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Forex School Online with Johnathon Fox

Discussion in 'Has anyone heard of?' started by FXGal, Feb 3, 2012.

  1. FXGal

    FXGal Recruit

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    Hello FPA members,

    Thanks,

    FXGal
     
    #1 FXGal, Feb 3, 2012
    Last edited: Jul 13, 2013
  2. catpip

    catpip Recruit

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    Hi there

    Yes I have recently joined the team at Forex school with Johnathon, I have worked my way through the education course, the members articles and etc. there is some real good info there, and I am about to go through it all a second time to help me take it all on board, it is written in such a manner that it is easy to understand, i have quick responses to forum posts and emails, this is not for the scalper or high frequency trader. It seem to be for the longer time frames such as 4 hour and daily, they trade only the high quality set-ups that don't seem to happen every day. good value for money still requires some work for the trader to do their own analysis, the forum is high quality where the seniors post a lot. ( the forum is a good educational read in its self).
     
  3. bhops

    bhops Recruit

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    First things first, in the interests of disclosure Johnathon has asked me if I would be kind enough to provide a testimony/review of his course to the good people of Forex Peace Army.

    He does value the credibility that this site provides for aspiring Forex educators so unlike some other PA teachers that have reviews here, I just wanted to upfront about his request so I can’t be accused of any ‘funny business.’

    Now as to the course, it is for me a breath of fresh air. Again in the interests of disclosure I have purchased courses in the past by Hector Trader and Nial Fuller. They were both in their own ways useful in providing a good grounding into Price Action. However where Johnathon’s course is unique is that he goes into some depth regarding trade management, stop setting, profit taking and trading psychology.

    As he often says himself Price Action is nothing new and he is not trying to reinvent the wheel.

    Just like a great chef will take a classic dish and give it their own interpretation so Jonathon has taken the time honoured concepts of playing Price Action with Support and Resistance and given it his own unique (and highly profitable) twist.

    The course is great in that it takes newcomers right though the basics of Price Action, plotting S&R zones etc in one concise PDF.
    It also then moves on to some of his more advanced strategies that you won’t find floating around the net that will be enlightening I’m sure to even seasoned traders.

    As mentioned before the course also looks at trade management, trading psychology and profit taking and stop setting. These are areas of trading that a lot of Price Action courses frankly avoid like the plague as it often goes into the ‘too hard’ basket and takes the sexiness out of merely spotting a ‘killer set-up.’ It’s all very well spotting a killer set-up but how do you ensure you maximise its potential? Johnathon tackles this issue head-on and also offers ongoing support (along with the other senior traders) in the forum.

    The forum is excellent, worth the price of the course alone in my humble opinion and a great place to learn from other traders who are looking to trade the same way.

    Johnathon will also post up trade ideas and feedback there regularly and often makes ‘live’ calls in the forum. I must absolutely stress that this IS NOT a signal service, Johnathon is passionate about teaching people to fish for themselves, but at the same time it does give me a great deal of confidence to know that the trader who is mentoring me really is ‘walking the walk’ which again you don’t always see from Forex educators.

    Just a few quickies: Most trades occur on either the dailies or the 4 hour charts. Patience and waiting for the only the very best set-ups is certainly emphasised, so anyone looking to trade each and every day may not suit this course.

    Whilst Johnathon emphasises the importance of goal setting and thinking big, at the same time he also stresses the need to be realistic about your trading, so in other words don’t expect to become a millionaire overnight.

    No indicators at all are required to use the methods taught in the course. So if you love your indicators and squiggly lines, again this course may not be for you!

    If you do like the idea of patiently waiting for A++ set-ups with high probability outcomes, fancy looking at clean charts and trading with a minimum of stress then I can’t recommend this course highly enough.

    Bryce Wilson,

    Auckland,

    New Zealand.
     
    #3 bhops, Mar 9, 2012
    Last edited: Mar 10, 2012
  4. banny

    banny Recruit

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    I joined about 6 months ago and have found it excellent. I've been through the mill trading Forex, lost money, tried all kinds of indicators until I finally saw the light and decided to concentrate on price action. I only use support and resistance - horizontal and trend lines - and no other indicators at all.

    Johnathon Fox, who runs FSO, concentrates on price action (no indicators) and support and resistance. The course material is great and the website has some good videos and articles. The forum is good as well and has just the right amount of interaction from the other members and coaches.

    Once the information sunk in my trading improved substantially to the level where I am now making money. I'm not stressed anymore whilst trading and not lying awake in bed worried about my trades. I now have the confidence to take good trades with proper risk management and find it easier to accept losses as part of the business.

    Trading is geared to daily and 4H time frames but he does some lessons on 60m time frames as well. This sometimes requires patience as you need to wait for price to come to your support/resistance zone and then produce an appropriate signal. The benefits of this way is that you're not glued to the screens all day and you can actually live your life - this is the reason most people take up trading for anyway!

    Johnathon seems to be one of the good guys and honestly has the best interests of his members at heart.

    Good luck.
     
  5. Gangnam Horse

    Gangnam Horse Recruit

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    I have also joined beginning 2012 and it took awhile before I was convinced 'indicators' was not the way forward. Revolutionary concept of raw chart and the idea of "less is more". There was nothing to lose for the little expense I was forking out and my main concern was not to be led down another money making idea and having to waste precious time and effort. For those still with some concerns understandably, have a look at the thread in babypips started by Johnathon. Go through his post and judge for yourself. That is what I did.

    My trading has done a backflip and consistency was the most important change to my erratic results of the past. And I was being kind about my analysis of profitability. :)

    I went through the experiences (years) no doubt like most novice traders and it is different from now on. My trading results is my only proof to myself.
     
  6. docotor

    docotor Recruit

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    I also joined few days ago. So far I can say I expected little bit more from his cource. Maybe I miss something but reading the james16 Chart Thread @ Forex Factory provided me little bit more insight then cource of Johnathan Fox. I will update here my future impressions from his cource, but for now I can recommend for everybody to read price action from james16 at forex factory and you'll get if not the same info, it will be very close.
     
  7. fxtbish

    fxtbish Recruit

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    Hi Docotor.
    How are you getting on with the course? Has it got any better? Im still doing my due diligence.....

     
  8. Dannyq

    Dannyq Recruit

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    Hello Doctor,

    can I ask how you are getting on now?

    Did you fully commit to this course or more just sign up to see? I can see you have purchased robots and other products etc and are now talking about james16 so am just wondering if you took it 100% seriously and followed all instructions that they give to members?

    I am looking to sign up very soon and would like to know how you go and the mindset you took into the course...
     
  9. happyfaces

    happyfaces Recruit

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    I’ve been a long time member of FSO. I will be giving you my thoughts on what I think.

    Johnathon is actually a good mentor. He does help newbies with all sorts of questions. The trading principles he teaches are sound, but that is because everything he teaches you can find from the james16 thread over at forexfactory.com, which is for free. He just put what he learned from that thread into a concise summary and charge you almost $300 for it.

    And now the usual question: why teach when you can trade? Some people may argue they like to teach others, and have the free time to do so. If they can earn a little money on the side then why not, right? That’s what I thought too. But after being a member for around a year, it is obvious that he is not a profitable trader and he earns his main income from operating FSO. In a bit over a year he has made over $150,000 just from membership fees. Not a bad yearly income. He is a good marketer over at babypips. He probably copied the idea from Nial Fuller. Johnathon’s site’s content and format is very similar to Nial’s. I don’t like randomly stating things like these so I will provide some facts for you to consider.

    On the forum, there is a thread just for senior members to post their live trades. In this thread, Johnathon rarely posts the trades he takes, and when he does, he sometimes cleverly post and describe the trade setup without explicitly saying he is entering it. When the trade doesn’t work out, nothing happens, because he’ll just say he never said he entered it. If it works out, he then reveals that he has moved to breakeven, took some profits, etc. Just go his most recent post there and all will be revealed. The same tactic is employed by his senior member Bryce (bhops here, and he is probably part owner of FSO judging by his praises. Again, he has not verifiable track record). He posted a live trade and got stopped out, then disappeared from the forum for days only to come back and say he entered and won another trade soon after. Funny… may as well say he won 3 more trades while he was gone. Oh wait, too obvious. The FSO method only provides few (if anything) trades a month. This is perfect for them to scam you. By providing you with a discretionary method that will maybe give you 15-20 trades a year. Only after around 20 trades can you really tell if the method provides an edge or not. But this will likely be a year later. He’ll just tell you since it’s a discretionary method, you have most likely been making mistakes along the way. Anyway, he never reveals all the trades he’s in, claiming that he doesn’t want other people to blindly copy his trades. This way it is hard for anyone to verify his results and we are left wondering if he is really a good trader. He claims to have years and years of trading experience but has nothing to prove it. Good mentor perhaps, but trader? Highly doubtful.

    Johnathon used to run a small fund of over $30k contributed by members and himself. He gave this fund months and he’s the sole trader of the fund. It’s been in deep drawdown ever since the beginning, then he starts making up stories of his family (son, father) being sick and having to take time off, etc, etc, always the same story. It seems like he always have personal issues he has to attend to. This has been ongoing ever since the beginning. This meant he can take time off his personal trading and trading for the fund. Good for him, delay his public trading performances even further, while putting more effort into attracting more members to join him. Now, all of a sudden, he cancels the fund and stops trading it: a dead giveaway of his trading ability.

    So why am I saying all this? I just want to be honest and let others know before committing. Granted, the membership fee is not a lot of money, but to some it may be. In summary, Johnathon is NOT a professional trader. He is merely a good mentor. You can learn how price action works and how to trade it, but you are left on your own to make the strategy profitable.

    For your information, I am now a consistently profitable trader after taking what I’ve learned from FSO and being creative on my own. Consider the cheap membership if you want a mentor but don’t put full faith into what he teaches, as he is not profitable himself. Don’t be fooled.

    The majority of his members will probably disagree with me. But it is a sad fact none of them is profitable for 3 months in a row on a live account.
     
  10. GlennR

    GlennR Private

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    Everybody has such good things to say about the program, but unfortunately nobody has a post count here that is over 4....


    It doesn't give much credibility.
     

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