Forex Income Engine 2.0 Review

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 29, 2009 -- Forex Income Engine 2.0 is a day trading course from Bill Poulos that provides you with 3 separate intraday trading methods. These methods can be used in any time frame so are therefore ideal for day traders, or people who only have a limited amount of time to trade every day.

I was lucky enough to receive a review copy of the Forex Income Engine 2.0 course prior to it’s official launch so let me give you my full review of this product:

Forex Income Engine 2.0 Course Contents

The course itself is a physical product that is delivered directly to your door. It consists of 7 CD-ROMs, full colour reference manuals in a 3-ring binder, trading blueprints that summarise each of the 3 trading methods and a quick start guide to get you up and running.

The 7 CD-ROMs are as follows:

- Bonus Module – Forex And Trading Basics (51 minutes)

- Module 1 – Background And Overview (39 minutes)

- Module 2 – Ignition Method (98 minutes)

- Module 3 – Overdrive Method (62 minutes)

- Module 4 – Spring Method (67 minutes)

- Module 5 – Forex Brokers, Charting Software And Trading Platforms (85 minutes)

- Module 6 – Bringing It All Together (46 minutes)

Trading Method 1 – Ignition Method

The Ignition Method is a simple trading method that targets short-term continuation trends. Trades typically last between 2 and 6 bars and the profit objective can be anywhere between 10 and 50 pips, depending on the time frame you are trading and the set-up conditions of the trade.

This method, just like the two methods below, employs a two-part exit strategy which helps you to maximise your profits, whilst using a strict stop loss policy to minimize your losses.

Trading Method 2 – Overdrive Method

The Overdrive Method is my favourite method because it’s gets you into a trade near the beginning of some of the strongest trends that occur throughout the day. Profit objectives are in the region of 25-100 pips (depending on which time frame you use) and I have to say that most of the time these objectives are fulfilled.

I’ve been testing this method out on various time frames from 5 minutes up to 30 minutes and my overall success rate is extremely high, particularly on the 15 minute and 30 minute charts where the trends are a lot stronger.

Trading Method 3 – Spring Method

The final method included in the Forex Income Engine 2.0 course is the Spring Method. This method looks for trend reversals and typical profit targets are again between 25 and 100 pips.

The problem with this method is that you don’t tend to get as many set-ups as the previous two methods. However from the limited amount of back-testing I’ve done on this method, it does nevertheless appear to generate some decent profits when set-ups do occur.

Read full review here:

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