Website: Link No Longer Available
Cost : $79
Author : Louizos Alexander Louizos
Review Date : June 2009

WHAT IT SAYS ON THE WEBSITE

Two really promising opening statements!

"You're Just One Step Away From Discovering A New Method Of Forex Trading That Will Explode Your Profits In A Way You Never Imagined".

"Do not miss this life-changing opportunity because the secret to pulling 'unfair' profits out of the Forex market is hidden in this article, and when I reveal it you (think this should say 'to you'), you simply cannot fail to make money, hand over fist!"

This system requires "no special trading knowledge", "a few minutes to learn" so "you will double your income through Forex trading with minimum effort and time" and "month after month profits will flow into your account". "The quickest and easiest way to master Forex trading without having a single losing month".

Louizos is a professional Forex trader with more than 7 years trading experience and this system is based on "years of research and testing". Other systems fail because they use lagging indicators so this system does not use them. This system is based on price movements, "an insiders secret" to be more accurate, and can be used on any timeframe.

So, "stop buying worthless trading systems that can be valued only as scams", "stop attending seminars with self called trade gurus", "save your money" - "Find me an easier method to pull profits out of Forex and I will give you $100".

Some statistics and example trades are provided on the website as well as a 60 day money back guarantee.

A "complete package of bonuses specially designed to skyrocket your trading capacity" are also promised just above the sign up link.

THE PURCHASE

$79 via Clickbank.

THE MATERIAL

A 48 page manual that we doubt very much is written by someone who's native language is English. Nevertheless it is comprehensible enough.

The preferences for this system are 4 hour time-frames (but its been "successfully tested for any time-frame). Preferred pairs to be traded are EUR/USD, USD/JPY and EUR/JPY.

In a nutshell, the actual system is based on identifying a trend and then applying a very rudimentary version of Fibonacci and forecasting a "Power Turn Point".

The manual does go into quite a lot of detail on trade identification with some good examples that make it pretty clear what Entries, Stops and Targets should be, so the system is very much mechanical.

Incidentally, we did not waste the paper or the ink printing off the 9 "bonuses" we received with our purchase.

THE SYSTEM IN THEORY

Setting up this system is straight forward as only the Fibonacci tool is used. However, with the methodology behind the system not making much sense to us we didn't take this system any further.

This is not to say we are correct in our view of the methodology or that it is not appropriate, we just didn't consider it a viable trading system. A quick flick through a few charts across different time-frames justified (we believe) our decision.

THE SYSTEM IN PRACTICE

We cannot comment on how this system performs in practice as we never got that far.

CAN IT WORK

For us, because we didn't quite agree with the methodology, we chose not to find out. However, this does not mean it cannot work, we just chose not to find out and thus cannot really comment on whether or not it can work.

SUPPORT

We had no reason to contact support so cannot comment.

CONCLUSION

PRO's
- Easy to set up and trade.
- Trade identification (including Entries, Exits and Stops) pretty much mechanical.
CON's
- Methodology behind the system just didn?t fit in with our trading mentality.


Do remember, your comments are important, if you have any experience of this system do please share your views with us.

ReviewTeam - www.systemsfortraders.com