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.
