Fx Bootcamp Review 2007

I originally posted this reviews on an independent forex review site in 2007, whilst I was still a member of FxBootcamp. I was not likely to be too critical as I was still a member! I did not renew my annual subscription as I felt it was time to go it alone.

5 Stars 2007-11-13  I have just come to the end of a year with bootcamp and am now in that very small group of traders (5%) who didn't blow their account and actually managed, with their help, to make a profit. so was it worth it for me, you bet ! I started when wayne was teaching and I accept some of the comments on here re his presentational style are true, but it is the SUBSTANCE that is important. does wayne trade ? i don´t know, but he is a very good analyst and i have found his teaching to be very good.
For me the site improved dramatically when they increased the number of hours coached and introduced some of the members as coaches. Chris stephens does the london session now and i find that the guy is awesome and I KNOW that he is a trader. Before I joined bootcamp I had spent many 1000´s of $'s on dvd courses books etc, some were of help and most were a complete waste of money, but all were talking about what happened in the past.

Bootcamp is live and although they don't give specific trade signals, once you get to know the nuances of the tutors, you don´t have to be a rocket scientist to know what they are getting at. The other thing is that you have 80+ traders in the room at one time, some of whom have been there for a while and again their input is very helpful for the newer members. Lets face it, trading forex can be a lonely and often boring past-time whilst waiting & planning for movement. To be surrounded by good coaches and other like minded individuals can be very rewarding. If you want someone to tell you what to do and when, then this is not for you, but if you truly want to learn how to become an independent, skilled forex trader and you have the determination to succeed then I would not hesitate to recommend bootcamp. Annual membership works out at a ridiculously small amount per week for 12 hours live trading per day. For a peek at what they do, follow their "you tube" videos. For some that may be enough.

2007-06-03 5 Stars i have been trading forex for 18 months now. the 1st few months i bought various books and one VERY expensive course from an english guy, that got me started but was of limited value as the daily reviews were all historical; ie "yesterday if you had done this, you would have made this many pips". i soon realised that ANYONE can tell you what you should have done.

I started with fx bootcamp in november 2006 on a months trial subscription, but within a few days upgraded to an annual membership. the site is educational but its greatest asset is that it is in real time; ie they are looking at what one should do if this happens (and why). i notice one of the critics on this site is not happy that wayne mc donald is not trading the new york session now, but he has appointed chris stephens to do the london session. for me that is a giant step forward as often the big moves have happened before new york opens and for me, chris is equally as good. but as an added bonus has now given for free an extra 12 hours a day of live, real time coaches !

I find it difficult to understand how this can be a step backwards. sure some of the time the guys are having to "fill time" cos lets face it lots of time there is nothing happening in forex, but they should also be praised for keeping you out of trades by doing something silly (we have all been there)? since joining bootcamp i have started to make consistant profits, which was my aim. anyone wishing to try it out can look for free on you tube and or sign up with fx street for a free webinar that wayne mc donald does for non-farm payrolls. do i recommend fx bootcamp ? absolutely. will i re-new my membership in november? sure. in some ways i have outgrown some of their strategies and use my own, but i get at least one good trade a week (and usually more) that my strategy doesn´t pick up. and most importantly i make a profit on my subscription ! for me thats all i can ask of a service.