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Forex Made Simple: A Step-By-Step Day Trading Strategy for Making $100 to $200 per Day by [BALDE, ALPHA]
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Forex Made Simple: A Step-By-Step Day Trading Strategy for Making $100 to $200 per Day Kindle Edition

3.9 out of 5 stars 128 customer reviews

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Length: 33 pages Word Wise: Enabled
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Product Details

  • File Size: 2494 KB
  • Print Length: 33 pages
  • Publication Date: July 31, 2012
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • ASIN: B008RERRY8
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Not Enabled
  • Amazon Best Sellers Rank: #42,979 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Kindle Edition Verified Purchase
I'm a successful trader that's been trading for years,I still have a look around in my efforts to improve my edge when I have some spare time. I have more spare time these days with profitable trading. The system will not make you money, for a dollar you will not succeed! Daily Charts with Ichimoku Clouds as your indicator will make you money, free indicator on MT4 and plenty of free information on how to use it on the web.
5 Comments 57 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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Format: Kindle Edition
I purchased the book and I am not happy with the purchase. As a FOREX professional that has a library of over 2000 books, almost 100 notebooks of systems, both manual and automated, I know what a good system should and should not have.

This system is substandard and not worth the time or the effort needed to put into it. Although the premise of the book is appealing, it lacks money management, and concrete trade management direction.

This book, like many others, appears to be one that was written by someone that heard money could be made by selling a Forex product. As a veteran trader with almost 30 years, and a leader in the Forex community, this is representative of all that is wrong with the Forex industry.
After initially purchasing the book and communicating with the author, asking if this could be traded on a longer term perspective, he stated that would be the next book. Well, I purchased the next book. I IMMEDIATELY refunded and contacted the author.

I normally do not write reviews, especially negative ones, because I know that my voice may be the deciding factor that may make or hinder a sale, and because I have my own products, and I hate when my products are flamed, but trust me on this-this is not worth the time that it would take to read.

This book appears to be designed to be a quick buck for the author, and will offer little to no value for you-the trader that spends money to buy this.

Respectfully,

Charles A. Floyd, II CTA, CPO
Co-Creator
Mesatradingmethod.com
42 Comments 99 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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Format: Kindle Edition
All the users who rated this e-book 5 stars have only ever reviewed one book in their whole life and guess which it happens to be. He also diluted the stars by giving himself some lower reviews so it doesn't appear as obvious. Watch out kiddies. Now that ive stated this he's probably going to fix his mistake.
6 Comments 92 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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Format: Kindle Edition Verified Purchase
I spent $1 on the kindle edition of this 19-page book so that I could read it and provide you all with a critical and realistic review.

First of all, in trading there is no such thing as consistent profits over any specific time frame. It doesn't work like that. In trading you have winning days, you have losing days. Winning weeks, losing weeks. Any book with a title like this book is making a fallacious claim.

This book provides a very simple trading method which, fortunately for you, is easily programmed, verbatim, into an automated system. Let's say you use Tradestation, you make a program that executes the author's algorithm, exactly as he has described in this book, and you backtest it over, say, a year's worth of data. You will instantly see that the method does not work. You can tweak it, you can try different time frames, you can apply it to different bar charts - it doesn't matter. It still doesn't work.

That's because no simple mechanical trading system is ever going to provide a consistently successful strategy over the long term. How could it? If it was possible, then everybody could simply open a Tradestation account for free, spend a minimal amount of time transcribing the trading system into a software program, fund the account with some money, launch the program, quit their job, sit back on their laurels and watch the program grow their account balance week after week.

Sound ridiculous? Of course. It is ridiculous because it's a fantasy. It's not the real world.

Don't believe me? Open up an automated trading account and backtest the author's trading strategy and see for yourself.
3 Comments 31 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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By D on May 6, 2013
Format: Kindle Edition Verified Purchase
This book is one of the dumbest i have read EVER! Its nothing more then words put on "paper" to scam people for money. Do not waste yours like i did. You can read every thing for free online at the websites for investing.
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Format: Kindle Edition
i took a course by alpha about a year ago on forex. his system generated too many false signals and was a gimmick. i paid a few hundred for his Gtalk coaching, which was not worth it. It was only a couple of hundred or so dollars, so not a big deal as many cost thousands. So although it is a scam, he spent a lot of hours showing me at least. some of his points were valid.
2 Comments 15 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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Format: Kindle Edition
Over simplistic method, will never work in reality. Author only shows 4 charts in the entire "book" (2 pages) with obviously the perfect scenario.
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Format: Kindle Edition Verified Purchase
If forex trading were actually this simple, then all traders would be multimillionaires. Save your time and money for the many great books on forex trading
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