Friday, November 6, 2009

Hectortrader Forex Course Review

Hectortrader -The Ultimate Trend Exploiting Weapon?

I spend a lot of time reading reviews of Forex products online and I am mostly disappointed by what I find..but this wasn’t the case when I read about the Hectortrader Forex Trading Course. I have seen many real reviews from users of this course and have yet to find a single negative comment about it online. So what is the Hectortrader course all about and why are Hector’s customers raving so much about it ? I decided to buy the course and find out for myself.

One of the most common phrases in Forex trading is that “The Trend is Your Friend” and it is a widely accepted fact that trading with the trend is the most effective way of maximizing your profits and increasing the probability of your trading setups. The Hectortrader Forex Trading Course teaches you a simple, but very accurate way of identifying and trading with the trend in the Forex markets.

At first glance the price tag of $197 seems quite expensive, but as soon as you log in to the member area you quickly realize that this product should in fact be much more expensive, because similar products normally sell for $1500 or more. The Hectortrader Forex Trading Course consists of 17 hours of live trading videos where Hector teaches you his exact trading methods down to the finest details. You also receive a number of custom indicators developed specifically for this system, as well as one on one email support from Hector himself.

One great thing about this product is that Hector offers the first chapter of the course free of charge, so you can get a good taste for the quality of the material before making a decision to buy the whole course. Chapter 1 is all about analyzing and identifying the trend using his very effective 3SMA technique and it contains a lot of great information that you can use even if you don’t decide to purchase the rest of the course.

Click Here to Get the First Chapter of the Hectortrader Course For Free

What Does the Hectortrader Course Consist Of?

8 Full Chapters of Training

These 8 chapters cover everything you must know to trade Forex successfully using the Hectotrader method: finding high probability setups, identifying entry signals, optimum stop loss and target levels, money management rules, and much more. Each chapter consist of a number of training videos, as well as a manual that guides you through the material.

The Trend Scanning Custom Indicator

This custom indicator is really a fantastic trading tool that helps you to implement the Hectortrader method with less effort. While chapter 1 teaches you how to identify a good trend in great detail, it can also be time consuming to go through all the different currencies and time frames to search for good setups.

The trend scanning indicator makes it easy for you to quickly identify which currencies are trending and in which time frames, so searching for good trends only takes a couple of minutes. See the sample image of the custom indicator to the right ========>

Additional Indicators and Tools

In addition to the trend scanning indicator above, the course also include another 5 custom indicators specifically developed for the Hectortrader method, as well as spreadsheets to help you with money management, trade plans and tracking your progress. The custom indicators are all written for the Metatrader platform, which can be downloaded for free.

Click Here to Get the First Chapter of the Hectortrader Course For Free

Is the Hectortrader Method Profitable?

I have only just finished working through the whole course and I haven’t had enough time to do any real testing, but one doesn’t have to be an expert to see that this is a very sound trading method. The Hectortrader Forex Trading Course is all about trading with the trend and using price action to determine exact entry and exit levels, which is widely known as one of the most effective ways to trade Forex. Hector’s 3SMA method of identifying a good trend is one of the best techniques I have seen so far and I have no doubt that this is a very profitable method.

Conclusions and Recommendations

I have reviewed many Forex products in my time as a trader and I can safely say that the Hectortrader Forex Trading Course is one of the best Forex products I have ever come across, if not the best. Hector’s methods do require you to spend some time in front of the charts, so if this does not appeal to you then perhaps a product like 10 Minute Forex Wealth Builder that only requires 10 minutes a day is more suited to you, but if you want to learn how to really become a professional Forex trader, then this is definitely the product for you. Overall I rate the Hectortrader course very highly and definitely recommend that you check out the free chapter as soon as possible.

Click Here to Visit Hectortrader and Get the First Chapter For Free

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