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Learn How to make $1.5 million with $500 using Simple Wave Principles, by Emmanuel Chin
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This ebook contain information on how to use simple trading method, to allow you new traders & experience traders the easiest method to monitor the market direction and contain a secret strategy to make money with small startup resources.
This method uses very simple wave principles technique. Anyone can learn and use it to make money from the currency market, stocks and commodities.
- Sales Rank: #1881076 in eBooks
- Published on: 2010-06-04
- Released on: 2010-06-04
- Format: Kindle eBook
Most helpful customer reviews
0 of 0 people found the following review helpful.
Big on Potential, Short on Proof
By Charles A. Floyd, II
Simply put, the book offers a solid and unique system that offers tremendous possibilities, but also has some drawbacks that limit the type of trader that would use and trade the method.
The method is based on swing trading. Using specific indicators, you basically wait for the indis to line up, and you take a position. The author also offers a "trading plan", on how to achieve great targeted trading results, but does not offer part performance stats as proof the method can work.
Further, one would need to trade extremely small lots or huge leverage with the plan, as US residents are limited to 50:1, the plan cannot work on the MT4 platform- I tried it.
Finally, there are quite a few assumptions the author makes about the traders that trade his method. Some are:
1. The trader knows the correct order type and entry point.
2. The trader knows when to get out.
This method has great potential to work, and if the right trader uses it, it WILL work, but you will need to either add some alert indicators, to signal the perfect setup, or be able to sit in front of the screen and wait. Also, you will need to modify the trading plan to fit the US rules and regs.
What would make this book great?
1. Historical trades.
2. Specific entry and exit information.
3. A solid step by step plan.
I recognize the cost of the book is low, and that many are not willing to invest the best time and effort, but if you are going to publish a method, make sure that it leaves no questions for the reader. That will go a long way for repeat sales and trust. After all, $1 is still $1 and represents a portion of the readers life that cannot be recouped, and suggests a measure of trust and expectation.
Charles A. Floyd, II CTA, CPO
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