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Is 'The Affluent Desktop Currency Trader' any good or is it just bunch of hype?
The Affluent Desktop Currency is a step-by-step training manual that will teach you everything from the beginning to the end as far as currency trading is concerned. Thereby it is good for people who know nothing about forex trading. It includes 9 separate trading strategies which you can use for everyday trading. Read Part 1 free here.
The Affluent Desktop Currency
Traders teaches and discusses:
- What the Forex market is
- The currency pairs and how they integrate
- How to interpret price
- How to determine pip value
- Lots and lot sizes
- Margin and leverage
- Brokers, their services and their free trading software
- Trading sessions and times
- Terminology
- Detailed basics covering many aspects
- Technical analysis and reading charts
- Chart elements
- Types of orders
- Tools and Indicators
- Chart analysis
- High probability patterns and formations
- Entering and exiting trades
- Money management
- Psychology of trading
- Several systems
- Trading scenarios
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I recommend this book to newbies because of the following reasons:
- It is very easy to read.
- The author assumes that you know nothing about forex trading at all, so he covers all the background information you need to start trading forex. I have read books that often refer you to many other texts that you need to read first before you understand the concepts covered.
- Although it discusses a bit about how to use fundamental analysis, I like this book because it focuses on how to use technical analysis to trade forex. It uses simple indicators and simple systems.
- It has a detailed chapter on money management, discipline and psychology.
- It provided me with the formula you need to make sure that I only lose a certain fraction of my account in each trade.
What I don't like about this book:
- Printing Limitation to 2 Copies (although you can contact Amin to enable more).
- It looks like a nice introduction to the terminology and basics of trading, but luring people to buy it by telling them they'll be "downloading" $500-1000 per week is hype. You won't become an expert overnight.
Check it out, if you don't like it, than get you money back. But stay around for the bonuses, because they rock.
Jeff from Bristol has reviewed this The Affluent Desktop Currency Trader and sent me the following review -:
WHAT YOU GOT FOR YOUR MONEY: A4 Manual, CD containing more useful information about forex currency trading.
WHAT YOU THOUGHT: I bought this manual about six weeks ago, after spending some time to learn and understand the forex market I feel quite confident about trading. The manual is well written and covers everything you need to know along with some easy to follow systems to get you started. The author is very responsive and willing to help as I had quite a few questions along the way. At the time of writing this I am paper trading to gain more confidence as the author recommends. I think this is well worth the money.
His aim on writing the course was to show the average person how to trade the FOREX market to make a living from home.
Although he has only been trading for 3 years or so, he is consistently able to profit from backing his opinion on daily currency fluctuations.
In his course he shows you how to mimic what he has done and demystifies the currency markets.
With the recent appearance of "The Insider Signal" course from Streetwise at £2000+, Amin's course seems a snip at just $97 (around £60).
Both cover the same material although Amin offers several strategies in his course so you can paper trade each one to find out which suits you best.
He also offers full email support to all customers in case there is anything you do not understand.
Have any of you been exposed to this program, heard feedback or better yet, taken the course? Forex Trading Machine / Avi Frister. What do you think about him and his forex trading systems? Send us your feedback by filling the form below.
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