First and foremost, I did not want to join the bandwagon of those who kept touting this as a glowing product without any faults whatsoever. Every review done here is thought out and tested on live market situations before opinions are written down. Forex Confidante is a system that is popular and has been well received, promising good profit returns for those willing to invest in it. Today, we will find out just how good Forex Confidante is and whether or not it is worth your time and money.
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Forex Confidante – What You Are Getting
Here are the package details:
Forex Confidante
Website: http://www.ForexConfidante.com/
Price: $97 (Special Introductory Offer)
What you get: Forex Confidante System, Access to the Forex ‘Inner Circle’ Methods and Advice
Money Back Guarantee: 56 days
Forex Confidante – A Detailed Review
Let’s talk a little about the learning curve, which can be a problem for those which are new to currency trading. Another thing, the book and the videos go hand in hand. Alone, the book is sometimes tough to manoeuvre around and it can get very technical at times.
This is the first time I have come across a Forex System that emphasises on the importance of money management and risk assessment, which is a refreshing perspective on trading and traders out there. I personally found this book to be extremely comprehensive and shines new light on trading strategy.
In a nutshell, Forex Confidante is like a guidebook and a map. It tells you just when to get into a trade at the exact time when prices pivot and profits can be made. It shows you where the possible stopping points of the trade and it cuts through a lot of the complicated systems you might have to use to get the same result. On the live market, it developed about 50 positive pips within a few hours and this is only because I now knew exactly when to enter and when to close my positions.
One thing I noticed was that the methods outlined here were not sensitive to the tighter time frame models of trade. If you are taking the short position, you might be struggling to understand where the concepts come in. Also, it seems there is a limit to how many pips you can make a day, so do not believe the 400pips in a single day hype being floated around.
Be careful, if you are an intermediate or advanced user looking for a system to boost your trade or refresh your strategy, then this is a sleeper hit and well worth the money. For those newer traders, you might want to look elsewhere before coming back here again. It is also quite ridiculous that the system requires you to be at the computer at 8:30 am EST on the dot, so those with timing issues might be affected.
Finishing Thoughts on Forex Confidante
High learning curve but good potential. They come together in a single package here so beginners should stay away until they have a few more years under their belt. But, credit is due to his excellent customer service; he personally gave me his phone number and answered all my questions in a half hour conversation with him.