- 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
- Word Wise: Enabled
- Lending: Enabled
- Amazon Best Sellers Rank: #42,979 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Forex Made Simple: A Step-By-Step Day Trading Strategy for Making $100 to $200 per Day Kindle Edition
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Top Customer Reviews
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.
Charles A. Floyd, II CTA, CPO
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.
Most Recent Customer Reviews
i'm a beginner just starting out in forex...but I have been studying binary options for a year and a half so I'm experienced with a lot of books on strategies... Read morePublished 3 days ago by Amazon Customer
5 star. Everyone who complains hasn't back tested. I just bought the book 30 mins ago. Gobbled it. And rewinding the markets and looking at what's going on and with my bollinger... Read morePublished 2 months ago by Connell Brown
i'm received book yet but deducted relevant price from my account
i'm never recommend
if anyone need purchase detail i can give it
Gives you a very brief and conservative strategy to begin your road to making profits and cutting your loss. Read morePublished 3 months ago by Kevin Maguire
Great books great ideas simply expressed after finishing the books and rereading several times. I finally realised that it is me not my method that was derailing my trading. Read morePublished 5 months ago by Amazon Customer
Risk to reward ratio is .8 to 1. The author states maximum stop loss should 25 and target profit is 20. This means in order to break even, you would need a winning rate of 55.6%. Read morePublished 7 months ago by Earl Yoo
I have bought countless miracle strategies that promised to be the last and only strategy I would need to retire and make all the money I need to live the GOOD life as a trader. Read morePublished 8 months ago by S. Swilley
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