Tradeonix Pro System Review by Tradeology

Tradeonix Pro Review

If you have a look around the many Forex websites, forums, discussion groups and social media, it seems like everyone's making stacks of money trading currencies. The thing is, many traders love to talk about their winning trades and make themselves out to be wildly profitable traders, however reality is that only 5% of Forex traders are consistently making money. Yes, even a beginner can make money in Forex trading, but there's a big difference between making money short-term, and earning a steady income long-term.

That said, if you can find a trading system that works, you can overcome the biggest challenges any trader faces when trading Forex. You'll be able to gain valuable market experience, and most importantly make money trading currencies. Since there is a great deal of unpredictability involved, guaranteeing anything in this market is next to impossible.

This is where Tradeonix Pro comes into play. The formation of Tradeology, an South African web-based service offering a range of products designed to improve trading performance, including an indicator-based signals service, the Tradeonix Pro trading system was created to help traders improve their trading results in the Foreign exchange market.

Does it really work? A detailed review of this system will help analyze its effectiveness.

What is Tradeonix Pro?

Tradeonix Pro Forex
Tradeonix Pro is an indicator-based signals system that includes educational manuals and training videos. It is formulated from the decades of experience that has earned Tradeology their status as one of the world's leading Forex experts.

They combine experience with various scientific principles and statistical models to create a truly unique way of trading.

The program is comprised of two parts, the first part is the training section which is where you will learn about TPS, what it is, and most importantly - how it is executed. The second section includes the automated custom indicators tracking software.

The First Section of the system is the training materials. This is an area where Tradeology the system maker excels. In the training section, you get all of the information and training videos that you need to learn all about how to use the system and especially how the system works in practice.

The course structure has been well laid out, making it relatively simple to go through. After reading the first several pages of the manual, you will then be ready to begin watching the important training videos.

The videos are practical and start with the basics of Forex trading. They eventually run through the automated software and teach you how to read the system's generated signals. This allows you to understand the system and its trade calls confidently. The video series finishes with advanced techniques and webinars.

The Second Section contains the automated tracking indicators that are fully customizable to meet your needs. This software will teach you to recognize potentially lucrative trades by analyzing important Forex signals in real time. Signals provide entry and exit point for trades as they are generated by the automated program analyzing the real time Forex charts. Early system trials have shown that it is user friendly and intuitive to understand.

The lesson plans is well defined and easy to follow. Simply read the first few pages of the manual, and then start watching the tutorial videos. They will start with the basics of Forex, then they will familiarize you with the included automated software, and then they will finish with advanced techniques and webinars.

You read the manual as you progress through the video training sessions and by the end – you will be ready to trade.



The Company Behind Tradeonix Pro

Tradeology



IMPORTANT TRADING POINTS:

► You don't get rewarded for trading frequently, in fact the opposite is true. If you trade a lot, you will trade low odds trades and lose. If you want to win, focus on the big moves which yield the big profits and you will make more money with less effort.

► Trading with Discipline is Hard! While anyone can learn a system, the real battle for any trader is applying it with discipline and while it may sound easy, its not. It's hard to trade with discipline, your emotions undermine your confidence and you deviate from your plan. The reason 95% of traders lose today and will lose in a 100 years time is because human nature is constant.

► You need to control your emotions and most traders cannot do this, if you can you will win, don't control them and you will lose money. The key to success is to cut losses and do so quickly. The market will give you a losses, but so long as there small, you will also get some big trades which give you profits.

► Take good care of leverage. One of the basic rules of Forex trading is manage your leverage amount very carefully. You may get tempted to leverage 10 to 20 times the amount of money you have in your account, but this should be avoided at all costs. Everyone knows that larger the amount leveraged, larger is the risk of loss and the debt arising from it. The best traders never leverage more than twice the amount they have in their account.

► Get a good Forex Broker. This is the aspect that is ignored by almost all traders, but an expert trader knows that this is one thing that matters a lot and can be controlled. The correct way to choose a Forex broker is by the task of research. Never choose a Forex broker because of the fact that he or she is providing you with some incentives. Always try to look into the working policies of a broker before choosing to invest with him or her. Choose a broker who is compatible with your style of trading.

► Avoid large trades. Instead of focusing on a single large trade, one should try to play it safe by investing into many small trades. This will reduce the risk of you losing all your money in case a trade goes wrong. Also smaller trades can generate better profits than a single large trade, this is because of the fact that for a small trade you may not be afraid of losing money and can hence put it in the market for a longer time, whereas for a large trade you would try to get your money out of the market at the slightest change in currency value in order to avoid any major loss.

► Be confident. Confident is a very big factor when it comes to Forex trading. If you are not confident about your decisions, then you are not going to make profit. You should try to have faith in your abilities and should never get pressured into taking decisions that you would not like to take. Confidence can improve your ability to take risks and thus give you more profit.



Does the Tradeonix Pro System Actually Work?

To be totally honest, this product is still new so I can't give you an definite answer to this question. I can say that early reports from more seasoned traders are overwhelmingly positive.

My Setup and Initial Results

I installed the indicators, watched the videos, and ran a simple trading experiment. I attached one indicator on two JPY based pairs, USD/JPY and AUD/JPY, and monitored the signals given around the clock for an entire week. I attached another indicator on two USD based pairs with European currencies, the EUR/USD and GBP/USD, and monitored the signals given from 8am to 5pm London time only.

I ran both of the set-ups on only the one hour time-frame, which is a fairly ambitious time-frame in which to run automated signals, and the most ambitious that fits with Tradeonix Pro's specification of the minimum time-frame on which the indicators should be used. Before we look at the detailed results, it should be noted that a period of a single week is a very short period over which to measure any Forex trading performance.

The first indicator generated only two signals. At the time of writing, one of the signals had been closed profitably, and the other signaled trade was still open. Overall, during the test period and on the test time-frame, this indicator was profitable.

The second indicator generated two conservative signals, one win and one loss. Three aggressive signals were also generated, two winners and one loser. Overall, during the test period and on the test time-frame, this indicator was also profitable.

Even with the limited amount of user reviews I was able to find, I remain very hopeful in the capabilities of the Tradeonix Pro. This is mainly because Tradeology has released proven products now, which have all help the company amass their formidable reputation.

If you are ever going to consider trying a Forex trading program then we recommend that you take a closer look into Tradeology's newly released Tradeonix Pro. It's worthy of your consideration.

To Order Tradeonix Pro visit http://www.tradeonixpro.net - USE COUPON CODE: TRADE20OFF