Product: Building Millions on Forex
Company: 5EMAS Forex Trading System.com
Company URL: http://5emas-forex-trading-system.com
Price: $97.00
Consumer: Forex Traders
The purpose of the 5EMAS Forex Trading System is to inform and instruct forex traders how to become a millionaire in only 2 years and starting with only $1,000.
Pros: Adam Burgoyne is the author of the Building Million on Forex - 5EMAS Forex Trading System. *Note: EMAs are Exponential Moving Averages. According to Mr. Burgoyne, "Building Millions on FOREX" covers the basics of the FOREX Market and explains, in detail, how to use this amazing system!”
The course lets you follow, in detail, the author's 5 EMAs FOREX trading system that will allow you to identify both entry and exit points with incredible accuracy. You will see the Money Management techniques that were developed especially for this system and how they will allow to you to earn millions on Forex.
This system has only recently been revealed! Screenshots illustrating actual trades prove this fact as almost all the example trades are recent. Depending upon the exit strategy selected, the system generates monthly returns of between 30% and 55%.
Cons: Is un-guarantee a word? According to the disclaimer posted on the website, “The fundamental concept is that you should NOT rely solely upon the information or opinions you read. Rather, you should use what you read as a starting point for doing independent research on market analysis, and trading methods. Then judge for yourself the merits of the material that has been shared in Building Millions on FOREX.”
Guarantee: The guarantee posted on the website reads in part, “If, after taking your time to study, digest and at least paper trade the amazing 5 EMAs FOREX SYSTEM™, you do not increase your ratio of winning trades, improve your market timing and make double the cost of this system in extra profits within the 8 week trial period, simply provide copies of your trading records (live or demo account) covering a minimum of 4 active weeks that prove the system hasn't worked and you may return the full system and bonuses for a full and courteous refund of every penny you paid to purchase the course.”
Value for money: The 5EMAS Forex Trading System appears to be a good value.
Where to buy: 5EMAS Forex Trading System
Thursday, June 7, 2007
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4 comments:
yes it is a great product and I am already making money .
Dollar likely to be range bound today
In what is probably the quietest day for economic releases since January 1st there have been just 2 reports in Asia and only two expected for the rest of the day.
U.K. House Prices saw a 13.2% YoY rise according to the Rightmove group with London seeing a +0.7% MoM rise while the rest of the country saw a +0.8% MoM rise. The numbers provide mixed information with the pace of rise still high but the slightly lower performance in the capital may well be just another sign that the momentum is beginning to slow. It will need more numbers to be released to force the BOE into a rate hike.
The Japanese government continues to maintain, as does the BOJ, that the economy continues its recovery even if industrial production has shown signs of weakness. However, the government has revised its outlook for personal consumption. The BOJ Fukui has said there is no difference between the CB and government’s views on the economy. I still find this somewhat confusing with the effective 10%-15% tax hike going through this year.
Greater confidence in the US economy and the rise in Treasury bond yields will provide further short-term dollar support with slow gains realistic. There will still be tough resistance to strong gains given the threat of underlying diversification away from the US currency. There is the potential for a further short-term correction in carry trades as volatility levels continue to rise.
Forex News
Source: Thomson Financial News
Kiwi dollar little affected by reports of RBNZ intervention
LONDON - The New Zealand dollar was little affected following reports that the Reserve Bank of New Zealand has again intervened to stem the currency's rise.
Analysts cited unsourced reports saying that the RBNZ intervened in currency markets again today. The move follows intervention a week ago, when the central bank argued that it had intervened in response to "unjustified" gains in the kiwi dollar.
The New Zealand dollar fell to a low of 0.7499 usd today. The losses were not significant, however, and the currency has since recovered close to the 0.7550 usd level, with analysts questioning the extent of the RBNZ's determination to stop the currency increasing, particularly after the recent hike in interest rates to 8 pct.
"If it (the RBNZ) is serious about capping the New Zealand dollar at sub-0.80 usd levels, it will probably need to accumulate FX reserves at a pace comparable to that of many emerging market nations," said Steve Pearson at HBOS. "It has the ability to do this but markets are currently questioning the desire," he said.
Losses have also been limited by the ongoing popularity of the carry trade, with the yen today hitting a new 15-year low against the New Zealand currency of 93.51 per kiwi dollar.
The carry trade is a high risk strategy where investors borrow in low-yielding currency in order to invest in higher-yielding currencies elsewhere. With Japanese interest rates as low as 0.50 pct, the yen is the most popular funding currency, while the kiwi dollar is often on the receiving end of these trades, as New Zealand has the highest interest rates of major developed countries.
"The hunt for yield is very much back on and to that extent RBNZ intervention to weaken the Kiwi has had little impact," said Peter Stoneham at Thomson IFR Markets.
At 11.51 am BST, the New Zealand dollar was trading at 0.7539 usd and at 93.01 yen.
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