The Forex Nitty Gritty Course by Bill Poulos is a complete program for Forex beginners – intermediates who wish to become independent traders.
Usually, Bill Poulos’s courses are marketed to the more experienced trader (and priced accordingly), so I’m glad he finally created this entry-level course because I highly respect his expertise and admire his knowledge.
But before I talk more about Bill Poulos and this course, I think you need to take a moment and learn the weird reason of why people lose money on Forex. It’s all in this video of a Weird Forex Story. The video will open in a new window. Check it out and then continue reading this review.
A few more facts about Bill Poulos: He has helped over 3,000 traders become independent and successful traders with his training so his teachings work. (Click here to read some testimonials – at the lower end of the page that will open)
However, this is a review of Forex Nitty Gritty and not of Bill Poulos, so I’ll get right to what this course is…
#1 Reason Why Traders Don’t Make Money
Before I get into what the ForexNittyGritty course includes, I want to talk about the main reason why so many Forex traders fail to make money.
The main reason is that they don’t know what to do. All their fundamentals are out of whack. Some of them are under the illusion that they know how to trade when in fact they really don’t.
Traders are swamped with too much useless information which can’t be sorted out, their inbox is filled with countless offers for automatic trading programs (most of which are bogus), and they just can’t tell what works and what doesn’t.
Click Here to See What Makes Traders Successful
The thing is that you need someone to show you the real way to trade the Forex market successfully. You need someone to show you from day 1 what you need to do and how to do it. You have to learn the following things:
- How to work with a trading method which always tells you what to do and never leaves you hanging.
- How to minimize risk, first and foremost.
- How to trade in a short time so that Forex doesn’t become a second JOB for you but a profitable hobby.
- How to profit when the market is going UP or DOWN
- How to identify and place high-probability trades to practically ensure long term profits.
All of this is really helping you become an independent trader, capable of profiting without the use of robots, tips, gadgets, and so on.
This is what the Forex Nitty Gritty course can help you do: it can help you become an independent trader.
Click Here to Become an Independent Trader
The Mistakes Forex Traders Make
The Forex Nitty Gritty course will help you eliminate the mistakes which make most Forex traders fail. There’s a reason why so many traders lose money. In fact, over 90% of them do. The reason is bad trading habits:
- Not knowing what information to follow
- Blindly following tips of so-called financial TV gurus (which helped tank our economy)
- Using useless robots
- Placing too many trades with high risk
- Never trading with a complete system
- Letting their emotions interfere with their decision making
These bad habits are shared by nearly all traders, so don’t feel bad about it. However, before your broker account is wiped out by bad trading, it’s time to cut through all the useless C.R.A.P and get the right kind of Forex Education from the ground up. Forex Nitty Gritty is that kind of education.
What Can You Learn From Forex Nitty Gritty
1. How to place only high-probability trades – Do this and you make your long term profits statistically ensured. Of course, you won’t win every trade, but this is the right way to make 4-5 digits monthly in the long run.
2. Trade with a step-by-step system – No more trading with complex systems which aren’t right for newbies or intermediates. This is a step-by-step trading method which you just can’t get wrong.
3. Prevent huge losses on any single trade – Many traders win more trades than they lose, but the trades they lose often cause them tremendous losses. You will learn how to NEVER let that happen to you.
4. Eliminate trading anxiety and tension – Once you have a trading method which is easy to use, doesn’t require much of your time, and one that you’re sure of, you will reduce your emotional anxiety close to nothing. This will also help you avoid emotional trading mistakes.
5. Trade in as little as 20 minutes each day - Don’t turn Forex into a second job when there’s no need to. You can make a great income with just 20 minutes of trading each day (only on the days you want to trade). This will give you more time to spend with your family, friends, or to pursue your interests.
6. Always know what to do – You will have a trading system that will never leave you guessing. You will always know what to do to capitalize on how the market runs.
Click Here to Become an Independent 20 minutes a day trader
Why is Forex Nitty Gritty so Good For Forex Newbies
When you’re just starting to trade Forex, or if you’ve already started but aren’t successful at it, you need someone to clear away all the useless information and present things in a clear, fast, and concise way that anyone can understand and put into use.
This is what Bill Poulos created here in the Forex Nitty Gritty course.
The entire course is delivered in easy to follow video tutorials which you can watch from any computer as they’re all online. You just login with your username and can watch them as often as you like at your own pace.
The course starts with the basic fundamentals of trading, goes through the actual mechanics of trading and takes you right up to the actual step-by-step trading system. It also teaches you how to develop the right mindset to eliminate trading anxiety and emotional mistakes.
Again, this is a course for the new-intermediate trader and not for the advanced one. However, this doesn’t mean that you can’t make a 4 digit Forex monthly income with what you learn here. You definitely can.
Click Here to See What Other People Say About Bill Poulos’s course
Overview of the Forex Nitty Gritty Course
The course is made up of the following DVD tutorials:
1. Overview – This is an overview of Forex basics. While most traders who’ve already been on the market for a while may find this a bit redundant, I still enjoyed this short review.
2. Forex Mechanics – This takes you deeper into the actual mechanics of Forex trading. It will teach you when’s the best time to trade for each currency pair, how to choose a broker, the right way to set trades, and so on. Don’t skip this part even if you’ve been trading a while. Even I learned a few new things from this tutorial.
3. Trading Mechanics – This tutorial goes into technical analysis and trading. This is really the first step in becoming an independent trader.
4. Trading Method key components – This tutorial will go into what makes a good trading method, how to avoid using bad ones, how to manage your risk, and so on.
5. Simple trading method – This is an example of a complete but simple trading method that any new-intermediary trader should have in his/her Forex arsenal. This can make you your first handsome profit on the market.
6. When Not to Trade – If one tutorial here can save you thousands of dollars, it’s this one. Knowing when not to trade is even more important than when to trade because big losses can wipe out a whole month of winning in an instant.
7. Taking it Further – You’re not going to be a beginner for long after you follow the Forex Nitty Gritty course. You will want to explore more advanced trading methods and concepts later on. This tutorial will show you how to do it so you’ll always keep improving as a trader.
8. In addition you will also get several guides on how to develop a killer Forex trading mindset, avoid emotional mistakes, and eliminate anxiety.
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Verdict
In my opinion, Forex Nitty Gritty is the finest entry level course I have seen. It’s concise, complete, to the point, and is delivered in the best way possible: video tutorials. The overall production of this course is excellent so the learning experience is fantastic.
This isn’t the most advanced course out there, but for good reason: before you jump into buying expensive systems, you need to have a firm grip on the fundamentals. With Forex Nitty Gritty, you will avoid costly beginner mistakes and be on your way to becoming an profitable and independent trader.
I highly recommend this course for any beginner-intermediary trader.
Click Here to read more about Forex Nitty Gritty
