Please research the Word of Faith movement! It has deceived literally hundreds of millions of people with a false gospel of name-it-and-claim-it. And it has caused untold damage and destruction!
The theology of WoF allows for the so-called prosperity [false] gospel to function! It's all about commanding God to actualize what you reach for by faith. I've even heard WoF preachers say God MUST obey you when you reach out whether it be for health or wealth or anything.
This dangerous and toxic theology has spread all around the world (especially in Africa), thanks to churches, organizations, and companies based here in America, and has caused devastation. We must oppose the WoF movement!
Note: Many in the charismatic movements, such as the pentecostal denominations, have members who follow the WoF. But not all do. I am a Reformed believer, but all Christians need to make sure that our theology is grounded in the truth of God's Word. We must constantly be on guard against false teachers and wolves who would lead astray our fellow brothers and sisters in Christ! The WoF movement teaches a twisted gospel of greed and materialism. Idolatry epitomized! The only ones who prosper are the preachers and leaders and television and media companies! The Christians who send their money to these charlatans do not prosper.
Here is an excellent 3-hour video that thoroughly documents the theology, practices, and abuses of this movement.