Welcome to 5EMAs Forex System review page!
Firstly a few words on what is meant by EMA. EMA is an acronym for exponential moving averages. The EMA in simple terms is a smoothed representation of current market activity. It indicates how major trends influence market behavior. For example an EMA could tell you if the forex market was moving up or down at the moment of your analysis.
The 5EMA’s trading system comprises of 3 separate trading systems plus bonuses.
This software is designed for the intra day trader. It works in a very simple way and that is by catching the pullbacks within the intra-day trends.
The manual provided along with the product covers the basics of forex trading plus the details of the 5EMA’s forex trading system. The manual is written well and the system itself is based on sound trading principles.
The 5EMAs forex system costs just $97 with an eight week money back guarantee if you are not satisfied.
The 5EMA’s trading system doesn’t actually use 5EMAs on your chart, so actually you won’t need 5EMA’s software to trade it.
As explained earlier, what the system does is that it first catches on to the pullbacks within the intraday trends. Then it simply opens the trades and latches on to that pullback trend to its logical completion. This is coupled with a very good trade management process.
One of the key features of this software is that it specifies when you shouldn’t be making a trade even though a trade alert may have been signaled.
Most of the systems tell you how to make an entry at an exact price level. You miss that exact entry price and you end up missing everything. In that case you simply have to forego that trade. But this is not so with the 5EMA’s system. Using this system you can still make an entry a few pips late and that could end up as a good trade too. This displays the high quality of the 5EMA’s trading set up.
The success of the system can be attributed to:
The package comes along with the 5EMA’s Alert Expert Advisor.
What does this do?
It simply alerts you to a potential trade coming up. What this means is that, you have to look at the charts only if there is a signal. It surely saves your time. You can do things around your computer and the moment you hear a trade alert being signaled, just get back to the computer and look at the charts. In other words, the Expert Advisor always keeps working in the background.
Then the package has the scalping system which helps you scalp extra pips using the 5EMA’s trading system. This helps you increase your trading profits by scalping for additional pips while using 5EMA’s system.
The Trader BO Divergence course, apart from being a standalone trading system helps you to manage your trades when you use the 5EMAs forex trading system.
The 5EMA’s trading system is the right one for you if you want to learn how to day-trade with a semi-mechanical system. Apart from that it gives you adequate forex education and tells you how to use basic technical indicators so that you can cobble up a unique entry system with a high probability of winning in forex markets. One of the main problems is that, it doesn’t display a contact page unless you become a registered buyer and login.
All said and done, this trading system just like other systems out there is meant for a trader who has reasonable experience in forex trading.