FXCM Forex FX Power course review

So I thought it was about time I checked out the Forex market just to see if I could realistically make any money from it. Forex is the foreign currency exchange market which is widely regarded as very volatile and risky but also very profitable.

I came across the FXCM Power course which at the time was on sale for $20. I thought what the heck and gave it a shot.

The online ten day course is actually quite good and worth the twenty bucks I paid. I found out all about forex, how it works, the strategies, and the risks. The course is forum-based, so you basically read through a message board type forum which is split into several chapters, one for each day.

You can watch videos, take quiz exams and ask the instructors questions. Yes, there are real instructors there watching the students progress throughout the course. You also get trial access to a test forex trading account, so you can actually make trades on the forex market practicing your newly acquired skills.

So how did I get on with it? Well, if the course was supposed to convince me to sign up for a real fxcm account, then I guess it failed. It taught me a lot about the forex market bit in the end I have decided I will  not be pursuing a forex venture.

At the end of the day, you are looking at a candlestick on a chart. Let's say the US/UK market. At any point in time, that candle will either go up (a strengthening dollar against the pound) or down (a weakening dollar against a strengthening pound).

Nobody really knows which way the candle will go at any point in time. So you are really making a 50-50 bet in the final analysis. Even in a long trend (a slope going down or up) short term trades are always risky, if you zoom right into the chart to say every 15 minutes, the candles are usually going up and down a bit like the British weather.


Daily trading however, which involves trading in stocks and shares rather than foreign currency is much LESS volatile and a LOT more predictable. To get a REAL profitable advantage in daily market trading, check out this site.

There is also a very cool trading indicator tool available which you may want to use before you make any daily trades. Check out the videos here.