You may have heard about various Forex trading systems that are available. What about 5 EMAs Forex Trading System? What’s it all about and is it worth buying? Let’s take a look…
Product Name: 5 EMAs Forex System
Owner: Adam Burgoyne
Recommended? Only if you have spare money to play with
First of all, what is Forex trading?
If you type that question into Google you get this result from Wikipedia:
So, if you are doing Forex trading, your goal is to exchange between currencies in a way that gives you a profit. It’s similar to trading in stocks and shares in that you have to be able to spot patterns and predict when the best time to buy and sell are.
For me, this is what I find scary. It is a very risky way to make money. Sure, there is the chance you can make a lot of money, but there is also the chance you could LOSE a lot of money. In fact, the Forex market is the most volatile trading market that exists!
This is where the 5 EMAs Forex Trading System comes in…
It is a method of predicting market movements, and has the potential to turn a thousand dollars into a million dollars. The problem is, not many people have a thousand dollars to invest.
Anyway, this claims to be an accurate formula which has been developed by a professional Forex trader and fund manager and was only recently released to the public.
The big difference in this system is that, instead of triggering trades when moves are nearly over, it is able to accurate catch them when they begin.
Are the bonuses really bonuses?
One thing that seems funny to me here is the 3 “bonuses” that are listed on the sales page. These are:
- 5EMAs Alert custom indicator
- 5EMAs Advanced Module
- 5EMAs Successful Trading Guide
I can understand #2 being considered a bonus because it contains advanced techniques. However, #1 and #3 seem like they are essential. The alert custom indicator is a special piece of software that alerts you when trading opportunities occur. It seems like this would be important if you want to know when to trade. As for the “Successful Trading Guide”, it seems like a successful trading guide is an essential part of learning to be successful at trading, right?
A “Completey Risk-Free Purchase”?
Near the bottom of the 5 EMAs sales page, there is a section about an 8-week challenge. It says that if you spend a minimum of 4 weeks trading in either a demo or live account, and don’t make a profit, you can get a refund.
The problem here is that you will only get the price of the 5 EMAs Forex Trading System refunded. If you spend that time trading with a live account and you lose money, you won’t get that lost money back, only the $97 you spend on 5 EMAs.
Okay, I know that it’s possible to use a demo account in that time, but some people will probably jump straight into a live account; so to say that it’s risk-free is not true. Also, I am a bit suspicious that a demo account might not be a true representation of what would happen in a live account, but I have no evidence to back up that suspicion.
Is 5 EMAs Worth Buying?
If you have some money to spare to try this out, it could be worth a shot. However, if you are worried about risking your money, it might be best to stay away.
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I hope you found this article about 5 EMAs Forex Trading System helpful and informative. Of course, if you have any comments or questions, please post them in the comments section below and I will reply as soon as I can.
All the best,
P.S. Have you seen this FX Trading Advisor?