Website: Link No Longer Available
Cost : $67
Author : Anthony Joshua
Review Date : August 2009

WHAT IT SAYS ON THE WEBSITE

A "revolutionary" system that "quickly siphons off up to $4,710 with one trade" and Anthony has used to "bring in a six figure income annually". "Discover how mind-blowingly simple it is for ordinary traders with almost no capital and zero appetite for risk to pull in massive cash raids from forex".

There are 3 example trades (screen shots) on the website and the "results are jaw-dropping", so much so that the "profits would make Warren Buffet blush". Some testimonials back up the claims on the website with one guy in particular, James Suddle from NYC, making "a profit of $14,600 in only 27 days".

The system is "100% mechanical" and "takes two minutes of your time every week". The "only 'indicator' is price" and you need "zero forex experience".

This system "not only tells you what to do, it tells you when to do it", "it's proprietary and frankly so powerful that I'm only going to tell buyers of Forex Empire the whole story".

Anthony has been in our shoes, he has "tried everything", had his trading account "pillaged and burnt. Every single time" and "came close to quitting in abject frustration" using "over 50 other systems".

"You're going to be such a Forex killing machine that you can almost bend the market to your will" with the "trading formula that works like magic".

It was not so much the headlines that made us investigate this system, great as they sound. It was actually the fact that the screen shots showed a Point & Figure chart. With all systems we have reviewed to date being based on Candlesticks we were just really keen to look at and review one based on something a little different.

The product comes with the usual Clickbank money back guarantee as well as a personal email address which will be "responded to within 24 hours".

THE PURCHASE

$67 via Clickbank.

THE MATERIAL

A 63 page manual where we actually get into the workings of the system itself around page 18 and on page 19 we came unstuck.

To use this system, in its Point & Figure format, you need charts that support Point & Figure. So, we sent an email to support and asked for the settings (for our IG Index charts), as they were not provided in the manual.

Actually, we sent two requests and after almost two weeks waiting we received a response informing us that IG Index does not have Point & Figure charting. We know for a fact that it does, we use it ourselves. In the same email we were also told that we could have a 30 day free trial (via the link provided) with Market Analyst who did have Point & Figure.

The system can also be used on Candlestick charts too but this was quite rudimentary in our opinion and frankly, we were interested in a Point & Figure system.

We couldn’t use this system without signing up for Market Analyst and we did not buy the system for this purpose. In our view a system should not require specialist charting software but should be usable by all, assuming most have access to a half decent broker with half decent charting.

THE SYSTEM IN THEORY

In theory it's based on pretty standard Point & Figure interpretation as well as some application of Gann angles. But, without the settings and our reluctance to sign up for Market Analyst we never got to actually applying the theory.

THE SYSTEM IN PRACTICE

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

CAN IT WORK

Possibly, if one was willing to sign up for Market Analyst or wanted to apply, what we consider, the rudimentary Candlestick version of the system.

As happens from time to time and not surprisingly, we come across a system that just doesn't suit us and this was one of them.

Now, we are not saying this system doesn't or cannot work, it may well do. It’s just the way it is packaged, it is not for us.

As usual we are always willing to hear from those that have used/still use this system. Perhaps we can be convinced to sign up to Market Analyst and take the system further.

SUPPORT

We only contacted support twice, the first to enquire about the Point & Figure settings, the second to request a refund. The former took almost two weeks to receive a reply and the latter 24 hours.

CONCLUSION

PRO's
• A bit different - Point & Figure as opposed to Candlesticks.
CON's
• Requires sign up to Market Analyst unless one wants to apply the "rudimentary" Candlestick version of the system.


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

ReviewTeam - www.systemsfortraders.com