Exactly. His system just uses long & short term trendlines, a custom indicator (in their software platform
) called Trend Scalper, some MA's and heavily on Fibo retracements. Like you said nothing that you can't read the book and learn by practicing. You won't have their mentorship but thats what sites like this are for.
Topgun
Quote:
Originally Posted by xmsr33
I am of the opinion that one need not pay for education.
For example, Forex Made Easy,(which I agree pushes Premiertrade to much) I read for free at Borders bookstore. Any Borders or Barnes and Nobles is likely to have several Forex books you can sit down and read on the weekends.
Then there is online education, the best of which is available in the pips school.
They cover all the basics and even some advanced stuff. Keep in mind that no one system uses all the technical indicators.
Once you understand what things like RSI,DMI,Stochastics, MCAD, EMA, Bollinger bands, are indicating, you can trade succesfully. Throw in Fibronnaci and maybe some Elliot waves, and I don't know of anything else you need to know.
95% of education seminars are likely to cover the same stuff found in the pips school, and they will push their own systems.
This site has no such bias, is probably easier to understand and is free.
It also comes with a helpfull community of fellow traders.
I reccomend you save your money and educate yourself on this site for free, then put your money to work in Forex via a broker like Oanda that lets you take small initial risks.
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