Forex Confidante Forex Trading System Review

The 98 page manual is clearly written by someone close to the markets. For those new to trading it offers a great introduction to much of what the industry is about and how it works. Daily charts and 1 hour charts are used with Daily being the "anchor" and the hourly used for more precise analysis. The core of the system is Price action, Trend lines and Finonacci, so no "lagging" indicators. The system is quite mechanical with trades being placed around 13:30 UK local time. However, we didn't get/agree/understand (call it as you wish) the theory behind this system so never traded it in real-time.

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