Bill Poulos’s latest course, the Forex Profit Multiplier, is more than just an education resource. It contains 3 detailed trading systems and a trading alert software. In this article, I want to go over what this course can teach you and whether you can actually use it to make a consistent profit in Forex.
So, what does the Forex Profit Multiplier course include?
At its core, this is a course that teaches you 3 trading systems for trading the 4 hour time frame with the major currencies. The idea is to give you 3 systems for various market conditions that can be applied quickly in as little as 20 minutes each day you wish to trade. This is a system designed for traders who do not wish, or are unable to, spend hours in front of the charts, poring over a large number of technical indicators.
The 3 trading systems are each taught separately in its own video tutorial but they can be put to work together as the market shifts from a condition in which one system will work to another condition which another system is better suited for. In a recent interview, Bill Poulos explained how each method works in general terms:
The Spring method is used when a counter-trend movement is just beginning after a previous trend has run its course. The Impulse method is used when a trend is just beginning. The Propulsion method is used during a trend after a correction has occurred, one which did not signify a counter-trend movement.
All the trading methods are taught with complete setup, entry, and exit rules that are simple to follow and identify. The course is therefore suited for traders of all levels, even new ones.
The Intelligent Trade Alert is a software that comes with the system and alerts the trader whenever set up conditions for a trend have been met. This makes the entire trading process much easier. Alerts can be set up to be sent by text messaging or emails or both. It’s important to note that this is not an automatic trading system. You need to place the trade yourself. The system simply informs you when it has identifies a high probability trade set up.
In addition to the trading systems and software, students will have access to Bill Poulos himself and his staff as they also have periodical training sessions that traders can join and a continuous support system in place to help answer any question and deal with any issue.
As someone who has followed Bill Poulos’s teachings over the past few years I anticipate that this course will provide great value for a lot of traders who are desperate for some real and useful information in the tricky but lucrative world of Forex trading.
By: John J. Drummond