Forex Trading Made E-Z
Review
This Forex Trading Made E-Z review will
examine the system for trading on the foreign exchange
currency markets developed by George C Smith. When you
order Forex Trading Made E-Z you get an ebook and 12
training videos setting out the system in step by step
form.
The basic structure is that you have the ebook which you can
download instantly when you place your order (any time of the
day or night). Inside the ebook you have the links to each
video at the point where you need it. So you will see a written
explanation of a chart or a technique, and there will be a link
right there to a video that you can access on the internet
showing you the actual action.
Strengths
The ebook is 84 pages but there are plenty of charts so
there is not a huge ton of text to read and remember. This is
basically one system and George Smith tells you how he trades
using candlestick charts and latitude lines with the aim of
increasing his bank by 5% each day.
5% each day may not sound much until you do the math. It
comes out to mean that if you had no losing days, you would
double your money every 17 days. In 90 days you could grow $100
to over $7,300. Of course losing days are a fact of life and if
you don't accept that you will be tempted to take stupid risks,
so it is better not to expect anything like that speed of
growth. George Smith's point here really is that you should not
be trying to make more than 5% a day.
The combination of ebook and videos is excellent. Most
people's best way of learning to do something practical is to
follow along with somebody else showing them, and online videos
are perfect for that. But it's also good to have something you
can print out on paper and refer back to quickly when you just
need to check something.
Experienced forex traders will probably skim through the
first few chapters of the ebook quickly and go ahead and try
the system right away. Beginners should take it step by step
and watch all of the videos.
One of the strongest points of Forex Trading Made E-Z is
that it explains everything for the complete beginner, in the
shortest and simplest way. There is no fluff about the history
of forex trading or the relative merits of different currency
pairs. It explains what you need to know to start making money
and that's all.
At the same time, there is a link in the introductory
section to another ebook that you can download for free that
will explain the theory in greater detail for those who want
it.
Weaknesses
If there is one weakness it may be that complete beginners
will be tempted to rush through the ebook without watching the
videos. Some people who do this may be scared off by looking at
the charts and techniques in later chapters which could seem
complicated if they did not take time to understand what was
going on in the earlier steps.
However, the bottom line is that to be successful with forex
trading you do need to be happy looking at charts and figures
and dealing with money. If the sight of a candlestick chart
makes you run for the hills, you probably should not venture
into the live markets at all.
On the other hand, if the first time you see a candlestick
chart you are eager to find out what it means and discover
patterns in the blocks of color, you could be well suited to
forex trading even if you are a complete beginner right now.
You will enjoy getting to grips with the system laid out in
Forez Made E-Z.
Just be sure to go right back to the start, watch each video
as you come to it and try out every tactic step by step. George
Smith is not a big fan of demo accounts but if you are just
starting out with forex trading I believe you should use a demo
account for this system in the very beginning just so you
understand exactly how each technique works. This saves you
losing money just because you misunderstood something or
applied one idea the wrong way around.
Support
To receive support you must opt in to the updates
notification list when you are ordering the system. Then you
will have the possibility of contacting George Smith personally
if you need any help or clarification.
You will receive updates with new ideas, explanations and
even links to new videos from time to time. So definitely don't
miss your chance to sign up for the updates list when you get
Forex Trading Made E-Z.
George seems to be a friendly guy who will help you out if
he can. Keep in mind though that you are not dealing with a
huge company here. He is just one retired guy with limited time
who is not going to be online 24/7. Allow a few days to hear
back from him.
The Bottom Line
Gives you one clear system in double delivery through ebook
and videos. Great for beginners who are wondering where to
start among all the conflicting ideas about forex on the
internet. More experienced traders can pick up new ideas.
Forex Trading Made E-Z review verdict: 5 stars.
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