Discuss ForexIncomeEngine.com (Bill Poulos)

[Administrator]

Click here to read or submit reviews and ratings for ForexIncomeEngine.com (Bill Poulos) >>

otherwise use this thread ("Post Reply" button below) to start a LIVE discussion and get responses from our FPA members.

 

[rey21]

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

 

[Vladimir Vladimirovich]

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.

There is some Money Back period guarantee, not?

 

[Oyster55]

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
============================================

 

[RomanT]

Forex Profit Engine - Money Back

Who Knows what is exact Money Back procedure? Where to send back the package ?

 

[Stephen M Dodd]

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.