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In this Forex Confidante review, we take a close look at the forex trading system developed by professional forex trader Tom Strigano which is on sale through the online retailer Clickbank.
What You Get
Forex Confidante is a specific trading system that you apply yourself through your broker account. It does not rely on robots and you don’t need to invest in any robot to set this up. You can test it out on a demo account before you start trading for real, which we would always recommend anyway with any system, however successful.
The system is available for instant download. Just be sure not to close your web browser after payment and you will reach a page where you can download the ebook which describes the system.
You can upgrade to get the Forex Confidante videos which give you a very clear introduction to the system. We recommend that you have a quick read through the ebook and then get the videos if you think you need them. Beginners will almost certainly want to see the system in action. The videos are easier for getting a grip on the basic system but the ebook goes deeper into the techniques.
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This Forex Trading Made E-Z review will examine the system for trading on the foreign exchange currency markets developed by George C Smith. When you order Forex Trading Made E-Z you get an ebook and 12 training videos setting out the system in step by step form.
The basic structure is that you have the ebook which you can download instantly when you place your order (any time of the day or night). Inside the ebook you have the links to each video at the point where you need it. So you will see a written explanation of a chart or a technique, and there will be a link right there to a video that you can access on the internet showing you the actual action.
Strengths
The ebook is 84 pages but there are plenty of charts so there is not a huge ton of text to read and remember. This is basically one system and George Smith tells you how he trades using candlestick charts and latitude lines with the aim of increasing his bank by 5% each day.
5% each day may not sound much until you do the math. It comes out to mean that if you had no losing days, you would double your money every 17 days. In 90 days you could grow $100 to over $7,300. Of course losing days are a fact of life and if you don’t accept that you will be tempted to take stupid risks, so it is better not to expect anything like that speed of growth. George Smith’s point here really is that you should not be trying to make more than 5% a day.
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One of the most important things you can learn in any forex trading education is how to keep to your chosen system or systems in a consistent way.
Hopping from one thing to another will kill any chance you have of making profits, but we are all tempted from time to time. If you find it hard to keep to one trading system, here are some techniques that may help you to learn to be consistent.
- Consider carefully before you decide to follow any system. One successful businessman has said that the secret of his success was thorough research before a decision, and then sticking to it like iron. You need to be sure that your system is profitable … not necessarily the very best. And you need to be comfortable with all the actions that it will require you to take, whether things are going well or badly.
- If you have problems with self discipline in other areas of your life, use those to train yourself in the skill before you start live trading. Do not pick the thing that you have most trouble with, but something that you could fairly easily master. It might be getting up at the same time every day.
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Forex real time news trading is a way of making money on the forex market from international events and upcoming current affairs stories. Predicting the way that these events will go and their effect on the currency markets can appear to be very profitable, at least in theory. The problem is that in practice things do not often go the way that you might expect.
The truth is that when it comes to financial news, the major international banks pretty much always make sure that they are the first to hear. When an expected report is released they will have people right there. The trade-from-home little guy, on the other hand, has to wait a few crucial minutes for the report to appear on the TV news or the internet. Even seconds can make a difference.
At times like this the markets will change so swiftly that you cannot really hope to jump in and make money. The banks will dominate the markets and although you may sometimes be lucky, you could easily be wiped out if the news goes against you.
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