In this review, we evaluate the Forex Trading Made EZ system, also known as Forex Trading Made Easy, the brainchild of George C. Smith. The product is comprised of an ebook and a dozen videos that will train you in implementing the system in small easy steps.
The system is setup like this: you can begin downloading the ebook immediately after ordering. While going through the ebook, you will encounter download links to the pertinent video for that section of the book.
For example, the ebook might describe charting techniques or the charts themselves. On that same page, a link will point you to the descriptive video online which will educate you further on the topic in the ebook page.
Strong points
While the ebook is a good 84 pages, the text is a relatively easy read since a large portion of it is devoted to illustrations and charts. Essentially, it’s a single system where the objective is to increase your daily holdings by 5% via latitude lines and candlestick charts.
At first, 5% seems like a paltry amount but, if you extend your calculations, a different picture emerges. This means that in the absence of losing days, your money will double on a 17 day cycle. Thus $100 becomes thousands of dollars in a 90 day period.
However, losses are inevitable, a fact you must consider as gospel truth lest you be enticed to engage in risky, illogical trades just to achieve the theoretical projected returns. To keep things under control, the George Smith forex approach emphasizes that you should not be trying for more than 5% gains per day. This keeps things growing at a steady but relentless rate.
The first couple of chapters of the book will likely be skimmed by veteran foreign exchange traders eager to view the videos to implement George’s system immediately. Novices on the other hand are advised to follow the sequence gradually as designed and to view all the training videos.
Explaining all the elements of the system in a concise and uncomplicated manner is the strongest point of Forex Trading Made EZ (Easy). It dispenses with unnecesary details such as foreign exchange trading origins or discussing the pros and cons of various currency pairs. The focus stays on essential knowledge that will produce profit, no more and no less.
However, for those who wish to study basic forex theory in more detail, the introduction of the ebook links to a free downloadable ebook that provides this.
Weak points
The single biggest weakness of the Forex Trading Made EZ (Easy) system has to do with the temptation of novices to just go directly to videos without fully comprehending the ebook. Those who do this may be intimidated by the numerous charts and complicated techniques later in the book, if they have not fully absorbed the introductory sections.
You would be well advised to ensure that you begin from the very start of the book, then watch and absorb every video in the proper sequence so that you can evaluate and apply each and every tactic one step at a time.
While George Smith does not recommend demo accounts, we are of the conviction that novices must employ demo accounts while trying out a new system to ensure that everything is crystal clear to you before you risk any real cash. In the long run, this potentially saves you money that might otherwise be lost due to fundamental misunderstandings the system.
Customer Support
There is an optional notification list that you can join upon ordering the product. This enables you to receive support as needed. This also includes the opportunity of communicating with George Smith directly to clarify something or to ask for assistance.
Aside from this, signing up for the list includes receiving updates that explain concepts and techniques, his latest ideas, and it points you to new material such as new videos every so often. When ordering Forex Trading Made Easy, see to it that you don’t miss out on any of this by making sure you opt in to his list.
From all appearances, George comes across as a well disposed chap eager to help out. Don’t forget though that this is not some big trading company you’re dealing with. George is a retiree, pressed for time like all the rest of us. He will not be available 24/7. Make allowances of a couple of days for him to get back to you on any queries you may have.
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