Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss
Product Description
Selective Forex Trading skillfully outlines author Don Snellgrove’s S90/Crossover: an independently verified technical indicator that has provided traders with the ability to achieve over 100 consecutive Forex trades without a single loss. Whether you’re a seasoned professional or just getting started, this approach—which is based on historical resistance and support points within a trading range—can assist you in entering and exiting positions for the great… More >>
Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss
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I just received this book and after 30 minutes, I’m worried I got ripped off. Do your research before you spend $50+. Don Snellgrove of Concorde Forex Group(CFG) and Forex Producers Group LLC. I did a quick search after the opening chapter mentioned his trading tools and sources, specifically CFGSmartCharts service. He mentions the ROI, G meter and stochastics, and that his CFGSmartCharts provide daily inner channel walls and extreme levels(?) automatically. So I looked up CFG.
Lots of forums talking about how they were scammed by the Snellgroves for $5500 courses that failed to provide. So I read the book a little more and read the followingabout his S90/Crossover “…there are four levels to the S90/Crossover procedure. The chapters that follow present the first two levels, as well as information regarding the associated extreme levels of the S90/Crossover, which I often use as entries as well as for profit targets. The last two levels are a bit more complicated, and I suggest, once again, to locate a certified mentor who has been properly trained to explain the more advanced levels of the S90/Crossover. You can find contact information for a certified mentor in the Resouce section of this book.” Oddly enough, 3 of the 4 resources listed are related to Don Snellgrove’s businesses, CFGTrading, CFG LLC, and Forex Producers.
I am a beginner in FOREX and only recently opened my first demo account. I may learn something from this book because I still have so much to learn, but I am very leery of a sales pitch on page 11.
Rating: 1 / 5
I have perused this book. I have many books on Forex and have been a Forex trader for several years. Like the review from Brad S. , I would proceed cautiously. The outset of this book targets novice traders.
The market often is a self-fulfilling prophecy where universal indicators such as Bollinger Bands and Fibonacci levels are respected. Who are really using the ROI indicator and G-meter outside the CFG camp ? A “Doji” candlestick pattern is often regarded across many markets as a “possible” reversal indicator – but what of CFG’s “twin peaks” candle patterns ?
We mere mortals cannot predict which way the markets will move. Therefore a sound trading plan would allow for the markets to move against our trades, which it often does, by our use of stop losses to protect our account. “Achieve Over 100 Trades in a Row Without a Loss” is not realistic [...]. Be leery where promises are made that you, the beginning trader, can walk away with big profits from the Forex market. This is a zero-sum market. If you won a trade, then someone else lost. Who are the “big money” traders that you are competing against ? Often they are veteran traders and banks that have their pulse on the news as it is released.
May I suggest learning about sound principles e.g. money management, technical analysis, economic releases that move the market e.g. interest rates, non-farm payrolls, Inflation indicators, etc..
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Rating: 1 / 5
I gave this book 1 star only because it wouldn’t let me give it zero. This book is a 50+ dollar advertisement for his companies. He mentions indicators that are only available through his charting service. I’m pretty easy going, if I get even one piece of useful information from a book I consider it worthwhile. Not this book, it is a RIP-OFF!
Rating: 1 / 5
The book is total dreck. Grove repeatedly tantalises the unsuspecting and unwary reader with supposedly instructive examples of how to apply his methods. Accompanied by numerous charts of currencies fluctuating against time. Each chart has the inline caption that includes “Courtesy of Concorde Forex Group Inc”. Which just happens to be the company that Grove is CEO of. Yet nowhere does he offer any objective documentation about the actual efficacy of the methods. There is much jargon, typical of the chartist field. “Uptrend”, “trend line”, “protective stop” etc.
The only, and I mean ONLY, (slightly) redeeming feature of the book is how he is careful to inject cautionary statements about how a reader’s actual performance in the market can vary. That is, you can and probably will, lose money.
As others have remarked, the book is overpriced, and is a smarmy come-on for you to sign up with his company for a much more expensive “education” in forex trading.
It is disappointing that Wiley published this book. Many of you might know Wiley as the reputable publisher of numerous non-fiction books. In computing, and for undergraduates and graduates in many academic fields. Including an extensive series of finance books. Most are of high calibre. Presumably, Wiley has experienced editors that can vet a potential book. Here, they failed.
Rating: 1 / 5
I am usually able to find something worthwhile in a book but this one was an exception. The book is full of unexplained terminologies and contains very little description of the indicators the methodology dwells upon. There is continuous reference to “using a mentor” to understand it better, which happens to be the author’s company if you want to use their techniques.
I never expected to achieve what the title promised but did not feel that the book contributed anything to what I already knew.
Rating: 1 / 5