Forex Investing Product Review: “Launch Pad” from Forex Strategy Secrets
May 5, 2008 by Miranda Marquit
Filed under Finance
Every now and again, I get the opportunity to review great products and services. Recently, I took a look at Jump Start, a free video course on getting started in forex trading from Forex Strategy Secrets. Jump Start is a great program for beginners. But if you are looking to move beyond the basics and start developing a forex trading system, Launch Pad may be the way to go.
Launch Pad is a progressive forex trading video course, scheduled for release mid-month, that teaches you how to use indicators identify patterns on the currency market. I liked that the course provides clear directions, and includes plenty of visual illustrations. A beginner could use Launch Pad as a natural progression from Jump Start in developing a forex trading system (or plan) that works on an individual basis.
The Launch Pad forex trading course shows you how to set up your trading platform and how to use it, as well as sharing insightful and helpful tips and tools. In addition to the video training, includes tracker templates, a trading journal and a list of valuable forex resources. However, you could probably find the list of forex resources on your own. But it is nice touch to have them conveniently provided for you.
Now for the bad news: Unlike Jump Start, Launch Pad is not free. Forex Strategy Secrets isn’t releasing the cost of the course. However, Jed Norwood, a founder, says that there will be an introductory week that will offer a rather substantial discount. And Launch Pad comes with a 30-day money back guarantee.
I did enjoy the Launch Pad forex trading course, and I think that for someone who is serious about (and has the risk tolerance for) forex trading could greatly benefit from this course. It is one of the few complete courses I have seen that takes a beginner from the initial stages of forex trading through the development of a complete forex trading system. However, you should note that Forex Strategy Secrets is not a dealer, so you can’t actually access the currency market through this course. It merely shows you how you can develop your own forex trading system; you will have to find a dealer yourself.
Disclaimer and disclosure: Forex trading carries a large amount of risk. Carefully evaluate your risk tolerance before engaging in forex trading. Do your own research before purchasing any investment training course, or making investment decisions. I am not an investment professional — I am just an amateur on the currency market. I am not affiliated with Forex Strategy Secrets. They did not pay me for this review, although I received free access to Launch Pad for review purposes.
I’m a beginner in the Forex market. I’m not even sure if I’ll be investing in the market yet. I’ve toyed with the thought. I’m glad there’s stuff out there for beginners. I’m always a bit nervous to approach new stuff without a good recommendation.
I like the honest appraisal of this system. I always trust a little bit more a review from someone who didn’t receive compensation to share it.
Thanks Miranda for your evaluation of Jump Start & the Launch Pad program.
I’d look over Jump Start and other free forex trading tutorials, as well as do a great deal of research before getting into the forex market. Mainly because forex trading can be so risky (it’s an extremely volatile market right now). I’d make sure you have the risk tolerance for forex trading, and then buy the Launch Pad program only if you are serious about getting into the forex market.
What I want to comment first is that I like the review being put up here. As for the product itself, I have tested the beginner course which is the JumpStart course. Its free and anyone can start it off by just following their video lessons. Its the basic and foundation lessons that any new traders should learn. From trading system to psychology of a trader.
For those who want to start and are new, I recommend to start off with a demo account and be comfortable with what you are doing. Then you can move on to a micro account to feel the real live market trading which will affect your emotions for the first time. But no fret, with JumpStart, they will teach you to overcome that situations. LaunchPad is another great product I can’t wait to get my hands on. Then a latest product they release is Nth Degree. Alot more advanced and flexible for any kind of traders.