Brian McAvoy from Inside Out Trading reviews the Forex Profits Accelerator course, weighing its quality and cost against your trading capital and risk tolerance. He warns against buying on impulse and stresses that the course only works if you actually commit to using it.
You. Hi, Brian McAvoy here with Inside Out Trading and I wanted to take just a minute to share a conversation with you that I had with a guy gave me a call. This was a few months ago, the last time Forex Profits Accelerator was opened up and made available to the public. And he called me up and he's like, hey, Brian, give me your real thoughts. I know what you said in your emails, but give me your real thoughts. Should I think about getting the Forex Profits Accelerator? I kind of chuckled and I said, well, let me put it this way, it is a good quality product. It is. It's very good quality, it's very professional, but it's also pretty darn expensive too. I said, here's the way I would approach it if I were you. If you could handle in any given month or any given week a $2,000 loss and be okay with that, it fits generally within your budgets and your risk management and your money management and you really want to get it and you'll put it to use. Sure, the quality of the product is there. My concern is, should you really be dropping $2,000? We talked for just a little bit and after a while he said, well, yeah, I'm doing okay, I could afford that. I could handle a $2,000 loss and be alright. I do that periodically from time to time. I've got six figures in my trading account, so yeah, I think I'll probably go ahead and get it now. The thing is, if your available capital right now is only say 10,000 or 20,000 dol, $2,000 is a pretty substantial chunk. If you're sitting on $100,000, two grand, that's only 2%. If all you've got right now available is $10,000, while $2,000 is 20%, that's a big chunk and it's going to be a fair amount to recover from. Again with the analogy that how about if it was just a loss that you incurred in your trading? So if you're thinking about the Forex Profit Accelerator, it is a very good course, has good support, very professional. Like I said, they give you good support. A full year of email support. Just like with a trade, if money wise it makes sense and you're looking at it as a potential loss. Part of the reason I caution you about this is a lot of people will get amped up about trading systems and they'll get them and they don't follow through with them, so they wind up collect the dust. Hence it's strictly a cost. It's not a good investment. Now if you are going to bite the bullet and go ahead and drop two grand for the course, just make sure that you put it to use and you do get the benefit out of it. If you are pretty if you're not 100% sure that you will do that and follow through with it, and especially if you're iffy about it, you probably get a refund. You might not follow through with it. I would really strongly caution you $2,000 is pretty substantial. Now if you're looking for some help as far as your entries and exits, you've been poking around different systems, haven't found what you wanted. I do know of a trader who has a daily newsletter available where he'll give you his trades. He's really good with Fibonacci. I've talked to several of his clients in conversations I've had with him about his product and they've been very pleased. The newsletter Like I said, if two grand is just not really practical for you to do it, it's not a good business decision. This might be a good alternative and I can let you know more about that. Just send me an email and I'll let you know more about that. Plus, I'll probably be making a note here pretty soon about his newsletter where he gives you his daily trade recommendations for the currency markets and forex. Anyway, I did want to take a minute to share this with you. It's easy to get caught up all hyped up and make an impulse purchase, but two grant is pretty substantial and I do want to look out for you and caution you a little bit about it. Don't just get worked up and fired up and then wind up regretting it later. I want to help protect you from from that. So anyway, if you got any other questions seriously, send me an email. Briannsideouttrading.com I'm here to help you out. Just let me know how I can. Thanks.
