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Forex Confidante Review (Set Time)

Website : Link No Longer Available Cost : $97 Author : Thomas Strignano Review Date

  1. Forex Confidante Review (Set Time) #1
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    Default Forex Confidante Review (Set Time)

    Website : Link No Longer Available
    Cost : $97
    Author : Thomas Strignano
    Review Date : June 2009

    WHAT IT SAYS ON THE WEBSITE

    "Devious Ex-Bank Trader Finally Reveals Top Secret System That Shook World Markets & Netted $1.2 Million Overnight" and "Now YOU Get The Very Same System The Banking Elite Use To Command Billions Daily".

    This system will "eliminate guesswork", you can "set your own hours and work from home (or anywhere else)" all without "any special training or previous experience".

    There are video and email testimonials all over this site, so take your pick, if you are that way inclined.

    The system he is selling is the exact same system "I used to command trillions of dollars daily while working for a top bank" and not "some bullsh*t theory".

    Thomas is "an actual trader" ("at the age of 28 I was the youngest Chief Trader ever at a top Italian bank") and that's the "main difference between me and all these other bozos out there", he "walks the walk". He traded for a living until he "discovered a way to trade from home and absolutely coin it on a daily basis".

    Revealing his secrets seems to have cost Thomas a few friends - "I cut a lot of ties and burned all bridges in getting this out into the public domain", "I was a member of a highly secretive group who kept all their cards close to their chest", "these guys are the greediest, savviest sharks you'll ever meet, they're predators" and "anyone caught revealing their system would be fed to the lions and frankly that's why they don't talk to me anymore".

    Purchase is backed up with a 60 day money back guarantee.

    THE PURCHASE

    $97 via Clickbank.

    THE MATERIAL

    A pretty detailed and complex 98 page read, the majority of which is good information and is obviously written by someone close to the markets. For those new to trading this offers a great introduction to much of what the industry is about and how it works. The Technical analysis section is also detailed and very well written as are the references to Money/Trade management.

    Daily charts and a minimum of one hour charts are used with the Daily being used as a base and the hourly for more precise analysis. Price action, Trend lines and Fibonacci are the real core of the system, so no "lagging" indicators here.

    THE SYSTEM IN THEORY

    The system is quite mechanical, the exception being the different ways one can managing positions once opened. Charts are pretty straight forward in terms of set up with Trend lines and Fibonacci levels the only real tools involved.

    Trades are placed around 8:30 EST (13:30 UK Local time) and can be managed manually or with pre-defined stops and targets. Seems like having time to watch the market and manage the trades would be more profitable.

    THE SYSTEM IN PRACTICE

    There is a theory behind this system, the author's theory. However, we didn't fully understand this theory or we just didn't get it, one or the other or maybe both. So, we didn't actually trade this system. This is not to say we are right or wrong in any way in our perception, its just that, in theory it wasn't for us.

    CAN IT WORK

    Possibly, we never found due to our view on the theory mentioned above and none of us had the time nor the inclination to take it any further.

    SUPPORT

    We never contacted support so cannot comment.

    CONCLUSION

    PRO's
    - An excellent manual for those needing an introduction to the industry and most of what is behind it.
    - Great Technical analysis and Money/Trade management sections.
    - Minimal effort required.
    CON's
    - We just didn't get/agree/understand (call it as you wish) the theory.


    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
    Last edited by Reviewteam; 11-29-2010 at 08:24 AM.