Forex Avenger Review

I spent the weekend looking over a new forex trading system called the Forex Avenger. It was released on October 28, 2008-so it is pretty fresh and there isn't a lot of information on it. New trading systems always pique my interest, so here is my review of the Forex Avenger.

Forex Avenger is a mechanical trading system. It is not automated, meaning it isn't a forex trading robot or Expert Advisor. It is a trend following system built around 3 indicators. Included with the Forex Avenger is a second trading system called the "Set 'n Sleep System." It is another mechanical trading system, designed for people who work full-time and can't watch forex charts all day.

So does the Forex Avenger work, or is it a scam? The sales page claims the Forex Avenger system wins 82% of its trades. That number seems a bit high, but based on backtesting it for the past 3 months it is a profitable trading system. I believe it actually made a 26% gain in September 2008-not a bad month at all!

What's included with the Forex Avenger? A full ebook (in PDF format) that introduces forex, forex trading, and the Forex Avenger system. The ebook is pretty big (77 pages), and very informative. If you're new to the forex market, this is an excellent guide. Also included are 16 videos about the Forex Avenger and 6 videos describing the Set 'N Sleep system. Lots of example trades are shown, but it is really a simple enough system that you shouldn't have any problems trading it.

If you're looking for an easy to follow, mechanical trading system that is a proven winner, I recommend looking into Forex Avenger.

Forex Trading System: 10 Minute Forex Wealth Builder Review

I've spent the last couple of weeks looking over various forex trading systems, trying to find a strategy that would work for a complete forex newbie. Although I like "automated" (or robot) trading systems, I think they can be too dangerous for a new investor. You should really understand how the forex market works before relying on a script to trade it for you. That being said, I believe I have found an excellent forex trading system for newbie (or experienced) forex traders: Dean Saunders's 10 Minute Wealth Builder.

The heart of the system is basically using trendlines, support, and resistance to determine when to enter and exit your trades. There are rules in place that determine your stop-loss and take profit points. The system is geared towards large market moves, not for day trading. Trading all major currency pairs, you can expect to have 3-5 trades per week. Dean claims his system wins 60-70% of all trades, with the average winning trade being twice as big as the average losing trade. This means that over the long term, the 10 Minute Wealth Builder should definitely make you some money! Please note that no system produces 100% winning trades, and trading the forex market can be risky. Do not invest money you cannot afford to lose!

Why is Dean Saunders's 10 Minute Wealth Builder a good forex trading system for newbies?
It takes a simple, conservative approach to trading. Dean provides detailed video tutorials on reading charts, as well as money management. You don't need to use any complicated indicators or EA's to identify entry and exit points. Everything you need to know to successfully trade forex is covered in this course.