Summary: Sort of outside the brief of my robots review site - except for one thing; he talks a lot about expert advisors. Forex Confidante is like a mentoring come training course. From the reviews below, it is clear he is willing to spend hours on the phone with you going through his material, and your trades. Seems he loves to teach. Date of Post: 2009-02-17 Review: I was a trader at the Chicago Board of Trade and Chicago Board Options Exchange for more than a decade. I had not made a trade since I left the floor in 1988 and had no interest in trading.
I purchased the Forex Confidante online on 2/15/09. From the first page it was obvious that this was written by an experienced professional trader. Memories of being a trader flooded into my head. The stories Tom shares are incredibly similar to ones that I had experienced first hand. Tom presents a winning system. The system will prove to be extremely reliable and successful if it is adhered to.
As in any system the operator is the dimension that must be watched. The "Golden Rules" are integral to success. Violate any one of the rules and you will pay dearly. Tom has provided the rules, obey them!!!
This system is a highly disciplined, well planned system. It stresses conservative trading using set parameters. The undisciplined trader will have a challenge. The disciplined trader will meet with success. The "Golden Rules" alone are worth much more than the cost of the book. Much, Much more!
This system is like leaning golf from Tiger Woods. Even if all Tiger did was teach you his mental approach to the game. Tom is teaching you his mental approach to trading in addition to everything else contained in the book.
This is not a "Get Rich Quick" scheme! It will take hard work, study, discipline and the desire to learn. I am getting back into trading after 20 years because I have found the roadmap to success. It took 20 years of being away from trading and only two nights of staying up all night reading Tom's book to know I have found the Holy Grail.
This is for real but it is not without effort. Put in the work and you will be successful. Tom, thank you for sharing your knowledge and getting me excited to get up everyday again. You are "The Greatest."
Take Care,
Ken
PS I had not heard of Tom before I bought the book. Date of Post: 2009-02-12 Review: This is a couple of strategies described in an ebook. The claims on the homepage about it being written by a super trader who used to work for major banks, judging by the book, seem to be true. The book is full of lingo and side notes that I would assume only a top trader from big banks would know.
The strategies are a little complicated yet workable if you are willing to put in the effort. But the author does an average job at best of teaching the information through written word and graphs. If I were to implement his trading strategy based on the book alone I would probably end up pulling my hair out in frustration because of the lack of detail and loose ends left in the descriptions. However, for an additional $67, you can purchase videos that supposedly show his trading screen as he works the system. I did not purchase these videos.
And I may have, IF, the whole system were not based around being infront of your charts at 8:30 am NY time. The system literally decides what moves will be made based off of the price action between 8:30 and 9:00. Unfortunately I leave my house every day for work at that exact time.
In the end I requested a refund through Click Bank. I have not traded the system, but I do not think it is a scam, but the book leaves a little to be desired. But based on the contents of the book, I do think that if you were able to understand and execute the system as well as the author, you would probably be able to have consistent positive results.
If I had a slightly different work schedule, and if the author ran a trading room (even at only twice per week at $200 a month) using the system, I would definately take the time to learn it properly. Date of Post: 2009-02-15 Review: Tried nearly all the Forex Robots, give me a break, such garbage. I was determined not to spend any more money on Forex but I'm so glad I did. Here is the Pot of Gold that you have all been waiting for, I have done all the hard work for you, wasted all the money and proved the Robots to be False Gods. Turned my demo account of $5000 into an account of $273 with Robots. So listen to Tom, read his stuff, learn the system and find financial freedom. This is a no-brainer; if you want it all, here it is. Date of Post: 2009-02-23 Review: I nearly did not purchase this e-book because of the button pushing ad copy on the site. I bought the book anyway and thought there is 'No way' this is for real. On a lark I decided to try the 8:30 method a timeframe that works perfect for me.
This one easy procedure has doubled my daily profits. I only target 25 pips a day so this is a huge deal for me. 6 of 6 days I get at least 20 pips on this one method, Today was 80.
The book is not an easy read but based on my results last week, I re-read the book over the weekend and watched the videos. I mailed the author a page full of questions and he sent me his personal phone number.
This morning I found a classic setup described in his book. I entered the trade and it was good for 125 pips. I called Tom excited, wanting to know if I entered the trade correctly. He spent an hour with me on the phone reviewing everything and giving me market insight only an insider would know.
This book is a sleeper and worth much more than the price. Date of Post: 2009-03-01 Review: After reading the book I naturally had some questions, Tom was more than helpfull even giving his phone number and then we had a 3 hour skype chat !! this is unheard of, he is a passionate forex trader that really wants to help. His system really works, which also aims for the bigger moves, I acheived 120 pips in one day on 2 trades ! Thank you Tom! Date of Post: 2009-03-03 Review: The basic system is extremely easy to understand and accomplish. This is the first book I have read that actually discusses the importance of a money management system and details how to do it. If you read deep enough in the book you will learn how to trade succesfully at any time of the day or night utilizing a very succesfull breakout strategy. I have read the book at least 15 times and am quite confident in my approach to trading now. When I have questions Tom is quick to answer. I managed to blow 90% of my trading account trying to trade some other methods. In the last two days I have managed to make 112 pips which is a far cry from losing every day. Thank you Tom
Conclusion
Not much comment I can make here as these reviews are not mine and I have not seen the materials or training of Forex Confidante. I do note that the reviews above are genuine as they come from many registered users of a very busy anti-scam consumer advocate forum. Of course your purchase is protected by Clickbanks no questions asked 60 day money back gurantee, so by all means try it and get a refund if you are not happy. $97.
by Phil Jarvie
http://forex-robots-reviewed.info/forex-robot-reviews/forex-confidante.php
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