It’s impossible to start trading Forex in a profitable manner if you don’t have the right foundations. You need to know more than just the jargon, though – you need to know how the whole system works.
There are hundreds, if not thousands, of products on the market that will give you some kind of foundation for your trading future. The best, though, are those that actually educate you in a way that will allow you to think for yourself.
A good place to start is with the Forex Option Income System. This review will take a look at what’s in the program and, ultimately, whether or not it can make a positive difference in your trading future.
Forex Option Income System Overview
It’s always a good idea to stop and think about where any kind of Forex training system is coming from. It’s not going to help you much if you’re getting something written by a corporate trader for a corporate environment, especially if your own money is at risk. You need a product that’s going to teach you to trade your way.
The good news is that this product does come directly from someone who is used to trading like a normal person. This retail trader has experienced the ups and downs of the market, and even more importantly he knows what it’s like to lose his own money in the process.
What you’re gaining here is, in a way, the benefits of real-world trading experience. The material presented here doesn’t just come from an academic standpoint, but from one that’s far more practical. Going farther into the system gives you the tips you need to succeed.
How Does it Work?
This system absolutely starts would-be traders off on the ground floor. It’s not going to make many assumptions about the kind of trading that you’ve done before – in fact, it generally starts from a place of assuming that you know nothing. You start at the bottom, but you’ll be quickly taken all the way up to the top.
Like many other similar products, what you’re actually getting here is a series of courses about trading. This one is made up of forty different videos, which will take you about twenty hours to get through if you watch them back to back. Most, however, are meant to be consumed at your own pace.
You can definitely tell that there’s craftsmanship that went into making the product. It’s light on the extras, but each video is so full of information that you’ll be happy with the purchase. It really does have a fantastic set of principles that will allow you to get your trading career off on the right foot.
Is there a Money-Back Guarantee?
One of the hallmarks of a good product is the existence of a money-back guarantee. It’s not just a sign that the product is a safe investment – it’s a sign that the people who made the product think that it’s going to work. After all, scammers never go through the effort of setting up the proper channels for refunds.
This product does have a sixty-day money-back guarantee, which is honestly great for more than those who get frustrated by the program itself. It’s exactly the amount of time you need to figure out if Forex trading is actually for you, so it’s a perfect option for anyone who is deciding to just dip a toe into the markets.
What Separates it from Competitors?
This system obviously isn’t the only one of the market today. There are thousands of people who claim to be experts and even more companies that want to sell their own ‘secrets’. If you’re going to invest in any kind of trading system, you need to start by figuring out what makes that particular system stand out. Doing so will give you a much better chance of finding a product that fits your individual needs.
Perspective is usually a good place to start when you’re figuring out the differences between products. As stated above, the perspective here is from a successful but otherwise average trader. The author didn’t start out with this career, and he certainly didn’t come from a trading background. That means that you’re going to get a perspective that meets you where you are right now.
It should also be noted that the product itself is also presented in an incredibly educational manner. If you check out the website (http://www.optionincomesystem.com/), you’ll see the emphasis on teaching. This means that, at times, making money quickly is given a backseat to understanding how the underlying processes work. This is fantastic for those who want to actually understand the Forex markets.
The scope of the materials is also fairly important here. You’re not just going to learn the basics of Forex – you’re going to learn the basics of investment. That means learning how to develop a trading business, how to maximize the value of your portfolio, and understanding how the markets as a whole work. While having dedicated Forex material is excellent, having access to something more holistic can be more beneficial in the long run.
How the Product Keeps You on Top
It’s nice to know that this product is going to teach you something, but you’re probably a little more worried about how it’s going to provide a good return on investment. It isn’t free, after all, and you want to make sure that you’re eventually going to be able to make the money that you’ve spent back. Fortunately, this product does have you covered.
In many ways, this product keeps you on top of the competition because it helps to disabuse you of some common misconceptions. Going into the Forex markets with your eyes open and your head clear is a good way to prevent mistakes and a great way to stay ahead of other newbies. This product is absolutely one of the few that gives you a realistic idea of what to expect next.
There’s also a lot to like here in terms of wealth-building strategies. The courses are very clear that you’re going to be making more than one investment at a time, and that you have to learn how to invest well if you actually want to turn a profit. Getting some basic information on setting up profitable portfolios and managing your money can be more helpful than you might think.
What you’re really getting here is depth more than breadth, so you shouldn’t expect all of the bells and whistles that you get with many other products. You’re not getting a host of charts or worksheets, nor are you going to get extra eBooks or even a members-only website. What you’re going to get is a series of very good videos.
The good news is that all of the videos are actually interactive. They will provide you with about a full day’s worth of straight-through study, or about twenty hours of actual viewing time. Once you’re done, you’ll have the information you need to start trading. The website does offer some bonus materials, but the bulk of what you’re going to get from the company is really more of the same educational materials.
Learning to Trade Forex
Trading Forex is a great way to generate wealth – at least if you do it correctly. Unfortunately, there’s a lot of bad information out there that can both cause you to lose money and that can scare you off of the markets entirely. It’s up to you to figure out what you really need from a program like this one.
In general, you want to concentrate on three areas of study. The first is general trading knowledge – the jargon of trading, how it works, and what basic market movements look like. The second is how to use the proper tools in order to actually work with the market and make money. Finally, you’ll want to learn how to properly manage that new wealth, giving yourself a chance to turn a few good trades into years of passive income. Fortunately, this product does give you the basics for all three areas.
Getting Your Start
Most of what you’re going to find in the earliest sections of this course can honestly be called ‘the basics’. It’s an introduction to Forex, an introduction to trading, and an introduction to portfolio building. More than anything, the first section is really about building up your confidence so that you are not afraid to start investing.
Getting your start also means learning how to get rid of all of the misinformation surrounding Forex trading. Dismissing rumors and trading on the truth is not just a good way to make you comfortable when you are trading, but also a great way to ensure that you’re going to make reasonable choices when your own money is on the line.
Most of what you’re going to find in this system will help you to get a grip on the basics of Forex trading. There’s plenty of other information here, but a great deal of the value will be found in the inclusion of the fundamentals.
Using the Right Tools
The Forex market is far too complicated to manage with a simple spreadsheet. You’re going to have to learn how to use specialized tools in order to make trades, gather data, and analyze your performance. Most of these systems are going to try to sell you on specific tools, and this one is no different. In this case, though, the pitch comes directly from the author’s own experience.
User bias aside, the information that you’ll get from this system is solid. You’ll learn not only how to use specific tools, but why you might want to use tools at all. There’s no promise that using one system or another is going to be the key to making money, but rather than choosing to use the tools correctly will be a vital part of your trading experience.
How Well it Works
How well a given trading system works is hard to quantify. Everything comes down to how the user chooses to invest, so there can be huge success stories from bad products and awful cautionary tales from perfect products. Instead of focusing on individual performance, it can be helpful to look at how the product’s overall utility – and for many, that means looking at both customer support and pricing.
What kind of customer support do you really expect from an educational system? That’s a question that’s up to the individual user, but it’s good to set your expectations early on. This system doesn’t really involve any kind of ongoing contact with the author or the company, so you probably won’t ever speak to a representative. In fact, the only way you’ll actually speak to someone is through the support email address on the site.
The good news is that the support email does work. All you’re going to get on it, though, is information about shipping and how to get your refund. You won’t get much on how to work with the product or how it should be used, so don’t expect to have your handheld if you can’t figure out how to use this product.
All in all, customers tend to be happy with this system. It’s fairly hard not to be happy, after all, as the system does provide you a lot of very useful and very relevant data. This is just a training system, though, so it’s hard to tell if there’s any validity that comes from those who claim that the product has changed their lives.
The honest truth is that the system is going to give you a good foundation for making money. It is not, however, going to do that work for you. It’s not going to lead you into a blunder either, though, unless you stop paying attention halfway through. It’s a solid learning system that does its job well.
Since this is a one-and-done product, you’re only going to deal with a single sales price. At just under two hundred dollars, it’s not terribly expensive but it’s also not anywhere near the bottom of the market. You can find similar systems for under a hundred dollars when they are on sale, but this one seems to consistently hold its price. Given its success, though, it seems like a fair price to pay.
• Good basic information
• Presented in a way everyone can understand
• Great information about wealth building
• Sixty-day money back guarantee
• Doesn’t make you money automatically
• Short on the extras
• Requires a significant time investment to learn everything that’s included