Statistics show that over 90% of forex traders fail to consistently make money. Instead they let their profits run away from them. Many of these currency traders are not
equipped to trade the forex market. They lack sufficient knowledge of the forex market, do not possess
a good trading strategy, and do
not have the discipline to follow a trading plan. A good forex trading course, therefore, must thoroughly address these components in a manner
that is easily understood and easily followed.
Details of The Forex Income Engine 2.0
The Profits Run Forex Income Engine learning
series has been one of the more popular forex trading home study courses available on the net. It has recently been revamped and updated to revision 2.0. Bill Poulos,
the master trader and author of the forex self study course has added new content and more materials to the trading course.
In the Background and Overview section of the Forex Income Engine 2.0, Bill Poulos outlines the
details of what the student should expect to learn from the course. He also outlines his teaching method to ensure the
students will easily grasp the concepts. Bill Poulos introduces the 6 currency pairs that he deems to be best suited for trading using the Forex Income Engine 2.0 techniques and he provides detailed trading examples to demonstrate his strategies.
Bill Poulos teaches serious Risk Management tactics. In his Forex Income Engine 2.0 course, he teaches the student how
to incorporate risk management into everyday trading to ensure that the student is never unprotected while in a
trade. He also trains the student on how to leverage the 'free trade' situation.
The Forex Income Engine home study course also includes a Trading and Basics course for students who
are new to the Forex Market. Bill Poulos covers the key topics of currency trading including the forex "pair" defined, how to trade the forex pair,
how to master the technical indicators, how to properly leverage margin, recognizing high probability chart patterns and identifying market trends.
The Profits Run Forex Income Engine course places great emphasis on disciplined trading and "Emotional
Control". Poulos introduces the concept of Disciplined Trading and how to remove emotions from every trade. His
intent is to teach the student how to suppress emotional behaviors in trading to protect trading activities and to make better decisions when trading.
As a learning tool for intra-day trading in the currency market, Forex Income Engine introduces concepts in flexible trading
techniques that can be applied to the forex market in any timeframe and to take advantage of market conditions at any duration within the trading day. More specifically, Forex Income Engine actually teaches three different trading techniques to enable the student to maintain flexibility to trade under varying
conditions of the market:
1. The Ignition Method - introduces the student to short term trending scenarios in the market where
trades typically last no more than 6 trading periods. That is, if you are a 5-minute trader, then a trade using the
Ignition Method would last no more than 30-minutes. Likewise, a 1-minute trader can expect to be in and out of a
trade within a 6-minute timeframe using the strategies outlined in this method. The intent of this strategy is to
make 10-50 pips per trade with minimum risk exposure.
2. The Overdrive Method - introduces the student to scenarios in the market where prices tend to
consolidate, ultimately resulting in a breakout. Similar to the Ignition Method, duration of trades will last from 2-6
trading periods but profit targets are slightly higher (i.e. 25-100 pips per trade) while maintaining minimal risks.
3. The Spring Method - introduces the student to market scenarios that could potentially lead to trend reversals. Trading duration is typically no more than 6 bars with target profit potentials of 25-100 pips per trade.
In all three Profits Run forex trading strategies, Bill Poulos presents detailed steps in technical analysis to
recognize high probability chart patterns, to identify the proper timeframe and criteria to enter a trade, to formulate
an exit strategy for each trade and how to manage risk for each trade scenario. These trading methods can be applied to rising markets as well as falling markets to allow the trader to comfortably go LONG and SHORT-the-market.
Features of The Forex Income Engine 2.0
Complete with every Forex
Income Engine 2.0 kit is the set of templates that the student can use to plan and execute daily trades. These templates provide step-by-step
guidelines and criteria that the trader can follow to significantly increase the success rate of a particular trade. It also takes the guess work out of a
potential trade and minimizes the time spent by the student to learn a trading system. The goal of Bill Poulos's trading
blueprints is to enable the student to make successful trades with just 20-minutes to preparation per day.
Also part of the Forex Income Engine home study course is one entire year of technical support by Bill Poulos and his staff.
Poulos is well known in the industry for his attention to providing superior support to his students. The support team has a reputation of providing
prompt and detailed solutions to all issues encountered by students, including clarification of course content, forex trading setup, entry and exit
rules, and general trading inquiries.
Students of the Profits Run Forex Income Engine course also have access to the Bill Poulos' forex trading
member site where additional trading tutorials, videos, guidelines can be found. The member site is instrumental in
helping many of Bill Poulos' students accelerate their learning curve to eliminate even more time from charting
analysis and to be able to quickly identify the high potential trading pairs.
The Forex Income Engine home study course is 100% refundable. If for some reason the student is not
satisfied with the content of the trading course or is unable to make money using Bill Poulos' currency trading
education, the student will be reimbursed - no questions asked.
See other websites' reviews of the Forex
Income Engine 2.0:
Bill Poulos Forex Profits Run Income Engine 2.0 user
review.
Bill Poulos Profits Run Forex Income Engine Home Study Course review.