Honest Forex Reviews

Million Dollar Pips

Average Pips per Week:	124 (Gross Pips: 3462.2)
Average Equity per Week:	16.3% (Gross Equity: 6 760.98%)
Maximum Equity used:	1.34% (2011 September 6, 08:04)
Test started:	05-05-2011 (Running 28 weeks)

 

 

History of Test Account

 

Trading In The Buff Price Action Forex Course

 

 

I purchased Trading in the Buff about 4 weeks ago and at that time i can honestly say that my trading has improved 100%. I too was tired of using many techinical indicators and countless strategies that depended on technical indicators to interpret where the market is going and in many cases these indicators sent me in the wrong direction. I was interested in price action trading. Many traders use the term loosely in that they say they are trading price action, but I really don't think they know what it really is and how to read it. They say they do as you look at their charts and they have numerous EMA's, MACD, Stochs, CCI, and fibonancci retracement and expansion levels all over the place. How can they even see what the price is doing behind a myriad of indicators? So, I stripped my charts bare naked and turned my candles into bars and went through the PDF file which was informative and the awesome videos that followed each chapter.

I have taken 20 trades thus far and have had one loss! I trade off the 15M chart and I look at the 1H chart for confluence in set ups to match what is going on with the 15M chart. I have never experienced such accuracy in my trading in almost 4 years. It feels great being on the right side of the market for once and I am more confident trading now with this true support and resistance price action method. I sometimes keep thinking I have to complicate this more if it is going to work (old way of trading with indicators mind set), and yet I do not have to. Keep it simple and let the trade set ups come to you. There are many set ups on the 15M chart on all the pairs. Pick the ones you like the most and go for it. I keep thinking this is just beginner's luck, but 20 trades says it is not. The strategy works and makes lots of pips. It is not a mechanical system by any means. You do have to follow the rules, but you also have to use your mind and analyse. After a while it becomes intuitive and you just know the behavior of the price action. Amazing!

 

 

 

 

Forex Rebellion

 

I got this system a while back and I put it aside for a while thinking it was not very effective, yet after trying tons of other systems in between then and now, I see that Forex Rebellion is a great system that makes sense and works. Although Russ (creator of system) should tell you to check multiple 1 time frame above and below the time frame you are trading. And to also use support and resistance, such as pivot points or Barry support and resistance indicator.

With these two simple modifications the system will drastically increase your win rates, but more than that it, it will make you trust the system to a much greater degree. I give this system 4 stars because it is a full trading strategy that makes sense and has a strong core foundation of QQE and moving averages.

If you use this system you have to check 1 tame frame above and below the one you are trading, and use a support and resistance indicator (Barry) so you know what is happening in the market.

 

 

Rover North Forex System

 

Very simple system with good EA that has you confirm weather or not you want to get in a trade when it signals you. It would be nice if they would give you some more information on what to look for when making the decision to take a trade or not. I imagine more experienced traders would know....

There are some cool things about the Trade Assistant EA that they don't mention in the sales page. You can set a default TP and SL, or it will set a trailing stop that you can define. I think the best thing is their "Profit Grid" management. This will place a stop loss that locks in some profit. Then it will add to the position if it keeps going your way while moving the stop accordingly. This allows you to walk away from the trade after the first stop is set knowing that even if the trade goes against you, you won't lose anything. I did a couple of trades with this today that went against me, but I still gained three pips on each.

They have already posted an update to the EA, which timestamps the signals and allows you to use other indicators on the chart with it, among other things. I think this one could be profitable once you get the hang of it. I will update after I've used it a while.

 

London Forex Rush System

Based on the 'Big Ben' system which signals a trade if an existing trend before the Asian session is constricted during Tokyo trading hours. The idea is that it may then breakout on the London open. It only works with GBP pairs and, in my experience, only two of them.

This is basically a good system but the trend indicator is flawed. For example, it may be obvious visually that a trend is in existance but the indicator won't show it for another five hours - so you miss a trade.

I would recommend it but you need to use your own common sense rather than follow the signals blindly. Particularly with pairs like the GBP/AUD that have a large spread. Just trade the GBP/USD and the GBP/JYP.

Gives an average of two trades a week like this - it's not a scam, just imperfect. I've only known one week with no trades at all. The success rate is high so the profits are there.

 

 

Fores Mentor Pro!

Outstanding education and big value for money.
Experienced traders Marc, Dean and Pierre go out of their way to explain their forex systems in detail, encourage and help you to learn how to analyse charts and trade successfully.
The online tutorials, tools and video examples have in less than a year taken my trading from "unconscious incompetence" to understanding what currency trading actually is and how to avoid the pitfalls a newbie inevitable will encounter.
I am now making money in forex trading and will definitely continue my membership of Forex Mentor Pro to take my trading to the next level.
The Forum offers real time tips, tricks and discussion amongst the members - no smart "trade room" chat, but fellow traders on all levels exchanging information, asking questions and genuinely helping out. And socially it’s quite hilarious at times ;-)

 

 

Fx Child's Play System

If you google fx child play you will see the system get very good reviews.also when you look at the %number of people that claims their money back guarantee the figure you get is 0.25% that is 1/4 of a percent.I myself have bought this system and so far i'm pretty happy.
i've entered 4 trades thus far and all winners,ofcourse that means very little but when you look at what other people have to say about this system you will find that they all agree on one thing.
fx child play system accuracy rate is very high.

 

 

Bird Watching In Lion Country 2010 - Forex Trading Explained

 

A must read! An honest guy who trades himself telling you the realities of forex trading. Overall a great e-book with some valuable information for all traders. First & foremost trading is a serious business. All businesses have a business plan. "If you fail to plan, you plan to fail". The most important information this e-book can teach you is patience & discipline which is your lifeline to survival over the long-term. The key principles I got from this book is to trade with very low leverage, multiple entries & to take money off the table when its available depending on what time frame you are trading. Personally I do not use stop-losses (not recommended if leveraging more than 3:1 of your account value on anyone trade). The market makers are always hunting stops. I do however stop myself out in accordance to my pre-defined plan.

 

 

Forex Profit farm - Day Trading Explained

 

This system is extremely simplistic. I went as far as writing to Rahul and telling him that this is trading 101, it is one of the basic system styles covered in most trading books, and is the kind of system that is given away for free on many blogs and web sites.
That said it is certainly capable of being very profitable. As is any short term moving average system. You just have to use it at the right time. And there lies the problem.
Moving average day trading systems require lots of time, waiting for set ups and monitoring on going trades. They also produce a lot of false signals during flat periods and any time there is a lot of chop in the market.
Rahul has done a good job of choosing qualifying indicators, and recomending further candlestick studies. His book on Forex candlesticks is also good and a great accompanyment to this system, and very inexpensive if you buy either of his systems. But this doesnt automaticaly filter out the problems. It takes a fair degree of discretion and some additional support resistance studies to avoid entering into low potential, low probability trades.
What I really disliked about this course was how many times he tried to impress upon me what I thought about his system. He was constantly trying to tell me what I now thought about his system. I found this very insulting.
Overall though, I have to say this is not a bad system. I have made decent profits with it, but I have combined it with other indicators and methods, such as a set of BBands, (which is simply how I always set it up before this course), and my own support resistance trend line studies.

 

 

L.M.T. Forex Formula

Have purchased all the LMT products as this makes a complete package for trading in all conditions, I have read many books, articals and puchased countless methods / systems including EA's and absolutley nothing comes close to what these guys are offering. Dean & Marc are the complete package, maybe the LMT system is close to other systems but what you do get that is never offered with other systems is complete advise, that in my opinion is priceless. those people who say that that they might as well flip a coin have not read the manual properly or absorbed the contents of the videos that come with the package. LMT is a trending system ( 4 moths of the year) it says in the manual don't take trades into support or resistance, descretion is required always, look at what the charts are showing you and also understand some of the basic candle patterns, with this system you can win. The site also offers a mentoring group ( at a small cost) it comes with tutorials videos and a blog that is updated daily all PRICELESS!!! when the markets are not trending other trading methods are offered.