Bob's Iaccino Forex Classroom Review

Personally, I don't care too much about that as I totally understand how people want to protect what little privacy they have left in the modern age. However, it is sometimes refreshing to review a course by someone who's not only known but extremely well known.

In this case, I am talking about Bob's Forex Classroom, an online interactive course by Bob Iaccino (pronounced Iachino).

Who is Bob Laccino 

Bob Iaccino is a well known, frequently interviewed trading and investment expert, not just in the Forex market, but it futures and stocks as well. He has appeared on numerous shows on various networks such as CNN, FOX News, speaking about the market, how traders are doing, and giving his opinion on financial issues of the day. He has even been quoted in the Wall Street Journal.

His personal story is just as impressive as his fame since he used to be a truck driver. Yes, a truck driver and practically learned the trading world by himself working as a trader until he achieved his current expert status. Now, he is going to teach a special course on Forex trading called: Bob's Forex Classroom

Here is a segment which he weighs on the weakness of the US Dollar:

What is Bob' Forex Classroom

 Bob Iaccino Forex classroom is an online interactive course which resembles a university more than the online courses or home study courses which you may be used to.

The course will start Dec. 7th 2009 and continue on for 6 weeks (Usually it's a 4 week course, but with the Holidays of Christmas and New Years in between, Bob's added review sessions to the normally 4 week program).

There are two levels of courses to choose from: Basic and Advanced. Students can take one course at a time or choose to take Basic one semester and Advanced in the next.

Each session is recorded Live, with real question and answer sessions following the lesson. After the lesson concludes, a recorded version IS uploaded to the member's area for downloading later. Students can choose to attend as many class times as they wish and also download as many class sessions as they wish.

So, you have an intercative course with 2 levels to cover experienced and novice traders. The biggest advantage is that you can ask Bob questions in real time and get answers immediately. Even if you miss a class, you can still watch it in your own free time.

Click here to read more about Bob's Forex Classroom

Pros and Cons

Pros:

• Bob Iaccino is a true and known expert
• This is an interactive live course
• You can watch recording of the lessons as many times as you want
• Has a money back guarantee
• You can ask questions and get answers is real time
• Covers everything from trading methods, through money and risk management, to trading psychology

Cons:

• The basic version is too basic for my taste (see syllabus below)
• This isn't the most expensive course I've seen but it will be out of the range of some traders which is always a pity

Click here to read more about Bob's Forex Classroom

Course Syllabus 

Let's go over the lessons and see what's in store in the basic and advanced classes of the course.

Advanced:

Session #1: Trading Into Space

In this opening session of the Advanced class, Bob teaches you what trading into space mean.

Session #2: Stop Discovery

Knowing the best price to place your stops is key to your success. This session shows you how to use the market condition you're trading in to discover the best stop levels.

Session #3: Trendline Theory Vs. Trendline Trading

Trends is the most common technical analysis pattern. This session shows how to use trends to your advantage.

Session #4: Double Tops and Double Bottoms

These are two well known formations in the market. Bob shows a unique way to take advantage of this formations to trade better.

Session #5: Wedges

Wedges occur when the market moves in a tight price range. It's often a sign of an upcoming breakout which can be used, if identified properly, to place high probability trades.

Session #6: The rest

Here Bob covers the rest of the common technical analysis formations and price patterns and shows which of them is effective and which isn't.

Session #7: Ignoring the "Noise"

There's no doubt that traders who want to expand their Forex knowledge have a problem of information overload in today's information saturated digital age. Bob shows how to filter out the useless info and use only the valuable.

Session #8: Trader Psychology

Many traders know enough to success but fail due to bad decision making and their emotional weakness. Here Bob tackles this crucial issue and helps you improve your trading psychology.

Click here to read more about Bob's Advanced Forex Classroom

Basic:

Session #1: What is Forex

This is an introduction lesson for novice traders which covers the Forex market in general terms.

Session #2: Basic Forex terms

Every field has its own language and Forex is no different. Learn about the basic terms of Forex and how to work with them.

Session #3: Types of account and picking a broker

Here Bob explains the different account types a trader can choose (Micro, Mini, Standard) and how to choose the right broker for you

Session #4: MetaTrader 4 Charting Software 

MT4 is the most popular (and free) charting and trading software in the world. Here Bob shows how to use this software to trade better.

Session #5: Types of Orders

There are many kinds of orders in Forex, from Take profit to Stop Loss. You need to know how to use them all together. This session covers that exactly.

Session #6: Order Entry

In this session Bob teaches his way of entering trades using MT4. You will learn how to control your risk using Bob's position sizing method.

Session #7: Candlestick Charts

This session covers Candlestick charting and how to use it to trade more efficiently and more accurately.

Session #8: Money Management

Money management is a key factor in your trading success. Not knowing money management may lead to crippling losses. This session deals exactly with this important factor.

Click here to read more about Bob's Basic Forex Classroom

In Conclusion

Bob's Forex Classroom is a course which can improve your trading skills. I particularly like the fact that it's an interactive course in which you can ask questions and get answers in real time. I believe this is an excellent benefit.

Bob Iaccino is an expert with massive knowledge. I believe that this course can be valuable for traders of all levels.

Click here to read more about Bob's Forex Classroom