Forex Confidante Review

Overview

Forex Confidante is the product of ex-professional bank forex trader Tom Strignano or Strigano, depending on which website you’re looking at. Apparently, Tom’s main claim to fame was that he spent a good number of years dealing forex in New York, including working as the chief FX dealer for a major Italian bank.

Wait a minute, a major Italian bank? As a former professional forex trader once observed, “I didn’t even know Italian banks traded forex!” That is not too surprising since not one Italian bank managed to make it onto the list of the top 20 forex-trading banks, according to a recent benchmark Euromoney poll published in 2009, with the 20th bank listed only having a 0.54% market share.

Anyway, despite his assertions of having worked his way up to making the big bucks trading forex with institutional money, Tom now seems to have retired from having all that fun to West Palm Beach, Florida. His stated aim is to now start “teaching FX trading techniques to the little guy”.

In addition to Forex Confidante, Tom’s online forex product offerings currently include an artificial intelligence forex signal generator and an automated trading robot called AI. He also provides a more personal forex trader mentoring service and seminars like the Forex Confidante Inner Circle workshop for traders looking to enhance their profitability.

Unfortunately, the sales pages on his Forex Confidante website contain the usual, overly-hyped forex product marketing garbage. This tends to make an Internet scam-wary person immediately suspicious about why they would need to sell a really useful product with such hyperbole that then gets effectively nullified with the ever-present disclaimer. Frankly, giving in to this far-too-common online sales practice just does not reflect well on either Tom or his product.

With respect to its online ratings, Forex Confidante received a better-than-four-star average review from among the 13 listings posted at the Forexpeacearmy scam-busting site. On balance, the e-book product seems to have received positive feedback from users, and some reviewers even claim to have experienced reasonable success trading based on its suggestions.

Nevertheless, despite those positive ratings, an Internet search failed to turn up any decent reviews of Forex Confidante, other than those obviously written by affiliate marketers or their ghostwriters, whose first language usually does not seem to be English.

Since a few forex discussion forum posts showed up from disgruntled users of the product, it seemed the responsible thing to do would be to check out Tom’s product personally before writing a review of it.

Accordingly, the support contact address featured on the Forex Confidante website was sent an e-mail requesting a review copy of the product, with professional freelance writing and forex trading credentials provided for their reference. Almost a week later, a reply is still being awaited, so in the meantime, what follows is what we have been able to find out about Forex Confidante from other sources, including the vendor’s website.

Facts About Forex Confidante

Product Type: E-book of ~100 pages and ~23,000 words.
Vendor Site: www.forexconfidante.com
Cost: $97
Guarantee: 8 weeks full and unconditional money back guarantee
Payments and Refunds: Made via Clickbank.

What You Get With Forex Confidante

Table of Contents:

• Page 2: Introduction 
• Page 5: First Things First: The Pre-Golden Rules 
• Page 9: The Confidential Golden Rules of Forex Trading 
• Page 13: Understanding Forex Truisms 
• Page 19: Money Management 
• Page 29: The Trading Game 
• Page 33: The Bid and Ask/Offer Spread 
• Page 43: Technical Analysis Part One: Anatomy of a Bar Chart 
• Page 46: Technical Analysis Part Two: How to Draw Trend Lines 
• Page 55: Technical Analysis Part Three: Fibonacci Price Projection 
• Page 72: The Secret Formulas: W.D. Gann’s Overbought/Oversold Indicator 
• Page 77: The Confidential Codex Timing Strategy 
• Page 95: Final Thoughts and the Complete Codex Reference 

Pros and Cons of Forex Confidante

Pros: 

• Offers a professional, but still rather basic perspective on forex trading. 
• Good background information for newer traders, including an important treatment of money management and market psychology. 
• Not just an e-book describing how to trade a forex system. 
• Reports of good customer support, often from Tom himself. 

Cons:

• Some newer forex traders might consider this e-book a bit technical to read or think it uses too much insider terminology. 
• Requires traders to observe the market’s action during certain periods. 
• More experienced traders probably already know about most of the things discussed in this e-book. 
• Might require an additional $67 video series purchase to clarify some details. 
• It seems inconsistent that Tom’s ForexConfidante website trashes forex robots, and then he develops one called AI to sell to people at another site. 

Conclusion

While experienced traders may not find this e-book very useful, Forex Confidante has some good user ratings and could provide helpful insights into a professional forex trader’s perspective on how to trade the market.

It might therefore suit a novice trader who has already mastered forex market terminology and is now looking to deepen their trading wisdom and enhance their strategic approach to trading forex.

Nevertheless, the $97 price tag seems a little high for an e-book since most of this information can already be found for free online.

Visit the official Forex Confidante website for more info.