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FOREX System Reviews
Author: David J. Kosmider (info)
Website: http://eidoan.com/
Posted: March 7th, 2007 at 9:53 am EST
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The FOREX is very popular these days and the currency market does have several unique qualities that make it attractive for certain types of trading. For those of you who are interested in currency trading and who might be looking for a good FOREX trading system, I wanted to help you out by reviewing several of the packages that are available out there. To do this, I got onto ClickBank.com (What is ClickBank?) and reviewed several of the FOREX trading systems that are available on that site. Below you will find my reviews of each of these products and a summary at the bottom.
Review of: FOREX TRADING MACHINE
Forex Trading Machine (forex-trading-machine.com) is the most popular FOREX-related product on ClickBank and also the most popular product in the entire “Investment” subcategory of the ClickBank directory. The main webpage for this product is lengthy and contains a great deal of information, such as the basic concepts of the system, charts, and testimonials. The Forex Trading Machine actually contains several different strategies, called the Forex Cash Cow Strategy, the Forex Runner strategy, and the Flip & Go strategy, as well as a “limited time bonus” system, called “Trading Non-Farm Payroll Profitably”.
The Forex Trading Machine is delivered in the form of two separate PDF files that you can download after purchase. The main document is 184 pages long and contains all the information on the three main strategies mentioned above, the second file is 12 pages and contains the information about the bonus material.
In the main document, the first 100 pages or so contain explanation of how Forex trading works, the difference between Technical and Fundamental analysis and a variety of other “getting started” information. While more experienced traders will probably already know much of this information, I was impressed with how well written and easy to understand this section was, and (as I noticed throughout the product) it presents itself in a professional and realistic manor and does not try to use hype to promote unrealistic expectations in the reader. You will also noticed that the author’s general trading philosophy is very similar to what BigTrends promotes.
I cannot say any more about the Forex Trading Machine without revealing too much, but I found this to be a solid product and I would highly recommend this product for anyone interested in Forex trading.
Purchase the Forex Trading Machine Now >>
Review of: 241FOREX
The 241Forex system (241forex.com) is the most concise FOREX product that I looked at for this review, the main document of the product struggles to fill 20 pages; however do not mistake that for an insufficient product. This system is based on a specific formula that can be modified for several different types of traders.
After you purchase the 241Forex product, you are directed to a page that allows you to download two files. One is a PDF document that is 21 pages long and the other is a small spreadsheet (Excel) file.
While the other systems that I reviewed took more of a general approach to trading the FOREX market, the 241Forex strategy is a straight forward and specific set of rules that tell you exactly what to do, week after week. If you are looking for a complete, ready-to-go system, that you will be able to follow exactly, then go with this product.
Purchase the 241Forex System Now >>
Review of: INSTITUTIONAL FOREX SYSTEM
The Institutional Forex System (1forextrading.com) is the cleanest, most professional looking product of all the ones that I reviewed. The company that sells this product also offers you a subscription to a free FOREX newsletter after you sign up to help with your ongoing currency market education.
After you purchase the Institutional Forex System, you are able to download a zip file that contains 8 different PDF documents. Two of these are the main product. One is 60 pages long and the other is 42 pages long. These contain education, the system and real-life examples. Three of the PDF documents are bonuses, and pretty good ones at that. One of the bonus documents is a 203 complete guide to investing that covers pretty much everything you could think of, from options to bonds. Another one of the bonus items is private coaching. The author will answer any questions or help you with whatever you need via email and/or MSN messenger for 30 days after your purchase. The last bonus is information about their ClickBank affiliate program. The last three PDF documents are information and applications for signing up for a managed FOREX account.
I thought that the concept of this trading system was the most interesting. The system relies on certain correlations between specific currency pairs and attempts to take advantage of those correlations. The documentation for this product is very thorough and a good product for both beginners and experts to try if you’re looking for a innovative FOREX trading ideas.
Purchase the Institutional Forex System Now >>
Review of: BIRD WATCHING IN LION COUNTRY
The Bird Watching In Lion Country product, also called Forex Trading Explained, (forex-trading-explained.com) is by far the most unique product that I looked at for this article. The author is much more informal with the content of his product than the authors of the other products that I reviewed. Besides the very well written explanation of his methodology, he provides quite a few anecdotes a touch of humor that adds some entertainment to the product.
Downloading this product is a little more complicated than the other ones that I reviewed though. With the other systems, once your payment is complete, you are directed to a single, ordinary web page where you can download the product. The Bird Watching In Lion Country product uses download protection software to hide the product behind a secure connection and gives you a time limit of 5 hours for downloading the product. That is more than enough time, of course, the single 236-page PDF document downloads in a few moments, but the added security makes the process of getting the product annoying and may be slightly confusing to less internet savvy individuals.
This product seems to be more of an extensive trading explanation rather than a specific trading plan. It covers a wide variety of different methods and ideas and allows the reader to be exposed to different styles. This would be an excellent product for a beginning FOREX trader.
Purchase Bird Watching In Lion Country Now >>
I found each of these systems to be decent products, each with their own strengths and weaknesses. To review, the Forex Trading Machine is a good, very generalized product for developing your FOREX trading skills. The Institutional Forex System is the most professional of these products and probably provides the most extensive information about trading. The 241Forex System is what you should look into if you already have a good understanding of FOREX trading and are looking for a very specific system to follow. The Bird Watching In Lion Country product is extensive and entertaining and probably overall the best product for FOREX trading beginners.
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Currencies, David J. Kosmider
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2 Responses to “FOREX System Reviews”
April 4th, 2007 at 4:11 pm
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April 24th, 2007 at 8:08 am
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