Is Forex Income Engine 2.0 Worth the Price?

Day trading if often the most challenging form of trading there is because you need to place so many trades and to keep track of them all. No wonder that so many day traders lose most if not all of their money.

The Forex Income Engine 2.0 course, which was created by veteran trader Bill Poulos claims to be able to help you avoid that sad fate and to give you the tools necessary to be a highly profitable day trader and still have as much free time as you like. The only question is: does it work and is it worth the price?

Click here for Some Trade Examples

Disclosure: I got a review copy of this course for free. However, my review is of my own opinion and I got this review copy without making any promises to supply a favorable review.

Key Concepts of Forex Income Engine 2.0

There is one true fact about Forex systems and it is that a system must have several attributes for it to be profitable and convenient to use for a long time by traders of all levels.

1. The system must be complete which means that there must be clear and easy to follow setup guidelines, entry rules, and exit guidelines. Basically, you need to be able to make a quick decision about whether or not to trade and how to trade in any market condition.

2. The system must employ careful risk management. The first key in Forex is not to lose. Only later comes the idea of making a profit. This is why any system which focuses on winning and not on minimizing losses should be avoided.

3. The system has to be easy to use and not take up too much of your time. This is true even if you're a day trader. You need to be able to make decisions fast before the market changes on you and you need to be able to decide how many hours you're going to spend trading. After all, Forex shouldn't be like a second job.

Many systems which are sold today fail in one or more of these 3 criteria. I believe that Bill Poulos has done a good job in making sure that Forex Income Engine 2.0 does not fail in any of them.

Click here to read some Testimonials about this system

Let's see how Forex Income Engie 2.0 deals with each of these 3 criteria:

1. Forex Income Engine includes 3 trading methods for various market conditions. Each of the 3 system has specific setup rules, and entry and exit guidelines including stop loss and take profit specifications. You simply have to follow the guidelines and they will show you exactly when you place a trade and when not to and when to exit the market afterwards.

2. One of the DVDs in the Forex Income Engine package deals specifically with risk management. This is considered to be the area of expertise of Bill Poulos and so you can expect to have the finest advice on how to manage your trades to reduce risk.

3. All the trading methods in this system use just 4 technical indicators.  This means that the execution process is very simple and fast. You can spend as much or as little time on trading as you wish. You will still be able to trade even if you spend 20 minutes each day on your trading.

3 Trading Methods

Bill Poulos includes 3 trading methods in this system. Each method is separate but they also flow pretty easily one into the other so that you can use them all in a single session. Let's review these methods one by one:

Ignition Method

Often when the market trends, there are short anti-trend movement which delay the market's continued trending. This is what the Ignition method is for, to capture profit from these short anti-trend shifts.

The module which teaches the Ignition Method is 98 minutes long (I watched it all, it runs pretty fast) and it's extensive.

The profit potential is 10-50 pips over 5 bars in any time frame.

Click here to see some Ignition Method Examples

Overdrive Method

Sometimes, when the market begins to trend, the initial trend is slow and weak and only later does it begin to get momentum. This is what the Overdrive method is for, to recognize these initial slow trends when they begin to happen and to capture their wild movements when they begin to run.

 This video module is about 60 minutes long and it covers everything: setup, entry, and exit guidelines with detailed examples for an up and down market.

Profit potential: 100-300 pips over 5 bars.

Click here to see some Overdrive Method Examples

Spring Method

This method deals with counter-trends movements in the market which can be both fast and big. You will learn to capitalize on these movements while using carefully laid out risk management guidelines.

Profit potential is 30-100 pips over a 5 bar chart in any time frame.

Although each of these methods can be used separately, one of the modules in the Forex Income Engine 2.0 course shows how to use them together as one seamless method. By the time you're done with this module, you'll be able to smoothly move from one method to the other.

Click here to see some Spring Method Examples

Other Modules

In addition to the video modules which teach the 3 trading methods, you will also have a module about risk management and one on how to choose the right broker, work with the best charting software and so on.

Risk Management is particularly important as it can help you to save thousands of dollars by itself. Remember, the first key is not to lose. Only later comes profit.

What you get and Forex Income Engine 2.0:

– 7 CDs + In-depth Manual – perfect for self-paced learning

– Teaches 3 unique methods to trade forex

– Provides detailed video trade analysis

– Essential tools for intra-day trading

– Multi-part Forex basics course (included)

– Specific risk management learning segment

– Technical Analysis “Basic Training”

– Charting software and broker platform overview

– Profit “Blueprints” for easy trade planning

 In addition, you also get 1 year of unlimited support from Bill Poulos and additional training material during that year.

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In Conclusion

I realize that the price of Forex Income Engine 2.0 is high, but I believe that it's worth it. This is a high level course and you can definitely learn a lot from it.

I believe that these 3 trading methods, simple as they are, can help you generate a great deal of profit from the market. In addition, you can learn how to minimize your risk and reduce your losses which over time will be worth thousands of dollars.

Bill Poulos's teaching is second to none. I believe that Forex Income Engine 2.0 is well worth the price. 

Click here to read more about Forex Income Engine