jpadventure - Hi you will need to contact Josh re costs, what I will say, I found it extremely good value for money, Josh stayed with me for a full 5 days and I certainly knew a lot more when he left than when he arrived, the truth be known though when he arrived I knew absolutely nothing. I am learning and there is always something new to learn, that seems especially true with forex.
ecafyelims - Hi I wont say too much about ZEN trading because Eric has said all there really is to say about it, what I will say is ZEN trading is a learning tool, please don't mistake the word ZEN as some kind of mind body & soul trading system, it is purely a name for a learning tool, although you could trade this way if you wanted to, but it is not the most profitable way.
The training I did with Josh is called Counter Trend trading and this is one system he teaches. I specified to Josh before I paid for the training, that I am a complete beginner and he would need to be very patient with me because it has been a long long time since I was at school and I have never traded or really understood forex. I needn't have worried I soon learned this system is simplicity in itself. Another advantage of this system is you do not need to be stuck at your computer all day, you check once maybe twice a day to see if a trade is there, if not, check the day after to see if a trade is there and so on, if you like being at your computer I suppose you could ZEN trade daily while waiting for a counter trend trade. The specific trade you are looking for does not come along daily, although the more pairs you trade obviously the more often you will see it. Once you know what you are looking for it is very easy to spot a potential trade. The system uses pivot points, support and resistance. On the charts there are 2 criteria you are looking for, both of these criteria have to be met before a counter trend trade is deemed legitimate. Once you have a legitmate trade, it is placed in such a way that it is extremely profitable although I will say it can take a while, days, sometimes even weeks for the trade to play out, trades have played out the following day although that was very rare.
There are a couple of things that could be improved with the training. One was, as I have said I am completely new to this and I learned to recognise a trade when it was there and place the trades on the chart but then how do I transpose that information to actual orders. I realise to most people forex trading doing just that is probably second nature and easy but when you are new it is still something that needs to be learned. Josh did go through it on the last day but I feel it should have been introduced sooner in the training so I could have practiced placing orders throughout the time he was with me. I did mention this to him and he is planning to introduce it earlier in the training.
The second thing that I think could be improved is recovery. The trades as I have said are extremely profitable, but once in a while, not very often I admit, a trade does go against you and you need to recover. We did work on recovery but in my opinion more emphasis needs to be placed on this. Again I have spoke to Josh about this and he is going to incorporate recovery more in his training.
Once Josh has left you are not on your own, he is always available for support. I email Josh, at his request to verify trades and he emails me to check if I have spotted potential trades. It is good to know he is looking out for you and that you are not left to your own devices.
Going forward I will open a micro account and post my results, please be patient, the trades are not there daily and can take a long time to play out.
A quick summary. ZEN trading is a practice tool. The counter trend trade system is excellent, simple, easy to spot trades and extremely profitable. The training needs a little tweaking. Support is brilliant.
Please feel free to ask me any questions and I will try to answer them, please dont ask me anything too technical, I am new to this. If you have any in-depth technical questions or any questions relating to costs please email Josh at
joshua.hauck@gmail.com
Thank you. Neil
