets begin with what we've been working on outside of Forex Tool Shop. Pat and myself teamed up with a reputable and objective broker review site (www.stockbrokers.com) to help them expand their base of broker reviews to include retail forex brokers. We spent (and are still spending) hundreds of hours testing, reviewing, and contacting forex brokers to build the most comprehensive and objective review available. The first annual forex broker review has been published. You can read the full review here. http://www.stockbrokers.com/2011-forex-review.html  

In an attempt to add additional education to our site, we've developed a training tool that our members can download for free.  The tool is an Expert Advisor that also acts as an indicator.  In the inputs,  the user can specify if they'd like to be alerted when one of the following happens; MACD crosses up or down, Stochastic crosses up or down, Moving Average (user defined) crosses up or down.  In this scenario, the users will be alerted with a pop up on their screen.

Additionally, the user has the option to let the product execute trades on the above scenario, take a look at the below screen shot: