The Forex Income Engine Product Review

Release date: December 9th, 2008

Limited quantities are available.

30-year trading mentor Bill Poulos is about to release a brand new intra-day trading course for the Forex markets. We had an opportunity to get a preview of this course and wanted to share our findings.

First and foremost, ANY trading method needs to adhere to simple rules, including:

- It must be a complete method, teaching you potential trade setups, when and how to enter and exit the market.

- It must be clear and easy to follow.

- It must have specific risk management rules.

Second, ANY trading method should also be simple enough to utilize with the key platforms broker’s make available for trading the Forex, otherwise, you’re limited in how accessible the method is for use.

We’re pleased with how Forex Income Engine stacks up based on those criteria.

The course provides extensive training on the basics of Forex, making it accessible to people who have never traded currencies before, and the more intricate elements of Forex are a terrific refresher for traders who have experience in trading currencies.

We found Forex Income Engine met our criteria and here’s what we found:

1. It is a complete method, with setup conditions, entry rules, initial stop rules, and exit strategy rules, leaving no decision to chance.
2. It includes specific risk management, money management, and portfolio management guidelines.
3. It is based on technical analysis, but it must not be a 100% mechanical system.
4. It provides a way to trade in as little as 20 minutes a day and not force you to stare at your computer for hours.

Based on those four reasons, we found the Forex Income Engine makes Forex trading accessible to everyone, regardless of how much or little they want to trade. Add in the fact that the method teaches you how to trade at ANY TIME of day and it becomes much more powerful than most other methods we have seen.

Here are the 4 key reasons why we like the Forex Income Engine for ANY Trading style:

1. It’s SIMPLE to implement, so the likelihood of making mistakes drops dramatically…
2. It’s FLEXIBLE in that you can choose any timeframe you’re comfortable with. If you only can trade during lunchtime, then you can choose 5 or 10-minute bars and get back to your day. Or, if you have the whole day off, maybe you want to look at 30 or 60-minute bars. The choice is yours…
3. It’s EASY to get started, because you can begin trading with as little as a $500 account when you use “mini lots”. But this is only possible because of my unique risk management rules that prevent your account from getting “wiped out”.
4. It’s a COMPLETE method that automatically manages risk and puts the odds in your favor every time you trade, while identifying frequent trade setups, again and again.

The tendency of most traders who are new to Forex (and some who have been around the block a few times) is to over-complicate things.

They want to use (or misuse, really) too many indicators and patterns, and think that to be successful, complexity is required in a good trading method. Nothing could be further from the truth.

Here are the top three reasons why we believe simple is better when it comes to trading:

Using too many or the wrong indicators is counterproductive, as the information that those indicators provide is counterintuitive and just plain misleading.

Using a few simple indicators in a uniquely powerful, uncommon way can provide the right information necessary to make good trading decisions.

With the right indicators and patterns, you will be far more likely to trade with discipline because you will be able to understand an objective set of rules that the right indicators and patterns can provide.

We found the method taught in Forex Income Engine blows away most other methods. It teaches you specific setup conditions to look for before entering a trade; shows you precisely where and when to enter a trade; where to put protective stops and when and how to exit the trade.

Bill teaches it step by step – and his teaching style, which we found to be one of the highlights of the course, makes it easy to follow.

We want to make clear what the Forex Income Engine is NOT:

This course is NOT a get rich quick scheme. We don’t believe in get rich quick schemes, and neither should you. While you can potentially make a lot of money day trading Forex, you need to be a serious-minded individual and put the time into studying and applying the method you learn in this course.

This course is NOT a “black box” system that makes all the decisions for you. Instead, YOU learn to make all the decisions so you have all the power and knowledge that can impact your future - forever.

This course is NOT a definitive reference guide on all aspects of Forex trading, trading indicators, and every nuance of trading. No useless theory or “filler”, this course is “lean & mean” and only includes what you need to know to be able to quickly and efficiently increase your profit potential by day trading Forex.

In fact, what impressed us so much about this method, was Bill’s willingness to show both typical setups and live trade examples (he actually does one trade while he’s eating lunch!). The live trade examples were a significant motivator for us to review this course positively – very few so-called ‘gurus’ put their words to actions. Bill is one those teachers who does.

Overall, we rate the Forex Income Engine as a MUST HAVE course. If you want the freedom to trade when YOU want to trade, to start with a smaller account size, to have the flexibility to trade quickly and protect yourself with what Bill calls his “risk shield” – then this is the course you’ll want to consider.

You can check out the FREE training Bill provided to over 70,000 traders right here and get an idea of the style and depth of education he gives all of his students right here:

CLICK HERE FOR FREE FOREX TRADING LESSONS
Watch each of the free videos he provides; we think you’ll agree that this is some of the best FREE training you can get on the web and it’s just a glimpse into what you’ll get with the Forex Income Engine.

Here’s an overview of the course materials and what you’ll receive:

CD-ROM #1: Background, Overview & Trading Examples

(82:51 minutes)

This module covers the Forex Income Engine background and structure, what to expect, the basics of the methods that will be covered, and a whole lot more. It concludes with a lengthy review of some actual Forex charts to give you a feel for what it’s like to trade the four methods taught in the course.

Here’s what you’ll discover on this CD-ROM:

• The top 6 Forex pairs Bill recommends trading that can give you the most “bang for your buck”.
• “The Dirty Forex Secret” about unreliable brokers and so-called “gurus” promising to make you rich.
• Great expectations, and what you can expect to accomplish in the course.
• Detailed trading examples that instantly immerse you in the Forex Income Engine trading experience. You’ll dive right in even before studying the details of the method so you can get a feel for what it’s like.
• An interactive quiz to test your comprehension of the materials.

Click here to see a preview

CD-ROM #2: Trading Rules

(148:50 minutes)

This module covers all the trading rules and examples for the Forex Income Engine method, including the indicators, trading method basics, setup conditions, entry rules, follow-up stops, and exit strategy.

In this lesson, you will learn:

• How to look at any chart and find the setup conditions using Bill’s step-by-step formulas that will identify a potentially profitable trading opportunity.
• Where to place your entry point for any trade in order to maximize profits.
• How to capitalize on sudden market movements when a position goes against you to turn an otherwise losing trade into a net winner.
• The exact point to place your protective stop orders. Hint: It’s where you DON’T expect the market to go.
• How to exit a trade and take profits with your choice of an aggressive or conservative strategy on both the long and short side.
• An interactive quiz to test your comprehension of the materials.

Click here to see preview

CD-ROM #3: Detailed Trade Examples Review

(191:10 minutes)

An in-depth analysis and review of trade examples using the Forex Income Engine method to help solidify your understanding.

You’ll be well on your way to become a master independent trader after reviewing this module a few times.

Here’s some of what’s covered in this tutorial:

• A step-by-step, detailed “dissection” of dozens of trades, leaving nothing to chance.
• Multi-part review of trades using all 6 major Forex pairs.
• How to manage trades for multiple timeframes, so you can tailor your trading to your schedule.
• An interactive quiz to test your comprehension of the materials.

Click here to see a preview

CD-ROM #4: Forex Brokers, Charting

Software & Trading Platform

(45:33 minutes)

This module shows you how to choose a good broker by reviewing the Forex Broker Selection Criteria Scorecard. Then, you see how some actual trading and charting software works and how easy it is to trade with it.

On this CD-ROM, you’ll discover:

• The 10 criteria you can use to find and evaluate a good Forex broker to make sure you only trade with the best.
• Real world trading examples using broker-supplied charting and trading software.
• A complete, live “lunchtime” trade Bill made during lunch to show you how quickly you can get in and out of trades, no matter how busy your day is.
• An interactive quiz to test your comprehension of the materials.

Click here to see a preview

CD-ROM #5: Risk Management & Discipline

(22:27 minutes)

This module covers the critical concepts of risk management, discipline and psychology. Bill talks about position sizing, eventual experiences you’ll have trading, and how to personalize your trading style.

Here you’ll find out:

• How proper risk management can turn an otherwise losing method into a winning one.
• My ultra-easy risk management formula to determine the specific size of every trade you place. It’s so simple even an 8th grader could do it.
• 3 specific eventual experiences to watch out for when you trade that could seriously damage your portfolio, and how to avoid them every time.
• An interactive quiz to test your comprehension of the materials.

BONUS CD-ROM: Forex & Trading Basics

(48:01 minutes)

If you’re just getting started, or want a refresher, this bonus module covers the basics of forex trading and technical trading that will be used throughout the program. If you’re already experienced, you can probably skip this module. However, reinforcement is always a good thing, so we encourage everyone to watch this at least once.

Includes a detailed Forex overview, quotes, leverage & margin, profit & loss, order types, moving averages, trends, indicators, support & resistance, and much more.

In this lesson, you will learn:

• A brief overview of the Forex markets - what they are, and how they work. Just enough so you can trade effectively. There is NO boring theory or history lessons here.
• How to quickly read Forex quotes as if you were already a pro.
• The importance of leverage and margin and how it can impact your trading.
• How to precisely calculate profit and loss for all your trades.
• The various order types you’ll be using with the Forex Income Engine method.
• A general overview of technical analysis basics, including price bars, trends, time periods, indicators, paper trading, and a lot more.

Click here to see a preview

Forex Income Engine Reference Manual

This 103-page reference manual contains full color charts and slides from every CD-ROM video tutorial in the course.

This makes it extremely easy to quickly and effortlessly reference what you just learned. Each section corresponds to a CD-ROM.

We recommend you watch the CD-ROMs first, and then review your understanding of the material by spending some time with the reference manual.

This also makes a great reference if you’re traveling or don’t have ready access to a computer.

The 3 Trading Blueprints

In our opinion, these 3 trading blueprints are as close to the “Holy Grail” of trading the Forex markets as you can get.

Why do we say that? Because they contain all of the step-by-step trading rules for the Forex Income Engine method.

After you are comfortable with the material taught in the CD-ROM tutorials and the reference manual, you’ll want to refer to these blueprints again and again until the trading rules are fused into your brain.

Also included is a Trade Position Blueprint that helps you figure out how much to risk per trade, along with a simple way to keep track of the key numbers you’ll use during each trade you place.

The Quick Start Guide

It can be “pleasantly overwhelming” (as one of my students once said) when you tear open your copy of the Forex Income Engine when it lands on your doorstep. After all, there’s a LOT of stuff in the big white box it ships in.

That’s why Bill prepared this special 12-page Quick Start Guide to show you how to go about studying and learning the Forex Income Engine “experience” in the most efficient manner possible.

This guide also includes some basic technical information to help ensure you’re able to seamlessly access all the video lessons on the CD-ROMs.

1 Year Of Unlimited Student Email Support

Earlier last year, Bill invested a lot of money in setting up a professional student support website and hiring and training a full time support staff.

Members Website

In keeping with Bill’s commitment to provide continuous and ongoing student support, you get immediate access to the Forex Income Engine members website.

This exclusive resource is reserved only for Forex Income Engine students. From time to time, and in response to your questions and requests, HE will often release extra “surprise” bonus videos and resources that he’ll archive in a special section of the website called “The Pip Vault”. They will all be available on this website for you, along with other exclusive recommended trading resources to help you succeed in the markets.