Product Review: Forex Renewal System

Barry let me test his Forex Renewal System so I could do another product review. I admit that I am impressed – this strategy is the real deal. I will share the basics but not give any details because then I would be giving the strategy away and I can’t do that.

This is a very simple support and resistance strategy that anyone can use. I tested it for two weeks and I was successful every day except for two days and on those days I had a break even trade and one loss for 10 pips.

Here are the key benefits.

* The strategy is profitable
* Easy to use
* Doesn’t take a lot of time

There are not many negatives here but I will mention them to do a fair and objective review.

Here are the negatives:

* Limited profits, some of my trade gains were small (I know, how can I complain, they were still profits)
* Limited time frame, you can only trade this strategy at a certain time

Overall this is a great strategy and I recommend it for traders that are looking for a profitable trading strategy. If you use a trading plan with good money management this strategy will be a winner for you.

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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  • Straight

    I would argue that the system is very subjective, and open to interpretation. There are rules as put forth by Barry, but they are not followed. One day a trade isn’t entered because a setup candle was over the limit in pips, the next day, it is entered – with the reason being “intuition”. The risk/reward is also out of whack. Barry claims to have over 500 winning trades in a row. I find that extremely hard to believe, when he doesn’t follow his own set of “rules”.

    The cost of this method isn’t a lot, so it’s not a big risk, but it’s not going to get you what you’re looking for in my opinion.