This articles is about a new forex course that has garnered a lot of attention lately. It is called Trading In The Buff. The idea behind the course is to teach traders about the concepts of price action. He teaches the method by recommending to all traders that they should get rid of their indicators that they are used to using when trading the forex market.
The course focuses on using price action to spot trends, counter trends, support & resistance, which can be used to predict solid entry positions and the ability to forecast future price movements. The course really focuses on original material, which is a bidg departure from most of the stuff that you get online. Unfortunately with much of the stuff being sold about forex trading, there does tend be some overlapping. As a matter of fact, sometimes it's just blatantly the same material over and over again.
But that isn't the case with Trading In The Buff. There is nothing in the material that I have seen any where else. You can tell that the developer really created this idea, instead of copycatting somebody else's system. There was real in-depth analysis. The course is gone over in incredible detail. The developer, John Templeton really emphasizes every point as he wants to make sure everybody can understand it.
The entire course is presented in an orderly, step by step manner. After all the chapters in the book are read, there is a corresponding video which you watch that delves deeper into the concepts of the respective chapter. It' also very unique in that you also get to learn about the fundamentals. I think the problem with some price action methods, its that many traders can't really explain to others why exactly it works. To give you an example, look at trading candlestick patterns. In this case, you are really just memorizing. You memorize patterns like dojis, but you don't really understand the underlying reason of why it works.
However, you don't have to worry about that with Trading In The Buff. The course does an excellent job explaining the fundamental reasons why these price action patterns work, and most importantly why they work. It's explained in such a way that anybody can follow along. It doesn't matter if you are a newbie or a veteran trader.
Another thing I like about the course is how simple it is. I find that many forex trading methods are almost purposely complicated. For example, take a look at Eliot Waves. On the other hand, though there are many trading methods that are so simple, it's almost insulting, like moving average crossovers. Trading In The Buff fall somewhere right in the middle. It's simple, but it also provide a lot of depth, which is a lot more than I can say for most courses.
They also have excellent customer service. I had a problem grasping one of the concepts of the course and I emailed support about it, and as a surprise to me, I got a reply within the hour with a very well detailed answer to my question. What was even more impressive was that it came from John Templeton, himself. He actually answers his own emails. It's nice to see that, nowadays.
And lastly it just works. Let's face it. That's what it all comes down to, doesn't it? Being a person who has traded indicators for most of his life, I never really gave much thought to what can be found simply by looking at the price. Except for recognizing generic patterns like head and shoulder, double tops and double bottoms, etc.. But I was really stunned as to all the valuable information that was available to me just by looking at a simple bar chart. Now I can't even look at a chart and not notice it. My eyes automatically can scan the price movement and find great entries and exits. - 20767
The course focuses on using price action to spot trends, counter trends, support & resistance, which can be used to predict solid entry positions and the ability to forecast future price movements. The course really focuses on original material, which is a bidg departure from most of the stuff that you get online. Unfortunately with much of the stuff being sold about forex trading, there does tend be some overlapping. As a matter of fact, sometimes it's just blatantly the same material over and over again.
But that isn't the case with Trading In The Buff. There is nothing in the material that I have seen any where else. You can tell that the developer really created this idea, instead of copycatting somebody else's system. There was real in-depth analysis. The course is gone over in incredible detail. The developer, John Templeton really emphasizes every point as he wants to make sure everybody can understand it.
The entire course is presented in an orderly, step by step manner. After all the chapters in the book are read, there is a corresponding video which you watch that delves deeper into the concepts of the respective chapter. It' also very unique in that you also get to learn about the fundamentals. I think the problem with some price action methods, its that many traders can't really explain to others why exactly it works. To give you an example, look at trading candlestick patterns. In this case, you are really just memorizing. You memorize patterns like dojis, but you don't really understand the underlying reason of why it works.
However, you don't have to worry about that with Trading In The Buff. The course does an excellent job explaining the fundamental reasons why these price action patterns work, and most importantly why they work. It's explained in such a way that anybody can follow along. It doesn't matter if you are a newbie or a veteran trader.
Another thing I like about the course is how simple it is. I find that many forex trading methods are almost purposely complicated. For example, take a look at Eliot Waves. On the other hand, though there are many trading methods that are so simple, it's almost insulting, like moving average crossovers. Trading In The Buff fall somewhere right in the middle. It's simple, but it also provide a lot of depth, which is a lot more than I can say for most courses.
They also have excellent customer service. I had a problem grasping one of the concepts of the course and I emailed support about it, and as a surprise to me, I got a reply within the hour with a very well detailed answer to my question. What was even more impressive was that it came from John Templeton, himself. He actually answers his own emails. It's nice to see that, nowadays.
And lastly it just works. Let's face it. That's what it all comes down to, doesn't it? Being a person who has traded indicators for most of his life, I never really gave much thought to what can be found simply by looking at the price. Except for recognizing generic patterns like head and shoulder, double tops and double bottoms, etc.. But I was really stunned as to all the valuable information that was available to me just by looking at a simple bar chart. Now I can't even look at a chart and not notice it. My eyes automatically can scan the price movement and find great entries and exits. - 20767
0 comments:
Post a Comment