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Forex Trading Machine Review (by Avi Frister)

July 6th, 2007 · No Comments

Forex Trading Machine eBook Cover

Forex Trading Machine is a forex trading course put together by Avi Frister, who has been trading the forex markets for 11 years and counting.

What’s the buzz about Forex Trading Machine?

The main strategies in the course are the three forex trading systems that are driven by price action only. It contains ONE Swing Trading System (the Forex Cash Cow), and TWO intraday trading systems (the Forex Runner and the Flip & Go).

The strategies in the course are truly 1-2-3, or in the words of Avi Frister, when A = B, then do C! I believe he uses the term “Mechanical Trading”.

The Forex Cash Cow Trading System

The Forex Cash Cow trading system is designed to jump on a longer term trend once a trend has been established. The Forex Cash Cow trading system was designed to trade the GBPUSD pair because of certain tendencies for the GBPUSD to move certain distances over specific time periods.

The profit target for the Forex Cash Cow is pre-set to 100 pips on the GBPUSD, which means a successful trade with ONE standard contract would plonk a nice chunk of change into your trading account.

One standard contract = USD$1,000.

For an idea of what a Forex Cash Cow trade would look like, click on the thumbnail below:


Forex Cash Cow Trade Example#1

As you can see, you may have to wait a little for your profit target to be hit, but with the trading rules included all you have to do is just wait for the market to do its thing. Most of the time, the profit target is hit within the next day.

The Forex Cash Cow trade doesn’t set up too often, perhaps 1 - 2 times a month, which would be great for you if you don’t have that much time to sit in front of your computer.

It’s a simple enough system, and Avi Frister has now updated his training materials with videos for you if you’re more of the visual/audio rather than the reading type.

And for traders who are a little more advanced, he includes certain ideas and tools with which you could use to increase the potential profits on the trade, as well as improving your trade selection.

The Forex Runner

The Forex Runner is an intraday trading system, better suited for you if you have the time to sit down in front of a computer. That’s one of the great things about forex trading. No matter where you are in the world, the market will be open 24 hours a day for the trading week.

It’s used to exploit the daily ranges of the major currency pairs, and you’ll enter a trade only when specific criteria have been met. Again, it’s a mechanical trading system that has a 1-2-3 step by step trade identification.

Specific entry rules, specific exit rules. No guessing, no indicators, nada. It’s designed for “Hit and Run” trades, i.e. Identify fast, enter fast and profit fast!

The Forex Runner was built to be a consistent trading method, where you trade pairs that are trending up or down intraday. Take a look at the following chart for an idea of what a Forex Runner trade looks like.


Forex Runner Trade Example #1

And yes, that’s about as much indicators you need on your chart to trade the Forex Runner (which is none).

The Flip & Go Strategy

The Flip & Go Strategy is designed more to capture a large move right at the beginning of the trend. With the Flip & Go, you are trading a “special behavior” that the EURUSD pair has.

As with all the trading systems provided by Avi Frister, each step is explained clearly and comes together with worksheets to make sure you understand the system even before you place a live trade.

For an idea of the Flip & Go Strategy, click on the thumbnail below:


Flip and Go Trade Example #3

See how the trade catches the beginning of the trend? That’s what the Flip & Go Strategy is designed to do.

Summary

The Forex Trading Machine course is built on trading price, with no indicators of any sort involved. There are various other bonuses that Avi Frister puts together for purchasing the course, so you’ll have to check out the Forex Trading Machine page for them.

One of the defining characteristics of the Forex Trading Machine’s trading systems is using a basic principle of having bigger wins than the losses you would eventually take. Even if you traded on a 50/50 win:loss ratio, you’d still end up profitable.

Do the trades win all the time? Of course not. But together with money management and emotion free trading, it’s a potentially strong winning combination.

To find out more about the Forex Trading Machine Price Driven Forex Trading Course, click on the link below:

Visit Forex Trading Machine

Till then, Wishing you Good Trading!

Tags: Forex Trading Systems

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