Forexwealth.com, any good?

[traderwarrior]

I am thinking of taking the www.forexwealth.com mentoring program, and wanted to know if anyone else had and what results they had achieved.

Thanks

[WRR]

traderwarrior:

I do not know of forexwealth.com but I visited their web site and it appears that they are affiliated with CFG. You can search CFG on MoneyTec but there is very little info that I can see.

Here is the link to CFG.

http://www.cfgtrading.com/

Another one of their licensees who offers courses is

http://www.forexteamwork.com/

I have not taken any of their courses as they seem too expensive and as I understand it, you must continue to pay for their data feed to trade their method after you take the course. Maybe it works but it is an expensive way to find out.

Try reading all of the beginner forums then trying a few of the systems on MoneyTec which is all free.

Search under Bunnygirl (wma cross) , nettx (strategy I use and #3 combo), ninjabucket (ninja stocher) or gfxtrader (Moneymaker) for some well explained systems.

Good luck.

WRR

[united46]

Tradewarrior

There are several people in this forum who have taken cfg courses. Everyone I have " spoken" to says they are nice guys etc etc. I myself have spoken to a few of the mentors and I have mixed impressions.

What I can say for sure is that none of the people who have done the course that I have spoken to are trading sucessfully. Don't take this the wrong way. Most are not even trading at all, except demo accounts. That is not reality.

I agree with your ET comments on the UK mentor. If you are new to trading, I think it will be worthwhile to do a course as long as you can stick to the methods taught and give yourself time to learn.

Whilst I agree with many comments that there are good systems etc on this board for free the problem as I see it ( and as I experienced it) is that you could spend a lot of time trying different methods trying to find the best one with the best win ratio , lowest drawdowns etc. It is doesn't work straight away, you move onto something else and never truly learn the intricasies of a method.

Learn one method, learn money management, learn discipline and don't bet to big initially and you should be successful.

Kind Regards and the very best of luck to you.

DUFC