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We are Giving away 20% Discount Coupon this July the 4th. Happy Independence Day everyone.
- Code FPA-20-4thofJuly
- Expires Jul 4, 2019
Other websites of this company include itradeaims.com
We are Giving away 20% Discount Coupon this July the 4th. Happy Independence Day everyone.
25% OFF PREMIUM MEMBERSHIP Regular $497.00 Single Payment SAVE: $124.25
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Service use: Live
Length of use: over 1 Year
Service use: Live
Length of use: 0-3 Months
Length of use: 3-6 Months
Early days for me, so I won't give a * rating yet, but:
The Bad:
System is nowhere near as simple as they make out. Yes, it is a pretty much black-or-white call with little discretion. But you need to already have a pretty substantial background & be willing to make a time commitment. The manual is thorough, and he covers such important but little discussed topics as money management, which most others conveniently ignore, or even suggest trading habits I'd consider very dangerous. Still, if you don't know what a pending order is, or how to place one, you will be blown away by this. That isn't an impediment to somebody who's been around for years sampling all the crap that's out there, but you may have trouble with this if you're an absolute forex newbie. Spend some time over on babypips. It can be difficult even for an experienced person to get those pending orders in to the market before price moves and triggers them. So execution on the strategy can be difficult. If there's the briefest hesitation, forget it.
The good:
You get a great deal for your money. The standard membership is reasonably priced, the training manual is substantial, the software package is well put together with nice easy to use templates. Somebody familiar with metatrader can have it installed & running with the author's standard charts in maybe 5 minutes.
This is very rapid hit & run trading off 1 minute charts. You make fairly extensive use of money/leverage, but there aren't substantial periods of heavy drawdown with this. A trade either connects, or you take a modest loss & move on. You don't have the cancer eating at your psyche of a 30% account drawdown, being left praying to god almighty to just get you out of this one trade, just this time, whole. You leave the trading day by rollover with a clean desk.
The verdict (preliminary):
Trading a moderate account, with very modest risk settings, and without pyramiding trades like he suggests (I was using a real-money account, therefore a bit cautious), I was able to recoup the course costs about 4X over within a couple hours in the european session. If this bears out over time, it may indeed be possible to earn a living from forex with this. It looks very good, but it's early days, so I'll return in a few months to give it a formal * rating.