As a novice trader, I was looking for forex education on the net and looking to buy a course and found one that is perfect for beginners. It is easy to understand, easy to apply and generates benefits. Let’s check it out.
The first thing I liked about the course was that it wasn’t just a sequence of numbers or an equation, but it explained the logic behind the numbers and told me why and how patterns develop. Anyone who wants to buy the course gets 2 free PDFs (you don’t even have to give your email), which I thought was safe: the author obviously thinks people will come back! And after reading all 60 pages I can see why.
The PDFs were written so that traders know exactly what it takes to become a successful trader. The first explained the mindset you need to be successful and the second why most traders lose. These are simply two of the best trading psychology PDFs I have ever read and tempted me to purchase the course. When I got the course, I read it; it is also easy to understand and is simply based on support, resistance and price speed, to enter time; hence its name, The Velocity Breakout System or VBM for short.
The main theme of the course is that you need to trade using valid support and resistance, but you cannot predict whether the levels will hold or break; if he does, he is waiting and if he waits or guesses, he will lose. Course is important in trading price momentum – if price momentum supports the setup, trade, if it doesn’t, forget it.
Works?
I found that I made good profits overall and made 57% equity in my account in 4 months, in 3 trades, so it worked for me and I am confident in using it. A word of caution with the course is that it is not suited to traders who like action. VBM setups only happen a few times a month, but as the course says, the goal is to make money and that doesn’t depend on frequent trading.
Also, it’s up to you to set your money management parameters and this is simple but results will vary. Note that this is not just a sequence of numbers that you apply blindly, you customize the basics the way you want, according to your trading personality and risk tolerance. All in all, it is easy to understand and apply, all the logic is fully explained and it is a great system for beginners and traders who want to take a system and make it their own.
As the course points out, you don’t make money unless you understand the logic and from this understanding flows confidence and discipline and these traits, as we all know, are essential to success. I had many systems and tried them but never stuck with them as they were sequences of numbers and I had no confidence – the key to VBM is that you understand the logic and that gives you the confidence to follow the system.
Another great thing I liked about the course was that even before I purchased it and downloaded the initial PDF files, my queries were answered quickly and in great detail. The reason for this is that the guys who wrote the course are marketers, NOT just e-book sellers. What I loved was the weekly daily and special situation reports that the guys post on the website. They show what they’re doing and help you spot the setups for two months for free, which I thought was a nice touch and helped me get into the system.
The reports were easy to understand and the setups clear and as I followed them the guys also mentioned the big trends and obviously made money. All in all, if you want a great course that is easy to understand and cost effective then VBM is a good start and unlike many other courses it doesn’t claim to be successful, that’s up to you. – As the authors say, we will give you the tools, but you must pick them up and use them. I have and made huge profits and highly recommend this course.
One last point: Get the free PDFs, even if you don’t buy the course, there’s a great giveaway and you can download them without giving an email or any of your details.