Rating: 3.5/5 stars
Price: $97
Proclaimed trader John Chen is the creator of Profitable Trend Forex System. In his promo literature he claims to have never had a single losing month using this forex trading system which he has developed. While this is far from being an unbiased assessment of his trading method, if true it may speak more to his own unique talents and trading knowledge developed in long years of forex trading experience than it does of his system in general, and therefore may not be something that everyone – especially newcomers – should expect to achieve. Yet, with practice and trading experience, anyone could reasonably expect to develop this same or similar talents and trading knowledge.
That said, although the system claims to be simple and easy to follow, one trader found it to be "rather time-consuming" for his tastes. On a scale of ten with ten being the highest proficiency, he rated Profitable Trend to be a five out of ten in terms of "ease of use." Consider that this is coming from someone who has experience trading the forex market and presumably knows some of the ins and outs of using trading systems.
One thing that John admits is that his system is only 70-75% accurate, which seems reasonable enough considering some of the hype that has been thrown around on other sales pages. The refreshing nature of this admission, though, is somewhat deflated by the claim that "on average each winner is twice as large as each unsuccessful trade." It is almost as though he is trying to have it both ways. And while it may be a comforting thought for the reader to consider, better yet would have been to have provided some proof or explanation of why this is the case. Without such explanation, this appears to be a gratuitous assertion.
John points out that there are two crucial things that any successful trader using his system needs to do: 1) Identify the trend and 2) Join the trend with precise timing. He says that his system will help any trader to do exactly these two things. And according to one source, it does a more than adequate job at identifying trends while being "easy to understand." The system "gives clear entry and exit rules and can be applied to all time frames and all currency pairs, futures, stocks, and indices." He verifies that the system takes a person step-by-step through the process, showing you when to join the trend and when to exit.
One plus for this forex trading system is its support, which has been praised by several users. To his credit, John is a believer in on-going education and support, which is why each purchase comes with: 1) detailed system descriptions and instructions on how and when to enter and exit a trade; 2) All indicators used in the system; 3) charts with commentary so that you can understand the reasoning behind the setups; and 4) unlimited support via e-mail. Email support (which are one-on-one) have proven to be promptly answered within 24 hours. Also, users can expect to receive free updates to the system as they are regularly released. So there are no hidden or on-going additional costs once the system has been purchased.
In addition, Profitable Trend Forex System also includes advanced money management rules. If learned and taken seriously, these rules could save the trader from financial ruin, preventing unnecessary losses.
If you would like to check out some of John's advice to see how it may compare with other information you may have gathered, he does offer through his website a free "Special Report" on forex trading which is available through email. Just click on a link to his site in this review and sign up to begin receiving the report.
Many of those who have used the Profitable Trend System have verified that it can and does help you to make a profit in your trading. From this standpoint, then, it may be considered a valid and successful system if properly followed and implemented. Whether or not it will accomplish all that the prospective user expects of it may only be a matter of personal choice and ability at trading the markets. In the end, one's own abilities using the system take precedence in deciding its long range capabilities to produce sustainable profits.
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