Review of the Forex Combo System
This Article is an Independent Review of the the Forex Combo System created FXautomater.
Forex-Combo is an Automated Trading System for MetaTrader 4, and one of respected services out there. They seem to work well in many market conditions.
Forex-Combo declares that "no trading experience is required." While on its face this sounds ridiculous, most likely what they are trying to emphasize is that thier trading system is so simple that you don't need experience in order to trade with it. And yet, in the end, you do need some basic knowledge.
They also claim that trading with Combo Profit System will not require a lot of time. In other words: you won't need to sit in front of your computer all day. "Just take a few minutes to use our system and software to get your own signals."
After 6 months of trading, I can peacfully say that Forex-Combo are profitable, I can even say that they are highly profitable.
You can get some Live Proofs here: https://www.myfxbook.com/portfolio/forex-combo-system/41297
The System works with 3 entirely autonomous robots with 3 unique systems and different styles of trading.
The ebook detailing this forex trading system is split into three sections, the first being an introduction. In the introduction, he explains candlesticks, chart patterns, pivot points, and technical indicators. It's a sufficient overview but nothing exceptional that you can't find elsewhere for free.
The second section covers money management and trading psychology. He explains stop losses, moving stops, and winning trader psychology. However, there's nothing explicit about position sizing in his material and only six pages which explain the most important topic for beginning traders: how to control risk.
The last section details his combo system which uses a combination of moving averages, technical indicators, candlesticks, and fibonacci projection. If as he states, this system is targeted at people who have no trading experience, it yet requires discretionary trading based on determining trends from older time frames, candlestick analysis, fibonacci projections, fibonacci retracements, and chart patterns. These are all subjects which someone off the street who has never traded forex before might have a hard time digesting.
Overall, the information for using this system is all gathered together in one place thus saving the user time and effort in trapsing around the internet to gatherthis information together from free sources. Though much of the information in David's ebook canbe had if you're willing to research iton the internet, it may be well worth the price of the ebook just to have it all collated together in one convenient placefor study.
While
the Combo System is not perfect in its presentation, BUT it worth the price considering that there is a support system in place for newcomers to take advantage of when they need the help in understanding how to use the system. One user has reported "quick and clear answers" coming from the support team. So in the end, this may well be an overriding factorto take into consideration when taking the decision of whether or not to purchase this forex trading system.
Total Score: 8.9
Review of the Forex Combo System
By: John
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