Forex Trading Made E-Z comprises an e-book and 12 videos and is a step by step guide to a successful but unusual system of trading on the foreign exchange currency markets developed by a retired American airline pilot named George C Smith.
This is an electronic product which can be downloaded immediately after you have placed your order securely online with Clickbank. Access to the videos is via links strategically placed within the e-book. I say strategically placed, because the e-book explains in detail the step by step system used by George and each step is supplemented by a video tutorial making it very easy to understand. In addition, you will have access to over 40 further videos of live trading sessions to help you further understand the process.
The e-book at 84 pages may sound a little overwhelming but most of it is taken up with the charts essential to George's system. He describes the success of his system as similar to the 'flight plan' needed to fly an airplane from point A to point B. Once you've learned how to follow the flight plan, it still takes a disciplined approach to make it work. That's why pilots follow check lists -- so they don't forget anything!
The combination of e-book and video is a great way to learn this system. You not only learn from the e-book which describes each step in detail, the video also shows you the live action - as though you were standing over George's shoulder while he does it.
This is not a get rich overnight system. It aims to increase the size of your trading bank by 5% each day of trading. That may not sound very exciting but when you consider the cumulative effect on even a modest bank of say $500, George shows how an average gain of 5% per day will double the size of the bank to $1,000 in just 14 days. He then goes on to show you how you can earn that extra $500 per day on average once you have mastered his system. Don't let me mislead you here, I say on average, because you will not hit the sweet spot every day - there will be days when your trade will lose which helps to maintain a healthy attitude to the real risks which without George's steady and disciplined system would surely take you down a typical gamblers losing path.
This system is not just for beginners, although the more experienced traders may skip through the early stages, there is something in the unusual nature of this system which even experienced traders can gain significant advantage from.
One of the things I particularly like about this product is that it concentrates on explaining how a complete beginner can make money at forex trading in the shortest and simplest way without all the hype and fluff I have seen in more expensive products of this type on the market. It doesn't attempt to explain the detail and complexity of the foreign exchange markets and the pros and cons of trading in different currency pairs. There is a link in the introductory section which takes you to a free e-book you can download if you want to know about that stuff.
A word of warning. This product is not a magic wand. You have the right mindset to be keen to learn and understand charts, patterns, trends and monetary statistics. If you are a complete beginner then you must follow the e-book and video tutorials and learn each step from the beginning and not become frustrated and jump the gun and try to trade too soon. You could do all this over a dedicated weekend and be ready to start trading when the markets open on Sunday night. My advise would be to paper trade for a while using a demo trading account before using real money just to make sure you are applying all the techniques of the system correctly.
Finally, there is support from George personally if you run into problems along the way and be sure to sign up to the notifications update list when prompted during the ordering process to have access to support and to receive updates with new ideas, explanations and even links to new videos as they are issued from time to time.
In summary, a great product and the combination of e-book and videos makes this an ideal way for a beginner to get started in a complex trading market. Also presents some unusual and interesting ideas for the more experienced trader.
Highly recommended. Click Here!
Tuesday, June 23, 2009
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