Trading Forex requires a fair bit of knowledge. Gaining that knowledge can be tough, though, especially if you don’t have a big background in trading.
There are plenty of guides, of course, and there is no shortage of people who will tell you exactly what to do. It can be more helpful, though, to have a complete product that will guide you through the early steps of your trading career.
If you’re looking to get started, it can help to take a closer look at Trading Pro System Plus. In this review, we’ll take a look at what you can expect from the program and determine whether or not it’s worth your investment.
Trading Pro System Plus Overview
This product is unique, in that it doesn’t come from a major trading firm or from a corporate sponsor. Instead, it’s written by two traders who have a great deal of experience in the market, starting from a place very similar to where you may find yourself right now.
There’s something to be said for a guide that doesn’t assume a base level of competency when it comes to the market. The authors don’t think that you have an MBA, and they don’t necessarily even think that you’ve traded before. They’re out to give you a holistic look at the way the Forex markets work and how you can profit from them.
At its heart, this is a system that’s meant to teach you not just how to be a trader, but how to be an effective trader. It covers everything that you’d need to know not just for Forex, but how to manage your career as someone who participates in the open markets.
How Does it Work?
The aptest comparison one can make to this product is an online trading course. In many ways, of course, that’s exactly what you’re getting – a jaunt through Trading 101 and all of its related courses, concluding with a series of advanced techniques that will help you to put what you’ve learned into practice.
Taking things down to component parts, what you’re really getting here is courses. There are ten modules, each of which is split into smaller series of videos. In total, you’ll get about twenty-four hours of practical lecture, plus dozens of hours of assorted other tools.
There’s a stunning amount of work that’s gone into this product. You don’t just get the videos – there are commentaries, pdfs, and spreadsheets that go along with every lesson. It’s an almost overwhelming amount of data, but it can do a great job of helping you to build your trading career from the ground up.
Is there a Money-Back Guarantee?
This is a big one for many investors, especially since they’ve seen so many products make big claims and then have very little to back it up. If you’re going to invest in any kind, of course, that promises to make you better at what you do, you should expect that the authors would have enough confidence to actually believe in the course.
The good news is that you can get a full refund as long as you contact the company in sixty days. It’s not quite the lifetime guarantee that you might hope for, but it’s a good sign that the company believes in the product in which they’ve invested. Only about .6% of all clients actually take the company up on the offer, so there seems to be some evidence that you shouldn’t have to rely on that refund policy.
What Separates it from Competitors?
Given the number of similar products on the market, it’s good to stop and look at what makes this one stand out. There’s no shortage of people who desperately want to sell you on their own system, after all, and figuring out who’s legitimate and who is trying to get your money is always very important.
The most relevant thing that separates this system from most of the rest is that it absolutely does not come from a corporate perspective. Quite a bit of the literature written about Forex trading assumes that you have the backing of a major company or a client when you’re trading, and this will influence how you deal with profits and loss. This system, on the other hand, assumes that you’re working with your own money.
There’s a certain understanding of how hard it is to invest on your own here that’s hard to find elsewhere. Since the creators know how much every loss hurts, they help users find a system that’s a little more realistic than some that are advertised.
The other major difference is the sheer amount of data given to consumers. There are no assumptions made about what you know or don’t know about trading here. That’s why there’s information that’s including that goes all the way down to the level of basic financial management, but that also rises to the level of advanced trading strategies. There are very few products on the market today that provide such an all-inclusive amount of information.
How the Product Keeps You on Top
All the good information in the world isn’t worth much if it won’t actually make you money. In reality, the value of this product is that it will actually teach you how to invest in a way that will not only minimize your losses on the Forex market, but that will help you to gain wealth as you become more confident and competent.
The product helps keeps you on top of the trading world because it actually teaches you how it works. It doesn’t trade in misinformation or half-truths, instead of giving you the raw information you can use to draw your own trading conclusions. Instead of placing trades in a place where they are working off of assumptions, it allows them to start working from a place of knowledge.
The product also keeps you on top because it teaches you about much more than just Forex trading. It also teaches you how to better manage the money you make and how to treat your trading business as just that – a business. It may make the entire process look a little less exciting, but it also helps investors to understand the amount of patience and perseverance that’s necessary for making living trading on the Forex market.
It’s always valuable to know what you’re getting in the box. The good news here, at least, is that you’re going to end up getting quite a bit. This really is a fully-featured trading course, so you will get quite a bit of bang for your buck.
The major feature here is the videos. There are 41 videos that take approximately twenty-four hours to cover, ranging on topics from the basics of business management to how to properly conduct technical analysis. These videos are divided into ten individual modules, but each is fairly easy to search through in order to find the data you need.
In addition to the videos, you will also get two PDF special reports, three spreadsheets, and a variety of trading eBooks. You’ll also get a membership to the product website (http://www.tradingprosystemplus.com/), which is meant to give you easier access to your products, but access to a number of bonus materials that are found online.
All told, this is a substantial amount of material. It’s got everything you need not only to get acquainted with the markets, but also to start learning how to transition into a more professional Forex trading career.
Learning to Trade Forex
This product really is all about learning how to trade Forex in a realistic way. While there is quite a bit of data, most of what the average user will need is going to fall into one of two major categories – how to get started in the market, and how to use the right tools in order to continue to make an impact on the market. Through using all the materials included, any consumer should have at least the bare minimum amount of information needed to successfully start making Forex trades.
Getting Your Start
A tremendous amount of the information included in this product teaches you how to get started on the Forex market. The earliest information that you find in the first module doesn’t even necessarily apply only to Forex – it teaches you about how to manage your trading career not as a hobby or as a wealth generator, but as a real business.
The tools do, however, go on to try to demystify Forex as a platform and to take some of the mystery away from trading. There’s a great deal of information included about how to understand the basic numbers involved in trading, how to make the right moves at the right times, and ultimately how to build a portfolio that is more likely to help you generate long-term wealth.
While there’s a great deal of advanced information in the product as well, the focus on the basics is very helpful. With a strong enough foundation, you’ll be in a better place to make money when trading.
Using the Right Tools
Despite the fact that anyone can understand the basics with a little help, Forex is too complicated to manage without investing in tools. Whether they’re platforms for trading or tools for simple analysis, you’ll need them to engage with the market and predict what sort of trades are worth making in the future.
The great thing about the system is that it gives you some fairly straightforward information about why you need these tools. There is definitely some bias as to which tools you might want to use, but having the background details can still be helpful. If you’re going to invest, you will need both access to a good trading platform and access to the tools that will help you to determine when it’s wise to buy and when you might want to sell.
How Well it Works
At the end of the day, the most important thing about any trading-related product is figuring out how well it works. Unfortunately, there’s not a lot of raw data that can tell you if a course will make you successful or not – that comes down to both how you apply the information and how the market is treating you. There is, however, better data concerning customer support and how the product is priced.
Whether or not this product provides adequate customer support really comes down to what you expect from this type of product. It’s essentially a one-and-done course, so you’re not going to have much, if any, interaction with the customer service department. There’s no one to call for explanations, for example, nor are you going to get in contact with a representative if you feel like the information isn’t being presented in the right way.
The only way to get in contact with the company is via email, and representatives respond in a reasonably quick manner. If you’re looking for anything outside of a refund or to get shipped missing information, though, you won’t get much help. The customer service is fine for what it is, but it’s not going to allow you to accomplish very much.
Generally speaking, most customers seem to be fairly happy with the product. The tough thing to figure out, though, is exactly why this might be. After all, this is a training product – the results are going to vary so much from user to user that it’s hard to pinpoint exactly why this product will lead to success.
The best answer is that the information in the product is actually quite useful. Is it going to make everyone rich? Of course not. It will not, however, lead you astray. The data here is solid and presented in a useful way, so it’s going to continue to perform well so long as consumers actually pay attention to what they’ve learned.
All told, this is a fairly inexpensive product for what’s advertised – at least, most of the time. While the website says that the system costs anywhere from $196 to $350 for the product and a lifetime membership to the site, the truth is that the product is on sale quite often. It’s very easy to get the system for under sixty dollars, with many sales-driving the numbers below fifty. If you can manage to get this product at a reduced price, it’s absolutely one of the best values you’ll find.
• Great information
• Fantastic extras
• Good presentation
• A good basic introduction to trading
• Sixty-day money-back guarantee
• It’s up to the individual to apply the information
• Only a basic tier of customer service
• The sheer amount of information can be overwhelming