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ForexIncomeEngine.com (Bill Poulos)

Discussion in 'Forex Education Services' started by Administrator, Nov 2, 2009.

  1. Administrator

    Administrator Just Administrator :-)

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  2. rey21

    rey21 Recruit

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    Get a chance to check out this system with friend

    The system is totally manunal. You must ID trade setups and manage your trade orders. Paul does not offer a free trial period, when you buy, you are in.

    Of the three trade setup techniques, the easiest to spot is "Overdrive".

    The Spring & ignition Techniques can be tricky to spot, especially Spring.

    All three have profit potential put are not 100%.

    The biggest factor for success is Market Action, these systems like all are not very successful when the market action is Eratic (Large wipes one the candle bars).

    Bill talks about trading when price action is "Deliberate". This can be the hardest thing to determine and the market may become eratic after being deliberate. The course does offer suggested Trading hours.

    Hope this helps
     
  3. Vladimir Vladimirovich

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    There is some Money Back period guarantee, not?
     
  4. Oyster55

    Oyster55 Recruit

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    Forex Income Engine 2.0 (FIE) Review (it's NOT for Beginners!)

    (Forgive me if this review is posted twice on this website)
    ----------------
    Hi, I purchased this on the 3 payment plan of about $760/mo.
    But that was only after I emailed the maker, Bill Poulos, where
    he verified a new inexperienced trader could use his system
    because there's a Forex beginner DVD video included in the course.

    After I received the course, and about 10 minutes into the
    Ignition method video I knew I was in trouble. To me, it's
    complete gibberish as he talks and explains using terms
    of a highly-experienced trader. Yes, you DO feel confident
    in his expertise, but I am completely lost with this.

    I wrote their support a few times for clarification of some terms
    (eg. I did not know that "bar" and "candle" are the same thing)
    So, the support is 3/5 stars and not 4/5 only because it takes
    more than 24 hours to get a reply.

    There is ALOT of detail going on in the examples, and I feel
    frustrated because I simply cannot follow what he's doing.
    Bill keeps saying "simple" and "easy" in the videos, but
    that makes me feel even more humbled.

    One main issue I have is that the videos are a fixed size and
    you cannot zoom in to (perhaps) get more detail. Everything
    is too tiny IMHO.

    Anyway, I personally have not done ANY trading on Forex.
    I have watched enough videos from others to get the jist of
    how MT4 works for example. I think I expected too much from
    the Beginners video - the level does not match what's needed
    for the actual course material.

    Quality-wise, it is a very professionally designed and packaged
    product. Nothing feels cheap here.

    Okay, so I asked for a refund at the 30 day mark (there's a
    60 day, at least, guarantee.) I was informed that part of the
    guarantee is that he needs to see proof that you traded with
    his system for 10 days consistent, Demo or Real, win or lose.
    However, since I cannot understand his material, I would have
    rely on the signals sent to his provided FIE 2.0 software.
    (which again is professional and high-quality). Only problem is
    I have been cut-off from the signals because of non-payment
    of my second $760 due at day 31. Now I'm stuck. I don't want
    to pay anymore because this is WAY over my readiness level
    and I'm pretty sure I won't be ready even in another 30 days.

    SO, bottom line of my review is make sure you ARE experienced
    at Forex trading, maybe 6 months-ish because this course is
    Mid to Advanced level in my opinion - definitely NOT for beginners.

    I am hoping Bill will come clean and just okay a refund because
    of the mis-step in my initial email. Else, I never would have
    bought this course.

    Oyster55
    Edmonton, Canada
    ============================================
     
  5. RomanT

    RomanT Recruit

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    Forex Profit Engine - Money Back

    Who Knows what is exact Money Back procedure? Where to send back the package ?
     
  6. Stephen M Dodd

    Stephen M Dodd Recruit

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    Stay away from Bill Poulos.

    The ProfitsRun program sounds good. And it is very easy to fall into believing in it. But after shelling out $2,000 I find that it is entirely proprietary education only using his own invented terminology and ideas. His invented terminology is sophomoric. No on else would know what you are talking about. While he does not claim his methods are perfect he flatly states no other system works at all. After working hard with his system you will not learn anything that would help you understand Forex as it is discussed anywhere else. His efforts are entirely technical and not standardized with the rest of the industry. Traditional Forex education involves understanding technical, fundamental, and sentiment market forces. He ignores market fundamentals and market sentiment as important considerations.

    He does provide signals. Some are good and some are not. Just enough to keep you going. He tries to cover risk by dividing orders into two parts and while it rarely works out as he suggests most trades end up limit bound between resistance and support and fail. So if one simply takes the signal and plays it he might make out to some degree. But why pay $2,000 for that.

    Further complains surround service. You won't get any. Upon asking questions one finds his system offers so little access that you might be able to submit one silly question and wait a coupe of days for an inadequate answer from an amateur assistant. In all cases my questions got suggestions to abandon the system being taught and just move on my own.

    When I tried to invoke the guarantee I was advised to try it longer and then ask for refund. I did that and have not heard a word back in a week. I have had to take it up with my credit card company as fraud. I have no response at all from them for anything now. They took my money and taught me strange systems and now are ignoring me. I am less than half way through the course and they dumped me.
     

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