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John
Chen's Profitable
Trend Forex System is, as you can probably guess, a trend-spotting
system that can allegedly make it easy for traders to cash in
on trends before the action happens - and cashing out before
it goes south.
Chen claims
that his system makes it possible for even a novice trader to
generate between 83 to 157 pips a week.
It's a similar
story and one that we've all heard before. What would make this
system a truly golden must-have is if it consistently identifies
trends considerably prior to their formation.
Question
is - does it actually predict trends prior to their real
movements?
Trend
Forex System At a Glance:
The
"box image" displayed above is the property of TrendForexSystem.com
and its respective owners.
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UBOmeter™
Rating
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Overall
Rating
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What's
UBOmeter™?
The
"UBO" in UBOmeter™ stands for UnBiased
Opinion. We determine the "UBO" score
by finding no less than 10 unsolicited, unbiased consumer
reviews of this product - found
on various forums, blog comments and other social media
properties. Opinions are only measured when the commentor
has no incentive as an affiliate or otherwise bias.
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What
It Claims to Do:
Trend
Forex System (TFS) allegedly spots profitable trends
a mile away, shows you when to initiate the trade flawlessly,
and then provides clear, formulaic instructions for exiting
the trade for maximum profit.
More
specifically, Chen confidently states that by using his approach,
it's possible to accurately determine whether or not a price
is going to trend, stall or reverse. He claims that this gives
the trader an inifintely profitable skill because he can then
enter the market just before the next "big" market
surge.
Technically
speaking, Trend
Forex System consists of a detailed blueprint in PDF format,
along with indicators & templates for MT4.
John
also claims to have never once had a losing month, and
states that earning figures like $4,900 in 7 days as an ordinary
trader is possible with TFS.
What
It Actually Does:
Trend
Forex System is in fact a solid and consistent trading system
that produces sound results for its users.
One
customer reported a 72% win-rate, although that was achieved
with a slighlty modified approach to Chen's methods, which may
explain the difference in results in comparison to the TFS
website.
The
overall backbone of TFS is to pick short term, over-bought &
over-sold swings is strong trending markets, which is a solid
strategy. Chen's money management system is on the conservative
side, but it's profitable and worthwhile.
The
only complaint that arose from some of the users was that there's
no Expert Advisor included to automatically create alerts for
predicted trends - only a custom indicator and a MT4 template.
Conclusion:
Trend
Forex System works very well and lives up to its promise - but
it's not an automated solution.
We
strongly recommend this system instead of most "black-box"
programs because of the educational aspect of spotting trends
(and the different types of trends), when to jump in
and out, and how to identify which trends to join - and which
to avoid...
Besides,
especially considering Chen's
8 week challenge (scroll down the
site), the worst-case scenario is that it doesn't work out
in your demo account and you get your money back.
And
more importantly - would rather use a system that makes NO
SENSE to you, but somehow just "works" - or would
you rather discover for yourself exactly how to identify your
own trends that will turn a profit almost every time?
The
"box image" displayed above is the property of TrendForexSystem.com
and its respective owners.
You
can download your own copy of Trend Forex System here >>
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